Jun. 30, 2010 (TheNewswire.ca) --
Toronto, June 30, 2010 - Hawk Uranium Inc. (OOTC:HWKPF) (TSXV:HUI) (TSX-V:HUI, FRANKFURT:HPM, PINK-OTC:HWKPF)("Hawk" or the "Company") is pleased to announce that Hawk has been advised by its JV partner MacDonald Mines Exploration (TSXV:BMK) Ltd. (TSX-V:BMK)("MacDonald") that they are mobilizing a second diamond drill rig onto the McNugget Property, James Bay Lowlands, Ring of Fire Area, Northern Ontario. This second diamond drill rig will be collared on the prospective Nickel target - VTEM anomalies N-25 & N-26 in the vicinity of borehole MN 07-39 on the Hawk/MacDonald McNugget JV ground (see BMK PR of August 11, 2009 & November 13, 2007 -27m averaging 0.26 percent Ni including 1m intersections of greater than 0.5 percent Ni, and 0.36 percent Ni over 4.5 meters) - see attached map.
Hawk had previously (see HUI NR of June 23, 2010) announced the completion of a surface Geophysics Pulse EM survey by Crone Geophysics of Mississauga, Ontario over these anomalies and the interpretation and modeling indicates a step response of a conductive body trending approximately East-West with a strike length of over 300m. A second conductor may exist under one of the loop edges. Drilling on the JV ground targets is expected to commence in 10-14 days.
The Hawk/MacDonald-McNugget JV Property is a joint venture property with MacDonald covering 6 contiguous claims, or approximately 1,554 hectares, in the James Bay Lowlands, Ring of Fire Area of Northern Ontario. Hawk has a 36.75 percent interest in this joint venture, with the remaining interest held by MacDonald, who also acts as operator on the project.
Michael Newbury, P. Eng (ON), a "qualified person" as such term is defined by National Instrument 43-101, and a director of Hawk has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Hawk. Exploration activities are coordinated by Randy Singh, P.Geo (ON), P.Eng (ON), Exploration Manager, Hawk Uranium Inc.
Paste the link provided below to view map: Hawk/MacDonald - McNugget JV Map http://www.rmcommunicationsinc.com/snapmail/img/file20100601104635.pdf
About Hawk Uranium Inc.
Hawk Uranium Inc. is a Canadian based junior exploration company with a portfolio of diversified projects at various stages of exploration and drilling, for Uranium in Northern Saskatchewan and Quebec, Gold in Ontario and Nickel/Copper/PGM in the ‘Ring of Fire' McFauld's Lake Area of Northern Ontario.
As previously announced, to better reflect Hawk's decision to focus its activities on its properties in the James Bay Lowlands "Ring of Fire" region in Ontario, the board of directors has approved a name change of the Company to "Ring of Fire Resources Inc.". The name change will be proposed to shareholders of the Company at a special meeting of the shareholders that will be called and held in the coming months.
More detailed information is available on the website at www.hawkuranium.com.
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
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