HAWK:CC - HAWKEYE Acquires Claims on Vancouver Island Updates Barkerville Rock Sample Results
(TheNewswire)
May 17, 2023 – TheNewswire - Vancouver, British Columbia, Canada - HAWKEYE Gold& Diamond Inc. (the “Company” or "HAWKEYE")(TSXV:HAWK ) ; ( Frankfurt:HGT ) ; ( WKN:A12A61 ) ( ISIN: CA42016R4017 ): announces that is hasentered into a Sale and Purchase Agreement (the “Agreement”) to purchase three properties (the“Property”) located on the northern end of Vancouver Island,British Columbia, Canada. The 227.02-hectare Property is locatedapproximately 110 kilometres northwest of Campbell River and 69kilometres southeast of Port Hardy. The Property encompasses thehistorical Bonanza Pit copper, gold, silver, zinc and magnetite skarnprospect, which has been subject to intermittent exploration over theyears since its discovery in 1959. The three properties are the sameclaims that formed HAWKEYE’s original Bonanza property. Uponpurchase of the Property under the terms as described directlyhereunder the Company will own a 100% interest in the Property and nonet smelter return royalty will be retained by the vendor.
Terms of Sale
HAWKEYE may purchase the Property by issuing the arm’s lengthvendor a total of 150,000 shares in the capital of the Company uponthe Property being transferred to the Company. The shares will beissued with two different hold periods. 75,000 shares will be issuedwith a resale restriction for six months from the date that the TSX Venture Exchange (TSX.V) issues itsfinal bulletin confirming acceptance for the Agreement and the balanceof 75,000 shares w ill beissued with a twelve month hold period from TSX.V acceptance for theacquisition.
The Agreement is not subject to any finders’fees.
Barkerville Rock SampleResults
During August 2022 the Company completed various workprograms over its Barkerville properties and results were announced onSeptember 8, 2022 (news release No. 382 – 2022). During theprogram a total of 23 rock samples were collected and submitted to SGSLabs in Burnaby for assaying. No significant mineralization wasdetected in these samples except for one sample taken from the 2 AcesEast. This sample was anomalous for silver and pathfinder elementsarsenic and antimony. Follow-up exploration is warranted on the 2Aces East and 2 Aces West properties. The Company is consideringwork programs over the Keithley Creek and contiguous Swift Riverclaims.
QualifiedPerson
Greg Davison, M.Sc., P.Geo., is the Company's designated QualifiedPerson within the meaning of National Instrument 43-101 Standards ofDisclosure for Mineral Projects ("NI 43-101"). Mr. Davisonhas prepared, reviewed and validated that the technical informationcontained within this release is accurate.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineralexploration and development company based in Vancouver, BritishColumbia (BC), Canada. The Company's properties are located in theworld-class Barkerville gold camp situated in the historic CaribooMining District of central BC, and on Vancouver Island, BC, Canada. The Company owns four 2% royalty interests which are subject tobuy-down provisions on the Railway, McBride, Boomerang and Todaginproperties located in the Golden Triangle of northwest BC. HAWKEYE'scorporate mandate is to build strong asset growth and shareholdervalue through the acquisition of low-cost, high-potentialopportunities with discovery potential, and to manage its business inan environmentally responsible manner while contributing to the localcommunity and economy.
HAWKEYE GOLD & DIAMOND INC.
Per:
“Greg Neeld”
President & CEO
Vancouver: (604) 908-8511
Email: greg@hawkeyegold.com
Web Site: www.hawkeyegold.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Cautionary NotesRegarding Forward Looking Statements
This News Release containsforward-looking statements. Forward-looking statements arestatements that relate to future events. These statements are onlypredictions and involve known and unknown risks, uncertainties andother factors that may cause our or our industry’s actual results,levels of activity, performance or achievements to be materiallydifferent from any future results, levels of activity, performance orachievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions uponwhich they are based, are made in good faith and reflect our currentjudgment regarding the direction of our industry, actual results willalmost always vary, sometimes materially, from any estimates,predictions, projections, assumptions or other future performancesuggested herein. Except as required by applicable law, the Companydoes not intend to update any of the forward-looking statements toconform these statements to actual results.
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