Redhawk Resources Announces Significant Increase in Copper Creek Exploration Lands
August 15 2011 - 1:32PM
Marketwired
Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:
RDK)(FRANKFURT: QF7)(OTCQX: RHWKF) is pleased to announce that its
wholly owned subsidiary Redhawk Copper, Inc. has acquired
significant additional exploration properties totaling
approximately 21 square miles contiguous to the existing
approximately 7 square miles comprising the advanced stage Copper
Creek copper molybdenum project. A total of 5,960 acres (2,709
hectares) were acquired through new ASLD Mineral Exploration
Permits and a further 7,400 acres (3,364 hectares) were acquired
through the staking of 371 BLM claims. All of the new areas are to
the north and northwest of the existing Copper Creek claims in
areas along the known southeast to northwest trend of
mineralization.
R. Joe Sandberg, President and CEO of Redhawk stated: "We have
proven that the porphyry system at Copper Creek is substantially
larger than originally projected and to date we have not defined
the boundaries of the system. The extensive work we have conducted
in the region has provided us with regional geological insights
that encouraged the acquisition of additional interests on the same
trend as our existing land package which now provides Redhawk with
the largest land position in the district. Major companies have
directly or indirectly become involved in the region and this
significant increase in contiguous land areas with excellent
exploration potential will ensure Redhawk will maintain control of
the dominant land position in the Copper Creek mining district. We
will evaluate the mineral potential in this favorable trend
utilizing the same approach to exploration that has proven
successful for us at Copper Creek."
About Redhawk
Redhawk is a Canadian-based resource exploration and development
company with primary focus on the accelerated development of its
advanced stage Copper Creek copper-molybdenum project in San
Manuel, Arizona. The 100% owned Copper Creek property consists of
approximately twenty-eight square miles of contiguous patented and
unpatented mining claims, state prospecting permits, and ASLD
Mineral Exploration Permits located about 70 miles northeast of
Tucson, Arizona and about 15 miles east of San Manuel. The property
is in the prolific southwest US porphyry copper belt at the
projected intersection of a major northwest belt of porphyry copper
deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson
Camp) and a major east-northeast belt of porphyry deposits (San
Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The
property is within sight of the former BHP Kalamazoo/San Manuel
copper smelter and mine and within 30 miles of an existing
operating copper mill and smelter. The area is a mining friendly
and politically secure location with excellent and readily
accessible infrastructure including power, rail, water, roads and
qualified consultants.
ON BEHALF OF THE BOARD
J. Stephen Barley, Managing Director
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, Redhawk does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise. By its very nature, such
forward-looking information requires Redhawk to make assumptions
that may not materialize or that may not be accurate. This
forward-looking information is subject to known and unknown risks
and uncertainties and other factors, which may cause actual
results, levels of activity and achievements to differ materially
from those expressed or implied by such information.
Neither TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Redhawk Resources, Inc. J. Stephen Barley Managing
Director 604-633-5088 inquiries@redhawkresources.com
www.redhawkresources.com Buick Group Corp. Jonathan Buick Investor
Relations 416-915-0915 jbuick@buickgroup.com
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