Hunt Gold Corporation -- Completion of First Drill Hole
December 12 2008 - 9:40AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) Hunt Gold announces that
it completed its first drill hole at the Mockingbird Gold Mining
Project in Arizona.
The hole, located at the Pocahontas Mine, encountered alteration
at a depth of 100 feet and entered the ore zone at 103 feet.
Crumbled quartz veining and stock work were encountered from 107.5
feet to 110 feet, followed by a 3 foot interval of silicic stock
work footwall from 110 feet to 113 feet.
Drilling was continued to a depth of 150 feet in anticipation of
finding a footwall split. Instead, 37 feet of metasediment was
found with a hematitic overprint and vuggy quartz veinlets. This
was a first for the property, as the Precambrian lower plate is
typically gneissic rather than sedimentary. Accordingly, the
Company plans to assay core from a depth of 97 feet to the
termination depth of 150 feet.
Hunt Gold Corporation CEO, Mike Saner stated, "We are very
pleased with our growing understanding of the structure of gold
mineralization at our 'Mockingbird' Gold Mining Project. The
Company's Project Geologist Ed Huskinson had expected to encounter
the ore zone at a depth of 110 feet; and the heart of the vein was
found between 107.5 feet and 110 feet. You can't get much closer
than that."
The drill rig was moved to the upper drill pad at the nearby
Great West Mine on Thursday, December 11, 2008 in the afternoon,
where the second drill hole was collared this morning, Friday,
December 12, 2008."
Pads have already been completed for the next four drill holes,
at the Great West Mine, which is located uphill from 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: Mr. Michael G Saner Hunt Gold
Corporation E Mail: Email Contact Telephone: (954) 840-6956
Hunt Gold (CE) (USOTC:HGLC)
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