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Past Profile

eBlast
Hawthorne Gold Corp. (Pink Sheets: HWTHF)
February 11th, 2009.

 
 Hawthorne Gold Corp. (Pink Sheets: HWTHF)

Dear StockUpTicks Reader:

As gold continues to perform, hitting a seven month high and still in the $900+ per ounce stratoshpere we're elated to bring you a gold story with a lot to talk about. As you consider the price of gold, the fabled metal's historic role in uncertain times, and the fact that gold is again rising, perhaps today's featured company Hawthorne Gold Corp. (TSX-V: HGC), (PINK SHEETS:HWTHF), may be arriving in your in-box at the perfect time. With this in mind, please take a few moments to review today's Profile on Hawthorne Gold Corp. We think you'll agree that this isn't your everyday gold company.
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    About Hawthorne Gold Corp. 

COMPANY: Hawthorne Gold Corp.

SYMBOL: (Pink Sheets: HWTHF) 
(TSX Venture: HGC)

LOCATION: Mining Friendly British Columbia, Canada

STATUS:  Permitted, Building Resources, Operating Mill, Underground Workings, Tailings Pond, Access, Airstrip Nearby

START-UP: GOLD PRODUCTION LATE 2009

WEBSITE: www.hawthornegold.com 

View a corporate video on Hawthorne Gold created by B-TV Business Television HERE

Experienced Management: Mining Industry Veterans Richard Barclay and Michael Beley (see below), who co-founded both Bema Gold and Eldorado Gold

Proven Track Record and Growth Model: Utilize experienced team to recognize opportunities, acquire and develop strategic assets, and create the foundation for success


 

High Grade Mining Operation: Historical Grade 0.5 oz/ton

2009 Focused Drill Programs: 10,000 metres at Table Mountain

Operational Team: VP Operations- 25 Year Veteran Michael Petrina, P.Eng., MBA (see below)

Projects:                                             Three Advanced Stage Gold Projects in British Columbia in two proven gold districts

View a Corporate Presentation 
by clicking on the image below

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    Investment Highlights

Investment Highlights

Experienced management team that co-founded Bema Gold in the 1980s and co-founded Eldorado Gold in the 1990s

  • Led by respected company builders Richard Barclay and Michael Beley
  • Three advanced stage gold projects in British Columbia, Canada
  • Table Mountain Deposit -high grade vein deposits with permitted and operational mill
  • Taurus Deposit -multi-million ounce, open pit, bulk tonnage opportunity
  • Frasergold Deposit -multi-million ounce, open pit, bulk tonnage opportunity
  • Dedicated to growth through drilling, development and acquisitions
  • Focused on becoming a junior gold producer by working towards production at Table Mountain in late 2009
  • Continued resource development at the Frasergold and Taurus deposits
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        Hawthorn Gold Corp. Projects
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    Cassiar Gold Camp

    Table Mountain and Taurus Deposits

    Property Description
    • 56,300 hectare claim boundary encompassing majority of gold camp

    • Historical production of 500,000 ouncesat approximately 0.5 ounces per ton(~15 g/t)Location/Access

    • Highway 37 crosses property

    • Approximately 140 Km to Watson 
    Lake and 115 Km to Dease Lake

    • 12 Km to Cassiar airstrip


     

    CLICK HERE to view an independent NI 43-101 technical report (Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by Beacon Hill Consultants (1988) Ltd. - June 1, 2008) (pdf file - 6.8 MB) 

    The wholly-owned Table Mountain gold mine is a high-grade, underground mining operation located in northern British Columbia. The historic Cassiar Gold Belt is a 23 kilometre long greenstone hosted quartz carbonate formation that stretches from Mount McDame in the north to Juniper Mountain in the southeast. The historic mining operations and McDame River have produced just over 500,000 ounces of gold from various mills and placer operations.

    Numerous small mines processed high-grade ore starting in 1934. This was followed in 1978 by larger-scale underground mining and processing, first as the Erickson gold mine, then the Cusac gold mine. During this period, mine operators opened 13 portals to access Table Mountain's widespread gold mineralization. The operation and support facilities at the Table Mountain gold mine, which shut down in October 2007, consist of a 300-ton-per-day, gravity flotation mill, power plant, assay laboratory and permitted tailings pond.

