Hawkmoon Resources Acquires a Cluster of Seven GOLD Showings in Quebec’S Abitibi
HAWKMOON RESOURCES ACQUIRES A CLUSTER OF SEVEN GOLD SHOWINGS IN QUEBEC’S ABITIBI
VANCOUVER, BRITISH COLUMBIA- April 26, 2021: Hawkmoon Resources Corp. (CSE:HM) (“Hawkmoon”
or the “ Company”) announces the option to acquire 100% of the Wilson Gold Project (“ Wilson” or the
“Property”) from Cartier Resources (TSX.V: ECR) (“Cartier” or the “Vendor”). The terms of the agreement
with Cartier are summarized in Table two. The Property is comprised of fourty two mineral claims totaling
approximately 1,660 hectares. Wilson is located in Verneuil Township fifteen kilometres east of the town
of Lebel-sur-Quévillon and 150 kilometres northeast of the mining city of Val d’Or.
Two major government-maintained roads cross the Property. One of these roads lead s to Hawkmoon’s
Romeo Property (“Romeo”). Hawkmoon can access and work on t he Wilson all year. With proximity to
infrastructure, a qualified workforce and access to several local drill contractors and assay labs Hawkmoon
can easily work both Wilson and Romeo at the same time. This decreases logistics and costs. The location
of Wilson reinforces Hawkmoon’s focus on gold in Quebec.
Wilson Property Geology and Mineralization
The geology of Wilson is composed of felsic to intermediate volcanic flows and tuffs and a gabbroic sill.
The primary gold showing on Wilson is the Toussaint Showing (“Toussaint”). The Toussaint generally
occurs where volcanic tuffs contact the gabbroic sill. The Toussaint is characterized as a highly altered ,
strongly sheared schist set within an intermediate volcanic tuff . Alteration is primarily calcite, sericite,
chlorite and ankerite. The Toussaint is described as pale grey to beige with numerous injections of quartz
veins as well as sulphide minerals (pyrite-pyrrhotite ± chalcopyrite) and local grains of visible gold in drill
core. Refer to figures one (photograph o f Toussaint), two (visible gold in drill core) and three (boxes of
drill core).
Figure 1: Photograph of the Toussaint Showing outcrop (Source: Cartier Resources)
Figure 2: Photograph of visible gold in a channel sample from the Toussaint Showing (Source: Cartier
Resources)
Figure 3: Photograph of the Toussaint Showing in drill core (Source: Cartier Resources)
Gold Mineralization of the Toussaint Showing
A historical assessment report 1suggested the Toussaint ha s a head grade of 7.1 gr ams per tonne gold.
This was calculated in 1994, before the implementation of NI 43 -101. Hawkmoon is treating the data as
historical and a Qualified Person has not yet done the work necessary to verify the data and the data
should therefore not be relied upon. Hawkmoon considers the historical data relevant to assessing the
1 number GM52557 titled “Report of diamond drilling, Verneuil Project” by Mark Fekete Dated May 25, 1994
exploration potential of Wilson. A total of 126 diamond drill holes have been completed on Wilson
totalling approximately 24,000 metres. This diamond drilling was completed intermittently from 1956 to
2017. Highlights of this drilling is shown in Table 1.
Table 1: Highlights of Historical Diamond Drilling, Toussaint
Drill From To Length Gold Grade
Hole (metres) (metres) (metres) g/t
VP-11-11 174.0 177.0 3.0 33.2
including 175.7 176.3 0.6 164.5
VP-11-18 76.0 143.0 67.0 1.5
including 76.0 77.0 1.0 30.1
including 106.0 107.0 1.0 12.5
including 125.0 126.0 1.0 24.5
VP-93-22 101.8 143.2 41.4 2.0
including 101.8 102.8 1.0 12.6
including 138.0 143.2 5.2 11.7
VP-94-45 228.4 231.0 2.6 20.2
including 228.4 229.5 1.1 32.2
VP-92-10 36.2 41.0 4.8 10.5
including 36.2 37.0 0.8 34.3
including 39.0 39.7 0.7 20.4
VP-11-05 28.0 35.0 7.0 6.3
including 34.0 35.0 1.0 32.3
Six Additional Gold Showings on Wilson
In addition to the Toussaint , there are six other gold showings on Wilson. These showings are: Midrim,
Benoist, Moneta Porcupine North, Moneta Porcupine South, T&M and Parnor. The largest of these
showings is the Midrim which is situated several hundred metres northeast of Toussaint. One goal for
Hawkmoon is to explore the possibility of connecting the Toussaint and Midrim Showings. Figure four is a
map showing the location of all gold showings and diamond drill holes completed on Wilson.
