Hanstone Gold Provides Initial Results From Bulk Sampling Program on DOC Property in the Golden Triangle of Northern BC

Bulk Sample Locations

Figure 1:  Bulk Sample Locations from the TRJC & Doc Vein Systems
Figure 1: Bulk Sample Locations from the TRJC & Doc Vein Systems
Figure 1: Bulk Sample Locations from the TRJC & Doc Vein Systems

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) ("Hanstone" or the "Company"), is pleased to provide an update on the results from its bulk sampling program conducted in 2021 on its DOC Property, located in northern British Columbia’s prolific Golden Triangle Mineral District. The Golden Triangle hosts three of Canada’s most significant mineral deposits that include Skeena Resources’ Eskay Creek gold & silver deposit, Newmont and Teck Resources’ significant copper-gold-silver Galore Creek Project and Pretium Resources Brucejack gold mine.

Two 1-ton bulk samples were taken from the Doc Property’s Q19 vein, and from the newly discovered TRJC vein. Samples from each vein were crushed and milled to -150 mesh size fraction, with 5 samples retrieved from each bulk sample for analysis. Each sample was analyzed using the metallic screen fire assay at TSL Laboratories and ICP1 Total 4 acid digestion method at SRC Geoanalytical Laboratories in Saskatoon, SK.

Highlighted Results from the analysis are as follows:

  • Q19 vein system bulks sample averaged 19.35 g/t Au, 127.00 g/t Ag, and 465.40 ppm Cu.

  • TRJC vein system bulk sample averaged 5.73 g/t Au, 89.18 g/t Ag, and 43,580 ppm Pb.

Ray Marks, President & CEO, commented: “The reported high grades and consistency of the bulk sample results are very encouraging – The newly discovered TRJC vein gives confidence that there is a high probability of discovering deep mineralized structures yet to be explored on both the Doc and Snip North Properties”.

Results from all samples analyzed from each bulk samples are listed in Table 1 below.

Table 1: Bulk sampling results (2021)

Bulk Sample
Vein ID

Sample #

Average
Grade
Au (g/t)

Au
Total
(g/t)

Average
Grade
Ag (g/t)

Ag
total
(g/t)

Average
Grade
Cu
(ppm)

Cu total
(ppm)

Average
Grade
Pb
(ppm)

Pb total
(ppm)

TRJC

872928

5.7

76.4

93

32600

TRJC

872929

5.9

90

93

36800

TRJC

872930

5.48

83

111

35200

TRJC

872932

4.87

100

90

57900

TRJC

872938

6.7

96.5

99

55400

Q19

872933

17.74

114

431

2010

Q19

872934

19.27

128

468

2240

Q19

872935

19.71

131

489

2260

Q19

872937

21.66

130

471

2230

Q19

872939

18.4

132

468

2070

TRJC average

5.73

89.18

97.20

43,580

Q19 average

19.35

127.00

465.40

2,162

NOTES:

  • The TRJC vein is generally oriented North-South, while the Q19 vein is generally oriented East-West.

  • Both TRJC & Q19 vein widths are approximately 2m wide on average, including alteration.

  • Current plans are to expand the exposure of the veins along strike and at depth in the 2022 field season.

  • Assay results from the last three and a half diamond drill holes remain outstanding from the 2021 drill program. Assay labs have advised management to expect results in the near future.