12:39 PM EDT, 06/03/2025 (MT Newswires) -- Halcones Precious Metals (HPM.V) Tuesday updated progress at its Polaris Gold Project in Chile, as geologists continue field work at the site ahead of an initial drilling program.

Recent work has focused on detailed structural and alteration mapping and fine tuning the geologic understanding of mineralization controls. This improved geological interpretation "will guide the forthcoming drill program," which will be the first drilling by the company at the project.

"We have demonstrated extensive, exceptionally high-grade gold values at surface over a broad area in an area that has never been drilled," said chief executive Ian Parkinson. "Gold is present in structures at surface including veins and stockwork, the planned drill program will test the continuity of this mineralization at depth."

Halcones shares were last seen unchanged at $0.045 on the TSX Venture Exchange.

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