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| |  The Taurus project is a large-tonnage, low-grade gold deposit. It is a former producer and has been explored for approximately 25 years. It is an advanced-stage exploration target that hosts a National Instrument 43-101 compliant inferred mineral resource estimate of 1.055 million ounces of gold. This mineral resource estimate, which was confirmed in a March 2009 updated technical report, consists of 33.1 million tonnes at an average gold grade of 0.99 g/t using a cut-off grade of 0.5 g/t. The project comprises wholly-owned mineral claims and the wholly-owned Taurus II property, which has been drilled over the last two years. This drilling expanded the mineralization with grade intercepts in a range similar to the known resource of 1.0 g/t gold. A former high-grade, small underground gold mine, the Taurus deposit was actively operated in the early 1950s and again in the early 1980s. The high-grade areas were eventually abandoned and attention turned to a large low-grade mineralized zone, where approximately 370 holes have been drilled. Hawthorne plans on reviewing the current deposit and to potentially define the opportunity to develop small open pits from higher grade zones contained within the resource. These smaller pits would be used to provide supplemental mill feed as the Company moves towards production at the Cassiar Gold Mine. Hawthorne's total land package consists of a contiguous 58,901-hectare package on the Cassiar Gold Belt. 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 information.
Updated 43-101 Technical Report and Mineral Resource Estimate 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 here in PDF format. | |
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