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Hawkeye Signs LOI for $4.5MM JV on Former Producer-Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2016) - Hawkeye Gold & Diamond Inc. (TSX VENTURE:HGO)(FRANKFURT:HGT) - Hawkeye Gold & Diamond Inc. wishes t
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2016) - Hawkeye Gold & Diamond Inc. (TSX VENTURE:HGO)(FRANKFURT:HGT) - Hawkeye Gold & Diamond Inc. wishes to withdraw the Press Release dated November 5, 2016 in its entirety, at the request of IIROC, and replace it with the current release to be compliant with National Instrument 43-101. Investors are advised to disregard all statements made in the previous release regarding historical resource calculations. There are currently no reserves or resources on the La Cobriza Project, and exploration will be required to establish any reserves if present. There can be no assurance that any resources or reserves can be established on the Project or that if discovered that any such resources or reserves can be economically recovered. Vancouver, British Columbia - 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 letter of intent (LOI) to earn a 50-per-cent interest in the La Cobriza Project for $4.5-million (U.S.) from an independent third party. This gold and silver project is located 125 kilometres northeast of Mazatlan and 150 km west-northwest of Durango City, Durango, Mexico, near the Tayoltita Mine of Primero Mining Corp. The Temehuaya claim, which forms part of the La Cobriza Project, is located approximately 25 kilometres east of Cobriza. La Cobriza project highlights The Project lies in the centre of the historical rich San Dimas mining district where high-grade gold-silver veins were discovered around 1757 (Dahlgren, 1882). The district has produced an estimated 9.5 million ounces of gold and 750 million ounces of silver (Megaw 2004). High-grade Au-Ag low sulphidation epithermal veins have been intermittently mined on the Cobriza property and will be a primary exploration focus. The Project contains five concessions totaling approximately 854 hectares. There are four known mineral structures in the Cobriza group and five known mineral structures in the Temehuaya concession. A 40-tonne-per-day flotation mill, previously operational is located 1,000 metres from the mine. The flotation plant is located on one hectare of privately owned land. An option may be exercised in 2018 to purchase a total of 280 hectares including the aforementioned one hec...