Hawthorne Commences Diamond Drill Program at Frasergold
Tue Jun 3, 6:15 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2008) - Hawthorne Gold Corp. ("Hawthorne") (TSX VENTURE: HGC.V)(WKN:A0M55U) and Eureka Resources Inc. ("Eureka") (TSX VENTURE: EUK.V) are pleased to announce the commencement of the Frasergold drill program. Hawthorne's 2008 exploration and development program at the Frasergold property will utilize two drills focusing on in-fill diamond drilling on the Main Zone and limited step-out drilling along strike. The goal is to gain a better understanding of the size and potential of the deposit and define a National Instrument ("NI") 43-101 compliant gold resource estimate within the Main Zone.
The Frasergold property is located in the historic Quesnel Trough area of central British Columbia. A combination of quartz veins and knotted phyllites host gold mineralization containing coarse free gold and finer grained sulphide bearing gold. Previous operators had identified a ten kilometre belt of gold mineralization on the property through drilling, soil sampling, induced polarization ("IP") geophysical surveys and surface exploration. Hawthorne's 2007 due diligence drill program confirmed results from a number of historic drillholes, which verified the potential for developing the Frasergold property. The full extent of the mineralized zone remains to be tested along strike and at depth.
Jim Sparling, P.Geo., Hawthorne's Exploration Manager and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical content of this release.
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 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.
ON BEHALF OF HAWTHORNE GOLD CORP.
Richard J. Barclay, President & CEO
EUREKA RESOURCES INC.
John J. O'Neill, 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.
Contacts
Todd Hanas
Hawthorne Gold Corp.
Toll Free: 1-866-869-8072 / 1-888-629-1505 or (604) 629-1505
(604) 629-0923 (FAX)
Website: www.hawthornegold.com
John J. O'Neill
Eureka Resources Inc.
(604) 608-6154
Website: www.eurekaresourcesinc.com |
