Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce the completion of its 2018 Phase One work program at the McBride Property, strategically located in the Golden Triangle of northwestern BC.
The work was carried out by a crew from C.J. Greig and Associates (CJG) and the program included geochemical and geological mapping. A total of 301 soil, 4 stream sediment and 40 rock samples were collected from the property.
Several new copper-mineralized zones were discovered duringthe Phase One work, including malachite-stained, chlorite and iron carbonate-altered intrusive rocks hosting fine-grained disseminated chalcopyrite on the western part of the property, and malachite and chalcopyrite in quartz-carbonate veins within volcaniclastic rocks on the northern part.
The McBride Property is contiguous with the Red Chris Mine property of Imperial Metals to the south, and only 18 kilometres east of GT Gold’s exciting “Saddle” discovery, where significant gold values were reported in recent drill campaigns. The McBride Property totals 2,635 hectares and is located approximately 12 kilometres east-northeast of the Village of Iskut, BC, Canada.
The principal geological units underlying the McBride property, like Hawkeye’s Todagin and Boomerang properties, as well as those held by GT Gold and Imperial Metals, is underlain by Triassic and Jurassic stratified rocks of the Stuhini and Hazelton groups, which commonly host structurally-controlled precious and base metals mineralization that is associated with intrusive-related porphyry systems.
All soil, silt and rock samples have been delivered to ALS Global’s preparation facility in Terrace, BC for precious metal and multi-element analysis. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO / IEC 17025:2005 from the Standards Council of Canada.
Further news will be forthcoming.
TOP: McBride property looking south toward the Red Chris mine. Center: Hand Trench (approximately 2m x 3m) showing a chalcopyrite and malachite-bearing quartz-iron carbonate vein breccia. BOTTOM: Malachite-stained grab sample hosting disseminated chalcopyrite.
Qualified Person
Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a senior geologist with CJG and a qualified person for the purposes of National Instrument 43-101. Mr. Mitchell has prepared, reviewed and validated that the technical information contained within this release is accurate.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company’s precious and base metals properties are located in the prolific BC Golden Triangle, world-class Barkerville gold camp and Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to foster asset growth and to build shareholder value through the acquisition of low-cost, high-potential properties with discovery potential. Hawkeye endeavours to manage its business in an environmentally responsible manner while contributing to local communities.
HAWKEYE GOLD & DIAMOND INC.
Greg Neeld
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