Redhawk Provides Update on Copper Creek Joint Venture
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/25/16 -- Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX: RDK)(FRANKFURT: QF7) is pleased to provide an update on the Copper Creek joint venture with Anglo American (the "Joint Venture").
The Joint Venture currently funded by Anglo American is approximately half way through the US$4,000,000 (CDN$5,125,000) work program for 2016. The work completed included one exploration drill hole to the northwest of the American Eagle current resource area to test an area of strong alteration; a comprehensive geochemistry and geophysics review; additional 3D modelling and additional mapping and sampling. The geophysics work was comprised of two airborne surveys and surface survey with the capability to detect geophysical signatures to depth. There is currently one drill operating on the property and a second drill is expected to start shortly. The drills are testing newly identified and untested target areas.
"We continue to be very pleased with the joint effort with Anglo American at Copper Creek," stated Joe Sandberg, President and CEO. "Redhawk remains as the operator for the program and we have had ongoing excellent support and input from various discipline experts on the Anglo American team."
Redhawk is a Canadian-based resource exploration and development company with a current focus on the advancement of the Copper Creek copper-molybdenum project in San Manuel, Arizona through a joint venture with Anglo American. The Copper Creek property consists of approximately twenty-nine square miles of contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure including power, rail, water, roads and qualified consultants. Redhawk is continuing with efforts to identify and participate in other projects of merit independent of the Joint Venture with Anglo American.
ON BEHALF OF THE BOARD
J. Stephen Barley, Executive Chairman
Cautionary Note Regarding Forward Looking Information
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable securities laws. These forward looking statements relate to future events or the Company's future performance, business prospects or opportunities. The Company believes that the expectations reflected in such forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. These statements speak only as of the date of this press release. Forward looking information involves risks and uncertainties which may cause actual results to be materially different from those expressed or implied by such forward looking information. The Company does not intend, and does not assume any obligation, to update any forward-looking information except as required by law.
Contacts:
Redhawk Resources, Inc.
J. Stephen Barley
Executive Chairman
604-633-5088
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Datum: 25.05.2016 - 12:00 Uhr
Sprache: Deutsch
News-ID 473477
Anzahl Zeichen: 4308
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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