August 14, 2019
News Release No. 318 - 2019
TSX Venture Exchange: HAWK
Frankfurt Exchange: HGT
HAWKEYE CONTRACTS INDUCED POLARIZATION GEOPHYSICAL SURVEY OVER MCBRIDE PROPERTY IN THE BC GOLDEN TRIANGLE
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 that HAWKEYE has contracted with Dias Geophysical Ltd. (DIAS) to perform its 2019 ground-based Induced Polarization (IP), resistivity and chargeability geophysical surveys over the Company’s McBride Project, which is strategically situated within the Golden Triangle of northwest BC.
The survey will total approximately 15 line-km and will cover approximately 7 km,2 encompassing two magnetic anomalies identified from an airborne geophysical survey. The northern part of the area contains a cigar-shaped magnetic high which is coincident with a 2 km long Cu-Au geochemical trend that has returned samples running up to 5.18 g/t Au and 1.89% Cu. The western area contains an annular-shaped magnetic high, characteristically associated with intrusions, and locally associated with Cu-Au porphyry deposits.
The IP and resistivity survey will be performed using the DIAS32 system, which will provide both 2D and 3D data sets designed to outline resistivity and chargeability anomalies at depths of over 750 metres. The Company is looking for deep-seated porphyry-style deposits common to the region, which can exhibit mineralization from surface to 1000 metres depth as shown at the nearby Red Chris Mine.
High priority ground geophysical anomalies interpreted from the survey will be tested by a diamond drill program of up to 3,000 metres which is planned for later in 2019.
Mr. Greg Neeld, President & CEO of the Company states “HAWKEYE’s late 2018 exploration programs at the McBride property identified a number of areas warranting follow-up with ground-based Induced Polarization geophysical surveys, with the ultimate goal of drill testing the highest priority geophysical-geochemical anomalies later this season. The Company is excited to be strategically positioned in the Golden Triangle, with two of the world’s largest miners making significant investments in the area. HAWKEYE is excited to begin the ground geophysical survey, which will assist the Company in defining drill targets, and should position it well for potential discovery!”
Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a senior geologist with C.J. Greig & Associates and a qualified person for the purpose of National Instrument 43-101. Mr. Mitchell has prepared, reviewed and validated the technical information contained within this release.
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 Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. 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.
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