Hunt Gold Corporation -- Expedited Drilling
18 December 2008 - 4:09AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed today the
completion of its third and fourth drill holes at its "Mockingbird"
Gold Project in Arizona.
The third hole was drilled from the same drill pad at the Great
West Gold Mine, but the angle of the drill was steepened from 65
degrees to 80 degrees to test continuity of gold mineralization
down dip from the previous hole. The altered and brecciated zone
was encountered from 71 to 87.5 feet, which was before the 107'
distance at which mineralization was expected. This is suggestive
of listric faulting, which is an expected characteristic of
detachment terranes. The hole was terminated at 144 feet.
The third hole was collared downhill from the second hole,
approximately 80 feet west of the Great West shaft. It was drilled
at an angle of 68.5 degrees. This hole encountered two altered and
brecciated zones, from 50 feet to 64 feet and from 70 feet to 90
feet. This hole was terminated at 154 feet.
The drill rig has been moved to the site for the fifth hole,
which is further downhill along the strike of the Great West
vein.
There are now two drill crews working around the clock, and a
second water truck has been obtained to expedite drilling. Because
of the rapid drilling pace it has not yet been possible to do
detailed logging of the drill core.
Hunt Gold Corporation's CEO Mike Saner stated, "We are greatly
encouraged that the drilling program is continuing on schedule and
that each drill hole so far appears to be finding the target
mineralized zone."
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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