    Gold mineralization at Table Mountain is hosted in a greenstone quartz carbonate gold system that is typical of some of Canada's largest gold camps, including Timmins, Kirkland Lake and Val d'Or. Hawthorne plans to undertake a geological reconnaissance and drilling programs in 2008 with the goal of working towards gold production in 2009.

    Taurus Project

    The company has prepared a NI 43-101 report (Wardrop Engineering Inc. - Technical Report on the Taurus Deposit - Liard Mining District, BC - dated June 11, 2007) regarding the Taurus Property and can be viewed here in PDF format

    The Taurus project is a large-tonnage, low-grade gold deposit. It is a former producer and has been explored for approximately 25 years. It is an advanced-stage exploration target that hosts a National Instrument 43-101 compliant inferred resource of 1.04 million ounces of gold. This resource, which was confirmed in a June 2007 technical report, consists of 32.4 million tonnes at an average gold grade of 1.0 g/t using a cut-off grade of 0.5 g/t.

    The project comprises wholly-owned mineral claims and the wholly-owned Taurus II property, which has been drilled over the last two years. This drilling expanded the mineralization with grade intercepts in a range similar to the known resource of 1.0 g/t gold.

    A former high-grade, small underground gold mine, the Taurus deposit was actively operated in the early 1950s and again in the early 1980s. The high-grade areas were eventually abandoned and attention turned to a large low-grade mineralized zone, where approximately 370 holes have been drilled.

    The land package consists of a contiguous 56,300-hectare package on the Cassiar Gold Belt.
     

    Frasergold Project

    The Frasergold Property is located in the historic Quesnel Trough of central British Columbia, approximately 100 kilometres east of Williams Lake, BC. The Company entered into an agreement to acquire up to 60% interest in the Frasregold Deposit from Eureka Resources Inc. (TSX-V: EUK) and up to a 70% interest from Dajin Resources Corp. (TSX-V: DJI) on surrounding claims.

    The property is road accessible by a series of paved and gravel surfaced roads that lead east from 150 Mile House at highway 97 north to the village of Horsefly and along the Horsefly River to Mackay River. Recent logging activities have provided a series of tracks that provide good access to most of the exploration areas on the property. Click HERE for a summary report.

    The Company completed its summer work program at Frasergold which included a 58 hole drill program (10,405 metres) on the Main Zone and step-out drilling along strike. The goal is to gain a better understanding of the size and potential of the deposit and define a National Instrument ("NI") 43-101 compliant gold resource estimate within the Main Zone.

    Of the 58 drill holes, a total of 31 holes intersected quartz/carbonate boudinaged ribbon vein systems containing visible gold ("VG"). Most of the drilling was concentrated in the Main Zone where 16 of 43 holes intersected VG. Other interesting results to date were step out holes northwest and along strike from the Main Zone, drilling in this area intersected VG in 10 of 12 holes. The 58 holes were completed as part of a resource confirmation program within the two kilometer Main Zone that lies within a ten kilometer long gold mineralized zone.

    The Company completed its summer and fall work program in December 2007, which included a 16 hole drill program (3,617 metres), a series of 211 vertical channel samples taken across the entire 130 metre strike length of the underground workings and a series of eleven 200 kilogram bulk samples across the same length of the channel samples.

    The Company believes the gold distribution throughout the deposit is better represented through the bulk and channel samples noting the nugget effect through the system. Published documents from the Paracatu (Brazil), Macraes (New Zealand), and Bendigo (Australia) gold deposits, which are similar geologically and mineralogically, confirm that the larger the sample, the more accurate a determination of the head grade of deposits where coarse gold is present within the mineralized system. 

