- HAWKEYE Gold & Diamond Inc. - http://www.hawkeyegold.com -


Posted On December 7, 2018 @ 13:25 In News

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HGO; 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 Swift River property (the “Property”) to acquire a 100% interest in the 1,405 hectare property, which is located approximately 17 kilometres south-southwest of the Town of Barkerville, BC, Canada. The Swift River property lies within the southeasterly-striking Snowshoe Group of the Barkerville terrane on a trend from Yanks Peak. The Snowshoe Group hosts Barkerville Gold Mines’ (“BGM”) Cariboo Gold Project. BGM is primarily focused on developing the Bonanza Ledge and BC Vein deposits on Barkerville Mountain, while developing and delineating a mineable resource at Island Mountain and Cow Mountain. This fifth acquisition in the Barkerville area increases the size of HAWKEYE’s land position from 16,435 to 17,840 hectares.

About the Barkerville-Cariboo District and BGM

The Company’s Barkerville properties are situated within the Cariboo Gold Belt, an area that has produced over 4.5 million ounces of gold from alluvial and lode deposits. The principal lode deposits are held by Barkerville Gold Mines, who in their 2018 Corporate Update published a resource of 1.60 million ounces of gold in the measured and indicated categories (8.1 million tonnes grading 6.1 g/t Au) and 2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au) from their Cariboo Gold Project, which is located approximately 20 km north of the Swift River Property and 40 km north-northwest of Hawkeye’s other Barkerville properties (http://barkervillegold.com/wp-content/uploads/2018/09/CorporateUpdateSeptember11_2018-1.pdf [1]).

Agreement Details

The Swift River Property acquisition is subject to a $4,000.00 cash payment and the issuance of 200,000 shares and a further 250,000 share issuance should the property advance to a Preliminary Economic Assessment (PEA) study. The acquisition is not subject to an NSR. The Sale and Purchase Agreement between HAWKEYE and the Vendor is subject to TSX approval.

Qualified Person

Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a senior geologist with CJG and a qualified person for the purpose of National Instrument 43-101. Mr. Mitchell has prepared, reviewed and validated that the technical information contained within this release is accurate.


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 HGO 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.

Article printed from HAWKEYE Gold & Diamond Inc.: http://www.hawkeyegold.com

URL to article: http://www.hawkeyegold.com/2018/12/hawkeye-acquires-fifth-property-in-barkerville-terrane-bc-canada/

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[1] //barkervillegold.com/wp-content/uploads/2018/09/CorporateUpdateSeptember11_2018-1.pdf: http:////barkervillegold.com/wp-content/uploads/2018/09/CorporateUpdateSeptember11_2018-1.pdf

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