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Hawthorne Gold has three late-state exploration and development properties located in British Columbia, Canada. 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 work towards production at the Cassiar Gold Mine in Q4 2009 / Q1 2010 and continue exploration on the Taurus Deposit. The Company has planned an aggressive resource and development program for 2009 which comprises the following: - Up to 10,000 metre diamond drill program in three focused areas: 1) Taurus Zone -- to define gold zones at surface (grading 3+ g/t Au) 2) Table Mountain Development - to define additional high-grade underground gold zones similar to East Bain Zone - geological model has defined multiple target areas 3) Table Mountain Exploration - to test higher impact regional and deeper areas of interest defined by geological model derived from geophysical, geochemical and geological work - 150 metres of ramp advance followed by 150 metres of undercutting underground development and rehabilitation to access the East Bain Zone in preparation for planned underground production - Property-wide exploration program including trenching, soil sampling and "ground truthing" relating to geophysical signatures identified in 2008; numerous areas identified from interpretation of geological model and historic exploration - 10,000 tonne bulk sample and metallurgical testing of Taurus Zone for potential supplemental mill feed from small high grade open pits for Cassiar Gold Mine once underground production commences 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 completed its summer work program in August 2008, which included a 58 hole drill program (10,405 metres) on the Main Zone and step-out drilling along strike. The goal is to gain a better understanding of the size and potential of the deposit and define a National Instrument ("NI") 43-101 compliant gold resource estimate within the Main Zone. Hawthorne field geologists have identified visible gold ("VG") in multiple locations. Hawthorne believes there is potential for a gold deposit amenable to 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. | |