Figure 4: Map of the gold showings and Diamond Drilling on the Wilson Property
Table 2: Terms of the Option to Acquire 100% of the Wilson Property, Quebec
Time Cash
Payments
Shares
Issued
Work
Program
Drilled
Metres
Upon Execution $200,000 700,000 N/A N/A
Year 1 Anniversary $150,000 700,000 $750,000 3,000
Year 2 Anniversary $150,000 800,000 $750,000 3,000
Year 3 Anniversary $250,000 800,000 $1,000,000 4,000
Year 4 Anniversary $250,000 1,000,000 $1,500,000 6,000
Year 5 Anniversary N/A 1,000,000 $2,000,000 8,000
Totals $1,000,000 5,000,000 $6,000,000 24,000
Mr. Branden Haynes, President of Hawkmoon states “ The option to a cquire this property from Cartier
Resources is an amazing opportunity for Hawkmoon. We intend to start work on this exciting new gold
project shortly. It is excellent to work with Cartier Resources. Cartier has an excellent reputation as one
of Quebec’s most esteemed junior miners.”
About Hawkmoon Resources
Hawkmoon recently completed its initial public offering and is focused entirely on its two Quebec gold
projects in one of the world’s largest gold deposits, the Abitibi Greenstone Belt. Both these gold projects
are accessed by government-maintained roads and are in close proximity to each other east of the town
of Lebel sur Quévillon.
About Cartier Resources
Cartier Resources Inc., founded in 2006, is based in Val -d’Or, Quebec. This province has consistently
ranked as one of the world’s best mining jurisdictions, primarily because of its favourable geology,
attractive fiscal environment and pro -mining government. Cartier has a strong cash position with more
than $10.0 million and a significant corporate and institutional endorsement, including Agnico Eagle
Mines, Jupiter Asset Management and Quebec investment funds. Cartier’s strategy is to focus on gold
projects with features that offer the potential for rapid growth. Cartier holds a portfolio of exploration
projects in the Abitibi Greenstone Belt of Quebec, one of the world’s most prolific mining regions. Cartier’s
focus is to advance its four key projects thr ough drilling programs. All of the projects were acquired at
reasonable costs in recent years and are drill -ready with targets along the geometric extensions of gold
deposits. Exploration work is currently focused on the Chimo Mine and Benoist properties t o maximize
value for investors. Future exploration work is planned on the Fenton and Wilson properties.
Qualified Person
The technical information in this news release has been reviewed and approved by Thomas Clarke P.Geo.,
Pr.Sci.Nat. Mr. Clarke is a “Qu alified Person” under NI 43 -101 and a Director and the Vice President
Exploration of Hawkmoon.
HAWKMOON RESOURCES CORP.,
ON BEHALF OF THE BOARD
"Branden Haynes"
Branden Haynes, Chief Executive Officer
Forward Looking Statements
This news release contains certain forward -looking statements. The use of the word “expected”,
“projected”, “pursuing”, “plans” and similar expressions are intended to identify forward -looking
statements. Forward -looking statements in this news release include statements regarding: the
Company’s option to acquire the Wilson Gold Project and the Company’s expectations for exploration of
that property and the Company’s Romeo property. The forward -looking statements are made as at the
date hereof and the Compa ny disclaims any intent or obligation to publicly update any forward -looking
statements, where because of new information, future events or results, or otherwise, except as required
by applicable securities laws.
For more information, please contact Branden Haynes, Chief Executive Officer and Director, Email:
[email protected]; Telephone: 604-817-1595