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An Update on Hanstone Gold’s DOC and Snip North Properties

Hanstone Gold announced an update on its DOC and Snip North Properties situated in Northern British Columbia (BC), located within the prolific mineralized zone called the Golden Triangle.

An Update on Hanstone Gold’s DOC and Snip North Properties.

Image Credit: Mark Agnor

In 2020, a grab sample on the Q19 mineralized quartz vein on the DOC Property yielded a substantial gold assay of 212 g/t Au. During the drill season in 2021, two small diameter, shallow core holes were drilled on the Q19 vein using a portable backpack drill. These near-surface holes yielded gold grades of 12 g/t Au in one hole and 10 g/t Au in the other over about 1m of core length.

A one-ton bulk sample of the Q19 vein system has been carried out on this mineralized vein system. The data from this sampling is anticipated to result in a more illustrative quantification of the gold content of the system within the sampled regions and will add further confidence to future approximations of potential resources.

An extra one-ton bulk sample was also carried out on the TRJC vein, an analogous vein system to the Q19 system on the DOC Property.

Bulk sampling and metallurgical analysis are employed to help companies establish the feasibility of mining a potential deposit. It is an effective approach for de-risking an exploration project and is anticipated to assist in moving the project toward preliminary NI 43-101 compliant resource estimations.

The bulk of the assay findings from the HQ core drilling program carried out on the DOC Property in the summer of 2021 are still pending.

Several project initiatives are scheduled for both the properties shortly.

DOC Property

Processing and transport of two, one-ton bulk samples amassed on the DOC Property during the field season of 2021 on the Q19 and TRJC vein systems is ongoing. Bulk samples will be crushed and milled to a -150 mesh size fraction, with 5 samples each for assay to be recovered from each bulk sample for examination. The rest of the bulk sample crush will be set aside for possible metallurgical testing.

An extra 100-ton bulk sampling program is also being deliberated for the exploration season in 2022 on the Q19 and other Doc vein systems. Current underground workings on the Doc Property are also high importance targets for the planned 2022 bulk sampling project.

SNIP North Property

As stated on October 5th, 2021, Hanstone contracted Axiom Exploration Group Ltd. for the gathering and processing of airborne magnetic data over the Company’s Snip North Project proximal to the Snip Mine in BC.

This survey is proposed to delineate magnetic low anomalies for future ground assessment of possible gold mineralization. On the Doc Property, magnetic lows are said to be coincidental with confirmed mineralized targets.

The airborne magnetic survey will offer high-resolution tri-axial array magnetic gradient results estimated to be followed up in the field season of 2022. Hanstone will exploit the data to assess any coincidental gossanous zones, and to compare with other adjacent prospective areas with the same signature.

Hanstone Gold will also use this data to explore and assess neighboring historical showings on the Snip North Property.

“The 2021 exploration season has been a challenging and exciting one for Hanstone. Management is looking forward to the results of the 2021 drill program and bulk sampling assays to assist in the definition of additional targets on its DOC and Snip North Properties located in the Golden Triangle of Northern BC.

Ray Marks, President and Chief Executive Officer, Hanstone Gold

“We are confident that data generated from this year’s exploration and drilling season will greatly assist the Company in moving its properties forward with the goal of defining their potential to host viable mineral resources,” he added.

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