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Noront Resources Commences Work Programme on Hawk 50/50 JV Property-"Ring of
Fire" Area, McFaulds Lake
TORONTO, ONTARIO - March 26, 2008 - Hawk Uranium Inc. (TSX.V:HUI ) is
pleased to announce that Noront Resources Ltd. (TSX.V:NOT ) has
commenced the 2008 Exploration Field Programme on its 50/50 Joint Venture
Property in the "Ring of Fire" McFaulds Lake Area, Northeastern Ontario.
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Noront has advised Hawk that it has completed in excess of 345 line km of
helicopter borne AeroTEM and Magnetic Geophysical Surveys from the survey
conducted by Aeroquest International Ltd at 100m line spacing over the Joint
Venture Property, and that it has received preliminary interpretation from
Scott Hogg & Associates Ltd.
A linecutting programme projected to involve in excess of 132 line km has
been initiated over a number of Priority 1 Geophysical Targets. This will be
followed by a number of Ground Geophysical Surveys including HLEM - Max-Min,
Ground Magnetics & VLF and Gravity Surveys to better refine the Airborne
Geophysical Targets.
Diamond drilling with one of the two recently acquired drill rigs by Noront
would be anticipated to follow.
Hawk is very pleased that Noront has selected its Joint Venture Property
with Hawk to kick off the 2008 exploration season in the "Ring of Fire"
McFaulds Lake Area, which has a very similar geophysical signature to
Noront's "known showings" in the area.
ABOUT HAWK URANIUM INC.
Hawk has option interests in a uranium project in Grand Calumet Township,
Quebec, two VMS/nickel/copper exploration properties in the McFaulds Lake
"Ring of Fire" area of Northern Ontario through option or joint venture
agreements (one with Noront Resources Inc. and one with MacDonald Mines
Exploration Ltd.), 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 near the Cluff Lake Uranium Mine
within the Athabasca Basin 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"). 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.
ABOUT NORONT RESOURCES LTD.
Noront is a Tier 2 junior resource company on the TSX Venture Exchange,
trading symbol NOT, with 125,377,082 shares issued to date.
CAUTIONARY STATEMENT
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 contact:
H. Vance White
Hawk Uranium Inc.
President
(416) 214-2250 or 1-866-214-9486
Walter Brooks
Hawk Uranium Inc.
Vice-President
(416) 214-2250 or 1-866-214-9486
(416) 367-1954 (FAX)
Source: Hawk Uranium Inc.
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