HAWK:CC - HAWKEYE Gold Completes Multi-Phased 2022 Work Programs -- Barkerville BC
(TheNewswire)
Vancouver, BritishColumbia, Canada – TheNewswire – September 8, 2022 - HAWKEYEGold & Diamond Inc. (the “Company” or "HAWKEYE")(TSXV:HAWK ) ; (OTC:HWKDF); ( Frankfurt Ticker:HGT ) ; ( WKN:A12A61 ); ( ISIN: CA42016R3027): is pleasedto announc eresults from its multi-phased 2022 ground-based work program over its100% owned Swift River, Keithley Creek, Seller Creek, Cariboo Valley,2 Aces West and 2 Aces East properties (the ”Properties”) whichwas performed during August 2022 (the “2022 work program” or“Exploration Program”). The Properties are a series of mineraltenures totaling approximately 20,835 hectares and are strategicallylocated approximately 28 kilometres (“km”) southeast of the Townof Barkerville in the prolific Barkerville / Cariboo gold camp incentral British Columbia (“BC”), Canada. The Properties lies within the southeasterly-striking Snowshoe Groupof the Barkerville Terrane which has been a major historical andrecent exploration and mining focus.
The geological team was on site for a three-weekperiod, starting on July 26 th , 2022. The program was designed as acontinuation of the 2021 prospecting and mapping campaign, with afocus on the Seller Creek, Cariboo Valley, Swift River, 2 Aces Westand 2 Aces East properties. These properties are underlain by a seriesof Paleozoic rocks that locally host mineral showings related toancient deep-sea volcanism and mineralization, and contain variousgeological structures that can act as fluid conduits and traps.Samples were analyzed in real time using an XRF gun which providesgeochemical data that could then be immediately followed up in thefield. Some of these samples have also been submitted to SGS Labs inBurnaby for full geochemical analysis to acquire additionalinformation. The XRF device is an excellent guide in the field, butlab assaying techniques are more effective in analyzing elements suchas gold and providing accurate values. The Company will issue afurther release once these results have been received from the lab.
Swift River
The Swift River Property is road accessible and recentlogging has created new exposure in road cuts. In the central part ofthe property, several cuts have revealed sections of carbonaceousshales overlying sequences of volcanic sandstones within theHarvey’s Ridge Succession of rocks. Along certain horizons inthese black shales, veins and stockworks of carbonate or barite veinswere common and introduced disseminated sulphide minerals.
A layer of carbonaceous shale was traceddiscontinuously along a 350-metre-long section of hillside. Withinthis, a 60-metre continuous roadside exposure offered an opportunityto study the layers and geochemistry in detail. A series of sevensections were logged, and each unit within that section was sampled.“SR-SS06” (see Figure 1) was one that hosted the most intensiveveining which in turn is associated with elevated metal content (seeTable 1), including barium (2,231 to 7,132 parts per million(“ppm”)), mercury (trace to 4.32 ppm), rubidium (22.6 to 142.6ppm), and titanium (423.9 to 5,136.2 ppm). Other sections hosted fewerveins but continued to show elevated metals such as silver (trace to6.62 ppm) in “SR-SS02”. Mineralization and the variety of metalcontent increased towards the volcanic sandstone unit which could becloser to the source of host fluids.
Figure 1: Swift River lithological sections and XRFassay results
The carbonaceous shale unit is a prime target forfollow up exploration. The geology suggests a seafloor volcanicsetting where fluids would have carried dissolved metals into thewater column before they condensed and settled out. These sedimentaryexhalative deposits (“SedEx”) often form in clusters or stackedlenses, and the metals deposited are “zoned”. This road sectionappears to be distal from the source, but the information collectedwill aid in any targeting down-dip.
Figure 2:
Cross section through a SedExdeposit (Modified from Lydon, 2004a)
2 Aces East
Exploration at 2 Aces East during 2021 returnedelevated gold values in stream sediments (up to 1.8 grams per tonnegold). The samples were collected from an isolated drainage thatoriginated in a glacial cirque above the valley floor. The Companydiscovered significant alteration over a 400-meter-long silicified,resistive ridge of gossanous material. Samples collected from thisridge in 2022 returned anomalous mercury (traceto 4.95 ppm) from quartz veins. The altered ridge sits within thecatchment area of the stream in which the 1.8g/t gold sample wasdiscovered during our 2021 exploration campaign.
Although more work is required to fully understand thegeological setting, the silicified nature of the ridge, the elevatedmercury levels and the gold in stream sediment samples are consistentwith the upper most levels of an epithermal system.
