BRITISH COLUMBIA — Hawthorne Gold of Vancouver has produced the first 43-101-compliant resource estimate for the Frasergold property in the Cariboo Gold District.
Depending on the cutoff grade chosen, the deposit contains 1.2 million or 635,000 oz of gold. At 0.3 g/t Au, the measured and indicated resource is 34.1 million tonnes at 0.559 g/t Au plus 75.3 million tonnes of inferred material averaging 0.507 g/t. Using a 0.50 g/t cutoff, the measured and indicated resource is 15.2 million tonnes at 0.776 g/t Au plus 27.5 million tonnes of inferred material averaging 0.718 g/t.
Hawthorne said historical sampling and drilling showed that the deposit is open at depth and mineralization continues down dip in particular areas along the strike of the Main zone.
Hawthorne based its resource estimate on 160 diamond drill holes and 242 reverse circulation holes that collected samples over 49,691 metres. Additional information on laboratory and assay procedures is posted at www.HawthorneGold.com.
Hawthorne is earning a 51% interest in the Frasergold property under option from Eureka Resources (www.EurekaResourcesInc.com).