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HGC Corporate Presentation May 2009 New Look


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Hawthorne Gold

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HGC Corporate Presentation May 2009 New Look

  1. 1. Experienced Management Infrastructure Frasergold Taurus Permitted Table Mountain Building British Columbia’s Next Gold Producer Corporate Presentation May 2009
  2. 2. Forward-Looking Information <ul><li>Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the gold exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. </li></ul><ul><li>A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. </li></ul><ul><li>Michael Petrina, P.Eng., the Company’s Vice President of Mining and a Qualified Person as defined by National Instrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation. </li></ul>
  3. 3. Share Structure Issued and Outstanding 73,912,347 Stock Options ($0.60 - $3.04) 4,291,016 Warrants ($0.30 - $2.25) 17,223,591 Fully Diluted 95,426,954 Insider Ownership 4,362,900 (5%) American Bonanza Gold Corp. 6,750,000 (9%) Institutional Ownership ~25,000,000 (26%) Market Capitalization (as at May 1, 2009) ~$20M
  4. 4. Investment Highlights <ul><li>Experienced Management , Operational and Technical Team </li></ul><ul><ul><li>Led by respected company builders Michael Beley and Richard Barclay </li></ul></ul><ul><ul><ul><li>Co-founded both Bema Gold and Eldorado Gold </li></ul></ul></ul><ul><ul><li>Strong board of directors and advisory team </li></ul></ul><ul><li>Dedicated to Growth through drilling, development and acquisitions </li></ul><ul><ul><li>Apply Bema/Eldorado Model (short term cashflow) </li></ul></ul><ul><ul><ul><li>Working towards production at Table Mountain in late 2009 </li></ul></ul></ul><ul><ul><li>Aggressive 8,000 to 10,000 metre diamond drill program at Cassiar Gold Camp 2009 </li></ul></ul><ul><ul><li>Merger & Acquisitions focus – build resource and production portfolio </li></ul></ul><ul><li>Three advanced stage gold projects in British Columbia, Canada </li></ul><ul><ul><li>Table Mountain Deposit - high grade vein deposits </li></ul></ul><ul><ul><ul><li>Fully permitted 270 tonnes per day mine and operational mill and tailings impoundment facility </li></ul></ul></ul><ul><ul><li>Taurus Deposit - open pit, bulk tonnage opportunity and/or selected smaller high grade open pit opportunities </li></ul></ul><ul><ul><li>Frasergold Deposit - open pit, bulk tonnage opportunity </li></ul></ul>
  5. 5. Experienced Management Team Michael Beley Chairman and Director 40 + years experience in senior executive roles in mining industry; f ormer co-founder, VP & Director of Eldorado Gold Corp.; former co-founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold Peter A. Ball VP Corporate Communications 20+ years mining, brokerage, marketing/communication and technical experience; previous roles with Eldorado Gold, Echo Bay Mines, Hudson Bay Mining and Smelting ltd., RBC Dominion Securities; graduate of Haileybury School of Mines and Georgian Business School Richard Barclay President, CEO and Director 40+ years experience in senior executive roles in financial sector; former f ounding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold Michael Petrina VP Mining 25+ years experience in senior management , operational and consulting roles for such companies as Adanac Molybdenum Corporation, Pan American Silver Corporation, Miramar Mining, TVX Gold, and Kilborn Engineering Pacific Ltd.; B.Sc. Engineering, P.Eng and MBA Patrick McGrath CFO 10+ years of finance and merger experience related to precious metals acquisitions; provided senior management consulting roles for CDN and US public companies; holds Certified General Accountant designation Marlin Murphy Manager of Environmental and Governmental Affairs Over 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation
