Business
Hawkeye Acquires Drill Ready High Grade Copper Property
(via Thenewswire.ca) HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") announces t...
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"\nHawkeye Acquires Drill Ready High Grade Copper Property\n\n(via Thenewswire.ca)\n\n \nHAWKEYE Gold & Diamond Inc. (the \"Company\" or \"HAWKEYE\") announces that it has signed a binding Letter Agreement to acquire an option on the DASS Mountain and Klaskino Inlet Properties. Under the terms of the Letter Agreement HAWKEYE can acquire a 100% interest in the DASS Mountain claims which are located in a mineralized mining district on northwest central Vancouver Island, BC, situated approximately 30 km southwest of Campbell River. The DASS Mountain claims are situated approximately 150 km south of the past producing Island Copper Mine (BHP Minerals) which was located sixteen (16) kilometres south of Port Hardy. The Island Copper Mine was a 50,000 tonnes per day open-pit copper mine that opened in 1971 and closed in 1995. More than one billion tonnes of rock was removed from the open-pit and the mine produced metal concentrates containing more than 1.3 million tonnes of copper (2,705,800,366 pounds), 31,000 tonnes of molybdenum (70,569,657 pounds), 31.7 tonnes of gold (1,133,878 ounces), 336 tonnes of silver (9,455,712 ounces) and 520 pounds of Rhenium. By the time the mine closed in 1995, Island Copper was the third largest mine in Canada and had remaining reserves estimated at 23.4 million tonnes grading 0.33% copper (Cu), 0.02% molybdenum (Mo), 0.16 g/t gold (Au) and 1.2 g/t silver (Ag). The DASS Mountain Property is also situated approximately 35 km north of the Myra Falls Mine which has been producing average ore concentration of 5.4% zinc (Zn), 0.5% lead (Pb), 1.0% copper (Cu), 45 g/t silver (Ag) and 1.3 g/t tonne gold (Au) since 1966.\n\n\n \nWith regards to the Klaskino Inlet Property, HAWKEYE can acquire a 100% interest in these claims which are also located on Vancouver Island situated approximately 45 km southwest of Port Alice. The Klaskino Inlet Property is subject to a nine (9) month option period whereby the Company has nine months from TSX Venture acceptance of the DASS Mountain Property Option Agreement to give notice to the Optionor that it wishes to enter into a formal Option Agreement to acquire a 100% interest in the Klaskino Inlet Property.\n\n\n \nRecently the Company and its consulting geologist made property visits to the DASS Mountain and Klaskino Inlet Properties with the vendor of the claims. During t...