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HAWKEYE Acquires Seller Creek Project In Barkerville-Cariboo District
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2017) - HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSX VENTURE:HAWK) (FRANKFURT:HGT) (ISIN:
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2017) - HAWKEYE Gold & Diamond Inc. (the \"Company\" or \"HAWKEYE\") (TSX VENTURE:HAWK) (FRANKFURT:HGT) (ISIN: CA42016R3027) (WKN: A12A61): is pleased to announce it has entered into a Sale and Purchase Agreement (SAPA) with the vendor of the Seller Creek Project (the \"Property) to acquire a 100% interest in the 5,367-hectare Property situated approximately 42 kilometres south-southeast of the Town of Barkerville, BC, Canada. The Property includes claims located south of Cariboo Lake and contiguous to the western boundary of HAWKEYE's Cariboo Valley and 2 Aces properties. The Property lies within the southeasterly-striking Snowshoe Group of the Barkerville Terrane. This is the geological formation that hosts BGM's current gold mine development and exploration projects and also underlies a number of historic to recent placer gold claims and base metal occurrences within and adjacent to the Property. About the Barkerville-Cariboo District Placer gold was discovered and mined in the Cariboo Lake area along a number of drainages including Keithley, Snowshoe, Simlock and Harveys Creeks starting in 1860. The town of Barkerville became established as the centre of the historic Cariboo gold rush following the 1861-1862 discoveries to the north on Lightning Creek, Williams Creek and the surrounding area. The recorded production estimate from 1861-1987 reported more than 5,000,000 ounces of gold which included 3,800,000 ounces from placer operations and 1,230,000 ounces from lode mining. Recently, BGM, the current principal property holder in the district, announced resource definition on lode gold projects and large exploration programs focused along the NW to SE-directed high strain zones in the Barkerville Terrane. In addition to gold, numerous polymetallic occurrences (Zn-Pb-Cu±Ag±Au) are reported in vein, stringer stockwork and stratiform styles of deposition. Government publications and exploration assessment reports indicated favourable geology, coincident multi-mode geochemical anomalies and strong geophysical targets for Kuroko, Besshi and Mississippi Valley types of mineralization. Message from the President Mr. Greg Neeld, President & CEO states, \"HAWKEYE continues to build a portfolio of precious metal and base metal properties in the Barkerville-Cariboo gold distr...