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West Hawk Starts Drilling Program at Groundhog Coal Property Jul 31, 2008 10:59:00 AM
DENVER, COLORADO--(Marketwire - July 31, 2008) -
Drilling and sampling on the property will be managed by WHD under Roger A. Baer's, Managing Director of Canadian Operations, leadership. The first phase of the program will total 10 drill core holes. Comprehensive laboratory analysis of the drill cores will be undertaken by SGS to determine the full extent of the PCI/coking properties of the coal and categorize the coal into the measured and indicated classification. "We want to expand the 43-101 report prepared by Over the next several weeks a camp will be mobilized and drilling equipment will be moved into the area. Permit applications were submitted at the beginning of July and it is currently at the referral stage of the process. The Company expects to receive approval shortly and drilling to start in late summer. West Hawk is committed to being environmentally responsible and has outlined a four-seasons baseline environmental study to be conducted over the next 12 months. The Company has no interest in coal bed methane as part of its exploration and development plans for the Groundhog coal project. "West Hawk wishes to thank Union Securities and the First Nations people for their help in this important Groundhog, British Columbia endeavor," stated Gonzalo Torres Macchiavelo, President and CEO of the Americas. On behalf of the Board of Directors, Wm. Mark Hart, President and Chief Executive Officer About the Company: Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.
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