![](../style/all/img/drapeau/grand/Canada.gif) | | Published : June 01st, 2009 | Acquire Gold Property in Sonora, Mexico - June 1, 20 |
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Hawk to Acquire
Gold Property in Sonora, Mexico
Toronto, June 1, 2009 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM)
(“Hawk��) is pleased to announce that it has entered into a binding letter of
intent (“LOI��) with
Exploraciones San Bernardo S.A. de C.V. (“San Bernardo��), Trimax Corporation (OTCBB:TMXN)
(“Trimax��), Robert S. Stewart and Reginald
Olson, to enable Hawk to acquire up to a 100% interest in mining claims
referred to as “Raquel 2 – 9,451.575 hectares, La Dura 8 – 100
hectares, La Dura 8 – 109 hectares, La Dura 5 – 90 hectares, La Dura 5
– 500 hectares��, located
in the municipality of Alamos, Sonora, Mexico (the “Sonora Claims��).
Trimax and San Bernardo had previously signed a letter agreement whereby
Trimax obtained the right to acquire a 100% interest in the Sonora Claims.
Pursuant to the LOI with Hawk, Trimax agreed to terminate and release all
interests it was granted by San Bernardo in the Sonora Claims. The parties
intend to complete definitive documentation for the transaction, following
which Hawk will acquire a 100% unencumbered interest in the Sonora Claims
from San Bernardo (the “Transaction��). In connection with the LOI, San Bernardo has acknowledged that
the Sonora Claims are held by San Bernardo in a joint venture with Messrs.
Stewart and Olson, who will collectively be the selling parties
in the Transaction.
Under the LOI, Hawk has agreed to pay 15,000,000 of its common shares
according to the following schedule:
a) at a closing to be held on or before July 31, 2009, 5,000,000 shares;
b) on or before 6 months following the closing, 5,000,000 shares; and
c) on or before 12 months following the closing, 5,000,000 shares.
The shares to be issued will be divided as follows: 1/3 to Trimax and 2/3
to be divided equally among San Bernardo, on the one hand, and Messrs.
Stewart and Olson, on the other hand.
Under the LOI, Hawk has undertaken to spend up to $50,000 conducting a
program of collecting and analyzing up to 2,000 rock-chip samples from the
Sonora Claims. Upon receipt of the results of that exploration program (and
in any case no later than July 31, 2009), Hawk will determine whether it
wishes to acquire the Sonora Claims. The parties have agreed that all
results of this sampling program will remain the property of Hawk, whether
or not it determines to proceed with the acquisition of the Sonora Claims.
About the Sonora Claims:
The Sonora Claims are located in the western foothills of the Sierra Madre
Occidental, approximately 30 kilometers North-Northwest of the town of
Alamos, in Sonora, Mexico. The project area is confined to the Eastern side
of the Rio Mayo and extends East and West beyond the local municipality of
San Bernardo, Sonora.
In a press release issued by Trimax on April 29, 2009, Trimax described the
Sonora Claims as follows:
“The favorable geology consists of Granodiorite, which covers a larger
portion of the Raquel 2 claim. The Granodiorite is the main source of
epithermal gold, silver zinc and copper mineralization. Structures are in
close proximity or part of the NW- SE Mojave Sonora Mega-Shear. Major
shears and faults are crisscrossing the property. The most important shear
directions are trending NW-SE and SSW to NNE. These well defined shears and
faults zones act as mineral feeder systems as well as ore traps (see link
to map below).
The Magnetic structures trend in WNW to ESE, NW to SE and E-W directions.
The gold silver NWSE trends do not show up on the MAG. The WSW - ENE zinc
and gold silver trend do show on the MAG survey as a broad MAG Zone. The
E-W direction is more and is evident at the Frontera Piedras Verdras Copper
Mine towards the South".
A copy of the April 29, 2009 press release is available at
http://www.trimaxcorp.net/news.html.
A map of the Sonora Claims is available at
http://media3.marketwire.com/docs/tmxn429.pdf.
South Sonora in the Alamos area mining district of Mexico is
internationally renowned for its multi-metalic mining properties containing
significant amounts of minerals, including gold, silver, copper, lead,
zinc, graphite and tungsten. Mining records show that this area was first
developed by the Spanish in the 16th century.
About Robert Stewart:
Mr. Stewart is Chairman, CEO and a Director of Trimax Corporation. He is
also a Director of ICS Copper Services LLC (TSX-V: ICX). Mr. Stewart
started his career with Hudson’s Bay Mining and Sherritt in the base and
precious metal mines in Northern Manitoba, Canada. From there he
transferred to East, Central and Southern Africa where he financed,
developed or sold a number of large mining, petroleum and infrastructure
projects with partners that have included Falconbridge Ltd., Bechtel Civil
and Minerals Inc., American Mineral Fields Inc., Krupp Stahl GmbH,
Electrowatt A.G. Switzerland, CDC Group Plc. London and Sir Alexander Gibb
and Partners Plc (London).
Mines which Mr. Stewart discovered, developed, or contributed significantly
to include Ruttan Lake Copper Mine, Kilembe Copper/Cobalt Mines Limited,
Kolwezi Cobalt Tailings Project, Lynn Lake Gold Mine, Snow Lake Gold Mine,
and the OMCO Copper Mine in Oman. In addition, he initiated the billion
dollar Songo Songo natural gas-to-electricity project in Tanzania and the
Sanaga Sud natural gas field in Cameroon. Mr. Stewart also wrote the $50
billion Master Plan for the Reconstruction of the Democratic Republic of the
Congo (including all mining projects) on behalf of Bechtel Corporation.
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 Gold in N. Ontario, Uranium in N.
Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the ‘Ring of
Fire’ McFauld’s Lake Area of N. Ontario.
More detailed information is available on the website at
www.hawkuranium.com.
About Trimax Corporation:
Trimax Corporation is a Nevada incorporated company having its principal
offices in Scottsdale, Arizona. Previously, Trimax was involved in several
projects specializing in new communication technologies. On April 20, 2009,
Trimax entered into a letter agreement with San Bernardo to acquire the
Sonora Claims. As part of the LOI with Hawk, Trimax would release all
interests in those claims. More detailed information about Trimax
Corporation is available at http://www.trimaxcorp.net.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
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.
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.
Contacts: Hawk Uranium Inc.
H. Vance White, President
Phone: 416-214-2250
Phone: 866-214-9486
Fax: 416-367-1954
Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com
This press release is not to be disseminated or used in the United
States of America, and may not be viewed or relied upon in that country or
by investors in that country. ..
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Hawk Uranium Inc.
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EXPLORATION STAGE |
CODE : HUI.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hawk Uranium is a uranium exploration company based in Canada. Its main exploration properties are GRAND CALUMET, CLUFF LAKE PROPERTY, CHARLEBOIS LAKE, CORTEZ PROPERTY, BIG MAC/MACNUGGET and HOLDSWORTH in Canada. Hawk Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.0 millions as of today (US$ 4.0 millions, € 3.0 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.49, and its lowest recent point on December 24, 2008 at CA$ 0.02. Hawk Uranium has 52 935 000 shares outstanding. |
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