B2Gold Corp. press release
Hawk McNugget JV Ring of Fire Update, MacDonald Mines Discovers Potential New VMS Camp
TSX - Toronto Stock Exchange · Gold · Canada
Jun. 1, 2010 (TheNewswire.ca) --
Toronto, June 01, 2010 - Hawk Uranium Inc. (OOTC:HWKPF) (TSXV:HUI) (TSX-V:HUI, FRANKFURT:HPM, PINK-OTC:HWKPF)("Hawk" or the "Company") recommends to its shareholders the May 31, 2010 announcement by MacDonald Mines Exploration (TSXV:BMK) Ltd. (TSX-V:BMK)("MacDonald") on the discovery of a "Potential New VMS Camp" on the McNugget Property, James Bay Lowlands, Ring of Fire Area, Northern Ontario. Drill hole MN 10-111 (900 Azimuth/ -650 Dip/ 124.97m Depth) that was drilled to test VTEM anomaly N-32 had a 14.94m massive sulphide intersection. This anomaly strikes directly onto the the Hawk/McNugget JV Ground - see map attached below. Assay results are pending. 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 Lawlands, Ring of Fire Area of Northern Ontario. Hawk has a 36.75 % interest in this joint venture, with the remaining interest held by MacDonald, who also acts as operator on the project.
Hawk also announces that line-cutting has commenced over the previously drilled MN 07-39 (0.36% Ni over 4.5m and 0.26% Ni over 27.0m) in preparation for a ground Pulse EM Survey by Crone Geophysics of Mississauga, Ontario that targeted VTEM anomaly N-25 (see BMK News Release, November 13, 2007). Hawk anticipates that drilling these geophysical targets on the Hawk/McNugget JV Property will take place by the end of June 2010.
Hawk also announces that down-hole pulse EM Surveys in 4 diamond drill holes on two (2) out of the seven (7) the 100% owned properties, namely the Baltic 1/Crossroads and the Baltic 2/Caribou, recently acquired from Canadian Orebodies Inc (TSXV:CO) (see HUI News Release, May 11, 2010) has been completed by Crone Geophysics of Mississauga, Ontario and Hawk is presently awaiting detail interpretation before designing additional follow-up exploration work in 2010.
Michael Newbury, P. Eng , 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., P.Eng.(Ont), Exploration Manager, Hawk Uranium Inc.
Click on 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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