Hawkeye Acquires Third GOLD Property IN the Golden Triangle, British Columbia, 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
December 6, 2017 TSX Venture Exchange Listed
Frankfurt Exchange Listed
Issued: 18,256,442 shares
News Release No. 285 - 2017
HAWKEYE ACQUIRES THIRD GOLD PROPERTY
IN THE GOLDEN TRIANGLE, BRITISH COLUMBIA, 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 entered into a Sale and Purchase Agreement (SAPA) with the vendor of the
Boomerang Project (the “Property”) to acquire a 100% interest in the 6,552-hectare Property situated in the
Golden Triangle approximately 30 kilometres south of Telegraph Creek, British Columbia, Canada. The
Property is located northeast of Yehiniko Lake and contains numerous drainages , including Boomerang
Creek, with highly anomalous gold values reported in regional stream geochemistry programs.
Message from the President
Mr. Greg Neeld, President & CEO states, “HAWKEYE is keen to grow its portfolio in the Golden Triangle
of northwestern British Columbia. It provides HAWKEYE with properties covering more than 148 square
kilometres in a significant mining district known for many current and past -producing mines ( e.g., Red
Chris, Snip, Johnny Mountain, Eskay Creek, Valley of the Kings), large advanced projects (e.g., GJ, Schaft
Creek, Galore Creek, KSM) and recently, several exciting projects highlighted by 2017 discoveries by GT
Gold and Garibaldi. The Company has purchased the Property based on multiple stream geochemical gold
anomalies and regional geological features. We believe the Boomerang Project, our third acquisition in the
Golden Triangle, will create further opportunity to build shareholder value through investment, exploration
and discovery.”
The Boomerang Project
HAWKEYE’s Boomerang Project is situated directly south of Telegraph Creek, BC, and northeast of
Yehiniko Lake which drains north on Yehiniko Creek to the Stikine River. The claims are transected by
Boomerang Creek in the south and another unnamed creek in the north, both of which contain numerous
peripheral drainages from a major WNW-oriented topographic high following the Hazelton Group geology.
The Property is situated in the northwestern section of the Golden Triangle , positioned approximately 25
kilometres northwest of Teck and Copper Mountain’s Schaft Creek deposit and 50 kilometres north of the
Galore Creek deposit held by Teck and Novagold. For reference, more recent gold and copper discoveries
are located 40-70 kilometres east of the Property, and include the Saddle discovery of GT Gold, Rok and
North Rok of Colorado Resources, and Skeena Resources’ Spectrum and GJ projects.
To date, there are no claims contiguous with the Boomerang Project and it is an area that has seen very
limited exploration. Groupings of claims located several kilometres to the west and southwest of Yehiniko
Lake have been the principal areas of focus for gold and copper exploration reported since the 1970’s.
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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 1988 regional stream geochemistry indicate s numerous priority drainage targets on the Boomerang
Project based upon the identification of multiple anomalies with >98 th percentile gold values , a nd
corresponding base and heavy metal pathfinder elements.
Similar to Hawkeye’s McBride and Todagin properties and those held by GT Gold and Colorado Resources
in the northeastern section of the Golden Triangle, the principal geological units underlying the claims
comprise the Hazelton and Stuhini Groups with precious and base metal mineralization commonly
associated with structural controls or porphyry systems within and adjacent to intrusions. The Jurassic-age
Hazelton basalt, andesite, dacite and rhyolite flows and pyroclastics unconformably overlie Upper Triassic
Stuhini volcanics and volcanoclastic deposits. Both Stuhini and Hazelton lithologies are underlain by Mid-
to Late Triassic quartz diorite i ntrusions and the volcanic deposits occur as outliers bounded in large part
by these intrusions. Hazelton and Stuhini rocks are intruded by Early to Mid -Jurassic plutons comprising
the Cone Mountain granodiorite and the Three Sisters tonalite. Coarse clast ic sediments of Cretaceous to
Paleocene age overlie the Hazelton and Stuhini to the south and west on the Property.
Previous fieldwork in the general area included regional mapping and stream silt geochemical surveys by
government geologists. Reconnaissance soil, silt, moss and rock sampling , and ground geophysical
programs by a public exploration company focused on district-scale Cu-Au porphyry targets associated
with the above-noted plutonic suites. Exploration reported background to anomalous values for copper (up
to 7270 ppm, 0.73% Cu), zinc (up to 755 ppm), lead (up to 2143 ppm) and gold (up to 260 ppb), the highest
base metal values from heavily altered Hazelton volcani cs. Gold reported at 1380 ppb (1.38 g/t Au) with
copper (1614 pp m) occurred in one sample of granitic float. The geochemistry maps showed localized
anomalies, including coincident copper -zinc, which showed west-northwest alignment with magnetic
features, and were consistent with the general geological, topographical and structural fabric.
Gossan zones exhibit pervasive hydrothermal alteration including bleaching and secondary oxides after
sulphides. Epidote and disseminated to vein-style sulphides, identified as pyrite, chalcopyrite and secondary
copper oxide -carbonate, malachite , were reported in the volcanic lithologies adjacent to weakly altered
dyke swarms and other intrusions of quartz monzonite to quartz diorite.
Agreement Details
The Property acquisition 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. The Sale and Purchase Agreement between H AWKEYE and the Vendor is subject to
TSX approval.
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 Columbia, 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
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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
discovery potential, and to manage our business in an environmentally responsibl e manner while
contributing to the local community and economy.
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.