Hunt Gold Corporation - Update on Drilling
December 11 2008 - 9:56AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) announces that it is off
to a quick start on the drilling at its Mockingbird Gold Mining
Project in Arizona.
The first borehole was collared at the Pocahontas Mine on
Wednesday morning, December 10, 2008. Bedrock was reached at
approximately 20 feet and, as of 8pm EST, a depth of 87 feet had
been reached, all in preCambrian lower-plate gneiss. The rock so
far has been foliated and fractured. The hole is being drilled at a
50 degree angle. The gold-bearing vein dips at a 62 degree angle,
and Project Geologist Ed Huskinson predicts that drill contact will
be made with the vein at about 110 feet depth, although perhaps as
much as 185 feet if the angle of the vein changes with depth.
Hunt Gold Corporation, CEO Mike Saner, stated, "Hunt Gold
Corporation is encouraged with the rapid progress during its first
day of drilling at Mockingbird. At this rate, the initial drill
campaign should be completed by Christmas, and the Company should
begin to receive the assay results during January of 2009."
Video was taken throughout the day, and will be posted on the
Company's website once operational next week.
Pads have already been completed for the next four holes, at the
Great West Mine, which is located uphill from the Pocahontas Mine.
The drill rig will be moved to the Great West Mine once drilling is
completed at the Pocahontas Mine.
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 in January of 2009.
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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