Trimax Corporation Sells Sonora Claims to Hawk Uranium Inc. of Toronto
June 01 2009 - 9:00AM
Marketwired
Trimax Corporation (OTCBB: TMXN) ("Trimax"), Robert S. Stewart
(Chairman and CEO) and Reginald Olson (Secretary Treasurer) are
pleased to announce that Trimax has entered into a binding letter
of intent ("LOI") with Hawk Uranium Inc. (TSX VENTURE:
HUI)(FRANKFURT: HPM) ("Hawk") and Exploraciones San Bernardo S.A.
de C.V. ("San Bernardo"), regarding Hawk's proposed acquisition of
a 100% interest in mining claims referred to as "Raquel 2 -
9,451,575 hectares, La Dura 8 - 100 hectares, La Dura 8 - 109
hectares, La Dura 5 - 90 hectares, La Dura 5 - 500 hectares",
located in the municipality of Alamos, Sonora, Mexico (the "Sonora
Claims").
Trimax and San Bernardo had previously signed a letter agreement
whereby Trimax obtained the right to acquire a 100% interest in the
Sonora Claims. Pursuant to the LOI with Hawk, Trimax agreed to
terminate and release all interests it was granted by San Bernardo
in the Sonora Claims. The parties intend to complete definitive
documentation for the transaction, following which Hawk will
acquire a 100% unencumbered interest in the Sonora Claims from San
Bernardo (the "Transaction").
Under the LOI, Hawk has agreed to pay 15,000,000 of its common
shares according to the following schedule:
a) at a closing to be held on or before July 31, 2009, 5,000,000
shares;
b) on or before 6 months following the closing, 5,000,000
shares; and
c) on or before 12 months following the closing, 5,000,000
shares.
Under the LOI, Hawk has undertaken to spend up to $50,000 on
collecting and analyzing up to 2,000 rock-chip samples from the
Sonora Claims. Upon receipt of the results of that exploration
program (and in any case no later than July 31, 2009), Hawk will
determine whether it wishes to acquire the Sonora Claims. The
parties have agreed that all results of this sampling program will
remain the property of Hawk, whether or not it determines to
proceed with the acquisition of the Sonora Claims.
About the Sonora Claims
The Sonora Claims are located in the western foothills of the
Sierra Madre Occidental, approximately 30 kilometers
North-Northwest of the town of Alamos, in Sonora, Mexico. The
project area is confined to the Eastern side of the Rio Mayo and
extends East and West beyond the local municipality of San
Bernardo, Sonora.
In a press release issued by Trimax on April 29, 2009 Trimax
described the Sonora Claims as follows:
"The favorable geology consists of Granodiorite, which covers a
larger portion of the Raquel 2 claim. The Granodiorite is the main
source of epithermal gold, silver zinc and copper mineralization.
Structures are in close proximity or part of the NW-SE Mojave
Sonora Mega-Shear. Major shears and faults are crisscrossing the
property. The most important shear directions are trending NW-SE
and SSW to NNE. These well defined shears and faults zones act as
mineral feeder systems as well as ore traps (see map below).
The Magnetic structures trend in WNW to ESE, NW to SE and E-W
directions. The gold silver NWSE trends do not show up on the MAG.
The WSW-ENE zinc and gold silver trend does show on the MAG survey
as a broad MAG Zone. The E-W direction is more prominent and is
evident at the Frontera Piedras Verdras Copper Mine towards the
South."
A copy of that press release is available at
http://www.trimaxcorp.net/news.html. A map of the Sonora Claims is
available at http://media3.marketwire.com/docs/tmxn429.pdf.
South Sonora in the Alamos area mining district of Mexico is
internationally renowned for its multi-metalic mining properties
containing significant amounts of minerals, including gold, silver,
copper, lead, zinc, graphite and tungsten. Mining records show that
this area was first developed by the Spanish in the 16th
century.
About Hawk Uranium Inc.
Hawk Uranium Inc. is a Canadian based junior mining company with
a portfolio of diversified exploration projects at various stages
of exploration and drilling, for Gold in N. Ontario, Uranium in N.
Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the
'Ring of Fire' McFauld's Lake Area of N. Ontario.
More detailed information is available on the website at
www.hawkuranium.com.
About Trimax Corporation
Trimax Corporation is a Nevada incorporated company having its
principal offices in Scottsdale, Arizona. Previously, Trimax was
involved in several projects specializing in new communication
technologies. On April 20, 2009, Trimax entered into a letter
agreement with San Bernardo to acquire the Sonora Claims. As part
of the LOI with Hawk, Trimax would release all interests in those
claims. More detailed information about Trimax Corporation is
available at http://www.trimaxcorp.net.
The foregoing information may contain forward-looking statements
relating to the future performance of Trimax Corp. Forward-looking
statements, specifically those concerning future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially from Trimax's plans and expectations. These
plans, expectations, risks and uncertainties are detailed herein
and from time to time in the filings made by Trimax Corporation and
securities regulators. Trimax does not assume any obligation to
update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise.
Contacts: Trimax Corporation Robert S. Stewart Chairman and CEO
480 778 8345 rstewart@trimaxcorp.net www.trimaxcorp.net
Trimax (PK) (USOTC:TMXN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trimax (PK) (USOTC:TMXN)
Historical Stock Chart
From Jul 2023 to Jul 2024