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Hawkeye Gold & Diamond Inc (3)
Symbol C : HAWK
Shares Issued 35,716,442
Close 2018-10-11 C$ 0.06
Recent Sedar Documents

Hawkeye Gold to acquire 1,360 hectares at McBride

2018-10-11 13:38 ET - News Release

Mr. Greg Neeld reports

HAWKEYE ACQUIRES AN ADDITIONAL 1,360 HECTARES CONTIGUOUS TO THE MCBRIDE PROPERTY IN THE BC GOLDEN TRIANGLE

Hawkeye Gold & Diamond Inc. has entered into a sale and purchase agreement (SAPA) with the vendor of the Klappan project to acquire a 100-per-cent interest in the 1,360-hectare property, which is contiguous to the eastern boundary of Hawkeye's McBride property. The property is located along the Klappan River and is contiguous to the northern boundary of the Red Chris mine (Imperial Metals) and within two kilometres of properties held by GT Gold.

The property was staked to cover historical rock sampling with results up to 8.78 grams per tonne gold on the claims. The claims are underlain by the Stuhini sediments and Hazelton volcanics, which are the same rock types associated with the Red Chris mine, GT Gold's recent significant discoveries and other significant discoveries in the British Columbia Golden Triangle.

These claims will form part of the McBride property, increasing its size from 2,635 hectares to 3,995 hectares.

Agreement details

The property acquisition is subject to a $3,000 cash payment and the issuance of 100,000 shares and a further 250,000-share issuance should the project proceed to a preliminary economic assessment (PEA). The acquisition is not subject to a net smelter return royalty. The sale and purchase agreement between Hawkeye and the vendor is subject to Toronto Stock Exchange approval.

Qualified person

Greg Davison, MSc, PGeo, senior technical adviser to Hawkeye, is the company's designated qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Davison has prepared, reviewed and validated that the technical information contained within this release is accurate.

About Hawkeye Gold & Diamond Inc.

Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C., Canada. The company's precious metal and base metal properties are located in the prolific British Columbia Golden Triangle, world-class Barkerville gold camp and Vancouver Island, British Columbia, Canada.

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