Redhawk Resources Inc. (RHWKF)

[TTommy]

Copper Creek Project



Project Overview

Redhawk's 7 square mile Copper Creek Property is located 75 road miles northeast of Tucson and 15 miles northeast of San Manuel, in an area well situated in regards to existing general and copper mining infrastructure. The property is in the prolific southwest porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits (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 copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.



Copper Creek hosts multiple Breccia and Porphyry Copper Deposits. Both deposit types include current copper/molybdenum resources compliant to Canadian National Instrument 43-101 standards. Molybdenum is present in varying amounts in the Breccia and Porphyry Copper deposits and is expected to provide substantial credits to both deposit types. Gold and silver are also present in both deposit types and are expected to provide credits during mining.

The Copper Creek property has had a substantial amount of exploration conducted on it, with over 350 drill holes and 150,000 metres of drilling to date, and there is significant potential for additional discoveries on this large claim block. Development to date on the property has been confined to the area highlighted by the inset block in Figure 1. There are over 400 known breccia deposits on the 5,100+ acre property, of which only about 35 have had drilling on or near them and only 3 have been adequately drill tested. A multitude of other high-potential target exploration areas have been identified in this prolific area of breccia outcrops with more than 80% of property still open to further exploration.

Redhawk engaged Tucson, Arizona based Independent Mining Consultants ("IMC") to calculate Canadian National Instrument 43-101 compliant Mineral Resource tons and grade for three breccia deposits (Mammoth, Childs-Aldwinkle, and Old Reliable) and the "Keel porphyry like" zone below the Mammoth Breccia in mid 2006. A further resource estimated was prepared by IMC on the American Eagle "porphyry" deposit located about 1,000 feet to the SE of the Keel deposit in November 2007. Full details of the resource calculations and the complete Technical Reports are available on this website.

Phase One Development commenced in September 2006 and included developing and prioritizing surface and underground exploration and development drilling priorities, and designing and costing underground access options. An initial drilling phase to expand and better define the Mammoth Breccia resource began in late 2006 and was completed in late 2007.

Phase Two Development commenced in late 2007 and was completed in the spring of 2008, with the final results of the 5,390 metres of drilling reported to shareholders in May 2008. Phase Two also includes metallurgical testing on the new drilling, geotechnical work on the American Eagle and Keel resource areas, continued environmental and cultural work on conceptual mining areas, hydrologic studies, and ground water monitoring.

With the results from the Phase One and Two drill programs, an updated NI 43-101 compliant mineral resource estimate was completed by IMC and reported in a news release dated September 9, 2008. The new estimate increased the total equivalent pounds of copper to 0.652 billion pounds in the combined measured and indicated categories and 2.745 billion pounds in the inferred category, representing an increase of more than 60% from previous estimates.

This increase is largely attributable to the Keel deposit but does not include gold and silver credits as previous operators only did composite assays over long intervals which could not be included in the current calculations. Two additional breccias, the Globe and the Copper Prince, added some additional high grade resopurces to the estimate. The full technical report will be posted on this website and filed with SEDAR when available.

Redhawk believes that a combination of the higher-grade breccia deposits and the much larger porphyry deposit represented by the Keel and American Eagle deposits offer an opportunity for developing a large low cost, long life underground mining operation. To that effect Redhawk, through its consultants, completed the ground water monitoring, waste rock characterization studies, environmental and cultural studies required to submit an Aquifer Protection Permit (APP) with the Arizona Department of Environmental Quality to allow an exploration decline to be driven into the Breccia Resource area. That permit application was submitted in October 2007 and is anticipated to take up to twelve months for approval. Preparation of a scoping study began in late May and is targeted for completion in November of 2008.