Hawthorn Resources Limited (Hawthorn) is an Australian diversified base metal and gold explorer with significant strategic tenement holdings throughout Western Australia.
TROUSER LEGS - ANGLO SAXON
(Hawthorn Resources 70%, Gel Resources 30%)
The Trouser Legs Project area is located 140 kilometres north-east of Kalgoorlie and is centred on the historic Anglo Saxon Mine. The Trouser Legs - Anglo Saxon project area is also situated 35 kilometres to the east of the Carosue Dam Mill of Saracen Mineral Holdings.
A series of resource estimations carried out between 1994 and 2001 and more recently in late 2011, determined that a near surface, mainly oxide deposit of 23,000 ounces of gold could be defined within a much larger global gold resource.
Recent drilling has been designed to test and extend mineralised zones within the Indicated Mineral Resource model, that remain open along strike and at depth, and progress the resource towards mining.
Further drilling has commenced to fully capture the near surface gold resource at Anglo Saxon and nearby high grade satellite deposits within the project area, while pre-mining studies on the feasibility of the project are underway.
This drilling was successful with 27 of 31 holes drilled returning significant gold assays.
UPDATE OCTOBER 31 2013
Anglo Saxon Resource
In 2012 Hawthorn was pleased to announce an updated Indicated and Inferred Gold Mineral Resource at the Anglo Saxon prospect of:
• 276, 533 tonnes at 2.59 g/t Au for 23, 020 ounces of gold (at $1400 AUD/ounce gold price, a cut off-grade of 0.5 g/t)*
This resource is both robust and conservative and is focused only on the shallow, oxide portion of the much larger historically Inferred Mineral Resource of 135,000 ounces of gold in the Anglo Saxon mine area.
The resource is located within a series of granted Mining and Associated Infrastructure Leases, limiting several obstacles towards production.
The resource estimation was designed to examine the potential for exploitation of near surface, mainly oxide zones observed within the larger deposit.
Diamond drilling programs at Anglo Saxon have commenced, under the management of Mr Paul Chare, Project Manager. The initial phase of this drilling is focused on extending continuity of the mineralisation and extent in key areas surrounding the Indicated and Inferred Mineral Resource was successful with numerous significant gold assays.
Hawthorn has retained an independent consulting group, to compile a geological resource block model, which will include geo-technical core logging and an update on the overall mineral resource.
Depending on the completion of this study, which is expected by mid to late September 2013, a favourable outcome will lead to a mining study also to be completed. Such a study will examine all aspects of open pit mining, construction of waste dump areas and run-of-mine pads, metallurgy study of the ore, haul roads construction.
Discussions have taken place with Saracen who own and operate the nearby Carosue Dam Mill with a view to toll-treatment of the Anglo-Saxon oxide ore. On completion of all engineering studies it is expected that a formal toll treatment agreement can be reached with Saracen Mineral Holdings.
The full exploration update report can be viewed here.
Coles, Exile and Anglo Saxon Waste Dumps
Concurrent with the feasibility drilling to be carried out at Anglo Saxon, focused drilling will take place on the Coles, Exile and Exile North Prospects to elevate the small, but high grade zones of gold mineralisation into resource categories.
*The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Ian Moody, who is a member of the Australasian Institute of Mining and Metallurgy and a full time consultant geologist with First Principle Mineral Exploration Company Pty Ltd. Mr Moody has sufficient experience as a geologist which is relevant to the style of
mineralization and the type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the 2004
edition of the Australasian Code of Reporting of Exploration Results, Mineral
Resources and Ore Reserves. Mr Moody consents to the inclusion in this report
of the matters based on his information in the form and context in which it