HAWKEYE Gold and Diamond Inc. owns an option to purchase a 100% interest in the TOP Property (“Property”) which totals 4,511 hectares. The Property is situated within the Carmacks Caldera, a newly discovered 60 km by 100 km volcanic-related subsidence structure formed in the Late Cretaceous period approximately 65-70 million years ago and is visible in Landsat images. The central part of the caldera is a low lying unglaciated area of the Yukon Plateau situated approximately 124 km southeast of Whitehorse. The TOP property is located 207 km northeast of Whitehorse and 59 km north west of Carmacks with exploration targets of Epithermal Gold-Silver model and Prophyry Copper-Gold Model.
The Carmacks Caldera is inferred to be a volcanic-related subsidence structure (collapsed volcano) that hosts significant northwest-trending geological structures and has important gold geochemical signatures and is thought to be the originating source of many of the Yukon’s mineralization events in the Dawson Gold Belt. The Carmacks Caldera is an underexplored area and is considered to be a new and developing discovery area play in the Yukon. There are new and significant discoveries by other companies adjacent and within close proximity of the TOP Property. The Property is also situated 20 km northwest of the past producing Mt. Nansen high grade gold-silver mine.
Underexplored – Never Drilled – Bulls Eye Magnetic High
Significant Gold in Soil and Stream Sediments – Excellent Infrastructure
The Carmacks Caldera contains the most concentrated number of 99th percentile (>100 ppb) stream sediment gold anomalies in Yukon, and has predominant north westerly and cross-cutting north easterly structural trends. Northwest-trending regional structures and related northeast and east-trending cross structures have been identified by the Yukon Geological Survey (“YGS”) as the main structural trends hosting mineralization throughout the Dawson Range Gold Belt. Structural analysis, magnetic data, and regional geochemical data were used to identify the TOP Property as a highly prospective target.
The TOP Property is situated approximately 20 km northwest of the Mt. Nansen past producing gold mine. The Mt. Nansen vein-type porphyry- and breccia-related deposits are linked to northwest-trending faults associated with strong magnetic anomalies in the immediate vicinity of northeast-striking cross faults. The Mt. Nansen property is situated along the northern edge of the caldera and contained an estimated 556,500 tonnes grading 11.93 g/t gold and 211 g/t silver. Regional geological mapping was conducted north of the caldera in the mid 1980′s. No detailed mapping has been carried out since then. Property lithology shows significant structural trends and, based on the 1986 geological interpretation, consists of Cretaceous-age (65-145 million years ago) intrusive in contact with Cretaceous-age Carmacks volcanics.
The TOP Property is located along a northwest-trending fault structure, which appears to pass through the Mt. Nansen Mine area to the southeast. Northeast-trending structures cut across the Property, intersecting the main northwest-trending structure in several locations. The Property is underlain by a large, slightly elongated, bull’s-eye magnetic high anomaly. The Property has several gold anomalies found in creeks draining the entire length of the Property. A repeatable gold anomaly with values of 12 ppb / 24 ppb and an 18 ppb gold anomaly were identified in creeks on the northern end of the claims. Other gold anomalies found in creeks draining the Property included values of 17 ppb and 106 ppb. Significant gold anomalies have been found in soils on the Property. In 1971, Kennco Explorations identified a 345 ppb gold soil anomaly and several other 100+ppb gold soils on the northern part of the Property close to an area where two creeks with anomalous stream sediments gold anomalies originate.
The rock sample (right) from the TOP Property is a porphyry intrusive cut by sheeted veins with tightly spaced sheeted vein arrays observed, quartz veins carrying sulphides and has disseminated sulphides (pyrite) present in the rusty intrusive rock. A 385ppb gold anomaly in soils has been mapped near this outcrop. Of interest, the Fort Knox Gold Deposit in Alaska was formed in rock type similar to the rock sample (right) click to view rock sample….
- Access to the Property is accessible by helicopter from Whitehorse and/or Carmacks
- Carmacks is accessible from Whitehorse by vehicle via the paved Klondike Highway
- Off road access from Carmacks to close proximity of the Property
- Full access to the Property by off roads that require upgrading
- Whitehorse is the regional centre for supplies and personnel
- Accommodation and supplies available in Carmacks
- Hydro Powerline (138kv) is accessible from Carmacks click to view map..
- Mineral products can be shipped from Camacks to Whitehorse then to the Port of Skagway or Haines, Alaska to the world click to view map..
2011 Work Program Results
HAWKEYE has received and posted results from its 2011 work programs over the TOP Property on our website. To view the TOP Property Work Program Results click here..
2012 Work and Drill Program to be Announced
For more information on the Top Property work and drill programs, feel free to contact our Investor Relations Department below:
HAWKEYE Gold & Diamond Inc.