Toronto, March 11, 2009 – Hawk Uranium Inc. (TSX-V:HUI,
FRANKFURT:HPM) (“Hawk�� or the "Company��) is pleased to announce that it has
acquired, by staking, 3 additional blocks totaling 848 hectares in the
Charlebois Lake Area, 56 kilometers E-NE of Stony Rapids, Northern
Saskatchewan.
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Hawk now controls a total of 12 blocks
totaling 5,102 hectares in the Charlebois Lake Area, Northern Saskatchewan.
The additional staking is in part due to the results of the 1,499 line
kilometers of heliborne VTEM Survey by Geotech of Aurora, Ontario, Canada
(as previously disclosed in the Company’s press release dated April 7,
2008) and subsequent detail interpretation of the geophysical data by
Condor Consulting of Lakewood, Colorado, USA.
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The new staking covers the strike
extensions of known Uranium showings on adjacent claims and all Priority #1
targets identified in the Condor Consulting Interpretation Report.
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The Charlebois Lake Area is known for
its uranium and to a lesser extent molybdenum mineralization in pegmatites
and migmatites that can occur as lens-like and possibly en-echelon type
bodies within dykes and sills. The area is structurally very complex and it
is postulated that the uranium mineralization was introduced simultaneously
with the later stages of pegmatite dykes emplacement. Pegmatite Dyke
emplacement has intruded preferentially along complex fault/fracture
systems and dilation zones within these complex fault zones constitute
favorable locations for uranium concentration.
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The VTEM survey was aimed at the
detection of conductive zones related to fault/fracture system combined
with the magnetic mapping of lithology and structure.
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The Charlebois Lake area is underlain
by The Early Precambrian Tazin Group, consisting of highly metamorphosed
biotite bearing impure quartzite, schist, and hornblende gneisses, which
have been intruded by granite and granite gneiss that now occupy 70% of the
area. Subsequent tectonics resulted in the intrusion of mineralogically
similar pegmatites which in the area are described as pegmatite granite.
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Michael Newbury, P.Eng, a
"qualified person" as such term is defined by National Instrument
43-101, and a director of Hawk, has reviewed and approved the technical
information in this news release on behalf of Hawk.
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About Hawk Uranium Inc.
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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 Uranium in N. Saskatchewan,
Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring
of Fire’ McFauld’s Lake Area of N. Ontario.
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More detailed information is available on the
website at www.hawkuranium.com.
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Cautionary
Statement:
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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
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Corinna de Beer
Investor Relations
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Phone:
Phone:
Fax:
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416-214-2250
866-214-9486
416-367-1954
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Phone:
eMail:
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416-792-0343
ir@hawkuranium.com
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