No, Hawthorne Gold (HGC-V)
June 24, 2009
Hawthorne Completes First Phase of Cassiar Drill Program
Hawthorne Gold (HGC-V) is pleased to announce that eight NTW diamond drill holes have been completed, totaling 409.49 metres, on the Taurus zone in the Cassiar Gold Camp, northern British Columbia, Canada. Drilling has now shifted to multiple targets on Table Mountain to define additional high-grade underground gold zones similar to the East Bain zone. The planned drilling program at the Cassiar Gold Camp is expected to total up to 10,000 metres during the summer of 2009.
"Hawthorne is aggressively pushing forward with all facets of its 2009 exploration and development program and we are pleased with the progress after less than three weeks on site. We have a busy season ahead and our technical team has now commenced the second phase of drilling to test many new targets identified from the recently completed fully digitally compiled geological model. The model has opened our eyes to the true potential of this historic gold camp," commented Richard Barclay, President and CEO of Hawthorne.
As discussed in the Company's press release dated June 4, 2009, the goal of the Taurus zone drilling is to delineate a targeted small-tonnage, higher grade surface gold zone, for supplemental mill feed to the permitted Cassiar Gold Mining operation. Recent drilling encountered similar mineralization as described in historical drilling within the area. Three of the eight drillholes have encountered disseminated VG (visible gold) within or along the margins of quartz veins and veinlets.
Drill core from the Taurus zone has been sent to SGS Mineral Services North America in Delta, British Columbia for assaying and to initiate metallurgical test work to ensure the mineralization is amenable to processing through the mill facility at the Cassiar Gold Mine. If the results are positive, the Company will move forward with the extraction of a 10,000 tonne bulk sample from the target zone and stockpile the mineralized material next to the mill.
The East Bain zone comprises of a National Instrument 43-101 mineral resource estimate of 20,101 tonnes grading 21.21 g/t Au containing 13,708 ounces (indicated) and 1,158 tonnes grading 68.57 g/t Au containing 2,552 ounces (inferred). (Please refer to update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by Beacon Hill Consultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au are cut to 68.57 g/tonne Au.) The East Bain, located about 160 metres from the existing underground workings, is the first zone the Company is planning to develop to bring the Cassiar Gold Mine into production.
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 |