  6. 6. Technical Team and Advisors John Dadds Exploration Manager 30+ years experience in gold exploration; held positions of increasing responsibility with Corona Corp., Homestake Mining, Barrick Gold; successes include the co-discovery of Hemlo gold deposit and the exploration and mining of the Eskay Creek gold deposit David Rhys Board Advisor Principal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development Dr. John-Mark Staude Board Advisor 20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco Bernard Kahlert Director 35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng Jack McClintock Board Advisor/Consultant 30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA Dale A. Sketchley Director 30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome
  7. 7. British Columbia – A Pro Mining Province Frasergold Deposit Taurus Deposit Table Mountain Deposit Cassiar Gold District Cariboo Gold District
  8. 8. Cassiar Gold Camp <ul><li>Table Mountain and Taurus Deposits </li></ul><ul><li>Progress To Date </li></ul><ul><ul><li>Increased land position by 245% </li></ul></ul><ul><ul><li>Purchased remaining 70% of Taurus Deposit </li></ul></ul><ul><ul><li>Completed geological compilation model of 40 years of data </li></ul></ul><ul><ul><li>Completed 2,536 metre surface diamond drill program at East Bain zone </li></ul></ul><ul><ul><li>Rehabilitated underground access workings </li></ul></ul><ul><ul><li>Re-established exploration and mining camp </li></ul></ul><ul><ul><li>Completed property-wide geophysics program </li></ul></ul>Table Mountain Taurus <ul><ul><li>56,300 hectare claim boundary </li></ul></ul><ul><ul><li>Historical production of ~500,000 ounces </li></ul></ul>
  9. 9. Table Mountain Gold Mine <ul><li>High-Grade Gold System </li></ul><ul><ul><li>NI 43-101 Mineral Resource Estimate </li></ul></ul><ul><ul><li>Deposits hosted in extensive quartz-carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or </li></ul></ul><ul><li>2009 Exploration & Development Program </li></ul><ul><ul><li>8,000 to 10,000 metre diamond drill program focused on : </li></ul></ul><ul><ul><ul><li>Priority zones identified at Table Mountain to potentially increase resource base </li></ul></ul></ul><ul><ul><ul><li>Regional targets to identify new zones </li></ul></ul></ul><ul><ul><li>Underground pre-development at East Bain zone to prepare for production </li></ul></ul><ul><ul><li>Surface soil sampling, trenching and property-wide reconnaissance exploration program </li></ul></ul>Table Mountain <ul><ul><li>23 km of road access throughout property to access 13 adits and ~25 km underground workings </li></ul></ul>
  10. 10. Taurus Gold Deposit <ul><li>Highlights </li></ul><ul><ul><li>NI 43-101 Mineral Resource Estimate </li></ul></ul><ul><ul><li>High-grade zones identified within resource; selected smaller high grade open pits </li></ul></ul><ul><ul><li>Open pit, bulk tonnage opportunity </li></ul></ul><ul><ul><li>Historical production of 32,700 ounces from high grade zones within deposit </li></ul></ul><ul><li>2009 Exploration & Development Program </li></ul><ul><ul><li>Surface exploration drill program to define high grade zones within Taurus deposit for smaller open pits to use as supplemental feed for Table Mountain mine & mill complex </li></ul></ul><ul><ul><li>Complete metallurgical studies on mineralized zones for compatibility with mill flowsheet </li></ul></ul>Taurus
