news
posted on
Sep 26, 2008 06:48AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Drill Program to Commence on the Hawk/Noront Optioned Joint Venture Property, "Ring of Fire" Area, McFauld's Lake
TORONTO, ONTARIO, Sep 26, 2008 (Marketwire via COMTEX News Network) --
Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") is pleased to announce that Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront") will commence an initial 3-hole diamond drill program totalling approximately 450m on its optioned joint venture property in the "Ring of Fire" McFauld's Lake Area, Northeastern Ontario. This work is scheduled to commence during the first week of October 2008. Hawk is earning a 50% interest in the subject property.
Noront, the operator of the project, has advised Hawk that the drill program will target a prominent airborne geophysical anomaly identified from the approximately 300 line km of helicopter-borne AeroTEM and magnetic geophysical surveys conducted by Aeroquest International Ltd. at 100m line spacing over the property. Ground detail follow-up consisted of approximately 132 line km of ground geophysical surveys, including HLEM - Max-Min (horizontal loop electromagnetics), ground magnetometer and VLF (very low frequency) electromagnetic surveys. A second airborne electromagnetic and magnetic survey was flown over the property using Geotech Ltd - VTEM technology.
Hawk is pleased to participate in the advancement of the program in this developing mining camp.
ABOUT HAWK URANIUM INC.
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.
ABOUT NORONT RESOURCES LTD.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,824,783 shares issued to date, which apart from its earlier announced discovery of a high grade nickel, copper, PGM discovery in the "Ring of Fire" in McFauld's Lake has recently announced that it "continues to outline world class chromite mineralization" in the "Ring of Fire".
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.
SOURCE: Hawk Uranium Inc.