HAWKEYE PROVIDES AN UPDATE ON FUTURE EXPLORATION PLANS AT ITS MCBRIDE PROPERTY AND REPORTS RESULTS FROM 2019 DRILLING

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to provide an exploration update for its wholly owned McBride property (the “Property”), and to announce the results from its 2019 drill program. The drill program tested what is known as the western anomaly, one of two Induced Polarization (IP) chargeability highs identified on the Property from a ground-based survey performed by Dias Geophysical during August and September, 2019.

HAWKEYE’s 56.6 km2 McBride property is situated in the northeast corner of British Columbia’s Golden Triangle, approximately 12 kilometres north of the Red Chris Cu-Au mine, and 18 kilometres east-northeast of GT Gold Corp’s Saddle North Cu-Au and Saddle South Au-Ag prospects.

McBride Property Update

Between August and October 2019, the Company expanded the Property by acquiring an additional 14.6 km2 of claims that are contiguous with and lie mainly to the northwest of the previously existing McBride claim block. The acquisition extends the strike length of an attractive belt of previously outlined mineralized porphyry and breccia mineral occurrences to over 3 kilometres (fig 1.). The belt encompasses the undrilled northern chargeability anomaly and the acquisition has redirected the focus for future exploration at the McBride Property, with the aim being to systematically explore the belts historical mineral showings and their depth potential. Planned exploration will include detailed mapping, prospecting and soil geochemical sampling, followed by further Induced Polarization surveys. This work should help delineate specific drill targets and possibly the structural controls for a suspected underlying porphyry system.

2019 Diamond Drilling

The 2019 drill program was limited to a single vertical drill hole, MB-19-01, 703.17 metres deep, which targeted the broad IP chargeability high outlined at the western anomaly (fig. 1). The drill hole intersected volcanic rocks of dominantly andesitic composition, which vary from fine grained to porphyritic in texture. The lithologies intersected are interpreted to be flows and fragmental units and high-level intrusions. In thin sections of the interpreted intrusions, abundant very fine-grained groundmass feldspar and less common fine to medium grained feldspar phenocrysts generally display mild alteration to carbonate, epidote-group minerals, or sericite (fine-grained “white mica”). Subordinate finer-grained mafic minerals are typically altered completely to chlorite and epidote, and these alteration minerals are even more abundant in local crackle-breccia zones observed in thin section. The rocks are cut by local calcite veinlets, with rare disseminated pyrite. Magnetic highs from the Company’s downhole magnetic susceptibility logs correspond well with predicted depths of the modeled IP chargeability high, and the relative abundance of finely disseminated magnetite observed in thin [Read more...]

HAWKEYE RECEIVES MCBRIDE PROPERTY ASSAY RESULTS

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): announces that subsequent to a news release dated January 31, 2020 (news release No. 341-2020), the Company announces the receipt of all assay results from ALS Global Ltd. for the 2019 drill program at the McBride Property. Results will be released upon compilation and interpretation by HAWKEYE’s qualified person (QP).

During the 2019 drill program, Hawkeye drilled a 703.17 metre deep vertical hole in an attempt to test [Read more...]

HAWKEYE LAB ASSAY RESULTS UPDATE

Release Date:   January 31, 2020

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): announces that there will be a delay in the Company announcing assay results from its October 2020 drill program until the end of February, possibly early March 2020. Core from the 703.17 metre drill program was sent to the Lab during late October 2019. This delay is a result of the Lab asking for payment in advance before releasing assay results to the Company and due to bad market conditions resulting in Hawkeye not being able to close the second tranche of a $500,000 private placement totaling $281,000 (refer to news release No. 340 – 2020 dated January 9, 2020). Management is in discussions intending to arrange for short term financing and/or a private placement and will keep our shareholders and the investment community updated regarding this matter. The Company and its geologists have no knowledge of the assay results which will be released as soon as Hawkeye receives results from the Lab and our geologists have had time to review the report. [Read more...]

HAWKEYE CLOSES NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): announces that it has received TSX Venture Exchange acceptance for and closed upon a non-brokered flow-through unit and non-flow-through unit financing which was originally announced on September 23, 2019 (news release No. 326 – 2019) followed by a subsequent announcement on November 18, 2019 (news release No. 337 – 2019) relating to the closing of the first tranche of this financing for $219,000. This placement was originally announced for total proceeds of $500,000 (Cdn), however, due to unfavorable market conditions HAWKEYE closed the placement by issuing 1,000,000 flow-through-units at a price of 0.05 per unit (“Flow-Through-Unit) and 3,380,000 non-flow-through units at a price of $0.05 per unit (“Common Unit”) for total proceeds of $219,000 (raised during the first tranche). [Read more...]