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Hawkeye Gold Acquires Barkerville 2 Aces Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 16, 2017) - HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSX VENTURE:HGO) (FRANKFURT:HGT) (ISIN:CA
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 16, 2017) - HAWKEYE Gold & Diamond Inc. (the \"Company\" or \"HAWKEYE\") (TSX VENTURE:HGO) (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 Barkerville 2 Aces Project (the \"Property) to acquire a 100% interest in the 5,044 hectare Property situated approximately 32 kilometres southeast of the Town of Barkerville, BC, Canada. The Barkerville 2 Aces Project lies within the southeasterly-striking Snowshoe Group of the Barkerville Terrane. This is the geological formation that hosts Barkerville Gold Mines' (\"BGM\") current gold exploration and mine development projects, including Island Mountain, Cow Mountain and Bonanza Ledge. About the Barkerville-Cariboo District and BGM Barkerville was the centre of the historic Cariboo gold rush starting in 1860. 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 principal property holder in the district, has announced resource definition on lode gold projects and large exploration programs focused along the Cariboo Break. BGM has eight (8) drills conducting a 130,000 metre drill program in 2017 and has released many positive results. BGM also plans to complete 120,000 metres of drilling during 2018 and 2019. Message from the President Mr. Greg Neeld, President & CEO states, \"HAWKEYE is excited to be involved in the Barkerville-Cariboo gold district. It places HAWKEYE in a historical mining district continuously productive for more than 150 years and with recent exploration successes and ongoing mine development activity. The 2 Aces Property is on strike with the Cariboo structural trend which transects many of the past-producing gold mines. The Company has purchased the Property based on its highly favourable location, geology and geophysical features as a first step to additional strategic and prospective acquisitions in the Barkerville area. BGM is drilling 250,000 metres within two years and its success identifying greenfield drill targets points to increased potential and opportunity within the Barkerville-Cariboo gold district. We look forward to implementing our exploration pr...