Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce it has entered into a Sale and Purchase Agreement with the vendor of the Bonanza Lake mining claims (the “Property”) to acquire a 100% interest in three claims totaling 825.75 hectares which are located on the northern end of Vancouver Island, British Columbia, Canada. The Property is located approximately 110 kilometres northwest of Campbell River and 69 kilometres southeast of Port Hardy and increases the size of the Bonanza Property from 227.04 hectares to 1052.79 hectares.
Agreement Details
The Property acquisition is subject to a $1,500 cash payment and the issuance of 100,000 shares, plus a further issuance of 250,000 shares should the property advance to a Preliminary Economic Assessment (PEA). The acquisition is not subject to an NSR. The Sale and Purchase Agreement between HAWKEYE and the Vendor is subject to TSX approval.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company’s precious and base metals properties are located in the prolific BC Golden Triangle, in the world-class Barkerville gold camp and on Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with blue sky discovery potential. Our aim is to make discoveries which have the potential for production and cash flow, but in doing so to manage our business in an environmentally responsible manner while contributing to the local community and economy.