Archive for category Field Work
Soil Sampling Program Yields Highly Anomalous Zone 1,000 Metres Northwest of Main Zone at Frasergold Property
Posted by admin in Field Work on February 3rd, 2009
Hawthorne Gold and Eureka Resources are pleased to announce that recently received analyses, obtained from a soil sampling program 1,000 metres northwest of the Main Zone on the Frasergold Property, identified an area with a highly anomalous gold signature including values as high as 18.77 g/t.
“Hawthorne continues to expand the size of the gold system with the new highly anomalous soil samples and the previously announced high-grade and lower grade wide drill hole intercepts. Our geological team continues to deliver promising results and is working hard to model this deposit to determine the full potential of the mineralized system. The goal is to gain a better understanding of the deposit and define a National Instrument 43-101 compliant gold resource estimate at Frasergold,” commented Richard Barclay, President & CEO of Hawthorne.
Prior to the completion of the 2008 Frasergold exploration season, the Company completed a soil geochemical sampling program to follow the strike of known mineralization to the northwest. Sample collection was focused within a 1,000 m by 300 m area approximately one kilometre northwest along the strike of the Main Zone and was conducted every 25 metres along ten lines spaced 100 metres apart connected by a baseline. A total of 114 samples was collected with two returning 18.77 g/t and 5.67 g/t Au. The strong results demonstrate the effective nature of geochemical sampling programs in the area and the opportunity to identify new high-priority zones along strike.
“The Frasergold property is historically known to contain a potential gold system that extends for approximately ten kilometres. These soil sample results validates Eureka’s exploration work on the property in the 1980s and 1990s,” stated John J. O’Neill, CEO and President of Eureka.
Highlights of the assay results are presented below:
- One sample yielded 18.77 g/t Au (18.77 part per million or ppm Au)
- One sample yielded 5.67 g/t Au
- One sample yielded 1.61 g/t Au
- One sample yielded 1.28 g/t Au
- One sample yielded 0.60 g/t Au
- One sample yielded 0.59 g/t Au (590 part per billion or ppb Au)
- 8 samples over 100 ppb
- 19 samples between 51 and 100 ppb
- 52 samples between 20 and 50 ppb
Assay Procedure and Results
All soil samples were collected from the B horizon and were sent to International Plasma Labs (IPL) for Au and ICP analyses. Please visit http://www.hawthornegold.com for the 2008 Drill Program Plan Map, Section 52+00E, and the Soil Sampling Grid Map.
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 the Frasergold Option Agreement
Pursuant to an option agreement dated October 31, 2006 between Hawthorne and Eureka, Hawthorne can earn a 51% interest in the Frasergold property by completing sufficient exploration expenditures totaling $3.5 million (expended), completing a feasibility study by April 30, 2010, and making cash payments totaling $175,000 ($125,000 paid to date) 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. Hawthorne Gold Corp. (”Hawthorne”) (TSX-V: HGC) and Eureka Resources Inc. (”Eureka”) (TSX-V: EUK) are pleased to announce that recently received analyses, obtained from a soil sampling program 1,000 metres northwest of the Main Zone on the Frasergold Property, identified an area with a highly anomalous gold signature including values as high as 18.77 g/t.
“Hawthorne continues to expand the size of the gold system with the new highly anomalous soil samples and the previously announced high-grade and lower grade wide drill hole intercepts. Our geological team continues to deliver promising results and is working hard to model this deposit to determine the full potential of the mineralized system. The goal is to gain a better understanding of the deposit and define a National Instrument 43-101 compliant gold resource estimate at Frasergold,” commented Richard Barclay, President & CEO of Hawthorne.
Prior to the completion of the 2008 Frasergold exploration season, the Company completed a soil geochemical sampling program to follow the strike of known mineralization to the northwest. Sample collection was focused within a 1,000 m by 300 m area approximately one kilometre northwest along the strike of the Main Zone and was conducted every 25 metres along ten lines spaced 100 metres apart connected by a baseline. A total of 114 samples was collected with two returning 18.77 g/t and 5.67 g/t Au. The strong results demonstrate the effective nature of geochemical sampling programs in the area and the opportunity to identify new high-priority zones along strike.
“The Frasergold property is historically known to contain a potential gold system that extends for approximately ten kilometres. These soil sample results validates Eureka’s exploration work on the property in the 1980s and 1990s,” stated John J. O’Neill, CEO and President of Eureka.
Highlights of the assay results are presented below:
- One sample yielded 18.77 g/t Au (18.77 part per million or ppm Au)
- One sample yielded 5.67 g/t Au
- One sample yielded 1.61 g/t Au
- One sample yielded 1.28 g/t Au
- One sample yielded 0.60 g/t Au
- One sample yielded 0.59 g/t Au (590 part per billion or ppb Au)
- 8 samples over 100 ppb
- 19 samples between 51 and 100 ppb
- 52 samples between 20 and 50 ppb
Assay Procedure and Results
All soil samples were collected from the B horizon and were sent to International Plasma Labs (IPL) for Au and ICP analyses. Please visit http://www.hawthornegold.com for the 2008 Drill Program Plan Map, Section 52+00E, and the Soil Sampling Grid Map.
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 the Frasergold Option Agreement
Pursuant to an option agreement dated October 31, 2006 between Hawthorne and Eureka, Hawthorne can earn a 51% interest in the Frasergold property by completing sufficient exploration expenditures totaling $3.5 million (expended), completing a feasibility study by April 30, 2010, and making cash payments totaling $175,000 ($125,000 paid to date) 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.

