Halcones Precious Metals Provides Update ON Polaris GOLD Project, Antofagasta Region Chile
HALCONES PRECIOUS METALS PROVIDES UPDATE ON POLARIS GOLD PROJECT, ANTOFAGASTA
REGION CHILE
TORONTO, ONTARIO June 3 2025 – Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or
“Halcones”) is pleased to provide an update on progress at its Polaris Gold Project (the “Project” or
“Polaris”). Halcones’ geologists continue field work at Polaris in preparation for the initial drill program at
the Project. Recent work has been primarily focused on detailed structural and alteration mapping and
fine tuning the geologic understanding of mineralization controls. This improved geological interpretation
will guide the forthcoming drill program, which will be the first drilling by the Company at the Polaris
Project.
Halcones’ focus has been on the Northwest section of the North Zone. The North Zone demonstrates a
dense concentration of high-grade, outcropping gold samples over an area of at least 400 m by 250 m
with many assays above 10 g/t gold (figure 1). The Company is planning an initial drill program of 8 holes
to test the continuity of this vein and stockwork hosted mineralization at depth. Drilling will target near-
surface mineralization with the holes planned to a depth of approximately 130 m below surface. Follow-
up drilling will be planned based on results.
Figure 1. Planned Drill Program North Zone
Ian Parkinson, CEO and Director of Halcones, states: “Our excitement towards the exploration potential of
the Polaris project continues to grow. We have demonstrated extensive, exceptionally high-grade gold
values at surface over a broad area in an area that has never been drilled. Gold is present in structures at
surface including veins and stockwork , the planned drill program will test the continuity of this
mineralization at depth.”
Figure 2. North Zone Assay Results
The Company interprets that Polaris holds potential for a large-scale bulk tonnage open-pittable deposit.
Gold mineralization hosted in extensive stockworks within the wall rocks adj acent to and between the
historically mined, mineralized veins is crucial evidence of the large -scale potential at Polaris. Th e
stockwork mineralization is believed to have a similar genesis to the vein hosted mineralization previously
exploited by artisanal miners but was never targeted because it is not visually obvious due to a general
lack of associated sulfide minerals. The 17 known past producing small scale mines in the Project area
exploited very high-grade veins with no focus on the rocks adjacent to the veins.
Polaris Project Highlights
• 5,778 ha property proximal to 17 past producing high grade mines that were focused on larger
veins and structures dating back to the 1920-30s;
• Despite a history of widespread mining there has been little modern -day exploration and no
evidence of any exploration drilling;
• Select outcrop chip samples include 29.04, 20.05, 13.08, 10.67, and 8.54 g/t Au, hosted primarily
in stockwork (previously reported);
• A total of 490 o utcrop samples have been taken at Polaris. Results to date have demonstrated
gold values of more than 1 g/t over a strike length of 3.9 km (figure 3). Much of Polaris remains
unexplored and potential exists for additional targets to be identified; and
• The Project is road accessible and at a modest elevation and is accessible 12 months of the year.
Polaris is located near the town of Taltal, Chile.
Next Steps
Halcones management is presently negotiating access agreements with surface landowners to secure
access for drilling. Once access is granted, m inor prep work is required in advance of the start of the
diamond drill program. The North and South zones are immediate priorities for drill testing. The Halcones
technical team continues to explore Polaris with the aim of expanding the gold mineralization and
prioritizing targets.
Figure 3 Polaris Sample Area
About The Sampling Process
Using a hammer and a rock chisel, a chip sample is carried out uniformly over at least 1 meter sections,
ensuring complete collection and homogeneity in order to achieve proper representation of the sample.
The sample is collected perpendicular to the dominant strike of the structures and the sample mass must
be a minimum of 2 kg. In the event that the outcrop presents some mineralized structure, an independent
sample will be taken only from the mineralized structure and an independent sample from the host rock
on both sides of the structure. This process is designed to limit bias due to high grading sample collection.
All samples were bagged and sealed on site and delivered directly by the Project Geologist to ANDES
ANALITYCAL ASSAY Laboratory in Copiapó, Chile. After sample preparation at ANDES ANALITYCAL ASSAY
Laboratory in Copiapó, split pulp samples were shipped to ANDES ANALITYCAL ASSAY in Santiago, Chile
for assaying gold by fire assay (AEF_AAS_1E42 -FF), and for analyzing 34 other element s, including silver,
by four acids (ICP_AES_AR34m1).
ANDES ANALITYCAL ASSAY is an independent laboratory certified with a global quality management
system that meets all requirements of International Standards ISO/IEC 17025:2017 , includes its own
internal quality control samples comprising certified reference materials, blanks, and pulp duplicates.
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. As a
consultant to Halcones, Mr. Gower is not considered independent.
About Halcones Precious Metals Corp.
Halcones is focused on exploring for and developing gold-silver projects in Chile. 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
A qualified person, as defined in National Instrument 43 -101, has not done sufficient work on behalf of
Halcones to classify any historical grades, production or results reported above as current mineral
resources or mineral reserves. The historical data should not be relied upon.
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 Proj ect, the Company’s exploration program, the
Company’s ability to explore and develop 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”, “forecasts”, “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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