Gold Hawk Resources Inc.

Gold Hawk Resources Inc.

January 13, 2011 06:00 ET

Gold Hawk to Begin Surface Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Gold Hawk Resources Inc. (TSX VENTURE:GHK) ("Gold Hawk" or the "Company") is pleased to announce that the Company's U.S. subsidiary has contracted Major Drilling for a surface diamond drill program at its Oracle Ridge Copper Mine located near Tucson, Arizona.

The phase one surface drill program is for an initial 15,000 feet designed to validate the existing drill hole data. Initial assay results are expected to be released in the first quarter. The Phase One drill core assay results will be compared against and used to verify the historic data and to complete a new, NI 43-101 compliant technical report on reserves and resources. In addition, the Company plans to mobilize an underground drilling program pending availability of appropriate drill rigs and mobilization at the site.

Gold Hawk is in possession of the historic data base consisting of 534 drill holes totaling more than 163,000 feet of drilling. The available historic drill core samples are in good condition and stored on site and are in the process of being catalogued, logged and assayed as part of the study to bring the project to NI 43-101 standards.

The project hosts multiple zones of primary copper skarn mineralization with gold and silver by-product credits. Copper grades in excess of 22% have been intersected in previous drilling. Gold and silver have historically been recovered in the copper concentrate and would be more economically significant today given current metal prices.

Historically there have been a number of resource and reserve estimates available that were made by reliable, knowledgeable professionals. As part of a 1995 feasibility study for a 2,000 tons-per-day processing plant, the former operator developed a mine plan containing 8.8 million tons grading 2.3% copper diluted, in all categories. This mine plan conformed to United States Securities and Exchange Commission mining reserve definitions in place at that time. The reader is cautioned that the foregoing estimate is not in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and is cited for historical purposes only and should not be relied upon until further work is carried out. Gold Hawk believes, however, that the historical resource estimates reported above are material and should be disclosed. Gold Hawk believes these historical results provide an indication of the potential of the property and are relevant to future exploration.

For additional information on the Oracle Ridge Copper Mine, please see the August 20, 2010 Technical Report, Review of the Oracle Ridge Mine Project, available on SEDAR and on the Company's website Properties (

Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Gold Hawk, and a Qualified Person under NI 43-101, has reviewed this media release and is responsible for the technical information reported herein.

About Gold Hawk Resources Inc.

Gold Hawk (TSX VENTURE:GHK) is a Vancouver, Canada-based company with a focus on uncovering overlooked deep-value projects to achieve superior shareholder returns. The Company is the sole owner and operator of Oracle Ridge Mining LLC and copper mine located 24 km northeast of Tucson, Arizona. Gold Hawk has cash on hand of approximately $24 million, minimal long-term debt and is managed by an experienced team of mining professionals with extensive operating and financial experience.

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Gold Hawk Resources Inc. (hereinafter referred to as the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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.

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