Latest Results

Click here to view the 2008 Frasergold Northwest Extension Soil Grid AU (ppm)

Click here to view the 2008 drill hole Photo Gallery

Hawthorne Assays 82.28 Metres Grading 0.754 g/t Au at Frasergold (February 19, 2009)

Hawthorne Assays 58.24 metres Averaging 1.017 g/t Au Near Surface (February 16, 2009)

2008 Drilling Confirms Gold Mineralization at Frasergold Continues to Depth and Thickness of Main Zone Increases (February 5, 2009)

Soil Sampling Program Yields Highly Anomalous Zone 1,000 Metres Northwest of Main Zone at Frasergold Property (February 3, 2009)

Hawthorne Assays 4.38 metres averaging 63.05 g/t Au at Frasergold (January 28, 2009)

2008 Exploration Drilling On Step-Out Section 52+00E Expands Large Gold System At Frasergold Property (November 26, 2008)

Hawthorne Drill Results Confirm Bulk Tonnage Opportunity At Frasergold (March 11, 2008)

Frasergold Underground Bulk Sampling Yields Positive Results (February 28, 2008)

Soil Map

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Cross Section

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2008 Drill Map

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Property Description

The Frasergold Property is located in the historic Quesnel Trough of central British Columbia, approximately 100 kilometres east of Williams Lake, BC. The Company entered into an agreement to acquire up to 60% interest in the Frasregold Deposit from Eureka Resources Inc. (TSX-V: EUK) and up to a 70% interest from Dajin Resources Corp. (TSX-V: DJI) on surrounding claims.

The property is road accessible by a series of paved and gravel surfaced roads that lead east from 150 Mile House at highway 97 north to the village of Horsefly and along the Horsefly River to Mackay River. Recent logging activities have provided a series of tracks that provide good access to most of the exploration areas on the property.

Geological Setting

The Frasergold mineralization appears to fit the orogenic lode-gold deposit type. Higher-grade gold tends to occur in quartz veins with coarse particulate gold occurring in quartz-rich segregations of stringers, veins, boudins and mullions. Pervasive low grade gold mineralization is also found within the host knotted phyllite strata where quartz is absent. Orogenic lode-gold deposits occur throughout the world with various age dates ranging from current day formations to those formed in excess of three billion years ago. Those along the Circum-Pacific rim are generally much younger in age and are formed along accretionary boundaries often resulting in the formation of large mountain chains, tectonic controls such as subduction zones, mantle plumes, thrusting, faulting and shearing play a large part in the control of hydrothermal fluids and conduits for gold mineralization and ultimate precipitation. Lode gold is a simple term for gold occurrences within the solid rock in which the gold was deposited.

History

Initial exploration in the early 1980's revealed a 10 kilometre long zone containing anomalous gold values from soil and rock geochemical surveys. Between 1980 and 1994 it is estimated that $7.76 million has been expended on the exploration of the Frasergold Property. A total of 35,967 metres of drilling in 328 holes has been completed on the property, along with 298 metres of underground drifts to provide access for bulk sampling and metallurgical testing. Metallurgical testing was conducted during these earlier programs on surface and underground bulk samples. Such testing indicated that 87 to 92% of the gold is recoverable using a combination of gravity separation and flotation.

Most of the holes were shallow and concentrated on defining the known mineralized areas. Drilling has been conducted along the known 10 kilometre strike length of the mineralized zone, but drill hole density is sparse outward from the key zones and therefore drilling to date is insufficient to adequately assess the entire 10 kilometre strike length of the Frasergold mineralized zone. There has been minimal exploration work completed between 1994 and 2007, when Hawthorne commenced its work program.

A review of the geological data collected for the Frasergold Property indicates that a majority of the previous exploration programs were completed to a high standard and successive exploration programs advanced knowledge of the property significantly. While such work was not conducted using the standards and procedures required under NI 43-101 rules, it is believed that minimal confirmatory sampling would be required to accept the historic data and incorporate it into a current property database.


Click to enlarge
Claim Map

See below comparison of other low-grade gold deposits:

*The Frasergold current resource is based on an approximate strike length of 1.5 km within the 10 km mineralized zone on the Frasergold Property

Notes:
P & P - Proven and Probable
M & I - Measured and Indicated

Other:
All information presented above is based on public information gathered from company websites.