Hawk Resources Limited has reported promising exploration results from its Cactus project in Utah, USA. The company’s first-ever laboratory analyses of 142 soil samples have revealed an anomalous gold zone extending more than 1.1km along a southeast–northwest trend through the historical Cactus and Comet mine areas. The analyses, conducted using ICP-MS techniques, identified gold grades reaching up to 1.24g/t, which are significantly higher than the background grade of approximately 0.006g/t. Historical drill holes and rock samples from the Comet mine area further provided encouraging gold intercepts, helping to confirm the potential of the trend. The assay data show that the gold mineralisation is strongly associated with silver, antimony, and arsenic, with correlation coefficients of 0.97 and 0.96, respectively. This close relationship suggests that these elements may serve as useful pathfinders for further gold exploration. In contrast, copper levels have shown a moderate correlation with gold at around 0.50, implying that the gold mineralisation could represent a separate mineralizing event from the copper-rich mineralization at the Cactus mine. Additionally, the company’s instrumental pXRF copper assays were validated by lab analyses with a correlation of 0.96, lending confidence to target identification. The interpreted structural trend, trending southeast–northwest, is open to the northwest and indicates potential for lateral extensions of gold mineralisation. With soil assays averaging 0.03g/t (skewed by a few high-grade samples reaching up to 200 times the background), Hawk Resources is now reviewing multi-element pXRF data for silver, antimony, and arsenic across the broader soil grid. This work will guide the selection of targets for the upcoming drill program, anticipated in the third quarter of 2025, subject to permitting. Bullish sentiment on these findings centers on the extensive anomalous gold zone identified over 1.1km, the exceptional grade spikes relative to background, and the strong pathfinder element associations that can enhance target delineation. These technical indicators support a potentially significant discovery that may add value to the company’s portfolio. On the other hand, bearish views caution that the current results remain exploratory, with historical data requiring further drilling to delineate the true extent and continuity of the mineralisation. The reliance on soil assays and the calibration nuances between pXRF and lab data also introduce elements of risk typical of early-stage exploration projects.