TOP PROPERTY 2011 WORK PROGRAM RESULTS

HAWKEYE carried out an exploration program during June and July 2011 over the TOP Property that consisted of 1,034 geochemical soil samples, 25 geochemical rock samples, and approximately 12 km of prospecting and reconnaissance geological traverses. Work was concentrated in two areas designated TOP North and TOP South, covering approximately 20% of the Property.

NI 43-101 Concludes TOP Property has Potential to Host an Economic Gold Deposit

Subsequent to completion of our 2011 work program over the TOP Property the Company completed its first NI 43-101-Technical Report. The report was prepared and signed off by Mr. Ed Harrington (P.Geo.) who is hereby identified as HAWKEYE Gold’s “Qualified Person”, as defined by NI 43-101, for the TOP Property.  The complete NI 43-101 Technical Report is available in PDF download here.

The NI 43-101 Technical Report concludes that the TOP Property principal targets are an epithermal gold-silver or a porphyry copper-gold deposit and has the potential to host an economic gold deposit for the following reasons:

1. Carbonatization and silicification of volcanic rocks in the TOP North area show that rocks have been altered by hydrothermal fluids and that the resulting fracturing and chemically enhanced porosity could provide a suitable location for gold precipitation;
2. Interpreted structural trends coincide with soil anomalies suggesting the presence of structurally controlled mineralization;
3. Significant gold in soil anomalies occur on the Property as do hydrothermal trace element anomalies such as arsenic, antimony, and barium; and
4. The TOP property has lithological and geophysical similarities to nearby gold deposits.

TOP North Area

In the TOP North area, soil results show that anomalous gold values occur across the sampled area, but are concentrated in an arc located to the east, south, and west of the central plutonic granitic knoll. Gold and barium distribution appears to be closely associated. Copper values are low and widely scattered, but distribution is similar to gold and barium. Historically, gold values from soil sampling are considered significant when greater than .020 ppm. Gold values from soil sampling on the Property range from <0.005 up to 0.112 ppm, silver values ranged from <0.1 ppm to 0.5 ppm, copper values from 4 ppm to 80 ppm, molybdenum <1 to 18 ppm, Antimony from <2 ppm to 16 ppm, barium from 21 ppm to 1035 ppm, and arsenic from 5 ppm to 202 ppm.

TOP North – Gold, Molybdenum, and Copper Soil Geochemistry

TOP North – Gold, Silver, Arsenic and Antimony Soil Geochemistry

TOP North – Gold, Barium and Antimony Soil Geochemistry

TOP North Rock Analyses – showing the high and low value ranges in table below:

TOP South Area

In the TOP South area, zinc, manganese, and lead values are scattered across the sampled area, but show clusters in the eastern and western portions of the sampled area. These three elements show a close positive association where high values of one element are closely associated with high values of the other elements. Soil samples analysis returned values of lead ranging from <2 ppm to 166 ppm, zinc from <2 ppm to 246 ppm, and manganese from <5 ppm to 7,817 ppm.

TOP South – Lead, Zinc and Manganese Soil Geochemistry

TOP South Rock Analyses – showing the high and low value ranges in table below:

The TOP Property Compilation Gravity (Figure 14 below)

The figure below shows the relationship between the TOP Property and the Klaza and Nucleus Deposits. Each is situated along the rim of a gravity low, suggesting that mineralization at TOP, Klaza, and Nucleus could be related to hydrothermal activity from the same or related intrusive events.

The Top Property Structural Interpretation (Figure 13 below)

The figure below shows the compilation and structural interpretation of the TOP Property and the surrounding area (Figure 13 below) that suggests the area is cut by numerous generally northeast and northwest-trending faults and/or lineaments. As well, there are interpreted arcuate lineaments suggesting Caldera formation or subsidence. The raised area at the centre of the arcuate structure could be the surface expression of intrusive-related doming effect. Gold and antimony soil anomalies appear to be related to some of the interpreted fault structures.

The Company is very encouraged by the results of its 2011 work program over the TOP Property and looks forward to advancing the Property to the drilling stage.

Further news will be forthcoming with regards to the Company’s 2012 work and drill program on the TOP Property.

If you require additional information on the Company or the work and drill program for the TOP Property, feel free to contact our Investor Relations department below:

HAWKEYE Gold & Diamond Inc.

INVESTOR RELATIONS