Headquartered in Vancouver, British Columbia, Hawthorne Gold Corp. (HGC.V) is a gold exploration and development company. Their corporate focus is on three key properties in this Canadian province: Frasergold, Table Mountain, and Taurus.
Trading on the Toronto Stock Exchange (TSX-V), the company’s goal is to become a successful gold company through focused exploration. They are also working to achieve this goal through continued development of their current projects and through the potential acquisitions of other projects. The company’s direction comes from well-respected mining leaders Richard Barclay and Michael Beley, together with mining veteran Michael Redfearn. Their mission is to become a junior gold producer through planned production at Table Mountain in 2009.
Hawthorne Gold Corp.’s Frasergold project is a multi-million ounce, open-pittable bulk tonnage potential project. They have an active diamond drill program there. It is a year-round camp environment with road access. This project is in the historic Quesnel Trough area in central British Columbia. It has a rich history of continued exploration since the 1970’s.
Their Taurus project also has multi-million ounce, open-pittable bulk tonnage potential. It has 32,700 ounces of historical production, although it has had limited exploration in the past two decades. Taurus is in the Cassiar Gold Mining District in northern British Columbia. This district has experienced extensive mining and exploration activity since the 1960’s.
The company’s Table Mountain project is also in the Cassiar Gold Mining District. It has 500,000-plus ounces of historical gold production from extensive underground workings. It has an existing 300 tons per day mill, expandable to 400 tons per day. This site has extensive permitted mine-mill infrastructure, as well as road access. The processing plant has the potential to produce 45,000 ounces per year.
In July the company announced that Canadian Mining Geophysics Ltd. (CMG) commenced a property-wide, 6,355 line-kilometer, geophysical survey on Hawthorne’s Cassiar property. The company related that the property has never been completely flown by airborne geophysics. They believe the survey could potentially reveal new gold bearing geological structures.
On, Apr 15, 2008 Hawthorne Gold Corp. and Cusac Gold Mines Ltd. announced the closing of the statutory plan of arrangement whereby Hawthorne acquired all of the outstanding common shares and debentures of Cusac. As a result, Cusac became a wholly owned subsidiary of Hawthorne Gold Corp.
Richard Barclay, President and CEO of Hawthorne, said, ” “We believe the merger provides a platform for near term gold production opportunities from the restart of the Table Mountain Mine and the upside potential of Hawthorne’s combined portfolio of British Columbia gold exploration and development properties.”
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