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        Hawthorne Gold Corp. Management Team
    <<<Spacer>>>
    Richard Barclay
    President, Chief Executive Officer, and Director
    Mr. Barclay has been a director of the Company since June, 2006 and the President and Chief Executive Officer since October, 2006. Since December 2004, Mr. Barclay has been the Chief Financial Officer and director of Adriana Resources Inc., a TSX-V listed mineral exploration and development company with a development-stage iron ore port facility in Brazil, advanced mineral projects in Quebec, Canada. From 2002 until 2005, Mr. Barclay was Chief Executive Officer of Nevada Pacific Gold Ltd., formerly a TSX-V listed company which was acquired by U.S. GOLD in April 2007. He was a co-founder and the President, Chief Executive Officer and director of Eldorado Gold Corporation, a TSX listed company, from 1992 to 1998. Eldorado operated gold mines in Mexico, Brazil and Australia, and developed significant gold assets in Turkey. A co-founder of Bema Gold Corporation, he serviced as Chief Financial Officer and director of that TSX listed company from 1982 to 1992. Bema was acquired by Kinross Gold Corp. in April 2007.
    Michael Beley
    Chairman & Director
    Mr. Beley has been a director of Hawthorne since June, 2006 and is a member of the Company's Audit Committee. He is the President, Chief Executive Officer and director of Adriana Resources Inc., a TSX-V listed mineral exploration and development company with a development-stage iron ore port facility in Brazil, advanced mineral projects in Quebec, Canada. From 2004 to 2007, Mr. Beley was a director of Nevada Pacific Gold Ltd., formerly a TSX-V listed company which was acquired by U.S. GOLD in April 2007. Mr. Beley was the Vice President Corporate Development and director of Polaris Minerals Corp., a TSX listed company, from 2002 until 2003 and is currently a director of its subsidiary, Orca Sand and Gravel Ltd. which is focused on the development of two construction aggregate quarries on Vancouver Island, B.C. Since 1996, Mr. Beley has been a director of Energold Drilling Corp., a TSX-V listed contract diamond drilling company servicing the mining industry. From 1999 to 2003, he was a director of Cardero Resources Corp., a TSX company. A co-founder of Eldorado Gold Corporation, Mr. Beley served as Vice President and director of this TSX listed company from 1999 to 2003, and from 1976 to 1992 was Vice President and director of Bema Gold Corporation, formerly a TSX listed company he also co-founded and which was acquired by Kinross Gold Corp. in 2007. Mr. Beley holds a B.Sc. from the University of British Columbia, is a fellow of the Geological Association of Canada and is past President of the British Columbia and Yukon Chamber of Mines.
    Michael Petrina
    VP of Mining
    Mr. Petrina, P.Eng., MBA, brings over 25 years of mining industry experience is currently the VP Operations of Adriana Resources Inc., a TSX-V listed mineral exploration and development company with a development-stage iron ore port facility in Brazil, advanced mineral projects in Quebec, Canada. Mr. Petrina was also previously the General Manager of Operations for Adanac Molybdenum Corporation. Mr. Petrina brings extensive experience in operational, engineering, mine development, financial modelling and acquisition analysis, and as a past technical advisor and engineering consultant for numerous mining companies around the world. Mr. Petrina has worked directly for or as a consultant for such companies as Pan American Silver Corporation, Miramar Mining, Breakwater Resources, TVX Gold, Canadian Zinc, Cross Lake Minerals and Kilborn Engineering Pacific Ltd.
    Patrick McGrath
    Chief Financial Officer
    Mr. McGrath has been the Chief Financial Officer of the Company since January, 2006. He has a Bachelor of Commerce degree (1995) from Memorial University of Newfoundland and is a Certified General Accountant. Since 2006, Mr. McGrath has been with Adriana Resources Inc. and now serves as Vice President Finance of that company. Adriana is a TSX-V listed mineral exploration and development company with a development-stage iron ore port facility in Brazil, advanced mineral projects in Quebec, Canada. Between December 2004 and January 2007, Mr. McGrath was Chief Financial Officer of Northern Sun Exploration Company Inc., a TSX-V listed oil and gas exploration company with properties in western Canada.
    Marlin Murphy
    Manager of Environmental and Government Affairs
    Mr. Murphy became the Manager of Environmental and Government Affairs of the Company effective August 2007. Mr. Murphy holds a B.Sc. from the University of Alberta , and is a member of the BC Institute of Agrologists, the Agrologist Institute of Canada, a Professional Agrologist and a Canadian Certified Environmental Practitioner. Mr. Murphy brings over twenty-five years of environmental and government relations experience to Hawthorne , with previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining Company, and Cassiar Mining Corporation. His positions have included Environmental and Safety Superintendent at Cassiar Mining Corporation and Environmental Superintendent North America Operations for Homestake Mining Company. Mr. Murphy has been involved with the completion of various mine permitting projects, including the permitting for the construction and operation of the Eskay Creek Mine and the Gregg River Resources Mines, both Federal and Provincial environmental and regulatory submissions/applications, the design and maintenance of monitoring and reclamation programs, public advisory committees and liaison activities with First Nation governments.
    <<<Spacer>>>
        Recent News From Hawthorne Gold Corp.

