Redhawk Resources, Inc.
TSX : RDK
OTCQX : RHWKF
FRANKFURT : QF7

Redhawk Resources, Inc.

January 24, 2012 07:30 ET

Redhawk Resources Announces Additional Results of 2011 Resource Expansion and Upgrade Drilling at Copper Creek Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2012) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(OTCQX:RHWKF)(FRANKFURT:QF7) -

  • Additional drilling encounters thick mineralized zones including 2224 ft 0.60% Cu, 0.015% Mo; 1153 ft 0.46% Cu; 2310 ft 0.33% Cu, 0.010% Mo

  • Significant high grade zones including 220.5 ft 1.59% Cu, 0.047% Mo; 202 ft 1.16% Cu, 0.020% Mo

  • Infill drilling confirming grade and continuity of porphyry zones

  • Assay results pending on a further six drill holes

  • Three core drills continue working on 2011 drill program

Redhawk Resources, Inc. is pleased to announce the results of six additional drill holes of the 2011 resource expansion and definition program. (See attached map for drill hole locations.)

2011 Resource Expansion and Upgrade Drill Program

The 2011 drill program is focused on increasing the connection and consequent resource expansion between the Keel and American Eagle (AE) porphyry areas and infill drilling to move a considerable portion of the AE resource and more of the Keel resource into the Measured and Indicated categories in preparation for a Pre-Feasibility Study scheduled to begin early in 2012.

Since the results from earlier drilling of the 2011 program (see prior news releases dated June 1, 2011, September 12, 2011 and November 29, 2011), assay results for six additional core holes have now been received for:

  1. RAE-08-032 drilled vertical to total depth 3937 feet (1200m)
  2. RAE-11-055 drilled due west at -86 degrees to total depth 4186 feet (1276m)
  3. RAE-11-060 drilled S60E at -86 degrees to total depth 4027 feet (1227m)
  4. RAE-11-063 drilled N45E at -83 degrees to a total depth of 3947 feet (1203m)
  5. RAE-11-066 drilled N27E at -87 degrees to a total depth of 3949 feet (1204m), and
  6. RMK-11-072 drilled due west at -85 degrees to total depth 4009 feet (1222m)

Significant intervals are shown below. All of the holes are infill/resource upgrade holes in the AE and Keel resource areas. Hole RMK-11-072 is also an oriented core geotech hole.

Assay results are in progress on several additional completed holes. In addition, three core drill holes are in progress and several more drill holes remain to be completed under the 2011 plan. Results will be reported when assays are finalized.

