Hawthorne Assays 82.28 Metres
Grading 0.754 g/t Au at Frasergold
Hawthorne Gold Corp. ("Hawthorne")
(TSX-V: HGC; US: HWTHF) and
Eureka Resources Inc. ("Eureka") (TSX-V: EUK) are pleased to
announce assay results from the final 22 diamond drill holes (�DDH�) of the 2008 exploration program on
the Frasergold property that consisted of
58 holes (totaling 10,405 metres).
Of
interest, DDH FG08-362C
intersected 82.28
metres grading 0.754 g/t Au, including 5.88 metres
grading 3.969 g/t Au and DDH FG08-350C intersected 163.06 metres
grading 0.465 g/t Au, including 3.85 metres
grading 13.248 g/t Au. All
drill holes intersected the estimated true width of the mineralized
zones. The property is located in the Cariboo
Gold District of central British Columbia,
Canada
and is accessible by highway and logging roads year round.
"Results from the drilling have
extended the gold system into the south east area of the Main Zone
and potentially along strike further in the south east direction
outside of the Main Zone. Hawthorne
is pleased to have received all results from the 2008 exploration
program. The technical team is diligently working on the modeling of the deposit to gain a better understanding of the size and potential of
the deposit and work towards the completion of National Instrument
(�NI�) 43-101 Compliant Gold Resource Estimate Technical Report at
the Frasergold Property," commented
Richard Barclay, President & CEO of Hawthorne.
"Hawthorne has come along
way in obtaining a better understanding of the complexity of the Frasergold deposit and Eureka believes the geological
model will assist in defining a potential resource. We look forward
to seeing the results from the forthcoming NI 43-101 Resource
Estimate at Frasergold. We commenced
drilling on this property in the 1980s and are excited to read a
report that summarizes the hard work Eureka and Hawthorne have
completed on this project to date," stated John J. O'Neill, CEO
and President of Eureka.
Highlights
of the assay results are presented below:
|
Hole No.
|
|
From
|
To
|
Length
|
Au
|
|
|
|
(m)
|
(m)
|
(m)
|
g/t
|
|
FG08-311C
|
|
119.76
|
156.22
|
36.46
|
0.319
|
|
|
|
|
|
|
|
|
FG08-324C
|
|
106.84
|
196.90
|
90.06
|
0.503
|
|
|
includes
|
169.75
|
175.89
|
6.14
|
2.107
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hole No.
|
|
From
|
To
|
Length
|
Au
|
|
|
|
(m)
|
(m)
|
(m)
|
g/t
|
|
FG08-326C
|
|
160.09
|
176.40
|
16.31
|
0.771
|
|
|
includes
|
160.09
|
165.47
|
5.38
|
1.477
|
|
|
|
|
|
|
|
|
FG08-327C
|
|
82.43
|
152.42
|
69.99
|
0.482
|
|
|
includes
|
106.98
|
114.38
|
7.40
|
1.535
|
|
|
|
|
|
|
|
|
FG08-342C
|
|
125.14
|
157.28
|
32.14
|
0.346
|
|
|
includes
|
125.14
|
133.66
|
8.52
|
0.866
|
|
|
|
|
|
|
|
|
FG08-351C
|
|
94.56
|
135.94
|
41.38
|
0.490
|
|
|
includes
|
94.56
|
101.88
|
7.32
|
1.488
|
|
|
|
|
|
|
|
|
FG08-356C
|
|
14.02
|
64.00
|
49.98
|
0.462
|
|
|
includes
|
56.50
|
61.00
|
4.50
|
3.003
|
|
|
|
|
|
|
|
|
FG08-358C
|
|
28.70
|
68.16
|
39.46
|
0.428
|
|
|
includes
|
59.74
|
65.84
|
6.10
|
1.605
|
|
|
|
|
|
|
|
|
FG08-359C
|
|
33.07
|
61.77
|
28.70
|
0.722
|
|
|
includes
|
49.55
|
54.96
|
5.41
|
1.164
|
|
|
|
|
|
|
|
|
FG08-360C
|
|
31.90
|
56.51
|
24.61
|
1.036
|
|
|
includes
|
48.58
|
52.73
|
4.15
|
3.301
|
|
|
|
|
|
|
|
|
FG08-361C
|
|
52.94
|
138.99
|
86.05
|
0.364
|
|
|
includes
|
52.94
|
64.34
|
11.40
|
1.104
|
|
|
|
|
|
|
|
|
FG08-362C
|
|
53.08
|
135.36
|
82.28
|
0.754
|
|
|
includes
|
94.67
|
100.55
|
5.88
|
3.969
|
|
|
includes
|
114.91
|
135.36
|
20.45
|
1.051
|
|
|
|
|
|
|
|
|
Hole No.