  11. 11. NI 43-101 Mineral Resource Estimate 2009 Resource Target Opportunities *Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by Beacon Hill Consultants (1988) Ltd. - June 1, 2008. For 68.57 g/tonne cut values, individual assays greater than 68.57 g/tonne Au are cut to 68.57 g/tonne Au. ** An updated NI 43-101 report (Wardrop Engineering Inc. – Updated Resource Report on the Taurus Deposit – Liard Mining District, BC - dated March 11, 2009) regarding the Taurus Property is available on Taurus NI 43-101 resource estimate conversion equates to 33.055 million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au. Underground Surface East Bain Mine Area Taurus Deposit – High Grade Zones for potential mill feed Cusac Mine Area Pete, Vollaug, Gap, Bear, other Main Mine Area Regional Cassiar Gold Camp Indicated Inferred Tonnes Grade g/t Contained Au Tonnes Grade g/t Contained Au Kg Oz Kg Oz East Bain* 20,101 21.21 426.37 13,708 1,158 68.57 79.38 2,552 Taurus** - - - 33,055,000 0.99 32,829.72 1,055,500 Total 20,101 21.21 426.37 13,708 35,701,276 1.00 32,909.10 1,058,052
  12. 12. Resource Opportunities Main Mine Cusac Mine East Bain <ul><ul><li>Erickson Creek Fault </li></ul></ul>Historical Production 24K Oz Au Historical Production ? ? 14 Adit 21Adit 28 Adit
  13. 13. Resource Opportunities <ul><ul><li>Erickson Creek Fault </li></ul></ul>
  14. 14. Cassiar Gold Camp Resource & Development Strategy <ul><li>Utilize completed geological data compilation model of 40 year history of camp to identify priority drill targets (data includes drill holes, maps, surveying, and geophysical information) </li></ul><ul><li>Build near-term gold resource portfolio through aggressive surface drill programs </li></ul><ul><li>Continue with regional reconnaissance exploration to identify targets for long term continued growth of resource portfolio across significant land position </li></ul><ul><li>Underground rehabilitation and pre-production development </li></ul><ul><li>Engineering and planning leading towards production </li></ul>
  15. 15. Cassiar Gold Camp 2008 Progress & Q1 – Q4 2009 Development Plan Sept Table Mountain Access / Surveying / UG Rehab. 2008 2009 Oct Nov Dec Q3 Q1 Q2 Resource Modeling Diamond Drilling Taurus Resource Modeling / Expansion Minesite Camp / Site Prep / Equip. / Misc. Mill Rehab./Maintenance/Prep. Eng./Mine Planning/Development GIS Data Compilation Q4 Metallurgical Study Bulk Sample Diamond Drilling Infrastructure Resource Development Bain
  16. 16. Frasergold Summary 2007/08 Drilling Earn up to a 60% interest in the property from Eureka Resources Inc. <ul><li>Open pit, bulk tonnage opportunity </li></ul><ul><li>~50,000m of historical diamond and RC drilling and 300 m underground workings (includes 3,617m in 2007 and 10,405m in 2008) </li></ul><ul><li>Extensive infrastructure with road access directly to site </li></ul><ul><li>Awaiting NI 43-101 Mineral Resource Estimate Study </li></ul><ul><li>Continuing environmental studies, metallurgy and resource estimate </li></ul><ul><li>65 different visible gold occurrences logged in 60% of the 58 completed holes </li></ul><ul><li>Recent drilling highlights: 48.77m averaging 5.84 g/t Au, including 4.38m averaging 63.05 g/t Au </li></ul>Frasergold
  17. 17. <ul><li>TABLE MOUNTAIN </li></ul><ul><li>Continue resource development through surface drilling during 2009 summer/fall; exploration program will consist of 8,000 to 10,000 metres of diamond drilling, trenching, mapping and soil sampling </li></ul><ul><li>Complete engineering and mine planning </li></ul><ul><li>Pre-production mine development leading towards production </li></ul><ul><li>TAURUS </li></ul><ul><li>Surface drilling and metallurgical work to define potential high-grade small open pit opportunities to supplement mill feed at Table Mountain mine </li></ul><ul><li>FRASERGOLD </li></ul><ul><li>Work towards completion of NI 43-101 compliant mineral resource estimate </li></ul>Exploration and Development Going Forward
  18. 18. Moving Towards Production <ul><li>For more information please contact: </li></ul><ul><ul><li>Todd Hanas, Investor Relations </li></ul></ul><ul><ul><li>Telephone: 604.484.3668 </li></ul></ul><ul><ul><li>Toll Free: 866.869.8072 </li></ul></ul><ul><ul><li>Email: </li></ul></ul><ul><ul><li> </li></ul></ul>