Hawthorn Resources Limited Unveils Corrected Mineral Resource Update & Robust 8,000m Drilling Program at Anglo Saxon Gold Project
Tuesday, August 12, 2025
at
3:40 pm
Hawthorn Resources Limited has updated its previous announcement with revised mineral resource estimates and added detailed drilling plans for its Anglo Saxon gold project. The firm confirms updated Competent Person credentials and an 8000m RC drilling program, aiming to boost confidence in potential mining expansion.
Hawthorn Resources Limited has issued an update that corrects its previous announcement, now incorporating the full breakdown of its Mineral Resource Estimate (MRE) for the Anglo Saxon Gold Project in Western Australia. The updated announcement details a corrective amendment which includes both the revised resource estimate and an updated Competent Person Statement, confirming that Mr. Andrew Bewsher, a director of BM Geological Services, is the designated expert for the report in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 edition).
The company has embarked on an 8,000-meter reverse circulation drilling program at its high-grade Anglo Saxon gold project, located within the South Laverton Tectonic Zone of the eastern Yilgarn Craton. This two-stage program, commencing with an initial 3,000 meters followed by a planned extension of 5,000 meters contingent on early results, is designed to improve confidence in the current resource model and reduce the risks associated with expanding the scope of potential open pit mining operations. The Anglo Saxon project, positioned in joint venture with Gel Resources Pty Ltd (70% Hawthorn Resources Limited and 30% Gel Resources Pty Ltd), sits approximately 170 kilometers NNE of Kalgoorlie, further underscoring its strategic location amidst several significant mining operations in Western Australia.
The technical details reveal that the existing 2020 MRE comprises 796,000 tonnes graded at 6.1 grams per tonne, representing an estimated 157,000 ounces of gold above a threshold of 3 grams per tonne with a top cut of 45 grams per tonne. Extensive historical drilling using reverse circulation and diamond core methods supports these figures, with modern techniques such as ordinary kriging employed for grade estimation. The mineralisation is characterized by narrow quartz-pyrite veins within a shear-bound alteration zone, demonstrated to be open at depth and along plunge, providing potential for further resource expansion should continuity be confirmed through current drilling.
Market sentiment following the announcement appears mixed. On the bullish side, the commencement of a robust drilling program and the inclusion of an updated, comprehensive resource estimate signal a strategic commitment to de-risking and potentially expanding the mineable resource. This proactive initiative could enhance investor confidence if assay results continue to validate the existing resource model. Conversely, the bearish perspective notes that the success of the drilling program remains uncertain, with inherent exploration risks and potential cost pressures linked to extended drilling and infrastructural challenges. The outcome of the ongoing RC program will be critical in determining the project's near-term viability and long-term resource scale.
Overall, Hawthorn Resources Limited's corrected announcement and subsequent drilling activities underscore a commitment to transparency and resource optimisation, setting the stage for a potentially significant development at the Anglo Saxon gold project.