|
|
From
|
To
|
Length
|
Au
|
|
|
|
(m)
|
(m)
|
(m)
|
g/t
|
|
FG08-350C
|
|
53.64
|
216.70
|
163.06
|
0.465
|
|
|
includes
|
154.55
|
158.40
|
3.85
|
13.248
|
|
|
|
|
|
|
|
|
FG08-353C
|
|
120.41
|
144.27
|
23.86
|
0.757
|
|
|
|
|
|
|
|
|
FG08-363C
|
|
136.72
|
137.30
|
0.58
|
12.000
|
|
|
includes
|
47.05
|
137.30
|
90.25
|
0.321
|
|
|
|
|
|
|
|
|
FG08-364C
|
|
189.94
|
215.90
|
25.96
|
0.410
|
|
|
|
|
|
|
|
|
FG08-335C;
FG08-348C;
FG08-365C;
FG08-366C;
FG08-367C FG08-340C
|
No Significant Intersections
|
|
|
|
|
|
|
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For lab and
assay procedures see news release dated January 28, 2009.
Michael Petrina, P.Eng., the Company�s Vice President of Mining and a
Qualified Person as defined by National Instrument 43-101, has
reviewed and approved the technical disclosure contained in this news
release.
About the Frasergold Option
Agreement
Pursuant to an option agreement dated
October 31, 2006 between Hawthorne and Eureka, Hawthorne can earn a 51% interest in the Frasergold property by completing sufficient exploration expenditures totaling $3.5 million (expended), completing a feasibility study by April 30, 2010 and
making cash payments totaling $175,000 ($125,000 paid to date) before October
31, 2009. Hawthorne
can earn a further 9% (for a total
of 60%) by arranging financing for 70% of the estimated capital costs
for production.
About Eureka Resources Inc.
Since its incorporation in 1981, Vancouver-based Eureka
Resources, Inc. has focused on
the exploration and development of natural resource properties in order to create wealth
for investors. Moreover, with renowned British Columbia entrepreneur John J. O'Neill at the
helm, Eureka has long been a steady and trustworthy presence on the British
Columbia mineral-exploration scene. In addition to Eureka's
fostering of the Frasergold claim, the company holds the rights to the promising Lottie Lake copper claim, which is also in
central British Columbia.
Shares in Eureka Resources trade on the Venture Exchange of
the respected
Toronto
Stock Exchange.
About Hawthorne Gold Corp.
Hawthorne
Gold Corp. is a Canadian-based gold exploration and development
company with key properties located in British
Columbia, Canada. Hawthorne is led by well-respected
mining leaders Richard Barclay and Michael Beley.
Hawthorne�s goal is to become a junior
gold producer by working towards production at Table
Mountain in the latter part
of 2009 and the continued resource development at the nearby Taurus
deposit, as well as the Frasergold deposit
in the Cariboo region of south central British Columbia.
For more
information on Hawthorne, contact Todd
Hanas toll free at 1-866-869-8072 or the
Company at (604) 629-1505 or toll free at 1-888-629-1505, or you can
visit Hawthorne�s
website at www.hawthornegold.com. For more information on Eureka,
contact John
J. O'Neill at (604) 608-6154 or you
can visit Eureka's website at www.eurekaresourcesinc.com.
Certain information regarding the company including
management's assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital. As a consequence, actual results may
differ materially from those anticipated in the forward-looking
statements. The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hawthorne Gold Corp.
Todd Hanas
Toll Free: 1-866-869-8072
Hawthorne Gold Corp.
(604) 629-1505 or Toll Free: 1-888-629-1505
(604) 629-0923 (FAX)
Website: www.hawthornegold.com
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.