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Hawk Uranium Inc.

Publié le 27 juillet 2009

Hawk Proceeding with Initial

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Hawk Proceeding with Initial Payment to Acquire Sonora, Mexico Property

Toronto, July 27, 2009 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (Hawk) has completed a rock chip sampling program on the San Bernardo, Sonora, Mexico claims that it agreed to evaluate under its previously announced Letter of Agreement regarding that property (see previous news release of June 1, 2009). Hawk is pleased to announce that it will now proceed with the initial payment in order to acquire a 100% interest in the property.

Pursuant to a letter agreement dated May 22, 2009, Hawk has the right to acquire, from San Bernardo, an unencumbered 100% interest in the 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). Further to the investigations conducted by Hawk, it was determined that one additional mining concession should be included in, and form part of, the Sonora Claims, namely Raquel 1 205.84 hectares.

Subject to any required TSX Venture Exchange approval, Hawk willas the initial payment issue 5,000,000 of its common shares on or before July 31, 2009.

The balance of the payments required from Hawk in order for it to have acquired and own 100% of the Sonora Claims are:

a) on or before 6 months following the closing, 5,000,000 shares; and
b) on or before 12 months following the closing, 5,000,000 shares.

Hawk has completed an initial sampling program of collecting and analyzing rock-chip samples from the Sonora Claims. The samples were sent to Jacobs Labs in Tucson, Arizona with pulps sent to IPL in Vancouver, B.C. for analysis. The results are being incorporated in a NI 43-101 Report being prepared by Mr. Tor Bruland, P.Geo. (B.C.) that will be filed on SEDAR within 45 days.

The initial recommendations are for a follow-up work program of US$ 176,000 to include:

1) a 400 rock sampling program;
2) a 2,100 soil sample geochemical program;
3) a complete geological mapping of the area.

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.

The Alamos area mining district of Mexico is internationally renowned for its multi-metalic mining properties containing gold, silver, copper, lead, zinc, graphite and tungsten mineralization. Mining records show that this area was first developed by the Spanish in the 16th century.

The acquisition of the Sonora claims is a continuation of Hawk�s strategic plan to build a diversified portfolio of properties with high potential for near term resources and potential cash flow.

About Hawk Uranium Inc.:

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects, in addition to the Sonora, Mexico claims that are 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.

Michael Newbury P.Eng., a qualified person
as such term is defined by National Instrument 43-101 and a director of Hawk, has reviewed the preliminary metallurgical results and has otherwise reviewed and approved the technical information in this news release on behalf of Hawk.

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. ..


 

SnapMail is a Service of www.RMC.mobi

Hawk Uranium Inc.
2500 – 120 Adelaide St.W.
Toronto, Ontario
Canada M5H 1T1

Tel: 416-214-2250
Toll: 866-214-9486
Fax: 416-367-1954

info@hawkuranium.com
www.hawkuranium.com

http://www.rmcommunicationsinc.com/snapmail/img/spacer.gif

 

Hawk Uranium Inc.

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CODE : HUI.V
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Hawk Uranium est une société d’exploration minière d'uranium basée au Canada.

Ses principaux projets en exploration sont GRAND CALUMET, CLUFF LAKE PROPERTY, CHARLEBOIS LAKE, CORTEZ PROPERTY, BIG MAC/MACNUGGET et HOLDSWORTH au Canada.

Hawk Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,0 millions CA$ (4,0 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,49 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$.

Hawk Uranium possède 52 935 000 actions en circulation.

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Financements de Hawk Uranium Inc.
30/04/2010Adds Common Share Units to Private Placement - April 30
22/01/2010Announces Repricing of Warrants - January 22, 2010
20/01/2010Announces Proposed Repricing of Warrants -
07/01/2010Announces Closing of Private Placement - J
12/02/2009Amendments to Terms of Warrants
19/01/2009Extends Term on Warrants
11/12/2008Proposes Amendments to Warrants
Nominations de Hawk Uranium Inc.
02/09/2009Appoints Robert S. Stewart as CEO: Undertakes $750,000
Projets de Hawk Uranium Inc.
23/06/2009(Holdsworth)Signs Contract for Auger Drill Program - Holdsworth, On
25/02/2009(Mc Fauld's Lake)Terminates Interest in Noront Resources/Hawk JV Proper
13/01/2009(Holdsworth)Holdsworth Drill Results - January 13, 2009
14/07/2008(Holdsworth)Extends Soocana Vein to 750m, Chip Sample returns 42.5
09/07/2008(Holdsworth)Mobilizes Drill Rig onto Holdsworth - July 8, 2008
Communiqués de Presse de Hawk Uranium Inc.
04/05/2010Announces Closing of First Tranche of Private Placement
01/03/2010Completes Issuance of Shares - March 1, 2010
16/12/2009Announces Resignation of Robert S. Stewart - December 1
27/11/2009Sells Cluff Lake Uranium Claims - November 27, 2009
20/11/2009Completes Issuance of Shares to Service Providers - Nov
10/11/2009Enters into Letter of Intent for Ghanaian Mining Claims
18/08/2009Not to Proceed with Acquistion of Sonora, Mexico Proper
27/07/2009Hawk Proceeding with Initial
01/06/2009Acquire Gold Property in Sonora, Mexico - June 1, 20
11/03/2009Acquires Additional Uranium Claims In N. Saskatchewan -
09/03/2009Results of Shareholders' Meeting - Mar.6, 09
21/11/2008Extends Loan to Wits Basin Precious Minerals Inc
03/09/2008 Amends PR Agreement
13/08/2008Receives Additional Gold and Silver Results from Holdsw
28/07/2008Obtains extension on Payment Installment for Cortez Pro
02/07/2008 Commences Exploration on Cortez Property - July 2, 2008
02/06/2008Launches Corporate Website
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