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GT Gold

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GTT

CA36251Y1051

GT Gold : HAWKEYE INCREASES ITS RAILWAY LAND PACKAGE AHEAD OF 2020 EXPLORATION AT MCBRIDE AND RAILWAY PROPERTIES, GOLDEN TRIANGLE OF BRITISH COLUMBIA

July 31, 2020 at 09:33 am EDT

Vancouver - HAWKEYE Gold & Diamond Inc. (the 'Company' or 'HAWKEYE') (TSX.V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that it has acquired by staking a 100% interest in an additional 412.84 hectares increasing the size of the Railway property to 1,341.8 hectares.

The Company staked the claims to cover the intrusive and structural contact between the Railway Pluton and the Stikine Assemblage to the northwest and the Klastline Formation, a Hazelton-equivalent volcanic-dominant assemblage, and the overlying Spatsizi Formation, to the southwest. The new claims are prospective for porphyry and vein-style Cu-Au-Mo mineralization, with two known gold and copper showings, and are located contiguous with the northeastern boundaries of the current Railway and McBride properties.

HAWKEYE's 100% owned McBride (4,202.08 ha) and Railway (1,341.8 ha) properties are strategically located in the northeast corner of the BC Golden Triangle, approximately 12 kilometres north of the Red Chris Cu-Au mine, and 18 kilometres east of GT Gold Corp's Saddle North Cu-Au and Saddle South Au-Ag discoveries.

HAWKEYE plans to perform its summer work program over the promising northern IP chargeability target located on the McBride property. This target was not drilled in 2019 because of the onset of severe winter conditions. The Railway property, which the Company acquired between August and October 2019, is contiguous with the northwest part of the McBride property. The Railway acquisition extends the target area through the undrilled northern chargeability anomaly along a 3 kilometre belt of known mineralized porphyry and breccia mineral occurrences on HAWKEYE's mineral tenures. Assays from the previous exploration reported Cu values to 6.92%, Au to 5.18 g/t and Ag to 57 g/t with highly variable Cu:Au ratios.

The proposed 2020 summer exploration program includes but is not limited to detailed mapping, prospecting, rock and soil sampling, followed by an expansion of the current Induced Polarization (IP) survey coverage. This work is focused on the delineation of the highest priority drill targets while investigating the geological, geochemical and structural controls which may be spatially associated with a porphyry system at depth.

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.

Contact:

Tel: 778.379.5393

Fax: 778.379.5396

Email: hgo@hawkeyegold.com

Web: www.hawkeyegold.com

Latest news about GT Gold

Newmont Brief: Completes Acquisition of GT Gold	21-05-17	MT
GT Gold Corp.(TSXV:GTT) dropped from S&P/TSX Venture Composite Index	21-05-17	CI
Newmont Corporation completed the acquisition of remaining 85.1% stake in GT Gold Corp. from The K2 Principal Fund L.P., fund managed by K2 & Associates Investment Management Inc., Muddy Waters, LLC, Ross Beaty and Directors and senior officers of GT Gold.	21-05-16	CI
Newmont Mining : GT Gold Corp. Receives Final Order In Relation To Newmont Deal	21-05-11	MT
Canadian First Nation, with rare sway over mining, puts Newmont on notice	21-04-29	RE
Gt Gold Corp. Reports Earnings Results for the Full Year Ended December 31, 2020	21-04-23	CI
Materials Up As $1.9 Trillion Stimulus Bill Goes To Biden's Desk -- Materials Roundup	21-03-10	DJ
Update: GT Gold Soars 59% as Newmont to Fully Acquire Company for US$311 Million	21-03-10	MT
K2 Principal Enters into Settlement Agreement with GT Gold	21-03-10	CI
Newmont Mining : to Fully Acquire GT Gold for US$311 Million	21-03-10	MT
Newmont : to Buy Rest of GT Gold for $311 Million	21-03-10	DJ
Newmont Brief: Transaction Price Represents a Premium of 38% to the 20-day Volume Weighted Average Price of GT Gold's Shares on the TSX-V as at March 9, 2021	21-03-10	MT
Newmont Brief: Total Equity Value Approximately C$456 Million On a Fully Diluted Basis	21-03-10	MT
Newmont Brief: Buying GT Gold Outstanding Shares It Does Not Already Own For C$3.25 Per Share In Cash	21-03-10	MT
Newmont Brief: Buying GT Gold	21-03-10	MT
Newmont Corporation entered into a binding agreement to acquire remaining 85.1% stake in GT Gold Corp. from The K2 Principal Fund L.P., fund managed by K2 & Associates Investment Management Inc., Muddy Waters, LLC, Ross Beaty and Directors and senior officers of GT Gold for approximately CAD 360 million.	21-03-09	CI
GT Gold Reports Results From Quash Pass Drilling	21-02-16	CI
GT Gold : Releases Statement to 'Set the Record Straight' on Statements Made by Dissident Shareholders	21-01-29	MT
Muddy Waters Intends to Vote for Proposed Alternative Slate of Directors at GT Gold	21-01-25	CI
GT Gold Confirms Receipt of Meeting Requisition Notice from K2 & Associates	20-12-15	CI
GT Gold : Shareholder Seeks Ouster of Executive Chairman; Asks For Shareholder Meeting to Back Director Slate	20-12-15	MT
K2 & Associates Nominates Candidates to the Board of GT Gold	20-12-15	CI
K2 & Associates Requisitions Shareholder Meeting of GT Gold	20-12-15	CI
GT Gold : Closes Final Tranche of Private Placement Financing	20-12-04	MT
GT Gold Corp. announced that it has received CAD 5.741879 million in funding from PearTree Securities Inc., Newmont Corporation, K2 & Associates Investment Management Inc.	20-12-03	CI

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Company Profile

GT Gold Corp is a Canada-based precious metals and minerals exploration company. The Company is focused on exploring for gold, silver and copper in the terrain of British Columbia's Golden Triangle. The Company's properties include Tatogga property and New Nanik property, both located in the province of British Columbia, Canada. Its flagship Tatogga property hosts the Saddle South and Saddle North discoveries. Tatogga property is located in northern British Columbia, west of the village of Iskut. The primary target area of interest on the property is Saddle, comprised of an epithermal gold-silver discovery. The New Nanik property is located in west-central British Columbia, approximately 100 kilometers southeast of Terrace. The New Nanik property has copper and molybdenum presence in soils.

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