Hawk Uranium Inc.

Hawk Uranium Inc.

August 13, 2008 08:00 ET

Hawk Receives Additional Gold and Silver Results From Surface Sampling of the Soocana Vein, Holdsworth Gold Project, Northern Ontario

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") is pleased to announce additional surface sampling results from the Gold Mineralized Soocana Vein System and from the Black Sands Zone on its wholly-owned Holdsworth Gold Property, Hawk Junction-Wawa Area, Northern Ontario.

Hawk engaged Orbit-Garant Drilling Inc., (Val-D'Or, Quebec) who has completed in excess of 3,000m of NQ size core drilling on the Holdsworth Gold Property. All but one of 22 holes drilled to date have intersected what is believed to be the Soocana Vein System. The hole that did not intersect the vein is being deepened as it is believed that it did not reach its target depth. Drilling and core logging is continuing and results are pending from core samples delivered to the assay lab. Those results will be disclosed by Hawk when they are available.

Hawk had previously announced the extension of the Soocana Vein from 300m to 750m based on sample results from nine (9) chip surface samples (see News Release 08-07-14). Additional Gold and Silver results from surface chip sampling of the Soocana Vein (including the 9 previous results) and assays from 4kg chip samples taken over a 100 strike length across the Black Sand zone are reported below.

Final Metallic Sieve Gold Analysis and Aqua Regia Extraction - ICP/OES Silver geochem analysis is from the Thunder Bay and Ancaster, Ontario facilities of Activation Laboratories Ltd. (Actlabs), an independent laboratory based in Canada that is an ISO/IEC 17025 with CAN-P-1579 registered laboratory. The assay results are:


Sample # Au Ag Location Sample Length
g/mt ppm(ii)
20369(i) 1.08 2.8 L804+00E:331+310N 0.6m
20370(i) 7.52 2.4 L804+00E:331+310N 1.0m
20405 7.78 3.2 L797+96E:331+356N 1.2m
20406(i) 5.59 0.3 L797+95E:331+352N 2.0m
20411(i) 10.0 0.8 L797+90E:331+352N 2.0m
20412 13.4 5.3 L797+74E:331+344N 0.9m
20421 2.46 less than 0.2 L797+57E:331+343N 1.2m
20429 10.1 less than 0.2 L797+39E:331+347N 1.1m
20432 1.1 less than 0.2 L797+33E:331+354N 0.6m
20434 1.46 0.6 L797+24E:331+352N 1.3m
20435 2.83 0.3 L797+25E:331+347N 1.2m
20447(i) 42.5 19.0 L798+05E:331+357N 4.0m
20448(i) 6.15 6.1 L798+09E:331+355N 3.0m
20450(i) 1.2 0.3 L798+12E:331+353N 3.0m
20451(i) 1.46 1.7 L798+14E:331+351N 3.0m
20452(i) 3.18 83.1 L798+20E:331+350N 7.0m
20453 2.8 9.6 L798+22E:331+349N 3.8m
20454 16.5 9.1 L798+26E:331+348N 2.0m
20461 15.9 3.9 L798+44E:331+353N 1.7m
(i)Denotes previously released gold results
(ii)1ppm = 1g/t


Sample # Au Ag Location Sample Weight
g/mt ppm(ii)
20333 1.9 7.1 L800+05E:331+480N 4kg
20334 0.42 13.4 L800+10E:331+480N 4kg
20359 1.12 24.3 L801+00E:331+460N 4kg
20360 0.22 25.5 L801+00E:331+465N 4kg
20361 1.19 35.9 L801+00E:331+470N 4kg
20362 5.02 45.5 L800+11E:331+475N 4kg
20363 4.16 28.2 L800+11E:331+475N 4kg
20364 0.34 13.3 L801+00E:331+475N 4kg
20365 5.62 44.6 L801+00E:331+475N 4kg
(ii)1ppm = 1g/t

These samples were regular chip samples of material across the width of the vein at each location.

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.

The samples for which results are disclosed in this press release were collected under the supervision of Randy Singh, Hawk's Senior Geologist. 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.

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.

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

Cautionary Statement:

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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