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Tuesday, October 05, 2010

Copper-molybdenum Stocks; Redhawk (TSX VENTURE:RDK) Intersects Significant Mineralization in New Targets at Copper Creek

Copper-molybdenum Stocks; Redhawk (TSX VENTURE:RDK) Intersects Significant Mineralization in New Targets at Copper Creek


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog)- Oct. 5, 2010) - Redhawk Resources, Inc. (TSX VENTURE:RDK)(FRANKFURT:QF7) -
  • Drill Hole REX 10-046 intersected 13.5 feet of 0.85% Cu and 4 feet of 1.59% Cu
  • Three additional rotary pre collar holes are complete
  • Diamond drilling has started on the second hole
  • Targets are 1 to 2 km away from the known porphyry style resources
Redhawk Resources, Inc. ("Redhawk" or the "Company") is pleased to announce that is has successfully intersected significant mineralization in its first district exploration drill hole designed to test new target areas and concepts in areas with no previous drilling. The first hole encountering this mineralization is over one kilometer from the nearest defined resource on the Copper Creek property, indicating the potential for significant expansion within the district. The mineralization is of particular importance as it is contained in mafic host rocks that in many well known porphyry systems such as Resolution and Sierra Gorda have been shown to have resource grades substantially higher than the main intrusive body.
Copper Creek covers approximately seven square miles. Almost all drilling to date has been focused on approximately 20% of the property and has resulted in a substantial resource hosted in intrusive rocks. As announced in May 2010, the Company is undertaking a five hole drill program on previously untested areas in the Copper Creek District with potential to host higher grade mineralization in mafic host rocks, such as andesite, diabase and gabbro in addition to the intrusive. All new areas being explored are well removed from the current resources and historical district exploration holes. The intent of the program is to show the upside potential for larger and additional resources in the entire district as well as higher grade resources in different host rocks.
The first hole of the five hole program is hole REX-10-046 which was drilled in the SW portion of the property approximately 3200 feet (~1000 meters) from the nearest resources and 1700 feet (~520 meters) from the nearest historical drill hole. Based on still incomplete assays from this hole, the better drill intercepts are listed below.
Hole IDFrom feetTo feetInterval feetCu%Mo%Ag opt
REX-10-04631743197230.320.0010.05
 3562356750.620.0050.08
 3580.5359413.50.850.0010.14
Including3590359441.590.0010.24
 3715372270.580.0330.11
REX-10-046 was drilled vertically with rotary from 0 to 953 feet and core from 953 to the total depth of 3956.5 feet (1206 meters). True thicknesses have not been determined. The first two intercepts shown above are contained in andesitic volcanics and confirm the potential for the mafic rocks in the district to host significant and possibly economic mineralization. Redhawk believes this first drill hole has demonstrated a vastly increased area within the district, outside current resource areas, with excellent exploration potential and which to date has had little or no historical drilling.
Joe Sandberg, President of Redhawk stated: "We have successfully achieved one of the primary goals of this drilling program in that the first hole of our five hole program has proven our concept of mineralization in higher grade host rocks and in different formations than our existing resources. The magnitude of the potential at Copper Creek increases dramatically when you consider that this first hole is over 1,000 meters from our current 43-101 resource which is contained in an area measuring approximately 1,275 by 750 meters. The remaining four holes on this exploratory expansion program have the same focus but are in different areas well away from the historically explored portion of Copper Creek."
Three additional exploration holes have been pre-collared with rotary drilling and a fourth is in progress. One rotary pre-collar hole is currently being deepened with core drilling and the others are scheduled for deepening with core drilling.
R. Joe Sandberg, CPG, Redhawk's President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.
All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with assay jobs, and reviewed for accuracy.
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 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
"R. Joe Sandberg"
R. Joe Sandberg, President & CEO
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.

For more information, please contact
Redhawk Resources, Inc.
J. Stephen Barley
Managing Director
604.633.5088
inquiries@redhawkresources.com
www.redhawkresources.com
or
Redhawk Resources, Inc.
Tasso Baras
Investor Relations
604-738-3882 or Toll Free: 1-877-738-3882

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