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- Exploration company Hawkstone Mining (HWK) has entered back-to-back trading halts as it gets ready to announce a capital raise
- The halts will last until October 30 at the latest, unless the company decides to announce the details of the raise early
- The capital raise comes as Hawkstone recently announced plans to acquire the Devils Canyon Gold Project in Nevada, U.S.
- Rock chip samples at the project have yielded 92.2 g/t gold, 59.2 g/t silver, 5.62 per cent copper and 4.81 per cent zinc
- Additional rock sampling has been undertaken at the site, with drilling slated for next year
- Shares in Hawkstone last traded for 1.4 cents each on October 23
Hawkstone Mining (HWK) has entered back-to-back trading halts as it gets ready to announce a capital raise.
The trading halts will last until Friday, October 30, at the latest, unless the company decides to announce the details of the raise early.
The equity raising comes as Hawkstone recently announced plans to acquire the Devils Canyon Gold Project in Nevada, U.S.
Devils Canyon contains six bureau of land management claims and will increase HWK’s landholding at the site by 1500 per cent.
The exploration stock has already analysed 14 rock chip samples from the project, uncovering 92.2 g/t gold, 59.2 g/t silver, 5.62 per cent copper and 4.81 per cent zinc.
Hawkstone has also carried out additional rock sampling and announced plans to undertake drilling at Devils Canyon in the first half of 2021.
The company is also focused on finishing up a drilling program at its Lone Pine Gold Project in Idaho, U.S.
Before today’s trading halts came into effect, shares in Hawkstone Mining were trading for 1.4 cents each on Friday, October 23.