RAE-11-066
Start ft end ft thickness ft Cu% Mo% Ag ppm
655 680 25 0.25 0.001 8.19
746 761 15 1.14 0.004 29.38
853 870 17 0.48 0.003 1.98
1210 3434 2224 0.60 0.015 1.58
Including
1340 1360 20 0.67 0.005 3.24
1444 1460 16 2.03 0.012 11.99
1606 1826.5 220.5 1.59 0.047 4.76
1910 1986 76 0.62 0.010 1.06
1994 2006 12 0.63 0.006 1.0
2068 2100 32 0.85 0.006 1.17
2152 2354 202 1.16 0.020 1.34
2880 2990 110 1.07 0.009 4.58
3152 3200 48 0.62 0.059 1.99
3261 3344 83 0.62 0.096 2.68
3448 3949 501 0.36 0.016 1.45
Including
3464 3483 19 0.38 0.128 1.03
3543 3590 47 0.53 0.048 2.94
3627 3653 26 0.53 0.030 2.05
3666 3693 27 0.46 0.012 1.66
3900 3949td 49 0.48 0.003 1.91
RAE-11-055
Start ft end ft thickness ft Cu% Mo% Ag ppm
1716 1846 130 0.24 0.001 0.65
1876 4186 2310 0.33 0.010 0.86
Including
2428 2489 61 0.36 0.003 0.48
2489 2576 87 0.62 0.002 0.95
2670 2710 40 0.70 0.017 1.46
2740 3085 345 0.53 0.024 1.06
3130 3179 49 0.47 0.061 0.84
3260 3825 565 0.25 0.006 1.04
4150 4186td 36 0.43 0.022 2.21
RAE-11-060
Start ft end ft thickness ft Cu% Mo% Ag ppm
50 70 20 0.34 0.002 0.48
520 540 20 0.54 0.002 1.36
608 640 32 1.64 0.002 3.55
900 1051 151 0.30 nil 0.80
Including
910 927 17 0.56 0.001 1.30
1113 1137 24 0.35 nil 0.78
1161 1407 246 0.64 nil 0.98
Including
1181.5 1257 75.5 1.09 nil 1.41
2367 2397 30 0.37 0.004 1.04
2417 2437 20 0.35 0.003 0.74
2460 2593 133 0.55 0.007 1.09
Including
2460 2562 102 0.60 0.008 1.17
2633 2877 244 0.44 0.005 0.92
Including
2737 2772 35 0.53 0.003 0.79
3017 3155 138 0.36 0.013 1.23
Including
3142 3155 13 1.32 0.054 8.24
3235 3265 30 0.39 0.003 1.86
3733 3765 32 0.99 0.007 0.75
RAE-11-063
Start ft end ft thickness ft Cu% Mo% Ag ppm
612 662 50 0.79 0.001 1.83
Including
612 637 25 1.28 0.002 2.91
2282 2305 23 0.78 0.002 2.27
2335 2345 10 0.88 0.002 2.56
2449 2459 10 0.62 0.001 1.02
2492 2505 13 0.54 nil 0.60
2564 3717 1153 0.46 0.004 0.92
Including
2687 2757 70 0.29 0.002 0.93
2757 2915 158 0.62 0.002 1.71
2915 2945 30 0.33 0.002 0.65
2945 2963 18 0.75 0.001 1.51
2963 2985 22 0.40 0.002 0.76
2985 3011 26 0.80 0.001 1.25
3011 3053 42 0.47 0.002 0.87
3053 3147 94 0.71 0.011 1.16
3177 3237 60 0.69 0.006 1.06
3237 3317 80 0.38 0.001 0.92
3317 3470 153 0.67 0.008 1.15
RMK-11-072
Start ft end ft thickness ft Cu% Mo% Ag ppm
1568 1580.5 12.5 0.35 0.013 1.36
2398 4007td 1609 0.28 0.008 1.19
Including
2628 2718 90 0.59 0.005 2.90
2718 2797 79 0.31 0.006 1.90
2797 2828 31 0.45 0.033 2.27
2898 3068 170 0.32 0.004 1.31
Includes
2986 3006 20 0.52 0.007 2.95
3338 3358 20 0.31 0.040 1.5
RAE-08-032
Start ft end ft thickness ft Cu% Mo% Ag ppm
760 800 40 0.35 nil na
2737 2757 20 0.37 0.002 1.10
2893 2915 22 0.40 nil 1.18
3037 3339 302 0.25 0.002 1.04
Including
3037 3087 50 0.34 nil 1.02
3147 3187 40 0.35 nil 1.02
3247 3267 20 0.40 nil 1.12
3285 3339 54 0.29 0.008 2.43
3534 3937td 403 0.30 0.006 0.77
Including
3605 3704 99 0.62 0.010 1.47
True thicknesses have not been determined.
(ft = feet,% = percentage, ppm = parts per million, na = not assayed, Cu = copper, Mo = molybdenum, Ag = silver, nil = below detection)

Redhawk believes the results from the infill and expansion drill holes reported above and in previous releases are demonstrating the continuity of mineralization between the Keel and AE and between the wider spaced historical drill holes. The thick continuous intercepts of significant mineralization are very encouraging and support Redhawk's concept of a large porphyry copper district at Copper Creek.

R. Joe Sandberg, Redhawk President and CEO, stated: "The 2011 resource upgrade and expansion drilling continues to produce very encouraging results. The drilling will lead to a new resource update in early 2012. Additional permitting, hydrology, metallurgical and conceptual mine planning efforts are continuing in preparation for commencing the Pre-Feasibility Study in early 2012. We believe the outcome of these efforts will continue to move Copper Creek closer to a production decision."

R. Joe Sandberg, CPG, Redhawk President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.

All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with each assay job, and reviewed for accuracy. Check assaying is being performed by Inspectorate and KD Engineering/Metcon.

The Company has retained the services of Maximus Strategic Consulting Inc. ("Maximus") to provide advertising services to the Company. Maximus operates pinnacledigest.com ("Pinnacle"). Pinnacle is an on-line investor information portal with content providers from across North America, Europe and Australia. Pinnacle advertises press releases of public companies, custom flash advertisements and provides marketing for public companies in its newsletter which summarizes their development and press releases in a report format.

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The 100% owned Copper Creek property consists of approximately twenty-eight square miles of contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper mill and smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure including power, rail, water, roads and qualified consultants.

ON BEHALF OF THE BOARD

R. Joe Sandberg, President & CEO

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/rdk-0124-map.pdf

Neither TSX Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information