Hawkeye GOLD Completes Multi-Phased 2022 Work Programs – Barkerville, BC
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 / FRANKFURT EXCHANGE - HGT
September 8, 2022 TSX Venture Exchange Listed
Frankfurt Exchange Listed
News Release No. 382 – 2022
HAWKEYE GOLD COMPLETES MULTI-PHASED
2022 WORK PROGRAMS – BARKERVILLE, BC
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 results from its multi-phased 2022 ground-based work program over its 100% owned
Swift River, Keithley Creek, Seller Creek , Cariboo Valley, 2 Aces West and 2 Aces East properties (the
”Properties”) which was performed during August 2022 (the “2022 work program” or “Exploration
Program”). The Properties are a series of mineral tenures totaling approximately 20,835 hectares and are
strategically located approximately 28 kilometres (“km”) southeast of the Town of Barkerville in the
prolific Barkerville / Cariboo gold camp in central British Columbia (“BC”), Canada. The Properties lies
within the southeasterly -striking Snowshoe G roup of the Barkerville Terrane which has been a major
historical and recent exploration and mining focus.
The geological team was on site for a three- week period, starting on July 26 th, 2022. The program was
designed as a continuation of the 2021 prospecting and mapping campaign, with a focus on the Seller Creek,
Cariboo Valley, Swift River, 2 Aces West and 2 Aces East properties. These properties are underlain by a
series of Paleozoic rocks that locally host mineral showings related to ancient deep-sea volcanism and
mineralization, and contain various geological structures that can act as fluid conduits and traps. S amples
were analyzed in real time using an XRF gun which provides geochemical data that c ould then be
immediately followed up in the field. Some of these samples have also been submitted to SGS Labs in
Burnaby for full geochemical analysis to acquire additional information. The XRF device is an excellent
guide in the field, but lab assaying techniques are more effective in analyzing eleme nts such as gold and
providing accurate values. The Company will issue a further release once these results have been received
from the lab.
Swift River
The Swift River Property is road accessible and recent logging has created new exposure in road cuts. In
the central part of the property, several cuts have revealed sections of carbonaceous shales overlying
sequences of volcanic sandstones within the Harvey’s Ridge Succession of rocks. Along certain horizons
in these black shales, veins and stockwo rks of carbonate or barite veins were common and introduced
disseminated sulphide minerals.
A layer of carbonaceous shale was traced discontinuously along a 350-metre-long section of hillside. Within
this, a 60-metre continuous roadside exposure offered an opportunity to study the layers and geochemistry
in detail. A series of seven sections were logged, and each unit within that section was sampled. “SR-SS06”
(see Figure 1) was one that hosted the most intensive veining which in turn is associated with elevated metal
content (see Table 1), including barium (2,231 to 7,132 parts per million (“ppm”)), mercury (trace to 4.32
ppm), rubidium ( 22.6 to 142.6 ppm), and titanium (423.9 to 5,136.2 ppm). Other sections hosted fewer
veins but continued to show elevated metals such as silver (trace to 6.62 ppm) in “SR-SS02”. Mineralization
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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 / FRANKFURT EXCHANGE - HGT
and the variety of metal content increased towards the volcanic sandstone unit which could be closer to the
source of host fluids.
Figure 1: Swift River lithological sections and XRF assay results
The carbonaceous shale unit is a prime target for follow up exploration. The geology suggests a seafloor
volcanic setting where fluids would have carried dissolved metals into the water column before they
condensed and settled out. These sedimentary exhala tive deposits ( “SedEx”) often form in clusters or
stacked lenses, and the metals deposited are “zoned”. This road section appears to be distal from the source,
but the information collected will aid in any targeting down-dip.
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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 / FRANKFURT EXCHANGE - HGT
Figure 2: Cross section through a SedEx deposit (Modified from Lydon, 2004a)
2 Aces East
Exploration at 2 Aces East during 2021 returned elevated gold values in stream sediments (up to 1.8 grams
per tonne gold). The samples were collected from an isolated drainag e that originated in a glacial cirque
above the valley floor. The Company discovered significant alteration over a 400- meter-long silicified,
resistive ridge of gossanous material . Samples collected from this ridge in 2022 returned anomalous
mercury (trace to 4.95 ppm) from quartz veins. The altered ridge sits within the catchment area of the stream
in which the 1.8g/t gold sample was discovered during our 2021 exploration campaign.
Although more work is required to fully understand the geological setting, the silicified nature of the ridge,
the elevated mercury levels and the gold in stream sediment samples are consistent with the upper most
levels of an epithermal system.
