Hanstone Reports Extensive Gold and Silver Mineralization at Surface up to 277.9g/t Au, 1,405g/t Ag at Doc Property, British Columbia
Hanstone Reports Extensive Gold and Silver Mineralization at Surface up to 277.9g/t Au,
1,405g/t Ag at Doc Property, British Columbia
Highlights
● Hanstone receives assay results up to 277.9g/t Au and 1,405g/t Ag from grab samples at
sample pits at Q17/Q22 Zones.
● High-grade gold identified at Q17/Q22 Zones along a 350-metre strike length.
Vancouver, BC, December 6 , 2022 – Hanstone Gold Corp. ( TSX.V:HANS) (OTC:HANCF)
(FRA:HGO) (the “ Company” or “ Hanstone”), is pleased to announce the results from grab
sampling and surface mapping carried out at its Summer 2022 exploration program at its Doc
Property in northwestern British Columbia.
Field Program Overview
Field reconnaissance was carried out during the Summer 2022 program, alongside the bulk
sampling program previously announced on October 31, 2022(1) and November 22, 2022(2)
Assay results from grab sampling at the Q17 and Q22 Zones yielded a high value of 277.9g/t Au
and 935g/t Ag from sample 872104, which was taken from DOC22-Pit 7E (see Table 1 & Figure
2). This pit, opened on the Q17 vein, exhibits a vuggy gossan with galena-derived boxwork on the
margin of the same vein exposed at the bulk sampled zone at the top of the slope at DOC22-Pit 2E
through 3E, the results from which were announced on November 22, 2022 (2). Sample 872135,
taken from an unweathered portion of the Q17 vein at DOC22- Pit 3E, yielded 231.4g/t Au and
1,405g/t Ag. *
Mineralization observed at the Q17, Q22, and Q19 Zones is hosted within broad, approximately
~1 metre thick vitreous quartz veins with 5-10% coarse (up to ~2cm) galena crystals disseminated
within the vein margin. See Figure 1 and Table 1 below for sample locations.
Ray Marks, President and CEO of Hanstone stated: “These results further confirm the presence of
extensive gold mineralization extending from surface to the past-producing mine workings below
for a current estimated strike length of 350 metres. Our intention in the 2023 season will be to
follow up on the se results and our team is eager to find out just how far this zone extends along
strike.”
Sampling at Q17 / Q22 Zones
Grab sample 872125, taken directly above the end of the adit and roughly at the centre -point of
the segment of the Q17 vein mined by the underground workings, returned 111.5g/t Au and 155g/t
Ag. Sample 872122, taken directly above the eastern end of the underground workings, yielded
47.7g/t Au and 248g/t Ag. More significantly, sample 872123, taken 130 metres further ESE along
strike beyond the end of the surface projection of the underground workings, in the vicinity of the
eastern-most historical 1988 drilling, yielded 58.3g/t Au and 256g/t Ag. *
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Table 1. Grab Sample Assay Highlights
Sample ID Location Zone Au (g/t) Ag (g/t)
872104 DOC22-Pit 7E Q17 277.9 935
872125 DOC22 Pit 10E
(outcrop grab)
Q17 111.5 155
872127 DOC22-Pit 8E Q17 90.6 353
872128 DOC22-Pit 6E Q17 242.7 1200
872129 DOC22-Pit 5E Q17 14.6 237
872131 DOC22-Pit 4E Q17 22.1 19
872132 DOC22-Pit 2E Q17 36.0 307
872135 DOC22-Pit 3E Q17 231.4 1405
872136 DOC22-Pit 2.5E Q17 31.1 769
872122 Above eastern end of workings,
130 metres east of DOC22-Pit
10E
Q17/Q22 47.7 248
872123 130 metres east along strike
from 872122
Q22 58.3 256
Figure 1. Grab Sample Highlights Map
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Discussion of Sampling Results
Grab samples taken from pits opened during the program yielded numerous high- grade gold
showings with apparent continuity of a mineralized zone extending along surface from DOC22-
Pit 1E (top of slope) down to DOC22- Pit 16E, a strike length of approximately 150 metres.
Additional pits located 70 and 200 metres further southeast along strike of the same zone also
yielded high-grade gold results (47.7g/t Au and 58.3g/t Au, respectively), with the zone remaining
open along strike in both directions. This mineralized trend almost exactly parallels the
underground workings and represents the surface projection of the same Q17 and Q22 veins that
were the target of underground mining. Based on these observations, in conjunction with historical
drilling intercepts across the vein, the mineralized zone appears to measure at least 350 metres
along strike and 100 metres depth, while remaining open along strike and at depth.
