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 6,552-hectare Boomerang Project (the “Property”) which is HAWKEYE’s third property acquisition located in The Golden Triangle of northwestern British Columbia, Canada. The Property, which is situated approximately 30 kilometres south of Telegraph Creek and northeast of Yehiniko Lake, contains numerous drainages with highly anomalous gold values reported in regional stream geochemistry programs.
The Property occurs in the Stikine Terrane and the principal geological units underlying the claims comprise the Triassic to Jurassic-age Hazelton and Stuhini Groups with precious and base metal mineralization commonly associated with structural controls or porphyry systems within and adjacent to intrusions. The Property is positioned approximately 25 kilometres northwest of Teck and Copper Fox’s Schaft Creek deposit which is hosted by Stuhini lithologies cut by the Hickman intrusion.
The Boomerang Property acquisition, which was originally announced December 6, 2017 (news release No. 285 – 2017), is subject to a $10,000.00 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