October 25, 2017
News Release No. 283 - 2017
TSX Venture Exchange: HAWK
Frankfurt Exchange: HGT
HAWKEYE RECEIVES TSX.V ACCEPTANCE FOR ITS FIRST PROPERTY ACQUISITION IN THE GOLDEN TRIANGLE, BC, CANADA
Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that it has received TSX Venture Exchange acceptance for the acquisition of a 100% interest in the McBride Project (the “Property”) which is HAWKEYE’s first property acquisition situated in the Golden Triangle of northwest British Columbia, Canada. The Property which totals 4,611-hectares is located approximately 11 kilometres east of the Village of Iskut and is contiguous to the northern boundary of the Red Chris Mine, and within 2 kilometres of properties held by GT Gold, Colorado Resources and Teuton Resources.
The Property occurs within the Stikinia Terrane, primarily lies within the Jurassic-age Hazelton Group calc-alkaline volcanics and is located only 18 kilometres east of the recent GT Gold “Saddle” discovery where significant gold values were reported in soil sampling programs and the current drilling campaign.
The McBride Property acquisition, which was originally announced September 14, 2017 (news release No. 276 – 2017), is subject to a $8,000.00 cash payment and the issuance of 100,000 shares and a further 250,000 share issuance should the project proceed to a pre-feasibility study.
The acquisition is not subject to an NSR.
Greg Davison, M.Sc., P.Geo., Senior Technical Advisor to HAWKEYE is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Davison has prepared, reviewed and validated that the technical information contained within this release is accurate.
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HAWK and the Frankfurt Exchange under the ticker HGT; ISIN# CA42016R3027 and WKN# A12A61. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential cash flow and production opportunities with blue sky discovery potential, and to manage our business in an environmentally responsible manner while contributing to the local community and economy.
HAWKEYE GOLD & DIAMOND INC.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Notes Regarding Forward Looking Statements
This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results