Hawk Commences Sampling Program on Gold Property in Sonora, Mexico
baystreet.ca
6/10/2009 (BAYSTREET NEWSWIRE)
Toronto, June 10, 2009 - Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) ("Hawk") is pleased to announce that it has commenced a program of collecting and analyzing up to 2,000 rock-chip samples from the San Bernardo, Sonora Mexico claims that Hawk recently announced it would consider acquiring. Upon receipt of the results of that exploration program (and in any case no later than July 31, 2009), Hawk will determine whether it wishes to acquire the Sonora Claims. The parties have agreed that all results of this sampling program will remain the property of Hawk, whether or not it determines to proceed with the acquisition of the Sonora Claims.
Under the LOI, Hawk has agreed to pay 15,000,000 of its common shares according to the following schedule:
a) at a closing to be held on or before July 31, 2009, 5,000,000 shares;
b) on or before 6 months following the closing, 5,000,000 shares; and
c) on or before 12 months following the closing, 5,000,000 shares.
The shares to be issued will be divided as follows: 1/3 to Trimax Corporation (OTCBB: TMXN) and 2/3 to be divided equally among Exploraciones San Bernardo S.A. de C.V., on the one hand, and Messrs. Robert Stewart and Reginald Olson, on the other hand (see news release of June 1, 2009).
About the Sonora Claims
The Sonora Claims are located in the western foothills of the Sierra Madre Occidental, approximately 30 kilometers North-Northwest of the town of Alamos, in Sonora, Mexico. The project area is confined to the Eastern side of the Rio Mayo and extends East and West beyond the local municipality of San Bernardo, Sonora.
In a press release issued by Trimax on April 29, 2009, Trimax described the Sonora Claims as follows:
"The favorable geology consists of Granodiorite, which covers a larger portion of the Raquel 2 claim. The Granodiorite is the main source of epithermal gold, silver zinc and copper mineralization. Structures are in close proximity or part of the NW- SE Mojave Sonora Mega-Shear. Major shears and faults are crisscrossing the property. The most important shear directions are trending NW-SE and SSW to NNE. These well defined shears and faults zones act as mineral feeder systems as well as ore traps (see link to map below).
The Magnetic structures trend in WNW to ESE, NW to SE and E-W directions. The gold silver NWSE trends do not show up on the MAG. The WSW - ENE zinc and gold silver trend do show on the MAG survey as a broad MAG Zone. The E-W direction is more and is evident at the Frontera Piedras Verdras Copper Mine towards the South."
A copy of the April 29, 2009 press release is available at trimaxcorp.net.
A map of the Sonora Claims is available at media3.marketwire.com.
South Sonora in the Alamos area mining district of Mexico is internationally renowned for its multi-metalic mining properties containing significant amounts of minerals, including gold, silver, copper, lead, zinc, graphite and tungsten. Mining records show that this area was first developed by the Spanish in the 16th century.
About Robert Stewart:
Mr. Stewart is Chairman, CEO and a Director of Trimax Corporation. He is also a Director of ICS Copper Services LLC (TSX-V: ICX). Mr. Stewart started his career with Hudson's Bay Mining and Sherritt in the base and precious metal mines in Northern Manitoba, Canada. From there he transferred to East, Central and Southern Africa where he financed, developed or sold a number of large mining, petroleum and infrastructure projects with partners that have included Falconbridge Ltd., Bechtel Civil and Minerals Inc., American Mineral Fields Inc., Krupp Stahl GmbH, Electrowatt A.G. Switzerland, CDC Group Plc. London and Sir Alexander Gibb and Partners Plc (London).
Mines which Mr. Stewart discovered, developed, or contributed significantly to include Ruttan Lake Copper Mine, Kilembe Copper/Cobalt Mines Limited, Kolwezi Cobalt Tailings Project, Lynn Lake Gold Mine, Snow Lake Gold Mine, and the OMCO Copper Mine in Oman. In addition, he initiated the billion dollar Songo Songo natural gas-to-electricity project in Tanzania and the Sanaga Sud natural gas field in Cameroon. Mr. Stewart also wrote the $50 billion Master Plan for the Reconstruction of the Democratic Republic of the Congo (including all mining projects) on behalf of Bechtel Corporation.
About 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 Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the ‘Ring of Fire' McFauld's Lake Area of N. Ontario.
More detailed information is available on the website at www.hawkuranium.com.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.
Contacts:
Hawk Uranium Inc.
H. Vance WhitePresident Corinna de BeerInvestor Relations
Phone:Phone:Fax: 416-214-2250866-214-9486416-367-1954 Phone:eMail: 416-792-0343ir@hawkuranium.com
This press release is not to be disseminated or used in the United States of America, and may not be viewed or relied upon in that country or by investors in that country. |
