Hawk Uranium Inc.

Hawk Uranium Inc.

July 08, 2008 10:03 ET

Hawk Mobilizes Drill Rig onto the Holdsworth Gold Property, Wawa Area, Northern Ontario: Drilling Discontinued at Eberts Prospect

TORONTO, ONTARIO--(Marketwire - July 8, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) (FRANKFURT:HPM) ("Hawk") is pleased to announce that it has completed field exploration, including line cutting, geologic mapping, rock chip sampling and a ground Magnetic Survey, on its wholly-owned Holdsworth Gold Property in the Hawk Junction - Wawa Area of Northern Ontario. Based on the results, Hawk has contracted with Orbit-Garant Drilling Inc. (Val-D'Or, Quebec) to mobilize a diamond drill rig onto the property. The Holdsworth Property consists of 19 contiguous patented mining claims (304 hectares) in the Corbiere and Esquega Townships, Ontario.

Holdsworth Project

A total of 68 grab samples were collected and have been sent to SGS, Don Mills, Ontario for Gold and Silver fire assay analysis and an additional 111 quartz vein samples sent to Actlabs, Thunder Bay, Ontario for Metallic Sieve Gold Analysis plus a 37 element Aqua Regia Extraction - ICP/OES analysis that includes Silver, Arsenic, Antimony and Mercury. Results are pending.

A 2500m drill program is planned to test the Soocana Vein System that was previously drilled by Soocana Mining Company in 1931, by Falconbridge in 1985 and Reed Lake Exploration in 1988. (See previous press release of May 14, 2008.) 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.

Eberts Prospect

A test oil well was drilled on the Company's 40% working interest on the Eberts Prospect in Kent County Ontario to a depth of 523 feet to test the Devonian Formation. The zone identified by earlier seismic and well control proved to be water laden and as a result the prospect has been abandoned.

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.

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.

More detailed information is available on the website at www.hawkuranium.com.

Cautionary Statement:

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.

The TSX Venture Exchange has not reviewed and 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
    Website: www.hawkuranium.com