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Hawk Uranium Inc. Announces TSX.V Approval of Option Agreement with Noront
Feb 4, 2008, TORONTO, ONTARIO - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is pleased to announce that the TSX
Venture Exchange has provided final approval of its option agreement with
Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront"). Pursuant to that
agreement, Hawk has acquired an option for a 50% interest in 10 mining
claims (covering a total of 160 claim units, or approximately 6340 acres) in
the "Ring of Fire" of the McFauld's Lake area, James Bay Lowlands, Ontario
near Noront's nickel copper discovery. The terms of this agreement were
disclosed in a previously-issued press release.
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Vance White, CEO and President of Hawk, said "I believe that the Noront
discovery will become a very significant discovery and the McFauld's
district, a significant new mining district. The assay results announced by
Noront on January 28, 2008 with respect to claims that are held 100% by
Noront provide further support for the potential of this area. The
exploration and development of this area will evolve over the next few
years. One must remember that this area of Northern Ontario is a very under
explored area and with the advent of modern geophysical techniques and
equipment a number of new discoveries could well come out of the area. Also
with the construction of the road into the DeBeers Victory diamond mine one
will have greater and easier access to the area."
ABOUT HAWK URANIUM INC.
Hawk has both direct or option interests in a uranium project in Grand
Calumet Township, Quebec, two VMS/nickel/copper exploration properties in
the McFauld's Lake "Ring of Fire" area of Northern Ontario in Joint Venture
one with Noront Resources and one with MacDonald Mines; one gold exploration
property in the Wawa area of Ontario, one uranium property in the Elliot
Lake Camp of Ontario, one uranium property in the Charlebois Lake Area of
the Northern Mining District of Saskatchewan, one uranium property in Gila
County, Arizona, and a core holding of 3.5 million shares in Wits Basin
Precious Minerals Inc. (OTCBB:WITM). Wits Basin is currently pursuing active
projects in South Africa, Colorado, Mexico and the People's Republic of
China. Hawk also has petroleum and natural gas properties in Ontario.
For all Hawk Uranium Inc. investor relations needs, investors are asked to
visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they
can post questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively, investors
are able to e-mail all questions and correspondence to hui@agoracom.com
where they can also request addition to the investor e-mail list to receive
all future press releases and updates in real time.
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No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This news release
includes certain "forward-looking statements". All statements other than
statements of historical fact included in this release, including, without
limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Hawk, are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and results to differ materially from Hawk's plans and
expectations as 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
For more information, please contact:
Hawk Uranium Inc.
H. Vance White
President
Phone No: (416) 214-2250 or Toll Free: 1-866-214-9486
Fax: (416) 367-1954
Hawk Uranium Inc.
Walter Brooks
Vice President
Phone No: (416) 214-2250 or Toll Free: 1-866-214-9486
Fax: (416) 367-1954
Source:Hawk Uranium Inc.
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