VANCOUVER,
BRITISH COLUMBIA--(Marketwire - May 17, 2010) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX
VENTURE:RDK)(FRANKFURT:QF7) is pleased to announce it has received the Right of Way (ROW)
approval from the Arizona State Land Department for approximately 5.5 miles of
haul road construction and maintenance between the Company's Copper Creek
property and paved public roads near Mammoth, AZ. The ROW is a crucial piece of
the permitting process that allows for efficient access to the Copper Creek
property and the ability to haul ore or concentrates from the property to
existing highway and rail transportation. The ROW is in effect for ten years
and is renewable.
Redhawk has also submitted
application to the Bureau of Land Management (BLM) for several drill roads and
drill sites to test newly developed drill targets on Redhawk held lands
administered by the BLM within the 7 square mile Copper Creek property. The
planned drill program will also test several targets on lands owned by Redhawk
within the district that do not require BLM approval.
Joe Sandberg, President of Redhawk
Resources commented: "The drilling program will test previously unevaluated or
under evaluated target areas with the potential for large deposits of porphyry
style copper/molybdenum mineralization in mafic host rocks peripheral to the
resource areas of the Keel and American Eagle deposits. The planned drilling
program is fully funded by the recently completed private placement and will
test these targets."
Brock Riedell, Technical Advisor to the
Company commented: "Mafic host rocks are known to have significant grade
enhancement over the intrusive host rock counterparts at Resolution, Ray, and
Safford in Arizona, El Teniente in Chile, and Oyu Tolgoi in Mongolia. Redhawk and
its senior porphyry copper consultants have identified five areas with combined
geological, alteration, geochemical, and geophysical characteristics that
suggest major areas of porphyry style mineralization may be present at depth."
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 Company also has a
gold/silver property in Nevada.
The 100% owned Copper Creek
property consists of approximately seven square miles of almost totally
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 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 smelter. The area is a mining friendly and
politically secure location with excellent and readily accessible
infrastructure.
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.