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Redhawk Resources Announces Results of Final 2011-2012 Resource Expansion and Upgrade Drilling at Copper Creek Project

2012-08-08 07:30 ET - News Release

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 08/08/12

Redhawk Resources, Inc. (TSX:RDK)(OTCQX:RHWKF)(FRANKFURT:QF7) -


--  Additional drilling encounters thick mineralized zones including 
    --  1834 ft. (558m) 0.40% Cu, 0.014% Mo, 2.52 ppm Ag 
    --  890 ft. (271m) 0.40% Cu, 0.008% Mo, 2.80 ppm Ag 
    --  1427 ft. (435m) 0.30% Cu, 0.006% Mo, 2.48 ppm Ag 
--  Significant high grade zones including 
    --  210 ft. (64m) 1.38% Cu, 0.001% Mo, 2.15 ppm Ag 
    --  180 ft. (55m) 0.54% Cu, 0.004% Mo, 1.32 ppm Ag 
    --  362 ft. (110m) 0.66% Cu, 0.014% Mo, 3.39 ppm Ag 
    --  210 ft. (64m) 0.68% Cu, 0.007% Mo, 5.13 ppm Ag 

Redhawk Resources, Inc. ("Redhawk" or the "Company") is pleased to announce the results of seven final drill holes of the 2011-2012 resource expansion and definition program. (See attached map for drill hole locations: http://media3.marketwire.com/docs/rdk88i.pdf).

2011-2012 Resource Expansion and Upgrade Drill Program

The 2011-2012 drill program is focused on increasing the connection and consequent resource expansion between the Keel and American Eagle (AE) porphyry areas and infill drilling to move a considerable portion of the AE resource and more of the Keel resource into the Measured and Indicated categories for a Pre-Feasibility Study that is currently underway.

Since the results from earlier drilling of the 2011 program (see prior news releases dated June 1, 2011, September 12, 2011, November 29, 2011, and January 24, 2012, March 15, 2012), assay results for seven additional core holes have now been received for:


1.  RAE-11-061 drilled vertically to total depth 4153 feet (1266m) 
2.  RAE-11-064 drilled vertically to total depth 4217 feet (1285m) 
3.  RMK-12-068 drilled S2W at -83 degrees to total depth 4857.5 feet (1481m)
4.  RMK-12-069 drilled S66Wat -83 degrees to total depth 4237 feet (1291m) 
5.  RMK-12-071 drilled E at -81.5 degrees to total depth 4343.5 feet (1324m)
6.  RMK-12-076 drilled N33E at -78 degrees to total depth 4137 feet (1261m) 
7.  RMK-12-077 drilled S6E at -82 degrees to total depth 4263 feet (1299m) 

Significant intervals are shown below. All of the holes are infill/resource upgrade holes or short step-out expansion holes in the AE and Keel resource areas. The drill holes listed above and shown with detailed significant intervals below were still in progress or not started before the data cutoff date for the May 10, 2012 NI43-101 compliant resources update by Independent Mining Consultants, Inc. The Company anticipates the results from these seven holes in conjunction with additional resource work currently being completed will be included in an updated resource report being issued late this year or early 2013.


RAE-11-061                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
80                   160             60        0.25       0.001        1.05
450                  660            210        1.38       0.001        2.15
660                  680             20        0.27       0.001        0.76
700                  740             40        0.72       0.001        1.42
1616                1796            180        0.54       0.004        1.32
2547                3815           1268        0.28       0.006        0.59
Including                                                                  
2577                2765            188        0.35       0.001        1.17
2795                3195            400        0.42       0.011        0.81
Including                                                                  
2876                2975             99        0.67       0.012        1.27
3005                3035             30        0.45       0.019        0.74
3110                3195             85        0.57       0.009        1.06
                                                                           
3255                3285             30        0.40       0.021        0.62
                                                                           
RAE-11-064                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
2513                2531             18        0.44       0.004        1.58
2621                2642             21        0.38         nil        1.20
2917                2967             50        0.38       0.002        1.22
3016                3176            160        0.24       0.003        0.54
Including                                                                  
3016                3036             20        0.52       0.020        1.05
                                                                           
3247              3656.5          409.5        0.28       0.002        0.58
Including                                                                  
3247                3367            120        0.47       0.003        0.96
Including                                                                  
3247                3280             33        0.89       0.002        1.65
3337                3367             30        0.52       0.004        1.03
                                                                           
