| ||May 26, 2010|
Hawthorne Files New Technical Report For Table Mountain Property
| ||Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC) is pleased to announce that an updated Technical Report (the "Technical Report") prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") for its Table Mountain Property dated May 18, 2010 has been filed on SEDAR by the Company and will be available for viewing in the near future at www.sedar.com.|
The purpose of the Technical Report was to review recent surface diamond drilling work conducted on the Table Mountain Property, review recent data compilation work, calculate existing NI 43-101 compliant Mineral Resources and define high potential exploration and development targets.
The Technical Report authors reviewed and evaluated the data and calculated an up-dated mineral resource for the property using 3D mine modeling software. The following table provides a summary of the results:
||Au cut g/t
| Indicated Total
| Inferred Total
A total of 208 diamond drill holes were used in the calculation of the mineral resources reported, comprising both surface and underground drilling from recent and historical drill programs. Diamond drill hole spacing for the holes used was generally 15 meters, but varied from 5 meters to 30 meters both along strike and dip of the veins. These drill holes were used to build a 3D geological block model for the areas reported as Mineral Resources. Grade shells were built around the drill hole data and areas estimated to grade less than 3 g/t Gold were excluded from the tabulation. In addition, a grade capping factor was applied. Gold grades greater than 68 g/t were cut to 68 g/t, noting that a nugget effect is well documented on the property. Mineral resource tonnage and grade was then calculated using MineSight following NI 43-101 reporting protocol. In the Cusac and Main Mine, areas defined within 0 to 30 meters of a drill hole intercept were reported as inferred mineral resources. In the East Bain, because of greater geological certainty due to recent drilling, areas defined within 0-15m of drill hole intercept were reported as indicated mineral resources and areas between 15 and 30 meters from a drill hole intercept report as inferred mineral resources.
The authors of the Technical Report recommended underground and surface drilling programs to improve the confidence levels for the reported mineral resources, upgrade inferred mineral resources to indicated mineral resources and to discover new mineral resources.
In compliance with NI 43-101, Clifford A. Pearson, P. Geo and F. J. Bakker, P. Geo, are the Qualified Persons who prepared or supervised the preparation of the technical information presented in this news release and are also the co-authors of the Technical Report. Messrs. Pearson and Bakker have read and approved the contents of this news release.
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 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 Table Mountain and the continued resource development at the nearby Taurus deposit.
For more information on Hawthorne, contact Robert Fergusson toll free at 1-866-869-8072 or the Company at (604) 629-1505 or toll free at 1-888-629-1505, or you can visit Hawthorne's website at www.hawthornegold.com.
ON BEHALF OF HAWTHORNE GOLD CORP.
(signed) "Richard J. Barclay"
Richard J. Barclay
President & CEO
This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., completion and timing of exploration programs at the Silver Hart Property; risks associated with project development; or the need for additional financing) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and CMC disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future, except as required by applicable law.
Neither 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 of accuracy of this release.
You can view the Next News Releases item: Fri Jun 25, 2010, Hawthorne Provides Corporate Update
You can view the Previous News Releases item: Thu May 6, 2010, Hawthorne Gold Announces Termination of Option Agreement
You can return to the main News Releases page, or press the Back button on your browser.