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Hawthorn Resources Ltd.
Summary
| Project: | Deep South Belize | |
|---|---|---|
| Deposit: | Deep South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-2-2017: Hawthorn Resources Ltd. announces a Resource Estimation report for its Deep South deposit at the Deep South Belize project. JV with Westgold Resources Ltd. - Initial Mineral Resource Estimate at Deep South. Hawthorn Resources Limited (ASX:HAW) | |
| Resources: | (Resource, I+I): 1.299Mt @ 1.85g/t Au for 76800oz Au contained at Deep South | |
| CP/QP: | [Resources]: Andrew Bewsher (BM Geological Services) | |
| ABSTRACT: | Hawthorn Resources Limited (ASX:HAW) is pleased to announce to shareholders a Maiden Indicated and Inferred Gold Resource estimate for the Deep South Joint Venture Prospect. This new resource estimate is in addition to the Maiden Indicated and Inferred Gold Resource estimate as announced on 31/01/2017 at the nearby Box Well Prospect. Both prospects occur in a highly prospective zone of the North East Goldfields of Western Australia where Hawthorn has significant tenement holdings. This area hosts major operating gold mines and resources including the Sunrise Dam (>10 Moz Au), Wallaby (>7.0 Moz Au), Granny Smith (>2 Moz Au), Mt Morgans (1.7 Moz Au) and Jupiter – Heffernans (1.1 Moz Au) mining centres. Both the Box Well and Deep South resources remain open at depth. At Box Well the prospective structure remains open and untested for over 7.0 kilometres to the southeast to Coffey Bore where Hawthorn has identified a small potential gold resource with mineralisation and alteration ABN 44 009 157 439 Level 2, 90 William St Melbourne Victoria 3000 Australia Telephone: +61 3 9605 5950 Facsimile: +61 3 9605 5999 Email: [email protected] identical in style to Box Well. Expansion of the initial resource estimates and the exploration between Box Well and Coffey Bore is a priority for 2017 and beyond. The Deep South Prospect is situated along strike of economic gold mineralisation hosted in the Deep South-Mexico gold orebodies owned by Saracen Mineral Holdings Limited (“Saracen”). Saracen continues commercial production from an underground mine, following a successful open pit mining campaign. Hawthorn has identified a gold mineralised horizon analogous to the adjacent Deep South gold orebodies within its tenement package. A maiden Mineral Resource Estimate for Hawthorn’s Deep South Prospect was compiled in early 2017 by BM Geological Services. | |
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