Hawk Uranium Inc.

Hawk Uranium Inc.

May 14, 2008 11:30 ET

Hawk Commences Exploration on the Holdsworth Gold Property, Wawa Area, Northern Ontario

TORONTO, ONTARIO--(Marketwire - May 14, 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 and a ground Magnetic Survey, on its wholly owned Holdsworth Gold Property in the Hawk Junction - Wawa Area of Northern Ontario. Following completion of this exploration program (expected at the end of June 2008), Hawk plans to commence diamond drilling on this property. The Holdsworth Property consists of 19 contiguous patented mining claims (304 hectares) in the Corbiere and Esquega Townships, Ontario.

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 have been developed within Archean aged mafic to intermediate metavolcanic rocks of the Michipicoten Greenstone Belt.

The field mapping will concentrate on the area previously diamond drilled by Soocana Mining Company in 1931 that reported the results below from the Soocana Vein system and a historic reserve of 54,000 tons grading .556 oz/t (19.0g/t). (These are historic reserves and are not NI 43-101 compliant.)

Hole # 1 16.0 g/t Au/4.3m
Hole # 2 11.9 g/t Au/4.9m
Hole # 3 15.5 g/t Au/3.4m
and 16.4 g/t Au/3.4m
Hole # 4 13.7 g/t Au/2.4m
Hole # 5 12.7 g/t Au/3.8m
and 6.3 g/t Au/4.3m
Hole # 6 4.8 g/t Au/7.3m
and 6.9 g/t Au/15.8m

Channel sampling conducted between 1985 and 1988 by Reed Lake Exploration Ltd. ("Reed Lake") over a 51 metre section of the quartz vein returned an average of 14.7 g/t Au across widths ranging from 0.5 to 1.5 metres.

Sampling of material from one (1) of the four (4) black sands zones by Hawk in 1999 returned values ranging from trace to 14.2 g/t Au. These near surface black sands zones are at least 8m deep and open along strike. It has been postulated by Reed Lake that this property could host four additional black sand zones.

A preliminary mill test of the black sands material was carried out in 1999 by Dave Welch - an independent contractor for Hawk - and returned 98.7% recovery in a 48 hour agitated leach without crushing.

The Massive Sulphide mineralization was drilled and sampled by Falconbridge Nickel Mines in 1985 in two diamond drill holes and returned core lengths of 6.8m and 8.3m, respectively, with an average grade of 0.15 g/t Au. Falconbridge Nickel Mines also identified a 9.5m shear zone adjacent to the Massive Pyrite zone in one hole that assayed 3.4 g/t over 1.5m.

Exploration conducted by Reed Lake in 1988 outlined a secondary mineralized quartz vein system sub-parallel and very distinct from the Soocana Vein system.

The drilling proposed to be conducted by Hawk in 2008 will assess this zone for the possibility of an open pit mining operation.

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.


Hawk has option interests in: two nickel/copper/pgm exploration properties in the McFaulds Lake "Ring of Fire" area of Northern Ontario through option or joint venture agreements (one with Noront Resources Inc. and one with MacDonald Mines Exploration Ltd.); one gold exploration property in the Wawa area of Ontario; one uranium property in the Elliot Lake Camp of Ontario; one uranium property near the Cluff Lake Uranium Mine within the Athabasca Basin of Saskatchewan; one uranium property in the Charlebois Lake area of the Northern Mining District of Saskatchewan; a uranium project in Grand Calumet Township, Quebec; one uranium property in Gila County, Arizona, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB: WITM) ("Wits Basin"). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)
    Hawk Uranium Inc.
    Corinna de Beer
    Investor Relations
    (416) 792-0343
    Email: ir@hawkuranium.com