Redhawk Resources Receives Balance of Right of Ways and Provides Update on 2011 Pre-Feasibility Work Program
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/15/11 -- Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX: RDK)(OTCQX: RHWKF)(FRANKFURT: QF7) -
Redhawk Resources, Inc. is pleased to announce the amended Right of Way (ROW) through State of Arizona lands has been granted. The three miles represented by the amended ROW combined with the previously granted seven miles of ROW, provides the Company with excellent all weather access for vehicles and services from the paved public road to the expected mine site. The amended ROW was one of the six key advancements necessary to commence the Pre-Feasibility Study (PFS) in early 2012.
The Company announced all fundamental work efforts necessary to commence the PFS are on schedule and with positive results received to date. There were a total of six major initiatives required to be accomplished and the ROW was one of those goals. The key initiatives and updates include:
Mr. Stephen Barley, Executive Chairman commented: "Redhawk continues to take critical steps to move Copper Creek towards production in the shortest possible timeframe. The current resource is open in most directions and there is significant upside potential in the original Copper Creek property where 75% of the property remains under explored. In addition the Company continues to add additional land holdings to the approximately 22 square miles in the contiguous Copper Creek North property which remains unexplored and has very encouraging indicators of mineralization. However, the primary focus over the next five months is to advance Copper Creek toward the completion of a PFS and to continue to add confidence to this project. Results to date on all key elements have been extremely positive and Redhawk is well funded to complete the PFS. We believe Copper Creek will be the cornerstone of significant new copper production operations in this part of Arizona and our plans are directed towards achieving this goal."
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 and Copper Creek North properties consist of approximately twenty eight square miles of contiguous patented and unpatented mining claims and state prospecting 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 and 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, Executive Chairman
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 the TSX 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
Executive Chairman
604-633-5088
Buick Group Corp.
Jonathan Buick
Investor Relations
416-915-0915
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Datum: 15.11.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 88033
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contact information:
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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