Hawthorn Resources (ASX:HAW) has completed a major 53-hole, 7,846-metre reverse circulation drilling program at its Anglo Saxon Gold Project, part of the Trouser Legs joint venture (70% Hawthorn, 30% Gel Resources), delivering exceptional high-grade results.
The program, designed to infill and update the existing mineral resource estimate of 157,000 ounces at 6.1 g/t gold, confirmed the continuity of narrow, high-grade quartz veins within the Pinjin Shear Zone.
Highlights include nineteen intervals exceeding 30 g/t gold, with selected results such as 1m at 85.76 g/t from 94m (25TLRC019) and 1m at 73.69 g/t from 84m (25TLRC025).
These results complement historical ‘bonanza’ grades, including 3.5m at 222.2 g/t from 127.5m (TLRC2429R).
Hawthorn has commissioned BMGS to update the MRE and re-run open-pit optimisation studies, with potential for an expanded open-pit development to exploit the residual resource.
Managing Director Brian Thornton said the drilling confirms Anglo Saxon as a compelling, low-risk development opportunity, with studies to guide next steps in line with record Australian gold prices.
At the time of reporting, Hawthorn Resources' share price was $0.091.