🕐11.07.11 - 16:54 Uhr
HAWKEYE GOLD (HGO.V) SCOTIA PROPERTY RESULTS
SCOTIA PROPERTY WORK PROGRAM RESULTS
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Shares Issued 15,771,547
Hawkeye Gold & Diamond Inc.
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-per-cent interest in
the Scotia massive sulphide property which totals 8,366.41 hectares and
is located 42 kilometres east-southeast of Prince Rupert situated in the
Skeena mining district of British Columbia.
The Scotia property is a
polymetallic zinc, lead, silver, gold and copper massive sulphide
project and has incurred previous drilling over its known mineralized
zone known as the Albere zone.
A resource estimate using a 1% Zinc cut-off for the Albere Zone
conducted by Giroux Consultants Ltd.
(2009) is incorporated into a
43-101 report announced by HAWKEYEs partner Geo Minerals Ltd.
(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
by the Albere zone.
A total of 64 rock chip, 136 moss mat - active
stream sediment and 67 soil samples were taken.
Samples were flown by
helicopter to Prince Rupert and transported by truck and delivered to
Acme labs processing facility on Powell Street, Vancouver for analysis.
Virtually all Airborne Anomalies sampled returned geochemically
anomalous or elevated values for the various sample types taken and
values of over 1,000 ppm Zn were encountered from "in place" rock chip
sampling in the general vicinity of the Albere Zone.
Additional prospecting and follow-up geochemical sampling is warranted
to attempt to discouver clustered VMS occurrences similar to the Albere
Zone that may be present on the property.
Mr.
Arne O.
Birkeland, P.Eng., acting as Qualified Person as defined by
National Instrument 43-101 for the Scotia Property is responsible for
the technical information reported in this news release.
HAWKEYE GOLD & DIAMOND INC.
Toll Free: 1-800-665-3624 Email:
Vancouver: 1-604-878-1339 Web Site: www.hawkeyegold.com
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