Hanstone Gold Provides Shareholder Update on Its Doc and Snip North Properties in the Golden Triangle of Northern BC

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) ("Hanstone" or the "Company"), is pleased to provide an update on its Doc and Snip North properties and the Company’s plans for further exploration, core drilling, airborne geophysical surveys and additional bulk sampling development on the properties. The properties are located within the prolific mineralized region known as the Golden Triangle of Northern BC.

DOC PROPERTY
Processing and shipment of two, 1 ton bulk samples collected on the DOC property during the 2021 field season on the Q19 and TRJC vein systems has been completed. The remainder of the bulk sample crush will be reserved for potential metallurgical testing. Preliminary bulk sample geochemical analysis returned positive results from Q19 and TRJC targets. The reported grades to date demonstrate repeatable and consistent results. The bulk of the assays remain pending, including additional results from silver and copper assays.

Additional bulk sampling is also being considered for the 2022 exploration season on the Q19 and other Doc vein systems. Existing underground workings on the Doc Property are also high priority targets for the proposed 2022 bulk sampling project. The company has the right to earn a 100% interest in the DOC property.

SNIP NORTH PROPERTY
As announced on October 5, 2021, Hanstone contracted Axiom Exploration Group Ltd. for the collection and processing of airborne magnetic data over the Company’s 100% owned Snip North Project proximal to the Snip Mine, British Columbia. This survey is intended to delineate magnetic low anomalies for future ground evaluation of potential gold mineralization. On the Doc Property, magnetic lows are known to be coincidental with verified mineralized targets. Geophysical results remain pending.

The airborne magnetic survey will provide high resolution tri-axial array magnetic gradient results expected to be followed up in the 2022 field season. Hanstone plans to use the data to evaluate any coincidental gossanous zones, and to compare with other nearby prospective areas with the same signature. The Company will also use this information to explore and evaluate nearby historical showings on the Snip North property.

2022 FIELD SEASON PROGRAM

Plans for the 2022 Drill program are currently being assessed pending receipt of all data generated in the 2021 field season. Due to the current global pandemic, delivery of materials and assay results has been delayed. Plans for the 2022 field season, weather condition permitting, are expected to include provisions for the following: