Hawk Resources (ASX:HWK) Hits Shallow Copper-Gold-Silver Along Cactus Corridor

Aditi Sarkar

27 October 2026 10:29 PM AEDT

Hawk Resources (ASX:HWK) Hits Shallow Copper-Gold-Silver Along Cactus Corridor

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Highlights

Seven of ten diamond holes returned copper-gold-silver mineralisation.
DD26CT008 returned 19.7 m at 1.2% Cu, 1.4 g/t Au and 24 ppm Ag.
DD26CT014 returned 25.9 m at 1.2% Cu, with a molybdenum-rich zone.
Follow-up drilling aimed at an initial resource planned for H1 2027.

Hawk Resources Limited (ASX:HWK) has released assay results for ten diamond holes drilled along the Cactus Corridor in Utah, USA, between the historical Comet and Cactus mines. Seven holes returned copper-gold-silver mineralisation, and assays for a final hole are pending.

Key Intersections

Hole DD26CT008 returned 19.7 m at 1.2% copper, 1.4 g/t gold and 24 ppm silver from 72 m, before being abandoned in visible mineralisation due to technical problems. Its re-drill, DD26CT011, returned 12.7 m at 0.94% copper and 1.4 g/t gold.

Hole DD26CT014 returned 25.9 m at 1.2% copper from 88 m, along with a molybdenum-rich zone of 43.9 m at 0.03% molybdenum. Other results include 2.59 m at 2.60% copper in DD26CT010 and 23.26 m at 0.62% copper in DD26CT012.

Geological Setting

The drilling tested about 550 m of the roughly 1 km Cactus Corridor, with holes designed to test within 50 m of surface. Mineralisation is mainly chalcopyrite hosted in tourmaline breccia.

The historical Cactus mine produced about 1.3 Mt of ore grading 2.07% copper between 1905 and 1920. Hawk believes mineralisation may extend about 400 m northwest to the New Years prospect.

Next Steps

Managing Director Scott Caithness said the assays clearly highlight the potential for shallow copper-gold-silver mineralisation along at least 500 m of the corridor.

Hawk will review all assays, including the pending hole DD26CT016, before designing the next drilling phase in Q4 2026. Follow-up drilling to delineate an initial resource is planned for H1 2027. True widths have not yet been calculated.

Key Takeaways

Most holes along the Cactus Corridor intersected mineralisation.
Results support shallow copper-gold-silver potential over at least 500 m.
One further assay result is pending.
Hawk aims to work towards an initial resource in 2027.

FAQs

Q: Where is the Cactus project?

A: In Utah, USA.

Q: How many holes returned mineralisation?

A: Seven of the ten holes reported.

Q: What was a key result?

A: 19.7 m at 1.2% copper, 1.4 g/t gold and 24 ppm silver in DD26CT008.

Q: What is the historical production at Cactus?

A: About 1.3 Mt of ore at 2.07% copper between 1905 and 1920.

Q: What are the next steps?

A: Review all assays, design the next drill phase and work towards an initial resource in H1 2027.

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