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 that HAWKEYE has received TSX Venture Exchange (TSX.V) acceptance for a Sale and Purchase Agreement (the “SAPA”) with an arms-length vendor to acquire a 100% interest in the Klastline property (the “Property”) which totals 654.47 hectares and is located approximately 12 kilometres east-northeast of the Village of Iskut, BC, Canada.
Under terms of the SAPA, HAWKEYE is required to issue the vendor 600,000 shares in the capital of the Company within thirty (30) days of TSX.V acceptance for the agreement to acquire a 100% interest in the Property. HAWKEYE has issued the shares and now owns a 100% interest in the Klastline Property. The Company is also required to issue an additional 250,000 shares to the vendor within ninety (90) days of the completion of a Preliminary Economic Assessment (PEA) report. The shares were issued with a four-month hold period expiring March 5, 2020. The acquisition is not subject to an NSR.
Two of the Property claims are contiguous to the southwestern border of HAWKEYE’s McBride Property and the northwest border of the Newcrest Red Chris mine. The other two claims are contiguous to HAWKEYE’s McBride and Railway properties to the northwest, all situated within the Red Chris Mining District of the BC Golden Triangle located in northwest British Columbia.
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 Golden Triangle of northwest BC, 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 discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.