Crux Investor: Historic Utah Copper District Gets New Life with Fresh Approach

Hawk Resources is exploring for medium-tonnage, high-grade copper deposits at the Cactus project in Utah, with historical grades of 2% copper and gold/silver credits.

• The company is using advanced geophysical techniques, soil sampling, and structural analysis to identify promising targets that resemble the historical Cactus mine deposit.

• Recent drilling at the New Years prospect yielded significant copper intercepts, including 30m at 0.8% copper and 26m at 1.3% copper, both near surface oxide deposits.

• The company has identified 12 magnetic anomalies with similar signatures to the Cactus deposit, which they believe could form a cluster of economically viable deposits.

• Hawk Resources plans to complete electromagnetic surveys and soil sampling by the end of March 2025, with target selection by mid-May and drilling in the middle of the year.

In a recent interview, Scott Caithness, Managing Director of Hawk Resources, provided an update on the company's copper-gold exploration activities at the Cactus project in Utah. He explained Hawk's exploration model, recent findings, and future plans for developing what could be a cluster of medium-tonnage, high-grade copper deposits.