Hawk Resources Uncovers Six Promising Copper Targets at Cactus Project

Key Highlights:

• Portable XRF assays reveal six strong copper anomalies in Utah’s Cactus project.
• Soil sampling outlines high-grade copper and potential gold extensions at historical mining zones.
• Drilling program design underway pending lab gold assay results.
   

Hawk Resources Ltd (ASX: HWK) delivered a noteworthy exploration update today, highlighting a fresh wave of optimism at its Cactus copper-gold project in Utah, USA. Portable XRF assays from the recently completed soil sampling program have uncovered six significant copper anomalies, coinciding with key geophysical targets across the historically productive terrain.

The soil sampling campaign, initially delayed by adverse weather conditions in late 2024, resumed in March 2025, covering 246 samples across the extended Cactus grid. Notably, assays from the N-1 and N-3 anomalies revealed copper grades of up to 875ppm—more than 10 times the background levels. These anomalies align closely with magnetic and chargeability targets, hinting at potentially significant mineralisation beneath the surface.

Meanwhile, the NYW anomaly on the western extension of the New Years prospect returned a standout result of 0.3% copper, an impressive 54 times above background, further reinforcing the geological potential of the region.

Of particular excitement is the Cactus-Comet zone, where soils returned up to 0.9% copper and historical rock sampling previously unearthed gold grades exceeding 2g/t. Historical drilling at Comet had already suggested the presence of shallow, high-grade gold, including standout intercepts like 25.9 metres at 1.53g/t gold from surface. Hawk has sent additional soil samples for laboratory gold assaying, with results expected by May 2025—a milestone that could shape the scope of its forthcoming drill campaign.

Managing Director Scott Caithness underscored the significance of the findings, noting that the 2025 sampling has “better defined the 1,000m x 700m southern copper anomaly,” particularly around the CZ-6 target, where soil assays hit up to 1,000ppm copper, supported by strong geophysical signatures.

Despite today’s steady share price at $0.019 and a challenging one-year return of -57.25%, Hawk’s exploration momentum offers a spark of promise for investors. The company’s current market cap stands at a modest $5.15 million, suggesting significant upside should drilling validate the anomalies flagged.

Looking ahead, Hawk Resources plans to finalise its drill targeting across the Cactus project once laboratory gold assays are received. With six copper-rich zones now clearly outlined and gold potential under active investigation, the company appears well-positioned for a pivotal second half of 2025.