Hawkmoon Resources is homing in on gold in the Abitibi Greenstone Belt region of Quebec, one of the most prolific gold districts in the world.

  • Three exploration projects in Quebec
  • Favorable mining jurisdiction (ranked 4th by Fraser Institute)
  • Romeo project adjacent to Osisko Mining’s Windfall deposit

What Hawkmoon Resources does

Hawkmoon Resources Corp (CSE:HM) is set on unlocking the potential of undervalued projects in Quebec’s Abitibi Region, an area that has housed more than 100 mines and produced in excess of 170 million ounces of gold.

Presently, the company has three exploration stage properties, Wilson, Romeo, and Lava.

Wilson is situated 15 kilometers (km) east of Lebel-sur-Quévillon in the historical mineral-rich Abitibi greenstone belt. The property consists of 42 contiguous claims covering a surface area of 1,660 hectares.

Hawkmoon has classified Wilson as an advanced property with a historical deposit and 107 previous drill holes. Gold mineralization occurs in high-grade quartz veins within shear zones and features a cluster of seven gold showings.

To date, more than 16,000-plus meters have been drilled at the property, with key historical intercepts as high as 64.6 grams per ton (g/t) over 0.4 meters (m). The historical property grade is 7.6.

In an option agreement penned in early 2021, Hawkmoon Resources earned the option to acquire 100% of the Wilson gold project from Cartier Resources (CVE:ECR) over five years.

Hawkmoon’s Romeo property is located near the Belmont township of Quebec, and borders Osisko Mining’s (TSE:OSK) Windfall deposit estimated to hold more than five million ounces of gold and 1,224,453 total meters drilled.

Romeo is comprised of 53 claims equating to roughly 2,984 hectares. Extensive trenching on the eastern portion of the property led to the discovery of five shear zones.

Initial work began at Romeo in 2019 in two phases.  A second work program was completed in 2020, which included soil sampling in the southwestern area as well as a trenching program in an area of mafic volcanics in the eastern area.  This trenching led to discovering a series of five parallel shear zones in the eastern portion of the property.

According to the explorer, initial evidence appears to suggest a more than 40-foot shear on Romeo could represent a surficial expression of what Osisko has named ‘Bank Fault.’ Additionally, an outcrop just east of Romeo, on Osisko’s property, appears prospective. Hawkmoon seeks to trace this outcrop westwards on to its property.

Like Wilson, Hawkmoon Resources has the option to acquire 100% of the Romeo Property from North American Exploration over three years.

In May 2021, The Quebec-focused company also earned the option to acquire 100% of the Lava gold project from Breakaway Exploration, located 15 km east of Belleterre.

The Lava property contains 41 mineral claims totaling approximately 2061 hectares. The project is neighbored by both Osisko and Vior Inc (CVE:VIO). Initial showings on the property consist of deformed quartz veins, breccias and mineral stockworks.

As Hawkmoon pointed out, Lava has undergone previous historical drilling.

How is it doing

2021 has been an active time for Hawkmoon, which saw its shares commence trading on the Canadian Securities Exchange in mid-April. Simultaneously, Hawkmoon raised $750,000 through an initial public offering (IPO).

The introduction to the CSE was followed up by Hawkmoon’s Börse Frankfurt listing, under the symbol FRA:966.

In terms of project news, Hawkmoon applied for a diamond drill permit on May 11, 2021, for its Wilson property. The goal of the drill program is to test several historical drill intercepts from both the Toussaint and Midrim showings.

There will also be an examination into the potential for connecting the two showings, as well as an effort to see if the Toussaint showing can be extended to the west and Midrim to the east.

Hawkmoon hired Faubert et Fils shortly after, to drill 5,000 meters 29 diamond drill holes on the Wilson property over the summer.

On a corporate level, Clémence Bertrand was appointed as vice-president of investor relations in early June. Her company biography notes that Bertrand previously spent seven years as a marketing and investor relations manager for a TSX and Nasdaq-listed company.

In the role of VP of investor relations for Hawkmoon, she will be responsible for ensuring effective communication between the company and the financial community and will manage the company’s social media presence while providing French translation services for marketing materials.

Inflection points

  • Continuous work programs across Hawkmoon’s portfolio
  • Release of project updates and drill results over the next several months
  • Rising gold price

What the boss says

Commenting on the engagement of a diamond driller, Branden Haynes, president of Hawkmoon said in a statement: “We are excited to have sourced such an experienced and well-respected diamond driller for Hawkmoon’s first drill program on our Wilson property. Once the drill permit is received and the Driller is available, we anticipate collaring our first drill hole by the middle July.”

Haynes also offered some commentary on the appointment of Bertrand as VP investor relations.

“The company is looking forward to working with Ms. Bertrand. She is a skilled communicator and her French language skills will be invaluable as the Company continues to build relationships in Québec,” he said.