West Hawk Updates Groundhog and Begins Drilling at Coal Creek
Posted on: Friday, 10 February 2006, 00:00 CST
West Hawk Development Corp. (TSX VENTURE:WHD) ("West Hawk" the "Company") is pleased to announce the winter 2006 drill program has commenced at the Coal Creek Project in the Telkwa Basin of Northern British Columbia. The project consists of 900 hectares of Coal Licenses located at the confluence of the Zymoetz River and Coal Creek, 40 kilometers due West of Smithers, B.C.
A ground supported 20-hole drilling program has commenced on the property with the current eight hole Phase One program completion expected by month's end. Pending a successful conclusion from Phase One a follow up Phase Two program will be initiated encompassing a 12-hole drill program and baseline environmental studies. The environmental work will be directed by Ecos Environmental Services of Smithers. The project has a potential haulage corridor northbound from the project to an unused rail loading facility at the Carnaby sawmill site via a largely-existing logging road network.
The most recent work on the property was done by Crows Nest Resources Ltd. from 1981 to 1985, consisting of trench sampling and 7 diamond drill holes. The program was designed to assess the coal quality and propose locations for two open pits. The data from these reports indicate up to six seams occur in the Lower Cretaceous Hazelton Group. The coal is high volatile bituminous A to B in rank with a free swelling index of 3. Volatile matter ranges from 32.2 to 37.2 per cent, fixed carbon from 53.3 to 55.3 per cent, ash from 3.54 to 11.45 per cent, sulphur from 0.38 to 0.53 per cent and BTU's from 11,941 to 13,258 (1913). (Paper 986-5)
At the Company's flagship Groundhog project, where a 980 million tonne speculative and 48 million tonne inferred anthracite coal resource has been identified, a CDN$1.5 million 20 hole drilling program is being engineered, permitted and financed through a strategic partnership with the neighboring coal license holders in the aim to validate historical data and advance the coal resources into the Measured and Indicated categories for the Lower and Upper Discovery Seams. Mobilization, base camp construction and drilling is schedule to commence in late March 2006.
The company has also granted incentive stock options to several of its consultants to purchase up to a total of 670,000 common shares in the capital stock of the company, exercisable for a period of two years, at a price of $0.50 cents per share.
About the Company - West Hawk is a mineral exploration and development company committed to building shareholder value through the acquisition of 100% interests in highly perspective mineral properties.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Townsend, President and Chairman
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
The TSX Venture Exchange has not yet reviewed and does not take re sponsibility for the adequacy or accuracy of the content of this news release.
West Hawk Development Corp. (TSX VENTURE:WHD) (FRANKFURT:H5N)
Source: Business Wire
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