TSX Venture Exchange - HAWK / Frankfurt Exchange - Hgt 144602\4864-2456-1171
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
144602\4864-2456-1171
July 28, 2022 TSX Venture Exchange Listed
Frankfurt Exchange Listed
News Release No. 381 – 2022
HAWKEYE MOBILIZES FOR EXPLORATION ACTIVITIES AT ITS
SELLER CREEK AND 2 ACES WEST PROPERTIES – 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 the start of field exploration over its 100% owned Seller Creek, Cariboo Valley and
2 Aces West properties, building on results gathered during the first phase of exploration work performed
during September and October 2021 (the “2021 work program” or “Exploration Program” ). The se
contiguous properties cover approximately 10,861.17 hectares (the “Properties”) and are strategically
located 28 kilometres (“km”) southeast of the Town of Barkerville in the prolific Barkerville / Cariboo gold
camp in central British Columbia (“BC”), Canada. The Properties lie within the southeasterly -striking
Snowshoe Group of the Barkerville Terrane which has been a focus for major historical and recent
exploration and mining.
2022 Work Programs
The 2022 work program is being guided by Phase 1 ground work completed in September – October 2021,
compilations of historical data associated with existing mineral files, regional trends and geophysical targets
identified through Hawkeye’s 2018 airborne geophysical survey by Geotech Ltd. (“Geotech”), and a
leading geophysical consulting firm who processed the raw data and completed an overall interpretation
including 3D inversion analysis.
Seller Creek
The program at Seller Creek will focus on two primary target areas:
• Goose Range Anticline: Mapping and sampling in 2021 identified an anticlinal fold in the Goose
Range of mountains. The axis of this structure was traced for 1.9km during the 2021 field activities
and nine of the 45 rock samples were collected along th e axis returning anomalous zinc values
between 30 and 383 parts per million (“ppm”). 2022 work will include traverses to extend the strike
and to identify further geochemical anomalies.
• Seller Creek Showing: A post-season literature review unearthed a mineral showing not recorded
in the Provincial “Minfile” database. The Seller Creek showing identified in the late 1990’s was
discussed in a summary paper reassessing the area for mineral potential (Ferri, 2001), and is
described as “disseminated chalcopyrite, galena and sphalerite within a quartz sandstone
immediately adjacent to a white and grey banded marble and can be traced for several hundred
metres”. Reported grab sample grades from outcrop are 0.39% copper, 0.19% lead and 0.1% zinc.
The location of this showing is coincident with a distinct magnetic “high” as reported by Geotech.
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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
Reconnaissance mapping of the entire property is planned to assess potential offset mineralization in the
fold axis and any other sites that are deemed of interest during the field program.
Figure 1: Goose Range Anticline (1) results from the 2021 traverse, Seller Creek showing (2) and offset
exploration targets (3).
2 Aces West
The 2 Aces West project work will be focused on exploration and sampling of rocks along the faulted
contact of the Lower Harvey’s Ridge and Downey Successions. To the northwest of the project area, several
mineral showings and historical workings for lead, silver, and gold trend along the same contact.
Samples collected in 2021 returned weakly anomalous results for lead and zinc collected from pyrite-
bearing quartz veins from the rocks along the contact. Although at an early stage, these new anomalies align
with known mineral showings . Additional work in 2022 will focus on definition of the trend and allow
additional time for regional mapping and sampling.
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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: 2021 traverses on 2 Aces West property along geological contact, along strike with lead-zinc and
gold mineral showings.
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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
Work at Cariboo Valley will consist mainly of road-side mapping through existing infrastructure and new
forestry roads to assess the underlying geology and its mineral potential.
Next Steps
The Company has now mobilized its geological teams onto the Properties to follow up on our initial
results. Work in 2021 was limited to roads and other accessible areas due to the early onset of winter
weather conditions. The early commencement of the 2022 program will allow for thorough exploration
of the principal targets and evaluate potential for further discoveries.
Message from the President
Mr. Greg Neeld, President & CEO of Hawkeye states, “With the recent sale of Hawkeye’s four Golden
Triangle Properties to Newcrest Mining, Hawkeye is excited to redirect its energies towards the
exploration and development of its 2 Aces East, 2 Aces West, Cariboo Valley, Seller Creek, Keithley
Creek and Swift River properties all located in the prolific Barkerville / Cariboo gold camp in central
British Columbia and the Bonanza high grade copper property on Vancouver Island. The Company is
also pleased about the verification and discovery of copper, cobalt, nickel, and zinc mineralization over
the Barkerville properties. These critical metals are becoming more important to the world and future
demand for Battery Metals are expected to significantly increase as the world transitions to the
emerging Electric Vehicle market and Green Energy electrification of the planet. We look forward to
announcing our results for the Keithley Creek and Swift River properties in short order and to
commencing the Company’s 2022 work programs.”
About Barkerville
Barkerville was the centre of the historic Cariboo gold rush starting in 1860. 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. Hawkeye’s six (6) Barkerville Properties
are either contiguous or near the southern boundary of the Osisko Development’s Cariboo Gold
Project. Osisko Development recently announced a measured and indicated resource of 3.2 million
ounces gold at 4.6 g/t and an inferred resource of 2.7 million ounces of gold at 3.9 g/t for their project.
The author cautions the reader that p roximity to resources are not an indication of expected results
from these properties but to be used as a guide only.
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 owns 100% interests in six precious and base
and battery metals properties in the world- class Barkerville gol d camp situated in the historic Cariboo
Mining District of central BC and a 100% interest in a high -grade copper property on Vancouver Island,
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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
BC. Consistent with Hawkeye’s vision to develop a prospect and royalty generator component for the
Company, and s ubsequent to the sale of its McBride, Railway, Boomerang and Todagin properties to
Newcrest Mining, Hawkeye owns a 2% net smelter royalty on each of these four copper, gold, silver,
platinum and zinc properties located in the prolific Golden Triangle of northwest BC which are subject to
buy-down provisions. 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.
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 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.