21:33:41 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Hawkmoon talks future plans in CEO letter

2022-04-06 18:13 ET - Shareholders Letter

Mr. Branden Haynes reports

HAWKMOON RESOURCES APRIL 2022 CORPORATE UPDATE

Hawkmoon Resources Corp. has provided the following letter to stakeholders from its chief executive officer and founder, Branden Haynes.

Dear stakeholders,

This month marks the one-year anniversary of Hawkmoon becoming a public company. The company is looking forward to commencing drilling on its key gold project, Wilson, this July. Until then, Hawkmoon's market performance could see pressure due to a lack of news and activity.

What is important to remember is understanding how junior mining stocks function. Investments related to juniors are high risk as they are new in the market and do not yet have a proven asset base. Juniors in the exploration phase might not find any resources at all. On the other hand, the potential is there for great reward and huge excitement if the exploration and development is successful. One rule of thumb is that you have to look at 1,000 anomalies to find one prospect. And fewer than one prospect in a thousand turns into a mine. In other words, finding a mine is a million-to-one shot.

With risk assessment in mind, it is also important to look at the positives related to Hawkmoon.

The company's projects are located in Quebec, which is a stable political region and mining-friendly jurisdiction.

The Wilson gold project is in an area with geology that is similar to that of nearby producing mines and deposits such as Osisko Mining's Windfall deposit that features a mineral resource estimate of 9,472 metric tonnes at 10.5 grams per tonne (g/t) gold (measured and indicated) and a mineral resource estimate of 13,035 metric tonnes at 8.6 g/t gold (inferred).

The company has a strong balance sheet and no debt.

Strong partnership with Wilson's property vendor, Cartier Resources Inc.

When investing in a junior exploration company such as Hawkmoon, please keep in mind that you need to arm yourself with patience and be willing to allow a given investment months and even years to play itself out. Good management needs time to execute and resource exploration is a tough business.

In closing, I would like to thank our talented technical and corporate teams for their diligence and hard work and all of our shareholders, new and old, for their trust and support. We are looking forward to keeping you updated on our progress on Wilson this coming summer.

Kindest regards,

Branden Haynes, chief executive officer and founder

About Hawkmoon Resources Corp.

Hawkmoon is focused entirely on its two Quebec gold projects. The Wilson gold project is located in one of the world's largest gold-endowed areas, the Abitibi greenstone belt. The Wilson project is accessed by government-maintained roads and is in close proximity to the east of the town of Lebel-sur-Quevillon. The second project is situated in the Belleterre gold camp southwest of Val d'Or.

Qualified person

The technical information in this news release has been reviewed and approved by Thomas Clarke, PGeo, PrSciNat. Mr. Clarke is a qualified person under National Instrument 43-101 and is a director and the vice-president of exploration for Hawkmoon.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.