1. Hawk has a diversified portfolio of exploration projects at various stages of exploration and drilling. So why are they leaving when they have Gold, Nickel, Copper, Platinum (PGM group) experience albeit Uranium might be a bit thin on the ground.
2. Is it that they do not want to do business with NOT?
3. Note that Hawk are not leaving the area, maybe they do not want NOT as the operators?
4. Hawk were happy with the previous NOT board, why are they not happy now?
5. Can NOT afford to lose JV operators, surely a deal could have been concocted to keep them on board?
Extract Northern Miner
Under Hawk’s option agreement with Noront, which was concluded in November 2007, upon Hawk earning its 50% interest in the property, the parties would set up a joint management committee to develop the property as partners, with Noront continuing to act as the operator.
But Vance White, Hawk Uranium’s president, said by telephone that the company wasn’t giving up on the area. It still has a joint venture with MacDonald Mines Exploration (BMK-V) on a portion of the McNugget property, on the western edge of the James Bay lowlands.
Drilling by MacDonald in 2005 led to the discovery of VMS mineralization on the McNugget claim block immediately adjacent to the Hawk-McNugget property, as well as a large differentiated mafic-ultramafic complex with magnetite layering and minor sulphide.
Hawk Uranium holds a 36.7% stake in the joint-venture property, which is being explored for nickel, copper and platinum group elements (PGMs). The property is made up of six contiguous claims covering 15.5 sq. km.
Hawk has a diversified portfolio of exploration projects at various stages of exploration and drilling.
The Toronto-based exploration company is looking for uranium in northern Saskatchewan, Ontario and Quebec; gold in northern Ontario; and nickel, copper, and PGMs in the McFaulds Lake area.
Hawk Uranium has 51.6 million shares outstanding and has traded in a 52-week band of 2¢-32.5¢ a share.
