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    HANS   CA4113511097

HANSTONE GOLD CORP.

(HANS)
Delayed Bourse de Toronto  -  05/18 10:43:06 am EDT
0.1500 CAD    0.00%
05/05Hanstone Gold Highlights Results of Triaxial Magnetic Survey on Doc, Snip North Properties
MT
05/05Hanstone Gold Corp. Announces Results of the Triaxial Magnetic Survey Outlining Additional Prospective Targets on Its Doc and Snip North Properties
CI
05/05Hanstone Gold Announces Results of the Triaxial Magnetic Survey Outlining Additional Prospective Targets on its Doc and Snip North Properties
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Hanstone Gold Corp. Provides Shareholder Update on its Doc and Snip North Properties in the Golden Triangle of Northern BC

01/19/2022 | 10:49am EDT

Hanstone Gold Corp. provided 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 reported grades 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 2022 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 Second Quarter 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.


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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 5,86 M 4,57 M 4,57 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 70,7%
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Managers and Directors
Raymond Marks President & Chief Executive Officer
Jennifer L. Boyle Chief Financial Officer
André Jean Douchane Executive Chairman
James B. P. Engdahl Independent Director
Gary L. Billingsley Independent Director
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