    Press Release 
    Source: Hawthorne Gold Corp., Eureka Resources Inc.
    Thursday February 5, 2009, 9:15 am EST

    Hawthorne Gold Corp. and Eureka Resources Inc.: 2008 Drilling Confirms Gold Mineralization at Frasergold Continues to Depth and Thickness of Main Zone Increases

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2009) - Hawthorne Gold Corp. ("Hawthorne") (TSX VENTURE:HGC - News) and Eureka Resources Inc. ("Eureka") (TSX VENTURE:EUK - News) are pleased to announce the results from 14 additional diamond drill holes ("DDH") from the 2008 exploration program that consisted of 58 holes (totaling 10,405 metres) on the Frasergold property. The property is located in the Cariboo Gold District of central British Columbia, Canada and is accessible by highway and logging roads year round. Further assaying from the remaining 37 holes is underway and results are expected shortly.

    "Our geological team continues to focus on modelling the deposit to determine the full potential of the system and we are pleased with the success of the drill program to date," commented Richard Barclay, President & CEO of Hawthorne. MORE


    Press Release 
    Source: Hawthorne Gold Corp., Eureka Resources Inc.
    Tuesday February 3, 2009, 9:15 am EST

    Hawthorne Gold Corp. and Eureka Resources Inc.: Soil Sampling Program Yields Highly Anomalous Zone 1,000 Metres Northwest of Main Zone at Frasergold Property

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2009) - Hawthorne Gold Corp. ("Hawthorne")(TSX VENTURE:HGC - News) and Eureka Resources Inc. ("Eureka")(TSX VENTURE:EUK - News) 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. MORE
     


    Third Party Coverage of Hawthorne Gold Corp.
     
    Profiled on:  

    The Gold Report - www.theaureport.com 

    Recommended by:  

    Peter Grandichwww.grandich.com

    Jay Taylorwww.miningstocks.com

    James West www.midasletter.com

    Profiled by: 

    Haywood Securities Inc.www.haywood.com

    Interviewed and seen on:          

    The Korelin Economics Reportwww.korelinreport.com

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        Financial Highlights 

    <<<Spacer>>>
    Market Data 
    02/11/09
    Symbol  HWTHF
    Exchange  OTC Pink Sheets
    Recent Price  $0.28
    Outstanding Shares  53,140,681 as of Jan 2, 2009
    Market Cap. (est.) $15,809,353 as of Feb 10, 2009
    Average 3mo Volume  21,201
    FYE 11/30
    Source:  Yahoo Finance

    Click on the image below to view a Corporate Fact Sheet


     
    Current Price of Gold

    View Hawthorne Gold Corp. News HERE

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    Company Contacts


    Suite 1580, One Bentall Centre
    505 Burrard Street, Box 72
    Vancouver, BC
    Canada V7X 1M5
    Toll Free: 888-629-1505

    For more information contact Investor Relations:

    Todd Hanas
    todd@hawthornegold.com

    Direct Line:
    Tel: 604-484-3668
    Toll Free: 866-869-8072


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