Toronto, January 13, 2009 - Hawk Uranium Inc. (TSX
Venture Exchange: HUI.V) (FRANKFURT: HPM)
("Hawk") is pleased to announce the final results of its 34-hole,
5,498m drill programme for the gold-mineralized Soocana Vein System on its
wholly-owned Holdsworth Gold Property, Hawk Junction-Wawa Area, Northern
Ontario.� A total of 2,422 drill core samples were submitted to
ActLabs in Thunder Bay for Au, Ag and 36 element ICP analysis.�
(Please note that this is a correction to the October 21, 2008 release that
reported 2,871 samples were submitted for analysis). The analytical
processes used for Au and Ag were previously disclosed in a press release
dated July 8, 2008.
Hawk is also pleased to announce that an additional 90kg (250kg was
initially supplied) of Black Sands material from the 4 pit locations in the
Black Sands Zone have been shipped to SGS Labs, Lakefield, Ontario for
additional metallurgical testing.
The Holdsworth Property consists of 19 contiguous patented mining
claims (304
hectares) in the Corbiere and Esquega Townships,
Ontario.
Holdsworth Project – Drilling Results
The following are highlights of the results from Hawk's 34-hole
drill programme on its Holdsworth Gold Property.
|
Hole
#� � � �
|
Sample
#
|
Depth
(m)
|
Interval
(m)
|
Au
(g/t)
|
Ag
(ppm)
|
|
HW 8-05
|
231215
|
31-87-32-37
|
0.50
|
0.59
|
0.2
|
|
HW 8-06
|
231509
|
41.24 – 41.54
|
0.30
|
2.93
|
0.9
|
|
HW 8-07
|
231346
|
156.0 – 157.0
|
1.0
|
0.58
|
0.3
|
|
|
231347
|
157.0 – 158.0
|
1.0
|
0.57
|
0.8
|
|
HW 8-09
|
231462
|
19.84 – 20.26
|
0.42
|
1.01
|
0.5
|
|
HW
8-11
|
245006
|
6.74 – 7.40
|
0.66
|
(13.5)*
|
4.6
|
|
|
245033
|
31.0 – 32.0
|
1.0
|
0.48
|
0.2
|
|
� � � � � � � � � � � � � � �
|
245034
|
32.0 – 33.0
|
1.0
|
0.95
|
0.2
|
|
HW
8-13
|
231664
|
18.53 – 19.10
|
0.57
|
(22.4)*
|
10.1
|
|
|
231665
|
19.10 – 19.60
|
0.50
|
(35.2)*
|
7.0
|
|
|
231704
|
60.60 – 61.27
|
0.67
|
0.60
|
0.9
|
|
|
231705
|
61.27 – 61.75
|
0.48
|
0.92
|
0.5
|
|
HW
8-14
|
263403
|
27.50 – 28.19
|
0.69
|
2.74
|
0.4
|
|
|
263405
|
28.70 – 29.20
|
0.50
|
0.75
|
0.3
|
|
|
263406
|
29.20 – 29.70
|
0.50
|
0.96
|
0.5
|
|
|
263407
|
29.70 – 30.10
|
0.40
|
2.40
|
0.8
|
|
HW
8-20
|
245330
|
10.0 – 10.48
|
0.48
|
0.51
|
0.3
|
|
HW
8-21
|
245433
|
32.46 – 33.00
|
0.54
|
0.56
|
<0.2
|
|
|
245434
|
33.00 – 33.59
|
0.59
|
3.67 (4.49)*
|
0.6
|
|
|
245435
|
33.59 – 33.90
|
0.31
|
3.28 (3.19)*
|
1.9
|
|
|
245437
|
34.69 – 35.33
|
0.64
|
1.30
|
<0.2
|
|
|
245477
|
103.32- 104.00
|
0.68
|
0.61
|
0.3
|
|
HW 8-25
|
263137
|
93.40 – 93.95
|
0.55
|
6.42 (6.25)*
|
2.8
|
|
HW 8-27
|
263171
|
120.21- 120.66
|
0.45
|
2.4
|
0.2
|
|
HW 8-29
|
263195
|
108.00- 108.56
|
0.56
|
1.05
|
1.9
|
|
HW
8-30
|
245970
|
15.0 – 15.51
|
0.51
|
(4.65)
|
0.7
|
|
|
245971
|
15.51 – 15.95
|
0.44
|
(3.41)
|
0.7
|
|
HW
8-31
|
263225
|
17.47 – 18.00
|
0.53
|
1.8
|
3.7
|
|
|
263247
|
125.35- 125.92
|
0.57
|
5.74 (4.38)*
|
0.3
|
|
HW
8-33
|
263301
|
89.46 – 90.00
|
0.54
|
17.7 (17.9)*
|
5.3
|
*Bracketed values are Metallic Sieve Au analysis and check
results using Metallic Sieve analysis.�
To view the above
results in table format � click here: � http://hawkuranium.com/pdfs/Holdsworth_Drill_Results.pdf
Accompanying this news release as Appendix A (see at end of
release) are comprehensive results for this 34-hole programme, as well as
information regarding the location, spacing and depth of each hole.�
As disclosed on Appendix A, the results from the holes that are not
included in the preceding table returned no significant results.
The drilling indicated that at surface the
more predominant and continuous quartz+ankerite veins are not mineralized
over the entire length and gold mineralization appears to be structurally
controlled. The exsolved sugary textured, white, crystalline quartz
material occurring at the inflections of fold structures are mineralized
with gold. It is believed that deeper drilling is required to test zones at
depth where the fold structures flatten out and become more continuous.
The samples for which
results are disclosed in this press release were collected under the
supervision of Geologist Randy Singh P.Geo and Geologist Julius Hava P.Geo.
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.
Security and Quality
Control
Hawk conducts a thorough quality control
program for all its analytical work, which includes securing the core boxes
after drilling, logging in a secure enclosure and final storing of core in
a locked warehouse. Drill core was sampled in this secure facility by
specially trained and supervised personnel. Samples were also sealed and
stored in this secure facility before shipping to Actlabs in Thunder Bay.
Correction to Press
Release of December 11, 2008
The closing dates of the three tranches of
the 2007 private placement referred to in Hawk's press release of December
11, 2008 should have been identified as January 19, 2007, January 29, 2007
and February 9, 2007 (instead of January 9, January 19 and February
9).� Similarly, the current expiration dates of warrants issued in
that private placement are January 19, 2009, January 29, 2009 and February
9, 2009.� As disclosed in its December 11, 2008 press release, Hawk
has proposed amendments to the terms and conditions of those warrants
(including lowering the exercise price and extending the duration to
2012).� The amendments must be approved by all warrant-holders, and
Hawk has contacted all applicable warrant-holders to request that
consent.� If you are a warrant-holder who has not yet been contacted
regarding this matter, please immediately contact one of the
representatives of Hawk identified below.
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
and Uranium in N. Saskatchewan, Ontario and Quebec.�
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:
|
H. Vance White
|
|
Corinna de Beer
Investor Relations
|
|
Phone:
Phone:
Fax:
|
416-214-2250
866-214-9486
416-367-1954
|
|
Phone:
eMail:
|
416-792-0343
ir@hawkuranium.com
|
|
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|
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|
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|
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|
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|
Appendix A: To view Appendix A
table click here: � http://hawkuranium.com/pdfs/Appendix_A.pdf