VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - Hawthorne Gold Corp. ("Hawthorne") (TSX VENTURE:HGC)(WKN:A0M55U) and Eureka Resources Inc. ("Eureka") (TSX VENTURE:EUK) are pleased to announce that as of June 25th, twenty-four (24) NQ2 diamond drillholes have been completed totaling 5,115 meters. Diamond drilling is currently averaging 182 meters per day utilizing two drill rigs focusing on in-fill diamond drilling on the Main Zone and limited step-out drilling along strike. The goal is to gain a better understanding of the size and potential of the deposit and define a National Instrument ("NI") 43-101 compliant gold resource estimate within the Main Zone.
Hawthorne field geologists have identified visible gold ("VG") in multiple locations in three drillholes; FG08-313C, FG08-330C and FG08-332C. Geologists used a field microscope to assist with verification of the VG.
"We are extremely pleased with our progress to date at the Frasergold Property," commented Michael Redfearn, Hawthorne's VP of Operations, "We are ahead of schedule on drilling, our team is aggressively logging core and evaluating our exploration targets and we are making ready an exploration team to review extensions to the Frasergold mineralized system. Drill core has arrived at the lab for testing and we expect to deliver initial results to the market by the middle of August."
Hawthorne will also be completing a surface exploration program to study, map and sample the regional geology and examine the opposite limb of the Eureka syncline. In 2007, Hawthorne completed a 1,300 line-kilometer Airborne Geophysical program on its optioned mineral claims. The geophysical survey displayed a series of linear conductors downslope and therefore at depth below the Frasergold mineralized zone. A series of linear conductors and separate conductors also occur in "areas of interest" on the opposite limb of the syncline, optioned from Dajin Resources Corp. (TSX VENTURE:DJI).
For further information and a copy of the "Drill Hole Location Map" please refer to Hawthorne's website at: http://www.hawthornegold.com/s/Frasergold.asp
Hawthorne's quality assurance and quality control (QA/QC) program includes inserting blanks and standards, and taking field duplicates and preparation duplicates and check assays with every twenty core samples.
Jim Sparling, P.Geo., Hawthorne's Exploration Manager and a Qualified Person as defined by National Instrument ("NI") 43-101, has reviewed and approved the technical content of this release.
About Frasergold Property
The Frasergold property is located in the historic Quesnel Trough area of central British Columbia. A combination of quartz veins and knotted phyllites host gold mineralization containing coarse free gold and finer grained sulphide bearing gold. Previous operators had identified a ten kilometre belt of gold mineralization on the property through drilling, soil sampling, induced polarization geophysical surveys and surface exploration. Hawthorne's 2007 due diligence drill program confirmed results from a number of historic drillholes, which verified the potential for developing the Frasergold property. The full extent of the mineralized zone remains to be tested along strike and at depth.
About Eureka Resources Inc.
Since its incorporation in 1981, Vancouver-based Eureka Resources Inc. has focused on the exploration and development of natural resource properties in order to create wealth for investors. Moreover, with renowned British Columbia entrepreneur John J. O'Neill at the helm, Eureka has long been a steady and trustworthy presence on the British Columbia mineral-exploration scene. In addition to Eureka's fostering of the Frasergold claim, the company holds the rights to the promising Lottie Lake copper claim, which is also in central British Columbia. Shares in Eureka Resources trade on the Venture Exchange of the respected Toronto Stock Exchange.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley together with mining veteran Michael Redfearn. Hawthorne's goal is to become a junior gold producer through planned production at Table Mountain in 2009 and continued resource development at the Frasergold and Taurus deposits.
ON BEHALF OF HAWTHORNE GOLD CORP.
Richard J. Barclay, President & CEO
EUREKA RESOURCES INC.
John J. O'Neill, President & CEO
Certain information regarding the company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hawthorne Gold Corp.
Toll Free: 1-866-869-8072 / 1-888-629-1505 or (604) 629-1505
Eureka Resources Inc.
John J. O'Neill