TSXV: CGK
Last: $0.015
Day High: $0.015
Day Low: $0.01
Volume: 1893833
Change: 0.00
Date: 1/5/2009
Time: 3:43pm

Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX-V:CGK) is a Vancouver, Canada-based precious and base metals producer with reserves and resources containing gold, silver, lead, zinc and copper. Gold Hawk and its subsidiary Compania Minera San Juan (Peru) S.A. are operated by an experienced management team with a history of success in the global mining industry. Since the acquisition of the wholly owned Coricancha mine in Peru in March 2006, the mine and processing plant have been refurbished and commercial production status was achieved on October 1, 2007. The rated capacity of the processing plant is approximately 600 tonnes of ore per day.

A ground displacement detected near the processing plant and tailings handling area in early May 2008 prompted management to temporarily cease production. Mining operations, as well as the crushing and grinding circuit, are not part of the affected area. Following extensive testing and analysis, the Company’s geotechnical consultants determined that the cause of the movement was a third-party saturation irrigation system installed on neighboring property uphill from the tailings and processing plant.

On July 18, 2008, the Peruvian government issued an Emergency Decree declaring a State of Emergency in the District of San Mateo. Following directives included in this Decree, the Company is taking the necessary steps to stabilize the area and mitigate the landslide risk. Gold Hawk expects to return to production in the second quarter 2009 following the issuance of permits.

The Company also has exploration properties in Peru and Canada (Quebec), and is actively pursuing other growth opportunities.