Halcones Precious Metals Corp. (TSX – V: HPM) (the “Firm” or “Halcones”) is happy to announce extra outcomes from the current subject program on the Polaris gold undertaking, Chile (“Polaris” or the “Mission”). Polaris is a big, extremely potential gold undertaking that has by no means been drilled. No fashionable exploration has been carried out up to now aside from primary rock sampling and mapping. Floor bedrock sampling carried out by Halcones’ geologists has prolonged the strike size of a development of assay outcomes, comprising greater than 400 rock samples, many grading larger than 1g/t gold, to three.9 km. This development stays open for an additional 2km to the north and 1.5 km to the south earlier than reaching property boundaries.
In response to Ian Parkinson, CEO of Halcones, “It’s exceedingly uncommon to see such an intensive and extremely mineralized gold development that has by no means been drilled. In additional than ten years as a senior mining analyst for main monetary establishments, there’s not a single undertaking I’ve seen that reveals such in depth mineralization in outcrops and no historical past of systematic exploration. We’re very excited by the prospectivity of this undertaking”.
Halcones’ geologists current subject work was centered on mapping and sampling a precedence space inside the North Zone (Determine 1) leading to an expanded precedence goal. This space has persistently returned excessive grade outcomes from floor sampling. A number of extremely potential drill targets have been outlined by way of this sampling program within the North Zone (see Determine 2). Sampling accomplished by the Firm has elevated the gold mineralized footprint by roughly 210% from the world first noticed by the optionors of the Mission. Firm geologists imagine that the North and South Zones could merge right into a single massive gold anomaly, additional rising the potential of the Mission. Sampling is proscribed within the space between the North and South Zone because of the presence of skinny overburden cowl. The following part of exploration will give attention to higher defining the extension of the anomalous gold on this space to verify the present geological interpretation of the sector group. Extra sampling to discover and develop the anomaly to the north and east will even be performed as a part of the subsequent stage of exploration.
Highlights:
- Choose highlights from the final batch of 44 assays embody 29.04, 10.67, and three.54 g/t Au, hosted primarily in stockwork (see Figures 3 & 4). These outcomes are along with the 20.05, 13.08, 8.54 and 6.67 g/t Au beforehand reported (see February 4th,2025 press launch for particulars). The samples consisted of steady 1m lengthy chip samples to make sure consultant sampling. This system prioritized sampling of stockwork versus bigger quartz veins. Gold bearing stockwork (see Figures 3 & 4) at floor has been sampled over roughly a 250m X 500m space and the boundaries of this mineralized zone are unknown. A number of high-grade goal areas have been recognized. Nevertheless, your complete space could characterize a big, bulk minable goal if continuity between bedrock samples is established. See Determine 2 for areas of samples.
- The North Zone pattern space with the best focus of high-grade floor samples has been expanded to the South. Sampling by Halcones’ geologists returned values in line with work performed by the optionors of the Mission and prolonged the identified space of high-grade mineralization to greater than double that beforehand outlined. The approximate floor space of this goal containing a number of floor samples above 1 g/t is 12.3 hectares.
- Excessive grade mineralization continues to exhibit a robust structural management. Within the reported sampling space (Determine 2), excessive grade samples proceed to happen on the southwest aspect of a structural break. Roughly 40% of the floor space within the northwest portion of the Mission space has a skinny layer of colluvial cowl and this has seen restricted sampling. The Firm plans to develop its sampling by way of this skinny cowl when approvals are in place.
- Halcones believes there’s potential for a bigger tonnage floor deposit of vein and stockwork hosted mineralization inside the extremely fractured granodioritic rocks adjoining to fault splays related to the continental scale, Atacama Fault System within the space. In depth gold mineralization has been recognized by floor bedrock sampling over 3.9 km of strike size alongside these buildings on the property up to now.
Ian Parkinson, CEO and Director of Halcones:
“We’re very excited by the outcomes of our first subject program at Polaris. These outcomes have confirmed what we had hoped for at Polaris. In just a few weeks of subject work we’ve got materially expanded the preliminary areas of curiosity and a number of other very clear targets for future drilling have emerged. It’s uncommon to see such broad anomalous gold at floor. A lot of the Mission space stays sparsely sampled and mapped. Our technical group is at present planning to get again into the sector”.
About The Latest Area Program:
The had been two predominant aims of the sector program.
1) Develop the footprint of the identified mineralization within the Northwest nook of the North Zone (See Determine 1).
2) Take a look at and higher outline the extent of mineralized stockwork as a decrease grade bulk tonnage alternative adjoining to the identified vein hosted mineralization.
This primary subject program has efficiently expanded the floor space of mineralization (see Determine 2) and confirmed the presence of intensive stockwork hosted gold mineralization at floor.
Sampling beforehand carried out on Polaris recognized the northwest part of the North Zone as a precedence space (see Determine 1). In current subject work, Halcones’ geologists elevated the density of sampling and expanded the floor footprint of sampling on this precedence space (see Determine 2). Halcones’ geologists took a complete of 140 samples throughout the current subject marketing campaign. All assays from this program have been obtained, of which 31 returned values above 1 g/t Au.
