Hanstone GOLD Provides Shareholder Update ON Its Doc and Snip North Properties IN the Golden Triangle of Northern BC
HANSTONE GOLD PROVIDES SHAREHOLDER UPDATE ON ITS DOC AND SNIP NORTH
PROPERTIES IN THE GOLDEN TRIANGLE OF NORTHERN BC
VANCOUVER, BC – January 19, 2022 – Hanstone Gold Corp . (TSXV: HANS) (FSE: HGO) ("Hanstone"
or the " Company"), is pleased to provide an update on its Doc and Snip North properties and the
Company’s plans for further exploration, core drilling, airborne geophysical surveys and additional bulk
sampling development on the properties . The properties are located within the prolific mineralized region
known as the Golden Triangle of Northern BC.
DOC PROPERTY
Processing and shipment of two, 1 ton bulk samples collected on the DOC property during the 2021 field
season on the Q19 and TRJC vein systems has been completed. The remainder of the bulk sample crush
will be reserved for potential metallurgical testing. Preliminary bulk sample geochemical analysis returned
positive results from Q19 and TRJC targets. The rep orted g rades to date demonstrate repeatable and
consistent results. The bulk of the assays remain pending, including additional results from silver and
copper assays.
Additional bulk sampling is also being considered for the 2022 exploration season on the Q19 and other
Doc vein systems. Existing underground workings on the Doc Property are also high priority targets for the
proposed 2022 bulk sampling project. The company has the right to earn a 100% interest in the DOC
property.
SNIP NORTH PROPERTY
As announced on October 5, 2021, Hanstone contracted Axiom Exploration Group Ltd. for the collection
and processing of airborne magnetic data over the Company’s 100% owned Snip North Project proximal to
the Snip Mine, British Columbia. This survey is intended to delineate magnetic low anomalies for future
ground evaluation of potential gold mineralization. On the Doc Property, magnetic lows are known to be
coincidental with verified mineralized targets. Geophysical results remain pending.
The airborne magnetic survey will provide high resolution tri -axial array magnetic gradient results expected
to be followed up in the 2022 field season. Hanstone plans to use the data to evaluate any coincidental
gossanous zones, and to compare with other nearby prospective areas with the same signature. The
Company will also use this information to explore and evaluate nearby historical showings on the Snip
North property.
2022 FIELD SEASON PROGRAM
Plans for the 2022 Drill program are currently being assessed pending receipt of all data generated in the
2021 field season. Due to the current global pandemic, delivery of materials and assay results has been
delayed. Plans for the 202 2 field season, weather condition permitting, are expected to include provisions
for the following:
Bulk Sampling Program : Additional bulk sampling is also being reviewed for the 2022 exploration
season on the Q19 and other Doc vein systems to continue the metallurgical and mineralogical test
work from the previous year.
Helicopter Mag Surveys : The 2022 Hanstone exploration plan will consist of multiple phases to
increase the amount and focus future drilling target areas.
Helicopter EM & Ground IP Surveys: A series of Electromagnetic (EM) surveys are expected to be
completed in Q2 2022, on both the Snip North and Doc properties to assist in delineation of
porphyry style mineralized occurrence.
Snip North Prospecting Program: Plans are to initiate prospecting in the areas of highest priority,
following up on the extent of known mineralized vein and porphyry structure.
Doc Property Prospecting Program : An area of focus on the Doc property will be on locating the
Globe Adit, where historical reports described highly prospective mineralized quartz veining in the
area.
Structural Analysis : A Structural interpretation is expected to be completed on the Q19/TRJC,
BGS, and Doc Zone in 2022 to assist in delineating future drill targets.
Future Plans for possible late Summer 2022 or 2023: A multiple phase plan is being developed to
create high priority drilling targets for areas of interest on the Snip North property, and across the
entire Doc property.
Andre J Douchane, Executive Chairman commented: “Given there is a tremendous amount very strong
surface showings of both precious and base metals, there is every reason to believe the existence of a
very large heat source beneath all of precious and base metal occurrences on surface. I’m excited to see
what develops from the 2022 Exploration Plan. We’re in giant country and we need to be looking for
giants.”
About Hanstone Gold
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Project s
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 pote ntial 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, President and 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 future. Generally, but not always, forward -looking informati on 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 “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 a nd 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 available 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 c an be no
assurance that such assumptions 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.