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Tuesday, August 11, 2009
Hawthorne Continues to Define High Grade Mineralized Gold Zone at Taurus
Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC, US: HWTHF) is pleased to announce further drill results from the Phase I diamond drill program, which consisted of eight (8) NTW diamond drill holes totaling 409.49 metres within the Taurus gold zone. Initial results from the Phase I drill program have achieved our goal of identifying a high grade mineralized gold zone near surface within the Taurus Deposit*. Further drill results have also confirmed the presence of a high grade gold zone at depth and subsequently the vein systems have been traced to surface through a recent trenching program.
"Our exploration team continues to make significant progress on the trenching and drilling program at Taurus. The gold zones continue to deliver grades above our goal of 3.5 g/t Au close to surface," commented Richard Barclay, President and CEO of Hawthorne.
|
Hole No. |
From |
To |
Length |
Approx. True Width |
Au |
|
(m) |
(m) |
(m) |
(m) |
g/t |
|
TA09-005 |
21.87 |
25.11 |
3.24 |
2.52 |
9.0 |
|
|
|
|
|
|
|
TA09-006 |
20.77 |
25.62 |
4.85 |
2.95 |
10.1 |
|
|
|
|
|
|
|
|
TA09-007 |
11.96 |
14.72 |
2.76 |
2.09 |
3.7 |
|
|
|
|
|
|
|
|
TA09-008 |
14.88 |
18.97 |
4.09 |
3.37 |
2.3 |
|
|
38.46 |
39.74 |
1.28 |
1.05 |
7.6 |
Of interest, Hole No. TA09-006 intersected 2.95 metres averaging 10.1 g/t Au and continues to indicate that a higher grade zone exists at depth.
The Company has commenced a Phase II diamond drill and trenching program within the Taurus zone with the goal of defining other near surface high grade gold zones. The drill plan map can be viewed at http://www.hawthornegold.com/s/Taurus.asp.
Following logging of drill core, split core samples were collected and shipped to the primary assay lab ALS Minerals (formerly ALS Chemex) of North Vancouver, BC. Check assays are sent to EcoTech Laboratory (Stewart Group) of Kamloops, BC. Hawthorne's Quality Assurance and Quality Control (QA/QC) program comprises inserting Standard Reference Materials, preparation duplicates as well as secondary lab check assays.
The goal of the Taurus zone drilling is to delineate a small-tonnage, higher grade near-surface gold zone in excess of 3.5 g/t Au, amenable to open pit mining. Once the zone is defined, the mineralized material could potentially be used as mill feed at the permitted Cassiar Gold Mine when production commences. The Taurus Deposit currently contains a National Instrument ("NI") 43-101 Mineral Inferred Resource Estimate* of 1.06 million ounces of gold (33.06 million tonnes grading 1.00 g/t Au).
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 Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties 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 Cassiar Gold Mine in Q4 2009 / Q1 2010 and to continue resource development of the nearby Taurus deposit, as well as the Frasergold deposit in the south central British Columbia Cariboo region. Hawthorne continues to review potential acquisitions, focusing on high quality, advanced gold development opportunities.
For more information on Hawthorne, contact Todd Hanas toll free at 1-866-869-8072 or the Company at (604) 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. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
*The Company has prepared a NI 43-101 report (Wardrop Engineering Inc. - Updated Resource Report on the Taurus Deposit - Liard Mining District, BC - dated March 11, 2009) regarding the Taurus Property and can be viewed at www.sedar.com.
You can also view this News Release on our website at:
http://www.hawthornegold.com/s/NewsReleases.asp?ReportID=359419 |