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Gold and Copper Mineralization Discovered During Phase 2 Exploration at the McBride Property
VANCOUVER, BC / ACCESSWIRE / November 19, 2018 / HAWKEYE Gold & Diamond Inc. (the "Compan...
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"Gold and Copper Mineralization Discovered During Phase 2 Exploration at the McBride PropertyVANCOUVER, BC / ACCESSWIRE / November 19, 2018 / HAWKEYE Gold & Diamond Inc. (the \"Company\" or \"HAWKEYE\") (TSX-V: HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce assay results from its recently completed Phase 2 work program at HAWKEYE's 100% owned McBride property. The McBride property totals 4,133 hectares, is contiguous with the Red Chris Mine property of Imperial Metals to the south, and lies only 18 km east of GT Gold's exciting \"Saddle\" discovery, where recent drilling yielded an intercept of 1.02 g/t Au, 0.51% Cu and 1.72 g/t Ag over 363 m.The program was conducted on the Company's recently acquired claims announced on October 5, 2018 (News Release No. 297 - 2018), which border the northern and eastern sections of the original McBride claims. The campaign was designed to further assess mineral showings, both historical and newly discovered, that were examined during HAWKEYE's first phase program.A total of 11 mineralized rock samples were collected, mainly from the previously outlined two kilometer copper mineralized trend (see Figure 1 below). In the northeastern part of the trend, two samples from narrow copper-bearing carbonate veins hosted by a monzonite plug or large dyke returned 5.18 g/t gold and 0.97% Cu and 2.68 g/t Au and 0.86% Cu, respectively. Encouraging results were also returned along the copper trend, with samples returning copper grades ranging from 0.248 to 1.89%. Within the copper mineralized trend, a coincident 500 m wide by 2000 m long linear magnetic high was outlined by Geoscience B.C.'s Quest-Northwest Airborne Magnetic Survey (Figure 2). This magnetic high may reflect the presence of a partially covered monzonite intrusion. The copper and gold grades along the copper mineralized trend, together with widespread propylitic alteration and the coincident airborne magnetic high, may represent the upper and/or distal parts of a potentially sizeable porphyry copper-gold system at depth.A second magnetic anomaly consisting of an 1000 by 1000 m annular magnetic high, typical of Cu-Au porphyry deposits in this district, is located approximately 1.5 km southwest of the two-kilometer copper mineralized trend (Figure 2). A grab sample of hydrothermally altered intrusive roc...