Hawthorne Gold Corp.
TSX VENTURE : HGC

Hawthorne Gold Corp.

July 10, 2008 09:15 ET

Hawthorne Commences Property Wide Geophysics at Cassiar

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2008) - Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(WKN:A0M55U) is pleased to announce that Canadian Mining Geophysics Ltd. ("CMG") has commenced a property wide 6,355 line-kilometre geophysical survey on Hawthorne's Cassiar property in northern British Columbia, Canada. The survey consists of a magnetic gradiometer with VLF-EM geophysics and is expected to take four to five weeks to complete. The property has never been completely flown by airborne geophysics and could potentially reveal new gold bearing geological structures such as linear aeromagnetic lows associated with carbonatized gold bearing serpentinites and altered volcanics, and/or EM conductors associated with fault hosted sulphide or sulphide/graphite bearing quartz-carbonate-gold veins.

"We have assembled an experienced technical team who are completing a comprehensive geological model and aggressively evaluating the significant opportunities presented in the historic Cassiar gold camp. The geophysics survey should add to our understanding and present new exploration targets," commented Richard Barclay, President and CEO of Hawthorne Gold.

Cassiar Property, British Columbia

The Cassiar property hosts the permitted Table Mountain gold mine consisting of a 300 ton per day gravity flotation mill, power plant and tailings pond. Historical gold production from the camp amounted to approximately 500,000 ounces at roughly 0.5 ounces/ton. Gold mineralization at Table Mountain is primarily hosted in extensive quartz-carbonate-gold vein systems strongly associated with thrust faulting within altered greenstone and/or altered carbonatized ultramafic volcanic assemblages that are typical of some of Canada's largest gold camps, including Timmins, Kirkland Lake and Val d'Or. The Company anticipates commencement of gold production at Table Mountain in 2009.

The Cassiar property also hosts the Taurus project, a large-tonnage, low-grade gold deposit located on strike and approximately five kilometres north of the Table Mountain mine. The Taurus deposit hosts a National Instrument ("NI") 43-101 compliant inferred gold resource estimate of 1.04 million ounces consisting of 32.4 million tonnes at a gold grade of 1.0 g/t (technical report prepared by Wardrop Engineering and titled, "Report on the Taurus Deposit -- Liard Mining District, B.C." and dated June 2007, is available at www.sedar.com). The Company plans an in-fill drilling and exploration program to potentially increase and expand the current gold resource.

Michael Redfearn, P.Eng., Hawthorne's Vice President of Operations and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical content of this release.

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

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.

Contact Information

  • Hawthorne Gold Corp.
    Todd Hanas
    Toll Free: 1-866-869-8072
    or
    Hawthorne Gold Corp.
    (604) 629-1505 or Toll Free: 1-888-629-1505
    (604) 629-0923 (FAX)
    Website: www.hawthornegold.com