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Market: TSX-V
Sector: General Mining - Gold
EPIC: HGC
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Hawthorne Gold
www.hawthornegold.com/s/Home.asp

Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada.

Hawthorne Gold is led by respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at the Cassiar Gold Mine and continued resource development at the Taurus and Frasergold deposits.

Utilizing the management expertise in mine-finding, construction and operation, Hawthorne Gold anticipates pursuing additional exploration and late stage development projects.

Full Hawthorne Gold profile here
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Hawthorne Gold terminates option deal with Eureka over British Columbia claims

7th May 2010, 2:55 pm

Hawthorne Gold (TSX-V:HGC, OTCBB: HWTHF) said it has given notice to Eureka Resources Inc to terminate Hawthorne's option to acquire up to a 51 percent interest in 18 mineral claims located in central British Columbia pursuant to a property option agreement with Eureka dated October 2006.

The decision to discontinue the Eureka option and the company's Frasergold project in general was based on management's decision to focus the company’s resources on its wholly-owned subsidiary, Cassiar Gold Corp, which owns the Table Mountain gold mine and the Taurus gold deposit. The company will continue to work towards production at Table Mountain and the development at the nearby Taurus deposit.

Table Mountain is Hawthorne’s flagship project and was a past producing mine, first as the Erickson gold mine, then the Cusac gold mine. Gold mineralization at Table Mountain is typical of some of Canada's largest gold camps, including Timmins, Kirkland Lake and Val d'Or. During its operational period, mine operators opened 13 portals to access Table Mountain's widespread gold mineralization.

Hawthorne has a NI43-101 compliant inferred resource for Taurus of 33 million tonnes grading 1 g/t gold (approximately 1.06 million ounces of gold).  The company is now seeking to target higher grade zones in 2010.

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