4127                4160             33        0.37       0.004        0.74
                                                                           
RMK-12-068                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
2257                2287             30        0.37       0.001        0.53
2472                2625            153        0.21       0.002        0.39
2685                2725             40        0.29       0.011        1.46
2765                4599           1834        0.40       0.014        2.52
Including                                                                  
2898                2946             48        0.49       0.012        2.50
3022                3062             40        0.99       0.007        2.24
3103                3465            362        0.66       0.014        3.39
3555                3595             40        0.49       0.026        2.81
4175                4239             64        0.87       0.019        8.72
4259                4299             40        0.44       0.020        2.26
4389                4599            210        0.68       0.007        5.13
                                                                           
RMK-12-069                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
1590                1610             20        0.37       0.005        1.49
1835                1855             20        0.33       0.002        5.45
1890                1975             85        0.14       0.026        0.27
2125                2300            175        0.25       0.008        0.52
2400                2607            207        0.27       0.003        0.53
Including                                                                  
2480                2500             20        0.56       0.005        0.82
2532.5              2607           74.5        0.34       0.003        0.78
                                                                           
2657                3547            890        0.40       0.008        2.80
Including                                                                  
2763                2805             42        0.51       0.021        1.79
2860                2910             50        0.44       0.017        1.84
2960                3430            470        0.48       0.004        3.71
3465                3509             44        0.49         nil        4.37
                                                                           
3587                3667             80        0.42       0.002        1.30
3803                3832             29        0.56       0.002        5.09
3922                3972             50        0.21       0.003        2.71
                                                                           
RMK-12-071                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
2435                3862           1427        0.30       0.006        2.48
Including                                                                  
3070                3160             90        0.48       0.010        1.98
3330                3370             40        0.91       0.034        6.65
3632                3652             20        0.73       0.001        3.32
3667                3717             50        0.44       0.001        3.91
3737                3795             58        0.99       0.009       14.78
                                                                           
4023                4055             32        0.22       0.001        1.69
                                                                           
RMK-12-076                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
2295                2510            215        0.38       0.006        1.93
Including                                                                  
2295                2340             45        0.46       0.007        1.66
2360                2380             20        0.41       0.020        2.06
2430                2460             30        0.62       0.006        5.21
                                                                           
2520                2590             70        0.22       0.003        1.24
2720                2770             50        0.22       0.006        0.35
2790                3008            218        0.22       0.015        0.75
Including                                                                  
2790                2814             24        0.35       0.094        0.84
                                                                           
3103                3165             62        0.22       0.007        0.60
3315                3340             25        0.27       0.002        1.01
3487                3560             73        0.23       0.017        0.87
                                                                           
RMK-12-077                                                                 
Start ft          end ft   thickness ft         Cu%         Mo%      Ag ppm
1276                1316             40        0.28       0.002        1.28
1436                1466             30        0.42       0.009        2.12
2116                3966           1850        0.21       0.005        0.91
Including                                                                  
2701                2816            115        0.30       0.007        1.33
2961                3069            108        0.31       0.005        1.57
3416                3446             30        0.31       0.005        1.24
3496                3586             90        0.28       0.004        1.49
3722                3796             74        0.33       0.013        1.65

True thicknesses have not been determined.
(ft = feet, % = percentage, ppm = parts per million, na = not assayed, Cu =
 copper, Mo = molybdenum, Ag = silver, nil = below detection)

R. Joe Sandberg, Redhawk President and CEO, stated, "Redhawk's 2011-2012 resource upgrade and expansion drilling program produced very encouraging results. The drilling results reported above will be used along with the resource reported in the Independent Mining Consultants, Inc. June 25, 2012 NI 43-101 compliant report to evaluate potential mining options for the Copper Creek Project. The options being evaluated are open pit and larger scale underground and Redhawk and its external consultants continue their work to arrive at a decision in regard to the best mining alternative. Efforts are also continuing on geotechnical evaluations, underground and open pit mining options, metallurgical testing, hydrology and ground water, engineering, and permitting. Metallurgical results from the final "locked cycle" tests are expected in the next several weeks and will be reported when final results are known. We believe the outcome of these efforts will continue to move Copper Creek closer to a production decision. As the project advances we are continually adding to both our internal and external staff to support the development of Copper Creek. Redhawk has formed a search committee to find an additional well qualified member for the board of directors having experience in development and production stage mining projects."

R. Joe Sandberg, CPG, Redhawk 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 each assay job, and reviewed for accuracy. Check assaying is being performed by Inspectorate and KD Engineering/Metcon.

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 thirty 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 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

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 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
Executive Chairman
604-633-5088
inquiries@redhawkresources.com
www.redhawkresources.com

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