Hawk Uranium Inc.

Hawk Uranium Inc.

September 11, 2007 09:34 ET

Hawk Uranium Inc. Purchases Mining Exploration Properties in Arizona

TORONTO, ONTARIO--(Marketwire - Sept. 11, 2007) - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is pleased to announce that it has purchased a 100% interest in sixty eight (68) mining claims in Gila County, Arizona. The 68 claims cover approximately 568 hectares.

The claims being acquired are contiguous to claims that are presently held by Rodinia Minerals Inc. in Gila County, Arizona, known as the Workman Creek project. Rodinia's website provides the following information regarding its Workman Creek project:

"In 1955 the United States Atomic Energy Commission conducted an airborne radiometric survey over Gila County and discovered 20 radiometric anomalies, nine of which were considered significant. This prompted a massive staking rush which resulted in the discovery of 46 known uranium deposits in the area. With the subsequent decline in the price of uranium, activity in the area was completely shut down until the late 1970's. At that time, Wyoming Mineral Corporation, a wholly owned subsidiary of Westinghouse, blanket staked the area and embarked on an intensive exploration and development program. This program identified the Workman Creek deposit as their primary focus. Their work included drilling 432 holes, geological mapping, geochemistry, metallurgical testing, designing a mining plan, and commissioning Dravos Engineers and Contractors ("Dravos") to complete a feasibility report, at a total estimated cost of US$10 Million.

The Dravos geo-statistical estimate of reserves encompassing both open pit and underground mining was 4.4 million tons containing 9.8 million pounds of U308 with an average grade of 0.11% and a cutoff of 0.05%."

This estimate is historical and is not compliant with the requirements of NI 43-101. With respect to its Workman Creek project, Rodinia's website also states:

"Gary Giroux, a Member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia and a Qualified Person as defined by NI 43-101, has recalculated the resource estimate on the Company's Workman Creek project, by refining the geological model used in the calculation. This has resulted in an increase of the inferred resource at a 0.05% cut off, from 2.35 million tons to 3.22 million tons and the resultant increase in U3O8 from 4,047,160 lbs. to 5,542,000 lbs. at the same average grade of 0.86%. It should be noted that the increase in poundage is also NI 43-101 compliant."

Hawk's management believes that the property being acquired from Uranium Star provides the company with a well located land position adjacent to an active uranium exploration and development program that is expected to be carried out by Rodinia on its property during the fall and winter of 2007.

Hawk purchased the claims from Uranium Star Corp. for aggregate consideration of 200,000 of Hawk's common shares.

Hawk's acquisition of the claims is subject to approval by the TSX Venture Exchange. All of the shares issued to Uranium Star Corp. will be subject to a hold period expiring four months and one day after approval of the acquisition and finder's fee by the TSX Venture Exchange.

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 both direct or option interests in a uranium project in Grand Calumet Township, Quebec, one gold exploration property in Ontario, one Uranium property in the Elliot Lake Camp of Ontario, one Uranium property in the Charlebois Lake Area of the Northern Mining District of Saskatchewan, one VMS exploration property in Ontario, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB:WITM). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario. Hawk holds approximately 2.6 million shares of MacDonald Mines Exploration Limited (TSX VENTURE:BMK), which company is carrying out an active exploration program in the McFaulds Lake area of the James Bay Lowlands, the site of a new potential VMS base metal play.

For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to hui@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.


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.
    Walter Brooks
    Vice President
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)