HAWK:CC - HAWKEYE Mobilizes for Exploration Activities at its Seller Creek and 2 Aces West Properties -- Barkerville BC
(TheNewswire)
July 28, 2022 – TheNewswire - Vancouver, British Columbia, Canada - HAWKEYE Gold& Diamond Inc. (the “Company” or "HAWKEYE")(TSXV:HAWK ) ; (OTC:HWKDF); ( Frankfurt Ticker:HGT ) ; ( WKN:A12A61 ) ( ISIN: CA42016R3027): is pleasedto announc e thestart of field exploration over its 100% owned Seller Creek, CaribooValley and 2 Aces West properties, building on results gathered duringthe first phase of exploration work performed during September andOctober 2021 (the “2021 work program” or “ExplorationProgram”). These contiguous properties cover approximately 10,861.17hectares (the “Properties”) and are strategically located 28kilometres (“km”) southeast of the Town of Barkerville in theprolific Barkerville / Cariboo gold camp in central British Columbia(“BC”), Canada. The Properties lie withinthe southeasterly-striking Snowshoe Group of the Barkerville Terranewhich has been a focus for major historical and recent exploration andmining.
2022 Work Programs
The 2022 work program is being guided by Phase 1 groundwork completed in September – October 2021, compilations of historical data associated with existingmineral files, regional trends and geophysical targets identifiedthrough Hawkeye’s 2018 airborne geophysical survey by Geotech Ltd.(“Geotech”), and a leading geophysicalconsulting firm who processed the raw data and completed an overallinterpretation including 3D inversion analysis.
Seller Creek
The program at Seller Creek will focus on two primarytarget areas:
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Goose Range Anticline: Mapping and sampling in 2021 identified an anticlinal foldin the Goose Range of mountains. The axis of this structure was tracedfor 1.9km during the 2021 field activities and nine of the 45 rocksamples were collected along the axis returning anomalous zinc valuesbetween 30 and 383 parts per million (“ppm”). 2022 work willinclude traverses to extend the strike and to identify furthergeochemical anomalies.
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Seller Creek Showing: A post-season literature review unearthed a mineral showingnot recorded in the Provincial “Minfile” database. The SellerCreek showing identified in the late 1990’s was discussed in asummary paper reassessing the area for mineral potential (Ferri,2001), and is described as “ disseminated chalcopyrite, galena and sphalerite within a quartzsandstone immediately adjacent to a white and grey banded marble andcan be traced for several hundred metres ”.Reported grab sample grades from outcrop are 0.39% copper, 0.19% leadand 0.1% zinc. The location of this showing is coincident with adistinct magnetic “high” as reported by Geotech.
Reconnaissance mapping of the entire property isplanned to assess potential offset mineralization in the fold axis andany other sites that are deemed of interest during the fieldprogram.
Figure 1: Goose Range Anticline (1)results from the 2021 traverse, Seller Creek showing (2) and offsetexploration targets (3).
2 Aces West
The 2 Aces West project work will be focused onexploration and sampling of rocks along the faulted contact of theLower Harvey’s Ridge and Downey Successions. To the northwest of theproject area, several mineral showings and historical workings forlead, silver, and gold trend along the same contact.
Samples collected in 2021 returned weakly anomalousresults for lead and zinc collected from pyrite-bearing quartz veinsfrom the rocks along the contact. Although at an early stage, thesenew anomalies align with known mineral showings. Additional work in2022 will focus on definition of the trend and allow additional timefor regional mapping and sampling.
Figure 2: 2021 traverses on 2 AcesWest property along geological contact, along strike with lead-zincand gold mineral showings.
Cariboo Valley
Work at Cariboo Valley will consist mainly of road-sidemapping through existing infrastructure and new forestry roads toassess the underlying geology and its mineral potential.
Next Steps
TheCompany has now mobilized its geological teams onto the Properties tofollow up on our initial results. Work in 2021 was limited to roadsand other accessible areas due to the early onset of winter weather conditions. Theearly commencement of the 2022 program will allow for thoroughexploration of the principal targets and evaluate potential forfurther discoveries .
Message from thePresident
Mr. Greg Neeld, President & CEO of Hawkeye states,“With the recent sale of Hawkeye’s four Golden Triangle Propertiesto Newcrest Mining, Hawkeye is excited to redirect its energiestowards the exploration and development of its 2 Aces East, 2 AcesWest, Cariboo Valley, Seller Creek, Keithley Creek and Swift Riverproperties all located in the prolific Barkerville / Cariboo gold campin central British Columbia and the Bonanza high grade copper propertyon Vancouver Island. The Company is also pleased about theverification and discovery of copper, cobalt, nickel, and zincmineralization over the Barkerville properties. These critical metalsare becoming more important to the world and future demand for BatteryMetals are expected to significantly increase as the world transitionsto the emerging Electric Vehicle market and Green Energyelectrification of the planet. We look forward to announcing ourresults for the Keithley Creek and Swift River properties in shortorder and to commencing the Company’s 2022 work programs.”
About Barkerville
Barkerville was the centre of the historic Cariboo goldrush starting in 1860. The recorded production estimate from 1861-1987reported more than 5,000,000 ounces of gold which included 3,800,000ounces from placer operations and 1,230,000 ounces from lode mining. Hawkeye’s six (6)Barkerville Properties are either contiguous or near the southernboundary of the Osisko Development’s Cariboo Gold Project. OsiskoDevelopment recently announced a measured and indicated resource of3.2 million ounces gold at 4.6 g/t and an inferred resource of 2.7million ounces of gold at 3.9 g/t for their project. The authorcautions the reader that proximity to resources are not an indicationof expected results from these properties but to be used as a guideonly.
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 owns 100% interests in six preciousand base and battery metals properties in the world-class Barkervillegold camp situated in the historic Cariboo Mining District of centralBC and a 100% interest in a high-grade copper property on VancouverIsland, BC. Consistent with Hawkeye’s vision to develop a prospectand royalty generator component for the Company, and subsequent to thesale of its McBride, Railway, Boomerang and Todagin properties to Newcrest Mining, Hawkeye owns a 2% net smelterroyalty on each of these four copper, gold, silver, platinum and zincproperties located in the prolific Golden Triangle of northwest BCwhich are subject to buy-down provisions. HAWKEYE's corporate mandateis to build strong asset growth and shareholder value through theacquisition of low-cost, high-potential opportunities with discoverypotential, and to manage its business in an environmentallyresponsible manner while contributing to the local community andeconomy.
HAWKEYE GOLD & DIAMONDINC.
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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