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Earthwise Minerals Corp C.WISE

Alternate Symbol(s):  HWKRF

Earthwise Minerals Corp is a Canada-based gold exploration company. The Company is focused on identifying, acquiring and developing undervalued projects. The Company is 100% focused on its Wilson Gold Project that’s situated in the Abitibi Greenstone Belt in Quebec. The Wilson property is located in the Verneuil Township of Quebec, approximately fifteen kilometers east of the town of Lebel-sur-Quevillon with Val d’Or situated approximately 150 kilometers southwest. Wilson consists of 42 contiguous mining claims totaling approximately 1,660 hectares.


CSE:WISE - Post by User

Post by alphaflighton May 03, 2022 9:41am
454 Views
Post# 34650660

Hawkmoon Completes Payment and Share Issuance for Wilson

Hawkmoon Completes Payment and Share Issuance for Wilson


Hawkmoon Completes Year 1 Anniversary Payment and Share Issuance for Wilson
 
May 3, 2022 – Vancouver, British Columbia – Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) (“Hawkmoon” or the “Company”) announces that, pursuant to its option (the “Option”) respecting the Wilson Gold Project (“Wilson” or the “Project”), the Company has issued 700,000 common shares to Cartier Resources Inc. (“Cartier” or the “Optionor”) and paid $150,000 in cash to Cartier. In order to satisfy its “year 1” obligations under the Option, Hawkmoon is required to complete 3,000 metres of diamond drilling on Wilson as indicated in Table 1 below. To date, the Company has completed 5,000 metres of drilling for a cost of approx. $800,000, with another 5,000 metres planned for this summer.
 
Table 1. Hawkmoon option to acquire 100% of Wilson from Cartier
TIME CASH PAYMENTS SHARES ISSUED WORK PROGRAM DRILLED METRES
Upon Execution $200,000 700,000 N/A N/A
Year 1 Anniversary $150,000 700,000 $750,000 3,000
Year 2 Anniversary $150,000 800,000 $750,000 3,000
Year 3 Anniversary $250,000 800,000 $1,000,000 4,000
Year 4 Anniversary $250,000 1,000,000 $1,500,000 6,000
Year 5 Anniversary N/A 1,000,000 $2,000,000 8,000
Totals $1,000,000 5,000,000 $6,000,000 24,000
 
“Hawkmoon Resources is pleased to be the first company to option one of Cartier’s properties”, stated Branden Haynes, President of Hawkmoon. “Over the years, Cartier has assembled an impressive collection of gold projects in Quebec, and we firmly believe that Wilson is one of them. The Company has an excellent working relationship with Cartier and appreciates their support”, added Mr. Haynes.
 
About Hawkmoon Resources
Hawkmoon is focused entirely on its two Quebec gold projects. Wilson Gold Project is located in one of the world’s largest gold endowed areas, the Abitibi Greenstone Belt. The Wilson is accessed by government-maintained roads and is in close proximity to the east of the town of Lebel-sur-Quvillon. The second project is situated in the Belleterre Gold Camp southwest of Val-d’Or.

For more information, review the Company’s filings available at www.sedar.com.
 
Qualified Person
The technical information in this news release has been reviewed and approved by Thomas Clarke P.Geo., Pr.Sci.Nat. Mr. Clarke is a “Qualified Person” under NI 43-101 and is a Director and the Vice President Exploration of Hawkmoon.
 
HAWKMOON RESOURCES CORP.,
ON BEHALF OF THE BOARD

"Branden Haynes"
Branden Haynes, Chief Executive Officer


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