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Hawthorne Gold, on closing of the merger with Cusac Gold Mines, will have three significant properties located in British Columbia, Canada. The Frasergold Property is located in the historic Quesnel Trough area in central British Columbia and has a long history of continued exploration since the 1970's. Hawthorne's 2007 summer/fall exploration program was completed in December 2007, which included confirmatory and exploratory diamond drilling, underground bulk sampling, surface and underground geological mapping, airborne geophysics and preliminary metallurgical testing for flowsheet design. The diamond drilling was designed to initiate a due diligence program within the two kilometer Main Zone that lies within the 10 kilometer long gold mineralized zone to determine the geological model of the gold deposit and to prepare for the 26,000 metre definition drill program planned for 2008. Hawthorne believes there is potential for a gold deposit amenable to a low grade bulk tonnage open pit mining operation. The Table Mountain and Taurus Projects are located in the Cassiar Gold Mining District in northern British Columbia, where there has been extensive mining and exploration activity since the 1960's. The company's goal is to bring the Table Mountain Gold Mine back into prouction in early 2009 and continue exploration on the Taurus Deposit. An opportunity exists to develop the Taurus Deposit into a low grade bulk tonnage open pit mining operation. Hawthorne expects to review other potential exploration and development stage projects to further increase and diversify their asset portfolio. | |
