Hunt Gold Corporation -- Drilling Updates
12 Enero 2009 - 8:36AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed the collaring of
the sixth drill hole in the current campaign at its Mockingbird
Gold Project in Arizona. As of 5pm on Sunday, January 11, 2009 the
drill hole was 57 feet deep and was in Precambrian gneiss.
The 6th drill hole is located at the Dandy Gold Mine with an
azimuth of 160 degrees (S 20 degrees E) and an angle of -50
degrees. It is expected to encounter the altered and mineralized
zone at 100 to 120 feet, if the dip holds true to the 65 degree dip
observed at the surface and in the Dandy Glory Hole. The bore hole
will test for gold mineralization 100 feet down dip from the
surface outcrop of the vein.
According to the historic mining literature, a blind vein
containing high grade gold ore was discovered by a crosscut during
past mining. The current drill hole is designed to test for the
blind vein in both the hanging wall and in the footwall and will
likely be continued to a depth of 180 feet (directly below the
historic workings) for this reason.
Upon completion of this hole, the drill rig will be moved
forward and a parallel seventh hole will be drilled at the same
angle and target, with the intention to intersect the mineralized
zone 50 feet down dip from the 6th drill hole. This will test for
continuity of mineralization along dip. The seventh drill hole will
be the final hole of this first drill campaign.
The Company's Project Geologist, Ed Huskinson, while awaiting
assay results from the current drill campaign, will now work on the
completion of the geochemical work on the portion of the
Mockingbird Gold claim block that was formerly explored by
Anaconda, in order to generate additional drill targets for the
next drill campaign in February of 2009.
Geological reconnaissance by Hunt Gold Corporation of the former
Anaconda claims has already revealed extensive copper oxide
mineralization at numerous locations, which in Arizona is
frequently associated with gold mineralization. Completing the
geochemical grid will enable the company to choose its next drill
targets in a disciplined manner. Encouraging results from the
current drill campaign would also generate additional targets for
step out and infill drilling during the next drill campaign.
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
Hunt Gold (CE) (USOTC:HGLC)
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