The grades being returned from grab and bulk sampling at the Doc Project are consistent between
samples of similar material and have yielded up to 277.9g/t Au (DOC22-Pit 7E), which was taken
from a grab sample of vuggy gossan with galena-derived boxwork. Evidenced from the texture of
the high- grade gossan, this material is the weathered form of the galena- bearing quartz vein
appearing uphill at DOC22-Pit 2E through DOC22-Pit 6E and likely continues further beyond the
most distal pits in both directions along strike. *
Figure 2. Sample 872104 (277.9g/t Au, 935 g/t Ag)
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Figure 3. Pit 8E looking west - representative section of mineralized zone
(rock hammer for scale)
Bulk Sampling Recap and Pit Descriptions
As announced in Hanstone’s news release da ted November 22, 2022 (2), assay results from b ulk
samples from the DOC Zone yielded a high value of 43.91 g/t Au and 244 g/t Ag from a 110.0kg
sample from Pit 3E at the Q17 vein, out of a total of three bulk samples taken along an
approximately 10-metre long zone on the Q17 vein. The single bulk sample taken at the Q19 zone
yielded 7.04 g/t Au and 85 g/t Ag from a 130.0kg sample.
A total of 18 sample pits were opened on the Property, with 17 pits located along the DOC area
(Q17/Q22 vein zone) and one pit at the Q19 zone. The bulk sampling component of the program
consisted of a series of four (4) bulk samples taken across the Q17 and Q19 vein zones. Each
sample at both the Q17 and Q19 veins consisted of abundant galena and minor pyrite
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mineralization within 0.5 to 1.0 metre quartz veins, hosted within a broader shear zone and yielded
anomalously high gold and silver values. No significant copper or zinc values were encountered.
The surface exposure of the Q17 and Q22 veins evidently coincide with the underground workings,
with pits generally exhibiting a similar style of mineralization to that observed within the
underground workings. In conjunction with historical drill results, veining and sulphide
mineralization appears to be mostly continuous throughout the zone, as well as further along strike
to the east.
* Cautionary Note: The reader is cautioned that grab rock samples are selective by nature and
may not represent the true grade or style of mineralization across the Property.
Assay Method
Analytical results of sampling reported by Hanstone represent rock samples submitted by
Hanstone directly to Seacan Labs, an ISO 17025 accredited lab based in Stewart, British Columbia.
Samples were coarse crushed, dried at 100 °C, crushed to 80% < 10 mesh, split, with 250g
pulverised to 85% < 140 mesh. For Au and Ag, 30g pulp was fire assayed with gravimetric finish.
For all other elements, pulp samples were digested by aqua regia and run by ICP-OES.
About the DOC Gold Project
The DOC Gold Project covers 8 mineral claims covering 1,704 hectares in northwestern British
Columbia. The Project is located approximately 70 kilometres north of Stewart, BC, and is
accessible by a 45 minute helicopter flight from the helipad located in Stewart, BC. Trails provide
excellent access to all major locations on the Property.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis,
P.Geo., a "Qualified Person" as defined under NI 43- 101 Standards of Disclosure for Mineral
Projects.
About Hanstone Gold Corp
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 on 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 CEO
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For Further Information Contact:
Ray Marks, President
+1-(778)-896-7778, [email protected]
Or visit the Company’s website at www.hanstonegold.com
Forward Looking Statements Disclaimer
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, even ts, 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
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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 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 busines s 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 ca n
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.
References
1) Hanstone Gold Corp Press Release dated October 31, 2022. “Hanstone Gold Provides Update on Exploration
Program at Doc Property, British Columbia”
https://www.hanstonegold.com/news-releases/hanstone-gold-announces-appointment-of-cfo-ay5gg
2) Hanstone Gold Corp Press Release dated November 22, 2022. “Hanstone Receives Assays up to 43.91g/ t
Gold and 244 g/t Silver from Bulk Sampling at Doc Property, British Columbia”
https://www.hanstonegold.com/news-releases/hanstone-receives-assays-up-to-4391g/t-gold-and-244-g/t-silver-from-
bulk-sampling-at-doc-property-british-columbia