Hanstone GOLD Commissions Airborne Magnetic Survey over Its Snip North Project Located IN Northern BC
HANSTONE GOLD COMMISSIONS AIRBORNE MAGNETIC SURVEY OVER ITS SNIP
NORTH PROJECT LOCATED IN NORTHERN BC
VANCOUVER, BC – October 5 , 2021 – Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO)
("Hanstone" or the "Company"), is pleased to announce it has contracted Axiom Exploration
Group Ltd. (‘Axiom’) who has submitted their proposal for the collection and processing of
airborne magnetic data over the Company’s Snip North Project near Stewart, British Columbia.
This airborne magnetic survey will be conducted using a manned helicopter equipped with
specially designed high resolution magnetometers mounted in a tri-axial array. The survey will be
conducted over the a 102 line-km survey over a prospective Area of Interest (AOI) utilizing a line
spacing of 100 m and tie lines spaced a 1000 m. Axiom will be responsible for the execution,
collecting and processing the magnetic data and report compilation.
The AOI includes prospective target zones outlined in previous satellite surveys from 2020 on the
Snip North property. Those survey results showed significant hydrothermal alteration in addition
to quartz and significant ferric oxides on the property. P rospecting and sampling during 2021
summer season verified those results with samples from several gos sans. These samples
contain up to 5% disseminated sulphides within otherwise variable hydrothermal alteration.
South of the Snip North Property, recent work on the Company’s Doc Property uncovered several
extensive mineralized quartz vein structures that were coincidental with low magnetic anomalies.
Large diameter diamond drill core results from the 2021 season are pending.
Ray Marks, President and Chief Executive Officer of the Company, stated: “Management is looking
forward to the definition of additional targets on its Snip North Property located in the prolific
Golden Triangle of Northern BC. We are confident that data generated from the proposed
airborne magnetic survey will provide prospective targets for additional follow-up, prospecting and
potential future drill target delineation on the Snip North Property.”
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 numerous 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 developin g
mineral exploration projects through discovery to production.
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 t o the activities, events, or developments that the Company
expects or anticipates will or may occur in the future. 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”, “anticipates”, or “believes” or the negative
connotation thereof or variations of such words and phrases or state that certain actions, events, or
results “may”, “could”, “would”, “might” or “wi ll 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 upon
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 a vailable on
reasonable terms and in a timely manner and that general business and economic conditions will not
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 assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties
and other fact ors, which may cause actual results, performances, and achievements of Hanstone to
differ materially from any projections of results, performances, and achievements of Hanstone
expressed or implied by such forward -looking information or statements, includi ng, among others,
negative operating cash flow and dependence on third party financing, uncertainty of the availability of
additional financing, the risk that future assay results will not confirm previous results, imprecision of
mineral resource estimates , the uncertainty of commodity prices, aboriginal title and consultation
issues, exploration risks, reliance upon key management and other personnel, deficiencies in the
Company’s title to its properties, uninsurable risks, failure to manage conflicts of i nterest, failure to
obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition
for resources and financing, or other approvals
Although the Company has attempted to identify important factors that could cause ac tual results to
differ materially from those contained in the forward -looking information or implied by forward -looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended.
There can be no assurance that forward-looking information and statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on forward -looking sta tements or
information. The Company undertakes no obligation to update or reissue forward -looking information
because of new information or events except as required by applicable securities laws
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.