News: Hawthorn Resources strikes more gold in WA

Hawthorn Resources (ASX:HAW) has recorded strong results from drilling at its Yundamindera project in Western Australia, with assays marking grades over 2 grams per tonne gold across broad intercepts.

New drilling at the project’s Box Well West prospect has returned 19 metres at 2.13 grams per tonne gold from 101 metres and 27 metres at 1.37 g/t gold from 24 metres, including 10 metres at 3.06 g/t gold from 24 metres.

Other results recorded 8 metres at 3.37 g/t gold from 19 metres within a 38-metre sample grading 1.62 g/t gold from 12 metres as well as a 36-metres intersection at 1.96 g/t gold from 42 metres, which included 21 metres at 3.01 g/t gold from 57 metres.

The drilling completed was designed to infill and further test the northern strike extension mineralisation, which delivered grades over 2 g/t gold over shallow, broad zones earlier this year.

Despite an extensive history of modern exploration by a number of previous company’s at the site, this mineralised unit had never previously been identified or drilled, prior to Hawthorn’s drilling program in late 2014.

As of the end of June, Hawthorn held funds on hand of A$7.1 million.

The company intends to transition from an explorer to a producer through the development of its portfolio, which also includes a joint venture with Legacy Iron Ore (ASX:LCY) on strategic tenements in WA.

Legacy and Hawthorn announced earlier this month that their Mt Bevan iron project had begun a field mapping and sampling program where earlier drilling had intersected thick intersections of direct-shipping-ore hematite.