Hawkmoon Resources Corp. (OTCMKTS:HWKRF) Set to Commence 5000-Metre Drill on the Wilson Gold Project

Hawkmoon Resources Corp. (OTCMKTS:HWKRF) has finished the initial cost projections for its 5,000-metre drill program on the Wilson Gold Project. The Project is situated in the Verneuil Township, fifteen kilometers east of the town of Lebel-sur-Quévillon. The program is set to begin from July 2022.

Market Reaction

On Tuesday, HWKRF stock ended flat at $0.0635 with 5K shares, compared to its average volume of 810 shares. The stock moved within a range of $0.0635 – 0.0635 after opening trade at $0.0635.

Hawkmoon has proposed a considerable surface exploration program on Wilson (Trenching). The Trenching is set to examine a series of targets of interest in underexplored areas of the Project. Gold showings are present at the interface of volcanic rocks and a gabbro sill. These rocks have been folded into a large structure with both the Toussaint and Midrim gold showings situated on the southern limb of this fold structure.

The Trenching will focus on the northern part of the fold structure, along with other targets. The northern area is more cost effective to trench clear the surface cover in the first phase. The drill program will be modified if targets are found.  This is the 2nd diamond drill program to be completed by the company on Wilson.

As of now, Hawkmoon is actively engaged in finalizing the budget for the drill program – the company intends to finish as much work as possible with the allotted funds.  The Diamond Drilling, Surface Program, and General Costs approximately add up to $949,191. A primary drill permit has been submitted, but the company has to apply for a second one as the Midrim is partially classified as a wetland environment.


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