This sampling program has efficiently expanded the floor expression of the work accomplished beforehand on Polaris. Moreover, stockwork mineralization has been confirmed over a broader space. The presence of mineralized stockwork over an intensive space helps Halcones’ geologist interpretation that bulk tonnage deposit potential exists at Polaris. Sampling has been restricted in sure areas because of the presence of a skinny layer of colluvial cowl. Sampling applications are being deliberate to check bedrock under this this cowl.
Halcones’ geologists have been working with a geological mannequin that Polaris holds potential for a large-scale bulk tonnage open pit operation. The presence of mineralization in stockworks within the wall rocks away from the traditionally mined, mineralized veins is a vital part of this mannequin that’s current at Polaris. This stockwork is believed to have an analogous genesis to the vein hosted mineralization beforehand exploited by artisanal miners however was by no means focused. The stockwork mineralization isn’t visually apparent as a result of a normal lack of related sulfide minerals. The 17 identified small scale mines within the Mission space exploited very high-grade veins with no give attention to the stockwork adjoining to the veins.
Determine 1: Polaris Mission sampling has recognized gold mineralization over a 3.9 km extent in an space that has by no means been drilled.
Determine 2: Polaris North Zone subject program outcomes with current assays represented.
The celebs are Halcones’ samples, the dots are samples by the optionors.
Determine 3: Instance of typical mineralized stockwork in outcrop. The rock is very transected by randomly oriented hairline fractures that generally include sub-millimetre to a number of millimetre quartz veins which are thought to include the gold. The host is often tonalite to granodiorite, which has been fractured adjoining to the fault programs within the space. Visually, there are few indications of mineralization.
Determine 4: Instance of stockwork mineralization exhibiting bigger quartz veinlets. The mineralized rock is characterised by a number of veinlets and fractures at varied orientations.
About The Sampling Course of
Utilizing a hammer and a rock chisel, a chip pattern is carried out uniformly over at the least 1 meter sections, guaranteeing full assortment and homogeneity with a view to obtain correct illustration of the pattern. The pattern is collected perpendicular to the dominant strike of the buildings and the pattern mass should be a minimal of two kg. Within the occasion that the outcrop presents some mineralized construction, an impartial pattern will probably be taken solely from the mineralized construction and an impartial pattern from the host rock on either side of the construction. This course of is designed to restrict bias as a result of excessive grading pattern assortment.
All samples had been bagged and sealed on web site and delivered instantly by the Mission Geologist to ANDES ANALITYCAL ASSAY Laboratory in Copiapó, Chile. After pattern preparation at ANDES ANALITYCAL ASSAY Laboratory in Copiapó, cut up pulp samples had been shipped to ANDES ANALITYCAL ASSAY in Santiago, Chile for assaying gold by hearth assay (AEF_AAS_1E42-FF), and for analyzing 34 different parts, together with silver, by 4 acids (ICP_AES_AR34m1).
ANDES ANALITYCAL ASSAY is an impartial laboratory licensed with a worldwide high quality administration system that meets all necessities of Worldwide Requirements ISO/IEC 17025:2017, consists of its personal inner high quality management samples comprising licensed reference supplies, blanks, and pulp duplicates.
Certified Particular person
The scientific and technical info on this information launch has been reviewed and accredited by Mr. David Gower, P.Geo., as outlined by Nationwide Instrument 43-101 of the Canadian Securities Directors.
About Halcones Valuable Metals Corp.
Halcones is concentrated on exploring for and growing gold-silver initiatives in Chile. The Firm has a group with a robust background of exploration success within the area.
For additional info, please contact:
Vincent Chen, CPA
Investor Relations
vincent.chen@halconespm.com
www.halconespreciousmetals.com
Cautionary Be aware Relating to Ahead-looking Data
This press launch accommodates “forward-looking info” inside the that means of relevant Canadian securities laws. Ahead-looking info consists of, with out limitation, relating to the prospectivity of the Mission, the mineralization of the Mission, the Firm’s exploration program, the Firm’s skill to discover and develop the Mission and the Firm’s future plans. Usually, forward-looking info might be recognized by way of forward-looking terminology resembling “plans”, “expects” or “doesn’t anticipate”, “is predicted”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “may”, “would”, “would possibly” or “will probably be taken”, “happen” or “be achieved”. Ahead- wanting info is topic to identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, degree of exercise, efficiency or achievements of Halcones, because the case could also be, to be materially totally different from these expressed or implied by such forward-looking info, together with however not restricted to: normal enterprise, financial, aggressive, geopolitical and social uncertainties; the precise outcomes of present exploration actions; dangers related to operation in overseas jurisdictions; skill to efficiently combine the bought properties; overseas operations dangers; and different dangers inherent within the mining business. Though Halcones has tried to establish vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There might be no assurance that such info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking info. Halcones doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.
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