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- Hawthorn Resources (HAW) has updated the JORC mineral resource estimate (MRE) for its Trouser Legs Gold Project in WA
- The new JORC 2012 mineral resource estimate has been confirmed at 157,000 ounces
- This is an increase of 3000 ounces from the 154,000 ounces calculated in mid-April
- The updated MRE was calculated from 691 reverse circulation (RC) and 33 diamond core holes from both historical and recent exploration
- This recent work saw gold grading up to 51.25g/t gold be intersected
- Planning is now underway for resource extension drilling as the main orebody remains open down dip and down plunge
- Hawthorn is down 3.57 per cent on the market and shares are currently trading for 13.5 cents each
Hawthorn Resources (HAW) has updated the JORC mineral resource estimate (MRE) for its Trouser Legs Gold Project.
The new JORC 2012 mineral resource estimate has been confirmed at 157,000 ounces.
The Trouser Legs Gold Project lies 140 kilometres northeast of Kalgoorlie in Western Australia and is centred on the Anglo Saxon Mine.
The project is held in a joint venture with Gel Resources, with Hawthorn holding 70 per cent and Gel the remaining 30 per cent.
The MRE was calculated from 691 reverse circulation (RC) and 33 diamond core holes from both historical and recent exploration.
Results from recent stage three and four drillings consisted of 15 RC and diamond holes at the south of the project.
Best results from this recent drilling include 0.35 metres at 51.25g/t gold from 146.3 metres, 0.55 metres at 46.87g/t gold from 131.45 metres, and one metre at 46.04g/t gold from 135.5 metres.
Hawthorn first released the maiden mineral resource for Trouser Legs in mid-April which calculated there to be a total of 154,000 ounces of contained gold in the inferred and indicated categories.
This was estimated on 681 RC holes and 28 diamond holes, from historical and recent exploration results.
Planning is now underway for resource extension drilling as the main orebody remains open down dip and down plunge.
More information will be announced as this progresses.
Hawthorn is down 3.57 per cent on the market and shares are trading for 13.5 cents each at 3:14 pm AEDT.
