TORONTO, ONTARIO -- (July 02, 2008) -- Hawk
Uranium Inc. (TSX VENTURE:HUI, FRANKFURT:HPM) ("Hawk") is pleased to
announce that it has commenced field exploration consisting of line
cutting, field mapping,� ground Magnetic and ground Radiometric
Surveys over a number of airborne radiometric anomalies identified from its
November 2007 airborne radiometrics, magnetic and VLF-EM survey by Geophysics GPR International Inc.,
of Longueuil, Quebec on its wholly owned Cortez Property in the Ramsey Lake Area
– Elliott Lake Area of Northern Ontario. � Completion of this
exploration program is expected by the end of August 2008.� Once the ground work has been
completed and analyzed, the Company will formulate the next stage
of� exploration that could include drilling. Cortez, a uranium exploration property, consists
of 29 staked claims – 453 claim units – and covers approximately 7,284
hectares in the Cortez and Gladwin Townships, Ramsey-Elliott Lake Area,
Northern Ontario.
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The Cortez Property holds the potential of hosting
uranium in pegmatites, migmatites and brecciated contact areas between the
older PreCambrian metasediments, metavolcanics and granitic intrusive and
the younger granitic intrusive which inundated the area.� Elevated radioactivity has been found
in migmatites, pegmatites and massive granite in close proximity to the
diabase intrusive and also in the brecciated contact areas.
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The Geology of the entire area is underlain by
Early PreCambrian metasediments, metavolcanics, intrusive gneiss of
Granodiorite and Quartz Diorite composition, ultrabasics, hybrid gneiss,
migmatites, pegmatites and later granite intrusive and diabase dykes.
� Locally the area exhibits all stages of assimilation and
hybridization of the various rock types, with intense brecciation and
injection of volatiles from the later granite intrusive.
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The regional foliation of the area
is to the northwest, but locally the trends vary from north to northeast.
The folding is largely controlled by the granitic intrusive. � The
area is extensively faulted, with long and well-defined northwest regional
lineaments and minor subsidiary northeast lineaments. � To the north
of the property a major east –west structural break has been picked out
from radar-sat imagery.
Michael Newbury, P.Eng, � a
"qualified person" as such term is defined by National Instrument
43-101, � has reviewed and approved the technical information in this
news release on behalf of Hawk Uranium Inc.
Hawk
Uranium Inc. is a Canadian based junior mining company with a
portfolio of diversified exploration projects at various stages of
exploration and drilling, for Nickel/Copper/PGM in the ‘Ring of Fire’
McFauld’s Lake Area of N. Ontario, Gold in N. Ontario, Uranium in N.
Saskatchewan, Ontario and Quebec, and P&NG Leases in S.W.
Ontario.�
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More detailed information is available
on the website at www.hawkuranium.com
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Cautionary Statement:
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The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
� � No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
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The foregoing information may contain
forward-looking statements relating to the future performance of Hawk
Uranium Inc. Forward-looking statements, specifically those concerning
future performance, are subject to certain risks and uncertainties, and
actual results may differ materially from Hawk's plans and expectations.
These plans, expectations, risks and uncertainties are detailed herein and
from time to time in the filings made by Hawk with the TSX Venture Exchange
and securities regulators.� Hawk does not assume any obligation to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
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Contact:
H. Vance White
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Corinna de Beer
Investor Relations
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Phone:
Phone:
Fax:
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416-214-2250
866-214-9486
416-367-1954
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Phone:
eMail:
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416-792-0343
ir@hawkuranium.com
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