Halcones Precious Metals Intersects 2.75 g/t Gold and 20.94 g/t Silver Over 10 m and 1.09 g/t Gold and 17.35 g/t Silver Over 11 m at Carachapampa Project, Chile
Halcones Precious Metals Intersects 2.75 g/t Gold and 20.94 g/t Silver
Over 10 m and 1.09 g/t Gold and 17.35 g/t Silver Over 11 m at
Carachapampa Project, Chile
TORONTO, ONTARIO April 27, 2023 – Halcones Precious Metals Corp. (TSX – V: HPM) (the
“Company” or “Halcones”) is pleased to provide results from the exploration program at the
Carachapampa project (“Carachapampa” or the “Project”) . Carachapa mpa is located in the
prolific Maricunga belt approximately 180 km northeast of the city of Copiapo with year-round
road access (Figure 1).
Drilling Highlights
Hole CAR23-008 returned 1.09 g/t Au and 17.35 g/t Ag over 11 m from 81 m down hole at the
Central Target including 1.53 g/t Au and 27.82 g/t Ag over 6 m.
Hole CAR23-012 returned 2.75 g/t Au and 20.94 g/t Ag over 1 0 m from 79 m down hole at the
Northwest Target. This is part of a broader mineralized interval of 1.3 g/t Au and 11.73 g/t Ag
over 24 m from 73 m downhole.
According to Ian Parkinson , CEO and Director of Halcones , “These results are very encouraging,
coming from a limited diamond drill campaign testing extensive targets. The program
demonstrates that mineralizing systems have deposited significant gold within the property.
These results provide a strong base from wh ich to evaluate controls of mineralization on these
previously unidentified targets and warrant persisting with further work. The alteration and
mineralization observed in these drill holes, with silicification and development of vuggy quartz
textures is precisely analogous to producing mines in the area.”
Halcones drilled 7 holes totaling 1,524 m, drill testing the depth extent of surface sample results
announced in November 2022 (see press release dated November 23, 2022). Three of the seven
holes ret urned mineralized intervals greater than 1 g/t over significant widths. Drilling was
focused on shallow, near surface targets less than 75 m from surface (Figure 2 and 3). A complete
summary of drill data is included in Table 1.
Next Steps
Assays have now been received from all seven holes. The Halcones exploration team is
analysing these results before planning next steps for the Carachapampa project.
Table 1: Assay summary
Figure 1: Carachapampa project location
DDH EASTING NORTHING ELEVATION AZIMUTH DIP DEPTH
(m) FROM TO WIDTH
(m) Au_g/Tn Ag_ppm Cu_%
CAR23-008 490075 7048039 3876 180 -60 107.05 81 92 11 1.09 17.35 0.01
incl. 490075 7048039 3876 180 -60 107.05 85 91 6 1.53 27.82 0.02
CAR23-009 490116 7048058 3823 180 -50 92
CAR23-010 490033 7048011 3877 190 -50 100.95 72.5 81 8.5 0.68 4.93 0.00
incl. 490033 7048011 3877 190 -50 100.95 76.5 80 3.5 1.16 5.69 0.00
CAR23-011 489820 7047988 3785 180 -60 125.1
CAR23-012 486094 7051504 3766 160 -60 150.2 73 97 24 1.30 11.73 0.00
incl. 486094 7051504 3766 160 -60 150.2 79 89 10 2.75 20.94 0.00
CAR23-012 486094 7051504 3766 160 -60 150.2 143 145 2 0.05 2.05 0.55
CAR23-013 490291 7047812 3793 270 -65 448.4
CAR23-014 489847 7048630 3858 270 -60 500
NO SIGNIFICANT INTERSECTS
NO SIGNIFICANT INTERSECTS
NO SIGNIFICANT INTERSECTS
NO SIGNIFICANT INTERSECTS
Figure 2: Property map showing drill hole locations
Figure 3: Cross sections for holes CAR-23-08 and CAR-23-12
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Mr. David Gower, P.Geo ., as defined by National Instrument 43 -101 of the Canadian Securities
Administrators.
About Halcones Precious Metals Corp.
Halcones is focused on exploring for and developing gold- silver projects in the Maricunga Belt,
Chile, the premiere gold mining district in South America. The Company has a team with a strong
background of exploration success in the region.
For further information, please contact:
Vincent Chen
Investor Relations
www.halconespreciousmetals.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward -looking information” within the meaning of applicable
Canadian securities legislation. Forward -looking information includes, without limitation,
regarding the prospectivity of the Project, the mineralization of the Project, the Company’s
exploration program, the Company’s ability to explore and dev elop the Project and the
Company’s future plans. Generally, forward -looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecas ts”, “intends”, “anticipates” or “does not
anticipate”, or “believes”, 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”.
Forward- looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of
Halcones, as the case may be, to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate
the purchased properties; foreign operations risks; and other risks inherent in the mining
industry. Although Halcones has attempted to identify important factors that could cause actual
results to differ materially from those contained in 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 such information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward -looking information. Halcones does not undertake to
update any forward-looking information, except in accordance with applicable securities laws.
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ADEQUACY OR ACCURACY OF THIS RELEASE.