Hunt Gold Corporation -- Further Acquisitions Completed
March 11 2009 - 8:00AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) has completed the
acquisition of the final 800 acres that had to be staked connecting
its "Mockingbird" Gold Project claim block to its "Gold Hill"
property.
The new claims are centered on Mt. Perkins, an extinct
stratovolcano located south of the Company's "Mockingbird" Gold
Mine. Mt. Perkins was active during Miocene time, roughly from 18
million to 12 million years ago. This is contemporaneous with the
detachment faulting that is associated with the "Mockingbird" Gold
deposits. Gold mineralization may also be related to volcanism, as
several of the Company's mines (including the "Mockingbird," "Great
West" and "Dandy" Gold Mines) are spatially associated with
volcanic dikes.
Previous reconnaissance at Mt. Perkins has revealed widespread
hematitic alteration and red quartz in outcrop similar to the
quartz that has hosted the highest gold values in previous sampling
at both of the Company's "Dandy" and the "Great West" Gold
Mines.
This brings the "Mockingbird" Gold Project land position to
approximately 5,600 acres and Hunt Gold Corporation's total land
position to over 13,500 acres.
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," "Williamson," "Blue Copper Mine,"
"Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry,"
"Buffalo Limecap," "Red Cloud," "Federal" and "Van Deeman." 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. The Company has disposed of its
"Lookout" Silver Projects and has retained an amount of US$65
million in quoted stock from that disposal.
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 company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the SEC.
For further information contact: MDM Worldwide Solutions, Inc.
(Investor Relations Enquiries) E Mail : Email Contact Telephone :
(646) 961-4458 Contact : Richard Hausig Hunt Gold Corporation
(Corporate Enquiries) E Mail: Email Contact Telephone: (954)
840-6956 Contact: Mr. Michael G Saner
Hunt Gold (CE) (USOTC:HGLC)
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