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Thursday, July 10, 2008
Hawthorne Commences
Property Wide Geophysics at Cassiar
Hawthorne Gold Corp. ("Hawthorne" or the
"Company") (TSX-V: HGC; WKN: A0M55U) is pleased to announce that Canadian Mining Geophysics Ltd. ("CMG")
has commenced a property wide 6,355 line-kilometre geophysical survey on
Hawthorne's Cassiar property in northern British Columbia, Canada. The survey
consists of a magnetic gradiometer with VLF-EM geophysics and is expected to
take four to five weeks to complete. The property has never been completely
flown by airborne geophysics and could potentially reveal new gold bearing
geological structures such as linear aeromagnetic lows associated with
carbonatized gold bearing serpentinites and altered volcanics, and/or EM
conductors associated with fault hosted sulphide or sulphide/graphite bearing
quartz-carbonate-gold veins.
"We have assembled an experienced technical team who are completing a
comprehensive geological model and aggressively evaluating the significant
opportunities presented in the historic Cassiar gold camp. The geophysics
survey should add to our understanding and present new exploration
targets," commented Richard Barclay, President and CEO of Hawthorne
Gold.
Cassiar
Property, British Columbia
The Cassiar property hosts the permitted Table Mountain gold mine consisting
of a 300 ton per day gravity flotation mill, power plant and tailings pond.
Historical gold production from the camp amounted to approximately 500,000
ounces at roughly 0.5 ounces/ton. Gold mineralization at Table Mountain is
primarily hosted in extensive quartz-carbonate-gold vein systems strongly
associated with thrust faulting within altered greenstone and/or altered
carbonatized ultramafic volcanic assemblages that are typical of some of
Canada's largest gold camps, including Timmins, Kirkland Lake and Val d'Or.
The Company anticipates commencement of gold production at Table Mountain in
2009.
The Cassiar property also hosts the Taurus project, a large-tonnage,
low-grade gold deposit located on strike and approximately five kilometres
north of the Table Mountain mine. The Taurus deposit hosts a National
Instrument ("NI") 43-101 compliant inferred gold resource estimate
of 1.04 million ounces consisting of 32.4 million tonnes at a gold grade of
1.0 g/t (technical report prepared by Wardrop Engineering and titled, "Report
on the Taurus Deposit - Liard Mining District, B.C." and dated June
2007, is available at www.sedar.com).
The Company plans an in-fill drilling and exploration program to potentially
increase and expand the current gold resource.
Michael Redfearn, P.Eng., Hawthorne's Vice President of Operations and a
Qualified Person as defined by NI 43-101, has reviewed and approved the
technical content of this release.
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
together with mining veteran Michael Redfearn. Hawthorne's goal is to become
a junior gold producer through planned production at Table Mountain in 2009
and continued resource development at the Frasergold and Taurus deposits.
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.
ON BEHALF OF HAWTHORNE GOLD CORP.
"Richard J. Barclay"
President & CEO
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.
You can
also view this News Release on our website at:
http://www.hawthornegold.com/s/NewsReleases.asp?ReportID=311115
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