Redhawk Resources, Inc.

Redhawk Resources, Inc.

June 07, 2007 14:39 ET

Redhawk Resources, Inc.: Continuing Positive Results From Copper Creek Phase 1 Drill Program-Phase 11 Program Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - Redhawk Resources, Inc. ("Redhawk") (TSX VENTURE:RDK)(FRANKFURT:QF7) is pleased to announce results from a continuing 24,000 foot drilling program on its Copper Creek copper-moly project located in the Bunker Hill Mining District, Pinal County, Arizona. The project area is approximately 60 air miles northeast of Tucson, Arizona within the historically prolific Southwest Porphyry Copper Belt. Redhawk Resources' wholly owned subsidiary Redhawk Copper, Inc., controls the approximately seven square mile property and is conducting the operations. The district hosts high grade copper-molybdenum mineralization in shallow breccia pipes and deeper "porphyry-like" mineralization.

A NI 43-101 compliant resource study, completed by Independent Mining Consultants (IMC) in 2006, estimated 6,400,000 tons grading 1.75% copper equivalent in measured and indicated resources, with additional inferred resources of 3,600,000 tons grading 1.76% copper equivalent. These resources are contained in only three of more than 300 known breccias and the "porphyry-like" mineralization below the Mammoth Breccia. The current core drilling program is designed to expand and upgrade resources in the Mammoth Breccia, expand the deeper Keel Zone "porphyry-like" resource below the Mammoth Breccia, and develop new resources in several breccia bodies where historical drilling contains potential "ore grade" intercepts. The drilling results will assist Redhawk in making a decision in regard to location and merits of an exploration decline to move the property towards a future production decision.

Drilling on the Mammoth Breccia has now been completed for this phase of work. Nine angle core holes were completed on the Mammoth Breccia totaling 8,554.5 feet (2,607.4 meters) and two holes were abandoned well before the target zone due to deviation from the intended azimuth. Assay results for seven of the completed holes have been received and results for the two remaining holes are pending. Results for the first three holes were reported in a press release dated March 5, 2007. In addition to drilling the Mammoth Breccia, one core hole was drilled on a State Prospecting Permit as assessment work and one exploration core hole tested the White Bear Breccia located north of the Mammoth area. Total core drilling footage is now 10,492 feet (3,198 meters). The State Permit assessment drill hole encountered altered zones with weakly anomalous copper and molybdenum values. The White Bear Breccia core hole missed the breccia body on the north side and returned only anomalous copper values in altered and fractured zones interpreted to be near the breccia body. Significant results for the four Mammoth Breccia core holes with completed assay results are listed below:

Hole ID From feet To feet feet Cu% Mo% Ag OPT

RMM-07-04 642 854 212 3.09 0.002 0.265
Including 721 854 133 4.18 0.003 0.34

878 936.4 58.4 1.00 0.004 0.17
Including 878 879.6 1.6 5.77 0.003 0.14
Including 925.8 936.4 10.6 3.00 0.003 0.72

985.5 1028 42.5 1.11 0.004 0.13

1068 1098 30 1.39 0.001 0.11

RMM-07-07 546 800.2 264.2 1.82 0.001 0.22
Including 546 570 24 4.25 0.001 0.82
Including 587 590 3 19.50 0.001 2.68
Including 616.8 629.5 12.7 2.89 0.001 0.21
Including 658.5 755.5 97 2.46 0.001 0.20

878 962 84 0.97 nil 0.02
Including 878 892 4 4.04 nil 0.06
Including 958.5 962 3.5 11.90 0.001 0.20

1111 1167 56 1.33 0.002 0.09

RMM-07-08 404 405.5 1.5 1.75 0.006 NA

925 927 2 1.29 nil NA


701 782.5 81.5 3.24 0.001 0.29

851 892 41 1.84 0.001 0.10

908 912.5 4.5 1.25 0.001 0.08

952.5 959.5 7 1.33 0.001 0.06

975 998 23 3.08 0.001 0.15

% equals percent, OPT equals Troy ounces per short ton, NA equals
not analyzed

Drill holes RMM-07-04, RMM-07-07, and RMM-07-10 were drilled into the northern portion of the Mammoth Breccia where previous drilling was widely spaced and did not well define the breccia size and mineralization tenure. Drill hole RMM-07-08 was drilled into the very southern portion of the Mammoth Breccia where previous drilling indicated weakly mineralized breccia. The Mammoth Breccia has the lowest molybdenum content of the four deposits for which resources have been estimated, and this has been confirmed by results from the current drilling program. Once all analytical results are received for the Mammoth drilling, the geological model will be updated and IMC will be commissioned to perform an update on the resource estimate.

"Management continues to be very encouraged by the results of the current drill program in the Mammoth breccia," said Bruce Briggs, Redhawk's president. "Overall the tenure of the mineralization is as good as, if not better than, the previous drilling has indicated."

Two core drills are currently on site and the next stage of drilling will target enlarging the Keel Zone below the Mammoth Breccia, as well as testing several breccia bodies on ground recently acquired from Phelps Dodge. The extended drilling program is now expected to total approximately 24,000 feet (7,315 meters). Additional assay results will be reported as they are received.

Drill core is geologically and geotechnically logged and split for assay at Redhawk's San Manuel, AZ core logging and storage facility. Sample intervals designated by staff geologists were split with a core saw or hydraulic splitter, trucked or hand delivered to ALS Chemex's prep facility in Elko, NV and sent to the ALS Chemex Vancouver, BC or Reno, NV laboratory for analysis. ALS Chemex is a worldwide recognized laboratory registered to ISO 9001:2000 by QMI Quality Registrars and accredited by the Standards Council of Canada based on ISO 17025. Pulp standards are included with the initial core samples. Pulps of 1,000 grams are prepared from the split core and all intervals of significant values are check assayed for copper and molybdenum.

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

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with projects in Arizona and Nevada. Redhawk's primary focus is on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. Redhawk also has two gold properties in Nevada.

The TSX Venture Exchange has neither approved nor disapproved this release.

Contact Information

  • Redhawk Resources, Inc.
    Bruce Briggs
    (604) 633-5088
    (604) 633-5098 (FAX)
    Redhawk Resources, Inc.
    Robert McAllister
    Investor Relations
    (250) 870-2219
    Website: www: