Hawthorne Reports Significant Widths of Gold Mineralization From Step-Out Drill Holes on the Taurus West Shear Zone
12 Gennaio 2010 - 5:35PM
Marketwired
Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:
HGC)(PINK SHEETS: HWTHF) is pleased to announce assay results from
step-out diamond drill holes TA09-41 and TA09-42 on the Taurus West
Shear Zone where gold mineralization was intersected over broad
widths. Drilling reported here was completed during the latter
phase of the company's 2009 exploration program, and is from the
western portion of the Taurus deposit.
The 2009 drilling and test mining programs at the Taurus deposit
were designed to assess the potential for higher grade, continuous
gold mineralization in the large low grade Taurus deposit that is
host to a National Instrument 43-101 compliant inferred resource of
approximately 1.06 million ounces of gold in 33.06 million tonnes
grading 1.00 g/t Aug (see report by Wardrop Engineering Inc. dated
March 1, 2009 - available under Hawthorne's profile at
www.sedar.com).
Earlier results, which were reported in previous news releases,
combined with those from surface trenching, have defined zones with
over 3 g/t Au, and locally exceeding 15 g/t Au. The Company plans
to follow-up on these results during 2010 to test for continuous
higher grade zones.
In addition to the central portions of the Taurus deposit, a
previously poorly tested area of disseminated shear zone hosted
gold mineralization was identified by Cyprus Canada Incorporated
("Cyprus") in 1995. This area, termed the Taurus West Shear Zone,
comprises a northerly trending and shallow east dipping auriferous
pyritic shear zone that is several tens of metres thick, and that
is localized around a central graphitic fault zone in mafic
volcanic rocks. The structure is interpreted to represent a thrust
that may be both a structural and fluid feeder to the vein systems
in the Taurus deposit which occur in its hangingwall. Previous
drilling intersected this structure in several historical drill
holes within 150 metres of surface. Based on the open nature of
historically intercepted gold mineralization, Hawthorne drilled two
new holes (TA09-41 and TA09-42) within approximately 70 metres to
the north and south of mineralized intercepts of historical drill
hole T95-13 to test for the continuity of mineralization.
Significant intercepts are listed in Table 1, below, and include
87.59 m grading 1.43 g/t Au in drill hole TA09-41 starting at a
down hole depth of 238.55 m, and 46.77 m grading 0.91 g/t Au in
drill hole TA09-42 starting at a depth of 210.43 m. For comparative
purposes, composited results from the nearby historical drill holes
T95-13 and 07TC-07 also are listed in Table 1. Note that internal
to these intercepts, multiple intersections of over 10 g/t Au also
are present, which suggests potential for defining higher grade ore
shoots within this zone.
Including previous drilling, the Taurus West Shear Zone has now
been tested by widely-spaced drill holes over a north-south strike
length of approximately 300 metres and down-dip along the shear
zone plane for approximately 550 metres. The new drilling suggests
that the mineralized shear zone widens at depth and is open. While
true widths of gold mineralization have not yet been defined, the
drill holes intersect the shallow-dipping shear zone at a
relatively high angle. A representative diagram illustrating the
context of these results and previous drilling is available on
Hawthorne's website at www.hawthornegold.com.
Table 1: Significant intercepts from the 2009 Taurus West Shear Zone
drilling program, and intercepts previously obtained in adjacent historic
drill holes T95-13 and 07TC-07.
(Samples from TA09-41 and TA09-42 gold fire assays were conducted at
ALS Canada Ltd. of North Vancouver, B.C.)
-------------------------------------------------------------------------
From To Interval Au
Drill holes (m) (m) (m) (g/t)
-------------------------------------------------------------------------
TA09-41 9.65 21.46 11.81 1.45
including 9.65 10.21 0.56 10.90
TA09-41 55.77 62.67 6.90 2.56
TA09-41 238.55 326.14 87.59 1.43
including 259.08 296.23 37.15 1.96
including 307.90 313.10 5.20 4.81
including 307.90 309.17 1.27 14.15
-------------------------------------------------------------------------
TA09-42 23.19 32.33 9.14 1.44
TA09-42 210.43 257.20 46.77 0.91
including 225.20 225.98 0.78 5.90
including 237.73 257.20 19.47 1.53
-------------------------------------------------------------------------
From To Interval Au
Historic Drill holes (m) (m) (m) (g/t)
-------------------------------------------------------------------------
T95-13 23.00 26.60 3.60 1.32
T95-13 86.10 97.60 11.50 1.10
T95-13 210.60 306.00 95.40 1.22
including 224.00 250.45 26.45 3.00
including 225.00 232.00 7.00 4.51
-------------------------------------------------------------------------
07TC07 111.05 171.90 60.85 1.53
including 111.05 112.65 1.60 11.13
including 141.35 170.40 29.05 2.40
including 161.90 163.10 1.20 14.46
-------------------------------------------------------------------------
Note: 13.72 m in the composite of 238.55 to 326.14 in drill hole TA09-41
and 17.25 m in the composite of 210.43 to 257.2 m in drill hole TA09-42
were not sampled for assay and are reported at 0 grade. Additional infill
sampling which will undertaken by the Company could therefore potentially
increase the gold grades of these intervals.
The Taurus West mineralization represents a significant style of
gold mineralization which may have similarities to shear zone
hosted pyritic gold deposits such as Holt McDermott in the Abitibi
Greenstone Belt, the Bonanza Ledge in the Cariboo district of
British Columbia, and Macraes in New Zealand. A similar style of
mineralization was intersected and tested by underground
development in the lower portion of the past producing Taurus mine,
two kilometres east of the Taurus West drilling (BC Geological
Survey Branch in Paper 1997-1 by Andre Panteleyev). Hawthorne also
recently completed drilling in the Wing's Canyon area,
approximately two kilometres to the southeast of Taurus, where
broad zones of pyritic mineralization surrounding a shallow dipping
graphitic fault zone were also intersected; analytical results of
this drilling are pending.
The new Taurus West drilling intercepts, recognition of similar
mineralization at the Taurus mine, and the recent drill holes at
Wing's Canyon suggest that the Taurus area has the potential to
host broad areas of auriferous pyritic mineralization in associated
shear zones. During 2010, the Company intends to continue to
evaluate the potential of these significant results, as well as to
test the potential of other areas for this style of
mineralization.
The Taurus gold deposit, an advanced stage exploration and
development project, is located in the Liard Mining Division of
northern British Columbia, approximately eight kilometres from the
Company's Cassiar Gold Mine, on Highway 37.
Quality Assurance and Control
Following logging of drill core, split core samples were
collected and shipped to the primary assay lab ALS Canada Ltd.
(formerly ALS Chemex) of North Vancouver, BC. Check assays were
sent to Eco Tech Laboratory (Stewart Group) of Kamloops, BC.
Hawthorne's Quality Assurance and Quality Control (QA/QC) program
comprises inserting Standard Reference Materials, preparation
duplicates, and check assaying conducted at an independent
laboratory.
Michael Petrina P.Eng., the Company's Vice President of Mining
and a Qualified Person as defined by National Instrument 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
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.
ON BEHALF OF HAWTHORNE GOLD CORP.
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.
Neither the 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 or
accuracy of this release.
Contacts: Hawthorne Gold Corp. Todd Hanas 1-866-869-8072 or
(604) 629-1505 www.hawthornegold.com
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