Greenhawk Commences Logistical Planning for 2022 Exploration Activities
GREENHAWK RESOURCES INC.
Press Release
Greenhawk Commences Logistical Planning for 2022 Exploration
Activities
TORONTO, January 4, 202 2 -- Greenhawk Resources Inc. (formerly Cryptologic Corp.)
(“Greenhawk” or the "Company") (CSE: GRHK) is pleased to announce that it has commenced
logistical planning for 2022 exploration activities at its 100% owned Storø Project in Greenland.
The exploration potential of the Storø licence has been demonstrated through several exploration
and sampling ca mpaigns. The most prospective location in the licence is considered to be the
Qingaaq Mountain area, where exploration was focussed between 2005 and 2015.
Future work will be focused on further drilling in the Qingaaq area to improve data density in the
main zone area with the objective of increasing the mineral resource base . In addition, future
drilling is planned to investigate the potential down-plunge extension of main zone and to improve
geological controls on mineralisation within known gold-bearing structures.
The approach applied to exploration in the Storø licence has been a progression from:
reconnaissance mapping and sampling of scree, stream sediments and outcrop to determine
areas with anomalous gold and / or pathfinder elements; channel saw and chip sampling over
outcropping zones of quartz veining, alteration and sulphide mineralisation; and ultimately
diamond drilling to test continuity of gold mineralisation and controlling structures at depth.
Historic exploration to date has demonstrated that:
• Exploration sampling and drilling suggests that gold mineralisation with economically
interesting grades occurs within the Storø licence area with two main areas identified on
Qingaaq Mountain and Aappalaartoq Mountain;
• Mineral processing and metallurgical testwork has indicated that good gold recoveries in
excess of 90% can be achieved from mineralised samples at Storø by a combination of
gravity separation and cyanide leaching.
• Two main mineralised structures have been identified and sampled on Qingaaq Mountain
– Main Zone and BD Zone;
• The two mineralised structures related to stratigraphic horizons of the Main Zone and
lower BD Zone at Qingaaq will be the focus of future exploration drilling; and
There are numerous areas within the Storø licence that warrant further work.
As part of potential future exploration work the Company is investigating various items including
(i) drill testing near-surface extensions of the Main Zone along the Eastern and Western limbs,
with a focus on intersecting hinge zones where mineralised intersections are expected to be
thicker; and (ii) d rill testing the area between outcropping BD Zone at high elevations and BD
Zone intersections at depth below the Main Zone;
The company will also continue to developing the structural model for the Qingaaq area and the
broader Storø licence area as well as advancing the 3D geological model with a view to expanding
the interpretation to incorporate the gold mineralised sections on the neighbouring Aappalaartoq
Mountain, across the valley and roughly 3 km to the north.
The Storø Gold Project is located some 40 km northeast of Nuuk, the capital of Greenland. The
project is located on the 12 km2 mineral exploration License No. No. 2 014/11 and hosts an
inferred mineral resource of 885,000 tonnes at a grade of 3.4 g/t gold (SRK, 2021). The Storø
Gold Project is devoid of vegetation and overburden, which facilitates exploration and enjoys year-
round property access for eventual mining a nd ice -free shipping. In addition, Greenhawk
Resources owns through Copenhagen Minerals Inc. a second larger 540 km2 mineral exploration
License No. 2021-01 surrounding License No. 2014/11 (Figure 1), where a recent satellite-based
spectral analysis survey outlined numerous other Storø -type exploration targets. As well,
Copenhagen Minerals owns a mineral prospecting License No. 2020 -62 (Figure 2) covering the
entire eastern third of Greenland. Metallurgical studies undertaken by SGS Ltd in Lakefield,
Ontario show recoveries of between 91.5% and 94.8% from gravitational separation/cyanide
leach. Selected intersections of the Storø Gold Project include 4.11 g/t gold over 14.03m in DDH
15-03; 20.0m of 6.30 g/t gold in DDH 95 -03; 12.0m of 4.20 g/t in DDH 05 -01; 23.9m of 6.40 g/t
gold in DDH 95-05; and 28.8m of 6.74 g/t gold in DDH 10-54.
Review by Qualified Person and QA/QC
The scientific and technical information in this document has been reviewed and approved by
Martin Pittuck, CEng, FGS, MIMMM, a Qualified Pe rson as defined by National Instrument 43 -
101.
About Greenhawk Resources Inc.
Greenhawk owns a 100% legal and beneficial interest in two mineral exploration licenses
and one prospecting license in Greenland known as the Storø Gold Project.
For information, please contact:
Greg McKenzie
Chief Executive Officer
Phone: 416-504-2020
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
Certain statements in this press rele ase may contain forward looking information which
can be identified by the use of forward-looking terminology such as "believes", "expects",
"may", "desires", "will", "should", "projects", "estimates", "contemplates", "anticipates",
"intends", or any negat ive such as "does not believe" or other variations thereof or
comparable terminology. No assurance can be given that potential future results or
circumstances described in the forward-looking statements will be achieved or will occur.
By their nature, thes e forward -looking statements necessarily involve risks and
uncertainties that could cause actual results to significantly differ from those contemplated
by these forward-looking statements. Such statements reflect the view of the Company
with respect to fu ture events and are based on information currently available to the
Company and on assumptions, which it considers reasonable. Management cautions
readers that the assumptions relative to the future events, several of which are beyond
management's control, could prove to be incorrect, given that they are subject to certain
risk and uncertainties, and that actual results may differ materially from those projected.
Management disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise, except as
required by applicable securities laws. The reader is cautioned not to place undue
reliance on forward-looking information.
The Canadian Securities Exchange has not reviewe d, approved or disapproved the
content of this news release.