Hawkmoon Resources Corp. (CSE:HM; FSE:966) has entered into a purchase option agreement to acquire a 100% interest in the Wilson East Property in Quebec.
The strategic acquisition. Will expand its existing land interest to the east of the Wilson property.
Wilson East is composed of six claims totalling approximately 338 hectares and situated 15 km east of the town of Lebel-sur-Quévillon, Québec and 170 km northeast of the city of Val-d’Or.
Hawkmoon President, Branden Haynes, said the new claims are prospective for gold mineralisation and have been drilled. The primary areas of interest range from the Verneuil-Serem Ouest showing eastwards along a sheared contact between the volcanics and gabbro.
Pursuant to the Agreement, the company may acquire a 100% interest in the Property by issuing an aggregate of 400,000 shares and making aggregate cash payments of $86,000 over a period of three years.
On completion of the earn-in, the optionors will retain a net smelter return of 1.5%, 0.5% of which may be purchased by Hawkmoon for $600,000.
“We are very pleased to enter into a purchase option agreement related to these new claims, as they are contiguous to our Wilson property. This opportunity reinforces our focus on the Quévillon area. The claims appear prospective for gold exploration,” Mr Haynes said.
For further information please visit: https://hawkmoonresources.com/