Based on these results, Hawkeye has expanded the 2 AcesEast property eastwards, adding an additional 24.65 square kilometersof ground. This includes additional cirques that show geologicalsimilarities to the current one and three other prospective drainages.
Figure3: Newly discovered mercuryanomaly at 2 Aces East in relation to the 2021 gold-in-streamsediments. Also shows the additional ground added August 2022(hatched).
Seller Creek
The Seller Creek property is underlain by theHarvey’s Ridge Formation (part of the Cambrian-aged Snowshoe Group)which is a local focus for geochemical anomalies. This unit consistsof a series of marine mudstone, siltstones, and sandstones that arefolded into a northwest to southeast trending anticlinal feature,along the axis of which mineralization appears to be concentrated.
At Seller Creek, the anticline hosts anomalous levelsof copper, mercury, molybdenum, and barium. The latter is significantas it is often associated with fluid transports into these ancientsystems and can be used for targeting. An inlier of limestone atSeller Creek was also discovered and forms a skarn that is locallyenriched in titanium, nickel, and molybdenum.
Two Aces West
Two Aces West also hosts the Harvey’s RidgeFormation, and along the contact with the Downey Succession anomalousnickel, copper, titanium, zinc and lead values were found in quartzstockwork veins. This is in keeping with theregional trend of silver-hosting vein systems that have beenhistorically discovered along the same contact.
Cariboo Valley
Cariboo Valley hosts the Goose Peak Quartzite as itsmain underlying geology which has historically been devoid ofmineralization. Work by the geological team in 2021 – 2022 also didnot find any anomalous or continuous mineralization in these units.
Figure4: Locations of mineralizedzones at Seller Creek, 2 Aces West and Swift River
Mr. Greg Neeld, President & CEO of Hawkeye states,Hawkeye is pleased with the results of its 2022 multi-phased workprogram over its six Barkerville properties located in the prolificBarkerville / Cariboo gold camp in central BC, Canada. Hawkeye’sgeology Team did an excellent job in narrowing down the target areason our six Barkerville properties to four areas of focus for follow-upexploration. There is no doubt the geological setting of Hawkeye’sSwift River, 2 Aces West, 2 Aces East and Seller Creek properties areunique in in that we are looking at the potential for a criticalmetals and rare earth metals discovery. Critical metals are becomingmore important to the world and for the sustainability for our futuregenerations as the world transitions to the emerging Electric Vehiclemarket and Green Energy electrification of the planet. Hawkeye looksforward to the continuation of exploration and development of itsBarkerville claims”
| Element |
| Average Crustal Abundance (ppm) |
| Swift River Section Maximum (ppm) |
| Silver |
| 0.075 |
| 6.62 |
| Lead |
| 14 |
| 23.9 |
| Vanadium |
| 120 |
| 223.1 |
| Zinc |
| 70 |
| 155.1 |
| Selenium |
| 0.05 |
| 31.3 |
| Barium |
| 425 |
| 7,132 |
| Tin |
| 2.3 |
| 10.2 |
| Mercury |
| 0.085 |
| 4.3 |
| Manganese |
| 950 |
| 1,535 |
| Rubidium |
| 90 |
| 142.6 |
| Titanium |
| 5,500 |
| 5,136 |
Table 1: Reference table for averagecrustal abundance of elements compared to XRF highs at SwiftRiver.
XRFMethodology
Samples collected in the field werefirst pulverized using a manual press to create a pulp sample. Thiswas then loaded into a puck and placed into the XRF chamber. Each testused three beams, then the sample was removed, agitated, and testedagain for a total of three times. The results presented are an averageof the three tests which removes any outliers. A blank sample and astandard were also run every 25 tests for calibration.
QualifiedPerson
Andy Randell, P.Geo., is the Company'sdesignated Qualified Person within the meaning of National Instrument43-101 Standards of Disclosure for Mineral Projects ("NI43-101"). Mr. Randell has prepared, reviewed, and validatedthat the technical information contained within this release isaccurate.
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 prolific Golden Triangle of northwest BC.HAWKEYE's corporate mandate is to build strong asset growth andshareholder value 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- lookingstatements, and any assumptions upon which they are based, are made ingood faith and reflect our current judgment regarding the direction ofour industry, actual results will almost always vary, sometimesmaterially, from any estimates, predictions, projections, assumptionsor other future performance suggested herein. Except as required byapplicable law, the Company does not intend to update any of theforward-looking statements to conform these statements to actualresults.
Copyright (c) 2022 TheNewswire - All rights reserved.