Toronto, July 14,
2008 - Hawk Uranium Inc.
(TSX Venture Exchange: HUI.V) (FRANKFURT: HPM)
("Hawk") is pleased to announce, using mapping and sampling,
� it has extended the Gold Mineralized Soocana Vein System to
approximately 750 metres on its wholly-owned Holdsworth Gold Property, Hawk
Junction-Wawa Area, Northern Ontario.
�
Previous operators had outlined the Soocana
Vein System over a strike length of approximately 300 metres, from L797+00E
to L800+00E, based on Hawk’s grid. � � Hawk has outlined the
vein from L796+50E to L804+00E. � � � The vein varies in
width from 0.5m to 2.5m.� Sample lengths were taken variously either
across the width or along the� strike of the vein.
�
Assay results from chip samples taken across
the vein on L804+00E returned values of 1.08 g/mt Au (sample # 20369) and
7.52 g/mt Au (sample # 20370) respectively. � A chip sample taken from
L798+05E returned a value of 42.5 g/mt Au (sample 20447).�
�
Hawk has since mobilized an Orbit-Garant
Drilling Inc., (Val-D’Or, Quebec) � diamond drill rig onto the
Holdsworth Gold Property to test and evaluate the entire 750m strike
length. �
�
The Holdsworth Property consists of 19
contiguous patented mining claims (304 hectares) in the Corbiere and
Esquega Townships, Ontario.
�
Holdsworth Project
�
Preliminary Metallic Sieve Gold Analysis
from a limited number of samples from the Thunder Bay, Ontario facilities
of Activation Laboratories Ltd � (“Actlabs”), � an
independent laboratory based in Canada, has returned the assay results
listed below (Actlabs is one of only two ISO/IEC 17025 with CAN-P-1579
registered laboratories in North America).
�
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Sample #
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Total AU
g/mt
�
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Location
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Sample Length
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20369
20370
20406
20411
20447
20448
20450
20452
20452
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� 1.08
� 7.52
� 5.59
10.00
42.50
� 6.15
� 1.20
� 1.46
� 3.18
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L804+00E: 331+310N
L804+00E: 331+310N
L797+95E: 331+352N
L797+90E: 331+352N
L798+05E: 331+357N
L798+09E: 331+355N
L798+12E: 331+353N
L798+14E: 331+351N
L798+20E: 331+350N
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0.6m sample
1.0m sample
2.0m sample
2.0m sample
4.0m sample
3.0m sample
3.0m sample
3.0m sample
7.0m sample
|
�
These samples were regular chip samples of
material across the width of the vein at each location.
�
A 2,500m drill program has commenced to test
the Soocana Vein System. � The Orbit-Garant drill rig is capable of
drilling to a depth of 450m using NQ size core.
�
The Holdsworth Property has the potential to
host Gold and Silver mineralization within three (3) distinct geological
environments namely (1) lode gold in traditional quartz veins – “The
Soocana Vein” (2) an oxidized cap at surface developed over a massive
pyrite zone (Algoma Iron Formation) – “The Black Sands” and (3) the
precursor to the black sands - a massive pyrite zone (Algoma Iron
Formation) at depths – “The Massive Sulphide”. All three Gold &
Silver prospects occur within Archean aged mafic to intermediate
metavolcanic rocks of the Michipicoten Greenstone Belt.
�
The samples for which results are disclosed
in this press release were collected under the supervision of Randy Singh,
Hawk’s Senior Geologist.� Michael Newbury, P.Eng, a "qualified
person" as such term is defined by National Instrument 43-101, and a
director of Hawk, has reviewed the laboratory results that included the
assay results disclosed in this news release, and has otherwise reviewed
and approved the technical information in this news release on behalf of
Hawk.
�
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.�
�
More detailed
information is available on the website at www.hawkuranium.com
�
�
Cautionary Statement:
�
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.
�
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.
�
�
Contact:
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H. Vance White
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�
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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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�
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Phone:
eMail:
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416-792-0343
ir@hawkuranium.com
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