Hanstone Gold Announces Results of the Triaxial Magnetic Survey Outlining Additional Prospective Targets on its Doc and Snip North Properties
Hanstone Gold Announces Results of the Triaxial Magnetic Survey
Outlining Additional Prospective Targets on its Doc and Snip North Properties
VANCOUVER, BC - May 05 , 2022, - Hanstone Gold Corp. (TSX.V: HANS) (“Hanstone” or the “Company”) is
pleased to provide a summary of the results from th e Triaxial Magnetic Survey on both its flagship Doc Property
and the Snip North Property located within British Columbia’s prolific mining district known as the Golden
Triangle.
The 2022 Doc Property Mag netic Survey was able to verify anomalies previously discovered in the 2020 UAV
magnetic survey (drone survey) and revealed additional areas of interest on the Quinn Eskay, the Globe area and
the highly prospective Florence vein . The magnetic survey also outlined a much larger folding event , to the east
of the Doc vein system, and it appears that the known veins on the property are associated with the fold limbs.
Figure 1: Doc Property Total Magnetics
Previous samples taken from the Quinn Eskay area have returned high copper values up to 4.8% (January 2020,
NI 43-101 Technical Report). Management has long suspected this may be a sign of a porphyry located on the
Doc property. The Triaxial Magnetic Sur vey results appear to support this theory. To delineate the suspected
porphyry targets on the property, several areas are targeted for further evaluation through mapping,
prospecting, and a proposed Induced Polarization (IP) survey leading to a targeted drill program.
Quinn Eskay
The Snip North Magnetic Survey was flown across the western side of the property which coincided with areas of
interest outlined by the multispectral satellite survey analysis conducted in 2020.
Several new target areas have been identified where analysis indicates hydrothermal alteration coincident with
multiple magnetic highs . These areas are often associated with mineralization and are considered high value
target areas for future evaluation.
Figure 2: Snip North Total Magnetic Intensity
Figure 3: Snip North with Hydrothermal alteration highs in warmer colours
Andre Douchane , Chairman of the Board, commented: “Management is very pleased that the results from the
triaxial magnetic survey both support and confirm the results from the previous UAV mag netic survey, and
identified multiple previously unknown target areas. Management is also excited that the Snip North magnetic
survey results ha ve outlined significant hydrothermally altered targets on the western side of the property. The
results of the various geo physical surveys combined with high-grade surface showings indicates potential for a
significant source of mineralization on the Doc Property. Management is currently planning a proposed 2022 drill
program to cover as many of the attractive drill targets as possible while keeping the focus on locating the main
source of the Doc property mineralization.”
About Hanstone Gold:
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects
optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle.
The Golden Triangle is an area which hosts numero us producing and past -producing mines and several large
deposits that are approaching potential development. The Company holds a 100% earn in option in the 1,704 -
hectare Doc Project and owns a 100% interest in the 3,336 -hectare Snip North Project. Hanstone has a highly
experienced team of industry professionals with a successful track record in the discovery of gold deposits and in
developing mineral exploration projects through discovery to production.
Ray Marks, Chief Executive Officer
For Further Information Contact:
Carrie Howes, Director of Communications, +1-(778)-551-8488, [email protected]
Or visit the Company’s website at www.hanstonegold.com
Cautionary Statement Regarding Forward Looking Information:
The information contained herein contains “forward -looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of
applicable Canadian securities legislation. “Forward -looking information” includes, but is not limited to,
statements with respect to the activities, events, or developments that the Company expects or anticipates will or
may occur in the f uture. Generally, but not always, forward -looking information and statements can be identified
using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
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that certain actions, events, or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved” or the negative connotation thereof.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions,
estimates and forecasts about Hanstone’s business and the industry and markets in which it operates and will
operate. Forward -looking information and statements are made based up on numerous assumptions, including
among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of
planned exploration activities, that financing will be available if needed and on reasonable terms, that third party
contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone’s planned
exploration activities will be available on reasonable terms and in a timely manner and that general business and
economic conditions will n ot change in a material adverse manner. Although the assumptions made by the
Company in providing forward -looking information or making forward -looking statements are considered
reasonable by management at the time, there can be no assurance that such assu mptions will prove to be
accurate. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.