Redhawk Resources, Inc. ("Redhawk" or the "Company") is pleased to provide an update with respect to a work program on the Copper Creek project in San Manuel, Arizona under the joint venture with a wholly-owned subsidiary of Anglo American plc ("Anglo American").
Drilling commenced in December 2014 in the area to the northwest of the existing porphyry resource margin in a new untested area for exploring for additional resources at Copper Creek.
R. Joe Sandberg, President and CEO commented: "Exploration activities funded by the Anglo American joint venture have commenced at Copper Creek and the majority of property commitments for the 2015 fiscal period have been fulfilled. A two hole drill program started in mid-December and is continuing. This relatively unexplored segment of Copper Creek is considered to be prospective for a new porphyry system outside of the current resource at Copper Creek. The 2015 work program under the operatorship of Redhawk will also include additional activities to further our knowledge of the potential at Copper Creek. We are very pleased to be advancing the Copper Creek project with Anglo American, reaffirming our positive view on the longer term market prospects for copper."
Redhawk also announced that efforts continue in regard to acquiring an interest in suitable gold projects both within and outside of North America. These efforts are totally independent from and unrelated to the joint venture with Anglo American. Redhawk management believes the current market conditions have created an opportunity to acquire interests in significant assets in the gold sector at reasonable value levels.
About Redhawk
Redhawk is a Canadian-based resource exploration and development company with a current primary 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 property is in the prolific southwest US porphyry copper belt and 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. Redhawk is implementing a new strategy for sustainable long term growth through an alliance with Howe Mining Projects Inc. focusing on the identification, acquisition, development and operation of additional mining projects in the precious metal sector. Redhawk is solely and entirely responsible for the contents of this news release.
Further information about Anglo American can be found at www.angloamerican.com.
ON BEHALF OF THE BOARD
R. Joe Sandberg, President & CEO
Source: http://www.redhawkresources.com/