| ||September 10, 2007|
Hawthorne Commences 5,000 Meter Drill Program at Frasergold
| ||Hawthorne Gold Corp. ("Hawthorne" or the "Company") - TSX-V: HGC is pleased to announce the commencement of its 5,000 meter drill program on the Frasergold property optioned by Hawthorne from Eureka Resources Inc. ("Eureka"). The drill program will include a 10 HQ diamond drill hole program in the Main Zone, in-fill drill holes and stepout drilling which, with success, may significantly increase the existing gold resource. A rigorous sampling and assay protocol on the first 10 HQ diamond drill holes will include a one kilogram metallic screen analysis with triplicate samples of the -150 mesh fraction. Quality assurance and quality control will include blanks, standards and duplicates inserted with every ten core samples. |
The gold mineralization appears to fit the orogenic lode-gold deposit type; gold tends to occur in quartz veins with coarse particulate gold occurring in segregations of stringers, veins, boudins and mullions. Pervasive low grade gold mineralization is also found within the knotted phyllite strata where quartz is absent. Historic exploration work has outlined a 10 kilometer long mineralized zone that remains open along strike and down dip. The company believes the historic data has underestimated the potential for a large open pittable gold deposit. The historic resource of approximately 363,000 ounces of gold, consisting of 6,612,675 tons of mineralized material at an average grade of 0.055 ounces of gold per ton, was calculated using only the higher grade portion of the deposit. The historic resource calculation was not conducted according to current CIM standards and is not compliant with NI 43-101. The calculation is not to be relied upon for evaluating the Frasergold property and is presented for historic purposes only.
Sheri Burt, P.Geo., a Qualified Person under NI 43-101, has approved the technical content of this News Release.
About the Frasergold Option Agreement
Pursuant to an option agreement dated October 31, 2006 between Hawthorne and Eureka Resources Inc. (TSX-V: EUK), Hawthorne can earn a 51% interest in the Frasergold property by completing exploration expenditures totaling $3.5 million, completing a feasibility study by April 30, 2010 and making cash payments totaling $175,000 before October 31, 2009. Hawthorne can earn a further 9% (for a total of 60%) by arranging financing for 70% of the estimated capital costs for production.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne Gold is managed by well-respected mining leaders Richard Barclay and Michael Beley. Together with mining veteran Michael Redfearn, and a strong board of Directors from across the mining industry, the goal is to become another successful gold company through focused exploration initiatives, continued development of the Frasergold mineral deposit and potential acquisitions of other projects.
For more information, contact Robert Ferguson at (604) 629-1505 or toll free at 1-888-629-1505. You can also visit the Company's website at www.hawthornegold.com.
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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.
You can view the Next News Releases item: Thu Sep 20, 2007, Hawthorne Completes Airborne Geophysics Program on the Frasergold Property
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