Hawkeye Acquires Additional Claims ON 2 Aces GOLD Property ON Strike with Cariboo Break IN Barkerville Terrane, BC, Canada
HAWKEYE GOLD & DIAMOND INC.
Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2
Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com
TSX VENTURE EXCHANGE - HAWK
July 6, 2017 TSX Venture Exchange Listed
Frankfurt Exchange Listed
Issued: 17,875,897 shares
News Release No. 274 - 2017
HAWKEYE ACQUIRES ADDITIONAL CLAIMS ON 2 ACES GOLD PROPERTY
ON STRIKE WITH CARIBOO BREAK IN BARKERVILLE TERRANE, BC, CANADA
Vancouver, British Columbia - HAWKEYE Gold & Diamond Inc. (the “Company” or
"HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61):
is pleased to announce it has amended its Sale and Purchase Agreement (SAPA) with the vendor of the 2
Aces Project (the “Property) to acquire, for staking costs, a 100% interest in an additional 332-hectares
within the 2 Aces’ Area of Interest. The Property, now totaling 5,374-hectares, situated approximately 30
kilometres south-southeast of the Town of Barkerville, BC, Canada, includes claims on the north and south
shore of Cariboo Lake and is located contiguous to both the western boundary of HAWKEYE’s 2 Aces
property and Barkerville Gold Mines’ (“BGM”) claims to the north and west. The Property lies within the
southeasterly-striking Snowshoe Group of the Barkerville Terrane. This is the geological for mation that
hosts Barkerville Gold Mines’ (“BGM”) current gold mine development sites, including Island Mountain,
Cow Mountain and Bonanza Ledge , and exploration projects, and also underlies a number of historic to
recent placer gold claims.
About the Barkerville-Cariboo District and BGM
Placer gold was discovered and mined in the Cariboo Lake area along a number of drainages including
Keithley, Snowshoe, Simlock and Harvey’s Creeks starting in 1860. The town of Barkerville became
established as the centre of the historic Cariboo gold rush following the 1861-1862 discoveries to the north
on Lightning Creek, Williams Creek and the surrounding area . The recorded production estimate from
1861-1987 reported more than 5,000,000 ounces of gold which included 3,800,000 ounces from placer
operations and 1,230,000 ounces from lode mining. Recently, BGM, the current principal property holder
in the district, announced resource definition on lode gold projects and large exploration programs focused
along the Cariboo Break , a structural corridor aligned with the principal NW to SE -directed high strain
zones in the Barkerville Terrane . BGM has eight (8) drills conducting a 130,000 metre drill program in
2017 and continues to release positive results.
Message from the President
Mr. Greg Neeld, President & CEO states, “HAWKEYE continues to generate its portfolio of properties in
the Barkerville -Cariboo gold district. The acquisitions place HAWKEYE in a historical mining centre
continuously productive for more than 150 years and with recent exploration successes and ongoing mine
development activity. Our land position now has increased to 11,069 hectares and we intend to acquire
additional claims in the Barkerville area. The Company has procured the Property based on its favourable
location and regional geological features on strike with the Cariboo Break which transects many known
lode gold projects, and past-producing lode and placer gold mines. BGM is drilling 250,000 metres within
two years and its success identifying greenfield drill targets points to increased potential and opportunity
within the Barkerville-Cariboo gold district. We look forward to implementing our exploration program on
the Property.”
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HAWKEYE GOLD & DIAMOND INC.
Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2
Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com
TSX VENTURE EXCHANGE - HAWK
The 2 Aces Project
The 2 Aces Project is situated six (6) kilometres south of the historical Cariboo Hudson Mine between the
north shore of Cariboo Lake and the north arm of Quesnel Lake within the Late Proterozoic to Paleozoic
Snowshoe Group of the Barkerville Terrane. The principal successions of the Snowshoe Group are
comprised of siltstone, quartzite, conglomerate, and s andstone with lesser volcanics, black slate and
limestone, which have undergone multi -stage deformation with penetrative fabrics and regional
metamorphism ranging from lower greenschist (chlorite) to locally amphibolite (garnet-staurolite) grade.
The lithologies are characterized by moderate to steeply dipping, southeasterly striking, locally overturned
folds with northwesterly shear zones and plunging lineations, regional southeasterly striking thrust faults
and later faulting along a general north-northeast direction. The principal mineralization is associated with
high strain zones and parallels magnetic features from regional and detailed airborne geophysics tracing
from northwest of Barkerville to the southeast through the Property. Gold mineralization typically is
associated with quartz veins, iron carbonate (ankerite), and pyrite cutting amenable metasedimentary units
of greenschist grade.
The Property contains favorable geological units overprinted by extensive deformation on strike with a
known corridor of gold mineralization.
Previous work on the Property included geological mapping, airborne geophysics, and reconnaissance soil
and stream geochemistry surveys. The Property exhibits geochemical anomalies for gold, arsenic and base
metals.
Amended Agreement Details
The 2 Aces Property acquisition, including six original and three new claims, is subject to a $ 12,000.00
cash payment and the issuance of 50,000 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. The Sale and Purchase
Agreement between HAWKEYE and the Vendor is subject to TSX approval.
HAWKEYE has a right of first refusal on certain other properties controlled by the Vendor within the
historical Barkerville-Cariboo district.
Qualified Person
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.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in
Vancouver, British Colum bia, Canada and is publicly traded on the TSX Venture Exchange under the
trading symbol H AWK 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.
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HAWKEYE GOLD & DIAMOND INC.
Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2
Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com
TSX VENTURE EXCHANGE - HAWK
HAWKEYE GOLD & DIAMOND INC.
Per:
“Greg Neeld”
President & CEO
Vancouver: (778) 379-5393
Email: [email protected]
Web Site: www.hawkeyegold.com
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.