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Hawkeye Gold & Diamond Inc. Scotia Property Work Program Results
Jul. 12, 2011 (Baystreet.ca) -- HAWKEYE Gold & Diamond Inc. (the “Company” or...
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"\nHawkeye Gold & Diamond Inc. Scotia Property Work Program Results\n\n Jul. 12, 2011 (Baystreet.ca) -- HAWKEYE Gold & Diamond Inc.(the “Company” or “HAWKEYE”) is pleased to announce that it is in receiptof results for a prospecting and geochemical sampling program for work that wasperformed on its Scotia Property. The Company can earn up to a 60% interest inthe Scotia massive sulphide Property which totals 8,366.41 hectares and islocated 42 kilometers east-southeast of Prince Rupertsituated in the Skeena mining district ofBritish Columbia. The Scotia Property is a poly-metallic zinc, lead, silver,gold and copper massive sulfide project and has incurred previous drilling overits known mineralized zone known as the Albere Zone.A resource estimate utilizing a 1% Zinc cut-off for the Albere Zone conducted byGiroux Consultants Ltd. (2009) is incorporated into a 43-101 report announcedby HAWKEYE's partner Geo Minerals Ltd. (TSX.V: GM) via a news release datedJanuary 11, 2010 has estimated that the Measured + Indicated resource withinthe Mineralized Shell is 802,000 grading 4.87% Zn, 13.87 g/t Ag, 0.53% Pb,0.09% Cu and 0.17g/t Au. The Total Measured plus Indicated Resource for the Albere Zonewas calculated to be 876,000 tonnes grading 4.35% Zn, 12.29 g/t Ag, 0.47% Pb,0.08% Cu, and 0.15 g/t Au.Thesame resource estimate indicates that there is an additional 702,000 tonneswithin the mineralized shell at the Albere Zone classed as Inferred grading4.47 % Zn, 13.74 g/t Ag, 0.45 % Pb, 0.10 % Cu, and 0.19 g/t Au. No economicparameters have been defined by the current Resource Estimate as to anappropriate cut-off for various types of mining. The Albere zone is open onstrike to the northwest and open down dip to the west. Amulti-parameter airborne geophysical survey was conducted over the ScotiaProperty during August, 2008. The airbornegeophysical survey identified five first order anomalies, including theoutcropping Albere Zone and approximately 14 secondary anomalies and anomaloustrends. A geochemical sampling programwas conducted during fall, 2010 to test selected airborne anomalies todetermine if polymetallic geochemical anomalies are present.The2010 field exploration program consisted of a geochemical survey targeted onselected Airborne Anomalies similar to the anomaly generated by the Alberezone. A total of ...