Hunt Gold Corporation -- Awarding of Drilling Contracts
November 05 2008 - 12:01PM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it will be
awarding the initial drilling contracts during the course of next
week. The Company will be announcing the full details and the scope
of the drilling contracts awarded.
The drill core produced by the driller, once logged and then
split by the Project Geologists, is immediately sent to an
independent Assay Laboratory. These detailed Assay results will be
released to our stockholders on a weekly basis. These Assay Reports
to our stockholders will commence in December of 2008.
The Company confirms that it will initially be drilling on
portions of its "Mockingbird" Gold Mining property in Arizona. The
Company has targeted and located drill sites for 7 to 8 drill holes
at the "Great West," "Pocahontas" and "Dandy" mines which form part
of the "Mockingbird" Gold Mining property. Geochemical and
Geophysical work is being overseen at these sites at this time to
assist in the identification of the drill targets. The Company will
be in a position to file for its drilling permits early next week.
It is envisaged that we intend to commence with 1,000 feet of core
drilling at this time.
These drill sites are not located on State Land and permits are
only required from the BLM. These permits will be filed next week.
The BLM permits are not expected to take more than 15 days to
obtain the necessary approvals.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company
focused on the development and exploration of its Gold properties,
namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone
Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American
Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red
Cloud" and "Federal." The Company has completed the sale of its
"American Molygold" interests and will be distributing the entire
sale proceeds through a Stock Dividend to its stockholders, this to
be announced shortly.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a companies' annual report on Form 10-K or 10-KSB and
other filings made by such company with the SEC.
For further information contact: Hunt Gold Corporation E Mail:
Email Contact Telephone: (954) 840-6956 Contact: Mr. Michael G
Saner
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