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Market: TSX-V
Sector: Gold Mining
Epic: .HGC
News: Latest news
Web Site: Hawthorne Gold
Other Articles: 30-11-200918-11-200915-10-2009

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Hawthorne Gold

Hawthorne Gold

Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne Gold is led by respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Table Mountain in late 2009 and continued resource development at the Frasergold and Taurus deposits. Utilizing the management expertise in mine-finding, construction and operation, Hawthorne Gold anticipates pursuing additional exploration and late stage development projects.

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Tuesday, January 12, 2010

Hawthorne Gold sees potential for higher grade ore shoots at Taurus Deposit

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Hawthorne Gold ("Hawthorne")(TSX VENTURE:HGC)(PINK SHEETS: HWTHF) released assay results from two step-out diamond drill holes, TA09-41 and TA09-42, on the Taurus West Shear Zone in the Liard Mining Division of northern British Columbia, Canada.


 The two holes were drilled 70 meters north and south of mineralization intercepted in historic drill hole T95-13, and were designed to test the continuity of mineralization. Significant intercepts included 87.59 meters (m) grading 1.43 grams per tonne (g/t) Au in drill hole TA09-41 starting at a down hole depth of 238.55 m, and 46.77 m grading 0.91 g/t Au in drill hole TA09-42 starting at a depth of 210.43 m.  Significantly, both holes contained multiple intercepts of higher grade gold, suggesting potential for “defining higher ore shoots within the zone”.


Hawthorne has already reported a National Instrument (NI) 43-101 compliant inferred resource of 33 million tonnes grading 1 g/t gold (approximately 1.06 million ounces of gold).  The company is now seeking to target higher grade zones in 2010.


“The new Taurus West drilling intercepts, recognition of similar mineralization at the Taurus mine, and the recent drill holes at Wing's Canyon suggest that the Taurus area has the potential to host broad areas of auriferous pyritic mineralization in associated shear zones,” Hawthorne summarized. “During 2010, the Company intends to continue to evaluate the potential of these significant results, as well as to test the potential of other areas for this style of mineralization.”


Hawthorne also confirmed that assay results are pending for drilling recently completed in the Wing's Canyon area, approximately two kilometres to the southeast of Taurus.


Investors reacted positively to the news, pushing shares in the company 6% higher.

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