Hawthorne Gold Corp.

Hawthorne Gold Corp.

July 29, 2009 08:30 ET

Hawthorne Identifies High Grade Gold Zone at Taurus Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2009) - Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(PINK SHEETS:HWTHF) is pleased to announce drill results from the first four (4) holes of the Taurus zone drill program, which consisted of eight (8) NTW diamond drill holes totaling 409.49 metres. The goal of the Taurus zone drilling is to delineate a small-tonnage, higher grade near-surface gold zone in excess of 3.5 g/t Au, amenable to open pit mining. Once the zone is defined, 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(i) of 1.06 million ounces of gold (33.06 million tonnes grading 1.00 g/t Au).

Recent drill results are confirming that higher grade zones, mineable by open pit method, may exist within the Taurus Deposit. Combined with historical drill information, drill results are enhancing the quality of the data set and have demonstrated higher grades than anticipated. Mineralized zones comprise sheeted quartz veins hosted within carbonate altered basalt. Multiple parallel high grade veins occur within these zones. These individual zones extend from surface to depths in areas of the deposit in excess of 150 metres and have been traced for approximately 700 metres along strike. The Company is planning to extract a 10,000-tonne bulk sample this summer from one of these zones.

"Results to-date from our Phase I drill program have exceeded our expectations and have identified very promising grades close to surface. Based on the positive results, our exploration program in the Cassiar Gold Camp is focusing on Taurus during the month of August," commented Richard Barclay, President and CEO of Hawthorne.

See drillhole details below (all values are uncut grams per metric tonne):

From To Length Approx. True Width Au
Hole No. (m) (m) (m) (m) g/t
TA09-001 3 8.91 5.91 4.80 3.1
19.81 22.2 2.39 1.94 7.4
39.24 41.87 2.63 2.14 11.6
TA09-002 29.43 32.08 2.65 1.23 8.4
72.04 80.77 8.73 4.05 2.5
TA09-003 9.14 11.07 1.93 1.48 9.2
23.96 26.88 2.92 2.23 6.5
TA09-004 22.86 24.28 1.42 0.82 5.1
33.63 35.56 1.93 1.12 20.6
38.57 40.57 2.00 1.16 6.0

Of interest, Hole No. TA09-004 intersected 1.12 metres averaging 20.6 g/t Au and indicates that higher grade zones exist at depth, which historically have been more typical over at the Table Mountain area, such as the grades seen in the East Bain Zone. The historical underground Sable Adit mine workings, developed in the 1980s, are proximal to the reported drillholes (see drill plan map at http://www.hawthornegold.com/s/Taurus.asp). The Company is reviewing these workings to potentially provide additional access to the deeper high grade mineralization.

Further assays from the remaining four holes have been received from the lab and are currently being reviewed with results expected to be announced shortly. 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.

Michael Petrina, P.Eng., the Company's Vice President of Mining and a Qualified Person as defined by NI 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.


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.

(i)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.

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.

Contact Information

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