Tuesday, September 22, 2009 Hawthorne Identifies New High Grade Gold Zone At Hill 88 Zone within Taurus Deposit; Assays 33.4 g/t Au over 1.24 metres (estimated true width of 0.99 metres)
Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC, US: HWTHF) is pleased to announce drill results from the first five (5) holes totaling 565.40 metres from the Phase III diamond drill program. The Phase III drill program consisted of eleven (11) NTW diamond drill holes totaling 987.54 metres located on the 88 Hill Zone situated within the far western portion of the Taurus deposit. Initial results from the Phase III drill program demonstrate the presence of additional high grade targets exist on the property and that the opportunity exists for another near-surface high grade gold zone that may be amenable to surface pit mining.
"Once again our technical team, guided by our senior geological staff and Board Advisors, have identified a new near-surface high grade gold zone within the Taurus deposit at the Hill 88 area. Our goal at Taurus is to define multiple near-surface high grade gold zones and our technical team continues to make excellent progress to reach our objective," stated Richard Barclay, President and CEO of Hawthorne.
HOLE |
|
FROM (m) |
TO (m) |
Width (m) |
Est. True Width (m) |
Au g/t |
TA09-024 |
|
27.33 |
29.46 |
2.13 |
1.70 |
19.7 |
|
including |
27.33 |
28.57 |
1.24 |
0.99 |
33.4 |
|
|
61.62 |
63.02 |
1.40 |
1.12 |
4.3 |
|
|
|
|
|
|
|
TA09-030 |
|
4.15 |
6.10 |
1.95 |
1.56 |
3.9 |
|
|
29.03 |
31.55 |
2.52 |
2.02 |
14.3 |
|
|
51.75 |
53.60 |
1.85 |
1.48 |
3.5 |
|
|
71.20 |
72.10 |
0.90 |
0.72 |
6.3 |
|
|
|
|
|
|
|
TA09-031 |
|
20.40 |
21.95 |
1.55 |
1.24 |
4.2 |
|
|
32.00 |
35.40 |
3.40 |
2.72 |
3.6 |
|
|
42.35 |
47.50 |
5.15 |
4.12 |
1.9 |
|
|
68.65 |
69.95 |
1.30 |
1.04 |
9.4 |
|
|
|
|
|
|
|
TA09-033 |
|
43.84 |
48.77 |
4.93 |
3.94 |
3.4 |
|
|
68.00 |
70.51 |
2.51 |
2.01 |
8.6 |
|
|
93.06 |
96.76 |
3.70 |
2.96 |
5.5 |
|
|
|
|
|
|
|
TA09-034 |
|
19.64 |
23.70 |
4.06 |
3.25 |
1.3 |
|
|
47.25 |
57.00 |
9.75 |
7.80 |
1.7 |
|
|
45.60 |
48.52 |
2.92 |
2.34 |
5.3 |
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 small-tonnage, near-surface gold zones in excess of 3.5 g/t Au, amenable to open pit mining. Once the zones are defined, and both metallurgical testing is completed and permitting is obtained, 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 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=364294 |