Hawkeye Gold & Diamond Inc. (HGO.V)
Total Issued: 15,000,000, TSX: HGO.V, Area: Yukon Gold Rush
Now Commencing the 2011 Summer Work Program at the TOP Property, a 4511 Hectare Epithermal Gold-Silver Target on the Northern Edge of Yukon’s Carmacks Caldera.
Hawkeye Gold & Diamond identifies and acquires low-cost high potential mining opportunities worldwide. In 2011, the company became focused on becoming a leader in Yukon’s 21st Century Gold Rush, acquiring options on 3 properties in Yukon’s Carmacks Caldera.
Highlights
• Agreements recently approved (May, 2011) for 3 very prospective gold and silver properties located in Canada’s Yukon.
• $907,750 financing closed in March (oversubscribed, 6,051,670 Units @ $0.15 / Unit).
• Low shares outstanding (15.7 million shares outstanding following financing) trading @ $0.12.
• Exposure to the large Carmacks Caldera area, an underexplored but highly promising area of the Yukon (i.e. similarity with other gold rich calderas of the world, significant gold anomalies present, structural trends present, a past producer which was the richest Au/Ag mine in the Yukon).
• Now commencing important work program (announced June 30, 2011).
• Yukon is very mining friendly, with favorable mining and tax laws, good infrastructure. Yet it is underexplored, with over 20 million ounces of placer gold production and the bedrock source for all placer gold continuing to remain a mystery.
• There is now a gold rush going on in the Yukon, with 79,993 claims staked in 2010, exploration expenditures exceeding $160 Million in 2010, two new gold districts recently discovered (Dawson Range Gold District, Selwyn Basin Gold District), and significant major recent discoveries by Kaminak, Atac, Underworld Resources, and others
The Carmack Caldera Region, Yukon
Hawkeye is now active in and around the Carmack Caldera, a large (60km x 100 km), underexplored area situated in the basin of a collapsed volcano. In May, Hawkeye received TSX Venture Exchange (TSX-V) acceptance for filing of three separate but identical Option Agreements to acquire a 100% interest in each of the TOP, DART, and MINT Properties. The properties are situated in the Carmacks Caldera located 125 km northwest of Whitehorse. The Carmacks Caldera is inferred to be a volcanic-related subsidence structure (collapsed volcano) that is believed to be highly prospective for gold and silver for several reasons.
• Many economically important ore deposits in the western United States and in other parts of the world, are found within Collapsed Calderas (i.e. Lihir Island, Porgera, Round Mountain, Cadia Ridgeway).
• Located in the Carmacks Caldera, Mt. Nansen is the richest Au/Ag past producer in the Yukon – 446,549 tons @ 17g/t AuEq.
• Both NW/SE and NE/SW structural trends are present in the Caldera. NW trending structures are the main structural trends that host mineralization at the White Gold, Coffee, Casino, Mt. Freegold discoveries and at Mt. Nansen. Secondary NE trending structures have also been linked to gold deposition in the Dawson Range The Caldera has both of the these trends.
• The Carmack Caldera has the strongest group of gold anomalies as well as the strongest PCA anomaly in the Yukon.
• The Manganese (Mn) geochemical profile may be reflecting epithermal nature of the area.
• Important gold geochemical signatures are present.
• Strongest group of gold anomalies in the Yukon (highest 1% of gold anomalies in South Yukon).
For More Information on Hawkeye Gold:
Toll Free: 1-800-665-3624 Email: simonlea@hawkeyegold.com
Vancouver: 1-604-878-1339 Web Site: www.hawkeyegold.com
