Q1 2025 Exploration Report on the Cactus Copper-Gold Project, Utah, USA
Please see attached Hawk Resources’ (ASX: HWK) report on exploration carried out on the Cactus copper-gold project in Utah during the first quarter of 2025.
HIGHLIGHTS
During the quarter Hawk has identified eight targets at its Cactus copper-gold project in Utah, USA following IP and EM geophysical data modelling and portable XRF (pXRF) assays on soil samples.
Cactus-Comet zone soils grade up to 0.9% copper (Cactus historically mined grades of 2.07% copper) and lab gold assaying is in progress to assess Comet gold mineralisation where historical holes and surface rock samples include:
Hole PCT04-1: 16.8m @ 1.15g/t gold from 1.5m downhole
Hole PCT04-1A: 25.9m @ 1.53g/t gold from surface
Hole PCT04-3: 18.3m @ 0.88g/t gold from surface
Rock sampling traverse: 32.0m @ 2.15g/t gold
Rock sampling traverse: 16.7m@ 2.6g/t gold
The N-1 and N-3 copper soil anomalies grade up to 615ppmm and 875ppm copper, more than 10x the background grade of ~60ppm copper, and coincide with structure intersections plus magnetic and chargeability anomalies.
The N-2 anomaly sits on a structure within landslip scree, grades up to 525ppm copper (8x background) and coincides with a magnetic low.
• NYW is a magnetic low sitting on a structure 100m west of the New Years prospect where soils grade up to 0.3% copper (54x background).
• The Northern intrusive target immediately northwest of New Years has a coincident +50mV chargeability anomaly (+10 times background) and is ringed by the New Years, NYW, N-1, N-2 and N-3 magnetic lows and copper in soil anomalies on its southern and western margins.
• The CZ-6 target has soils grading up to 0.1% copper (16x background) coincident with a +50mV chargeability anomaly sitting between the CZ-5 and SZ-1 magnetic low anomalies.
Cautionary Statement: In relation to the disclosure of pXRF results, the Company cautions that estimates of copper mineral abundance from pXRF results should not be considered a proxy for quantitative analysis of a laboratory assay result. Assay results are required to determine the actual widths and grade of the mineralisation. Some variation from results presented in this announcement would be expected from laboratory analysis.
