Business
HAWKEYE GOLD & DIAMOND INC. SCOTIA PROPERTY WORK PROGRAM RESULTS
Jul. 12, 2011 (TheNewswire.ca) -- HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") i...
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 (TheNewswire.ca) -- HAWKEYE Gold & Diamond Inc. (the \"Company\" or \"HAWKEYE\") is pleased to announce that it is in receipt of results for a prospecting and geochemical sampling program for work that was performed on its Scotia Property. The Company can earn up to a 60% interest in the Scotia massive sulphide Property which totals 8,366.41 hectares and is located 42 kilometers east-southeast of Prince Rupert situated in the Skeena mining district of British Columbia. The Scotia Property is a poly-metallic zinc, lead, silver, gold and copper massive sulfide project and has incurred previous drilling over its known mineralized zone known as the Albere Zone.A resource estimate utilizing a 1% Zinc cut-off for the Albere Zone conducted by Giroux Consultants Ltd. (2009) is incorporated into a 43-101 report announced by HAWKEYE's partner Geo Minerals Ltd. (TSXV:GM) (OOTC:GMNRF) (TSX.V: GM) via a news release dated January 11, 2010 has estimated that the Measured + Indicated resource within the 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 Zone was 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.The same resource estimate indicates that there is an additional 702,000 tonnes within the mineralized shell at the Albere Zone classed as Inferred grading 4.47 % Zn, 13.74 g/t Ag, 0.45 % Pb, 0.10 % Cu, and 0.19 g/t Au. No economic parameters have been defined by the current Resource Estimate as to an appropriate cut-off for various types of mining. The Albere zone is open on strike to the northwest and open down dip to the west.A multi-parameter airborne geophysical survey was conducted over the Scotia Property during August, 2008. The airborne geophysical survey identified five first order anomalies, including the outcropping Albere Zone and approximately 14 secondary anomalies and anomalous trends. A geochemical sampling program was conducted during fall, 2010 to test selected airborne anomalies to determine if polymetallic geochemical anomalies are present.The 2010 field exploration program consisted of a geochemical survey targeted on selected Airborne Anomalies similar to the anomaly generated...