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    HM   CA4203221094

HAWKMOON RESOURCES CORP.

(HM)
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Hawkmoon Starts Drill Program on Gold-Bearing Lavallee Shear Zone in Belleterre Gold Camp Quebec

10/27/2021 | 08:16am EST

BRITISH COLUMBIA - Hawkmoon Resources Corp. (CSE: HM; FSE: 966) ('Hawkmoon' or the 'Company') is pleased to announce that it has commenced drilling on the 48-claim Lava Gold property situated approximately 20 kilometres west of Belleterre in the Abitibi-Temiscamingue region of Quebec.

The Property covers the Lavallee 38, 39, 40 and 41 showings, which expose multiple quartz veins, breccias and stockworks within the northeast trending Lavallee Shear Zone (the 'LSZ'). The Property is located to the west of the Belleterre gold mining camp and its greenstone belt and is underlain by tonalite that might host potential orogenic gold type mineralization.

The 10-hole, 1000-metre drill program will target the LSZ over a 400-metre horizontal distance down to a maximum vertical depth 100 metres. Only one of three holes drilled in this area in 2007 intersected the LSZ with an interval of 0.6 grams per tonne gold over 11.4 metres from 8.64 metres1. The other two holes missed the zone completely. Hawkmoon engaged a geophysical consultant to complete 2-D modelling of the 2007 induced polarization and resistivity data2. This interpretation work has very precisely defined a chargeability zone that appears to correspond to the downward extent of the LSZ on surface. The drilling will test this chargeability zone for gold mineralization at regular intervals along the trend of the LSZ.

Branden Haynes, President of Hawkmoon, states 'We are very pleased have started a drill program on the Lava project within only two months of completing the drilling at our flagship Wilson project.'

About Hawkmoon Resources

Hawkmoon is focused entirely on its three Quebec gold projects. Two of these projects are in one of the world's largest gold belts, the Abitibi Greenstone Belt. Both these gold projects are accessed by government-maintained roads and are in close proximity to each other east of the town of Lebel sur Quevillon. The third project is situated in the Belleterre Gold Camp southwest of Val-d'Or.

Forward Looking Statements

This news release contains certain forward-looking statements. The use of the word 'expected', 'projected', 'pursuing', 'plans' and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding: the Company's drill program at the Property and the potential for orogenic gold-type mineralization being found in tonalite underlying the Property. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.

Contact:

Branden Haynes

Tel: 604-817-1595

Email: branden@hawkmoonresources.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 - - -
Net income 2021 -0,45 M -0,36 M -0,36 M
Net cash 2021 0,79 M 0,63 M 0,63 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 6,49 M 5,18 M 5,15 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float -
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Managers and Directors
Branden Haynes President, Chief Executive Officer & Director
Geoffrey Balderson Chief Financial Officer, Secretary & Director
Hugh Oswald Independent Director
Thomas W. Clarke Director & Vice President-Exploration
ClÚmence Bertrand-Bourlaud Vice President-Investor Relations