Based on these results, Hawkeye has expanded the 2 Aces East property eastwards , adding an additional
24.65 square kilometers of ground. This includes additional cirques that show geological similarities to the
current one and three other prospective drainages.
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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 / FRANKFURT EXCHANGE - HGT
Figure 3: Newly discovered mercury anomaly at 2 Aces East in relation to the 2021 gold-in-stream
sediments. Also shows the additional ground added August 2022 (hatched).
Seller Creek
The Seller Creek property is underlain by the Harvey’s Ridge Formation (part of the Cambrian -aged
Snowshoe Group) which is a local focus for geochemical anomalies. This unit consists of a series of marine
mudstone, siltstones, and sandstones that are folded into a northwest to southeast trending anticlinal feature,
along the axis of which mineralization appears to be concentrated.
At Seller Creek, the anticline hosts anomalous levels of copper, mercury, molybdenum, and barium. The
latter is significant as it is often associated with fluid transports into these ancient systems and can be used
for targeting. An inlier of limestone at Seller Creek was also discovered and forms a skarn that is locally
enriched in titanium, nickel, and molybdenum.
Two Aces West
Two Aces West also hosts the Harvey’s Ridge Formation, and along the contact with the Downey
Succession anomalous nickel, copper, titanium, zinc and lead values were found in quartz stockwork veins.
This is in keeping with the regional trend of silver -hosting vein systems that have been historically
discovered along the same contact.
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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 / FRANKFURT EXCHANGE - HGT
Cariboo Valley
Cariboo Valley hosts the Goose Peak Quartzite as its main underlying geology which has historically been
devoid of mineralization. Work by the geological team in 2021 – 2022 also did not find any anomalous or
continuous mineralization in these units.
Figure 4: Locations of mineralized zones at Seller Creek, 2 Aces West and Swift River
Mr. Greg Neeld, President & CEO of Hawkeye states, Hawkeye is pleased with the results of its 2022
multi-phased work program over its six Barkerville properties located in the prolific Barkerville /
Cariboo gold camp in central BC, Canada. Hawkeye’s geology Team did an excellent job in narrowing
down the target areas on our six Barkerville properties to four areas of focus for follow-up exploration.
There is no doubt the geological setting of Hawkeye’s Swift River, 2 Aces West, 2 Aces East and
Seller Creek properties are unique in in that we are looking at the potential for a critical metals and
rare earth metals d iscovery. Critical metals are becoming more important to the world and for the
sustainability for our future generations as the world transitions to the emerging Electric Vehicle
market and Green Energy electrification of the planet . Hawkeye looks forward to the continuation of
exploration and development of its Barkerville claims”
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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 / FRANKFURT EXCHANGE - HGT
Element Average Crustal
Abundance (ppm)
Swift River Section
Maximum (ppm)
Silver 0.075 6.62
Lead 14 23.9
Vanadium 120 223.1
Zinc 70 155.1
Selenium 0.05 31.3
Barium 425 7,132
Tin 2.3 10.2
Mercury 0.085 4.3
Manganese 950 1,535
Rubidium 90 142.6
Titanium 5,500 5,136
Table 1: Reference table for average crustal abundance of elements compared to XRF highs at Swift
River.
XRF Methodology
Samples collected in the field were first pulverized using a manual press to create a pulp sample. This
was then loaded into a puck and placed into the XRF chamber. Each test used three beams, then the
sample was removed, agitated, and tested again for a total of three times. The results presented are an
average of the three tests which removes any outliers. A blank sample and a standard were also run
every 25 tests for calibration.
Qualified Person
Andy Randell, P.Geo., 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. Randell 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 (BC), Canada. The Company's properties are located in the world- class
Barkerville gold camp situated in the historic Cariboo Mining D istrict of central BC, and on Vancouver
Island, BC, Canada. The Company owns four 2% royalty interests which are subject to buy- down
provisions on the Railway, McBride, Boomerang and Todagin properties located in the prolific Golden
Triangle of northwest BC. HAWKEYE's corporate mandate is to build strong asset growth and shareholder
value through the acquisition of low -cost, high-potential opportunities with discovery potential, and to
manage its 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 / FRANKFURT EXCHANGE - HGT
HAWKEYE GOLD & DIAMOND INC.
Per:
“Greg Neeld”
President & CEO
Vancouver: (604) 908-8511
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 statement s. 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 whi ch 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 perf ormance 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.