Huntington Announces Increase in Land Holdings – Golden Sidewalk Target Area – Red Lake Gold District – Ontario
March 16 2021 - 4:30PM
Huntington Exploration Inc. (
TSX.V:
HEI) (the “
Company” or
“
Huntington”) announced today it has added to the
Company’s Birch-Uchi Project land holdings in the Red Lake Gold
District through an arm’s length mineral property acquisition (the
“Acquisition”). Aggregate land holdings have been increased by 184
claims or 3,855 square kilometers to a total of 11,280 square
kilometers.
ACQUISITION TERMS
Huntington has acquired by way of a mineral
property acquisition agreement with an arm’s length third party in
exchange for a cash payment of $10,520 for recording costs and
nominal expenses only, with no issuance of common shares or
royalties.
THE PROPERTY HIGHLIGHTS
These additional claims cover favorable geology
and some known mineral showings surrounding the companies
Birch-Uchi Property announced on January 15, 2021, which is located
midway between Red Lake and the Springpole Gold Project
approximately 80 kilometers to the northeast. Huntington’s claims
are contiguous with Great Bear Resources’ Red Lake North project
and Prosper Gold Corp’s Golden Sidewalk project.
The Golden Sidewalk project hosts a 3,300 meter
by 500 meter undrilled gold-in-till anomaly identified by 10 to 882
pristine gold grains per sample. (Prosper Gold Corp news release
dated December 1, 2020) paralleling a regional geological
unconformity which arcs across the Proper property and trends
southward onto Huntington’s Keyhole block of claims.
The southern extension of the unconformity
trends through Huntington’s Keyhole block for approximately 2.5 km
of strike length. The Ontario Ministry of Natural Resources has
recorded the location of historic gold showings on the Keyhole
claims and throughout the expanded Huntington entire property (29
in total) all of which have only minimal past exploration.
Safety – COVID Protocols
Currently, the Company has no known cases of
COVID-19 at its offices and is not aware of any direct contacts of
office staff or contractors with persons that have tested positive
for COVID-19. Even though COVID-19 currently has no direct impact
on current operations, there potentially could be disruptions for
future work plans due to the direct or indirect restrictions and
guidelines mandated by the regional public health authorities.
ON BEHALF OF THE BOARD OF HUNTINGTON
EXPLORATION“Christopher Brown, P.Eng”Interim President &
CEOhuntington@helioscorp.ca Note: Website development is ongoing
with expected release in mid-2021.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information:
This news release contains “forward-looking information” within the
meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, included
herein are forward-looking information. Generally, forward-looking
information may be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”,
“proposed”, “is expected”, “budgets”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. In
particular, this news release contains forward-looking information
regarding: the Acquisition and the business of Huntington. There
can be no assurance that such forward-looking information will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such forward-looking
information. This forward-looking information reflects Huntington’s
current beliefs and is based on information currently available to
Huntington and on assumptions Huntington believes are reasonable.
These assumptions include, but are not limited to: market
acceptance and approvals. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Huntington to be materially different from those
expressed or implied by such forward-looking information. Such
risks and other factors may include, but are not limited to:
general business, economic, competitive, political and social
uncertainties; general capital market conditions and market prices
for securities; delay or failure to receive board or regulatory
approvals; the actual results of future operations; competition;
changes in legislation, including environmental legislation,
affecting Huntington; the timing and availability of external
financing on acceptable terms; and lack of qualified, skilled
labour or loss of key individuals. A description of additional
assumptions used to develop such forward-looking information and a
description of additional risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Huntington’s disclosure documents on the SEDAR website
at www.sedar.com. Although Huntington has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Readers are cautioned that the
foregoing list of factors is not exhaustive. Readers are further
cautioned not to place undue reliance on forward-looking
information as there can be no assurance that the plans, intentions
or expectations upon which they are placed will occur.
Forward-looking information contained in this news release is
expressly qualified by this cautionary statement. The
forward-looking information contained in this news release
represents the expectations of Huntington as of the date of this
news release and, accordingly, is subject to change after such
date. However, Huntington expressly disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities law.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/27f3767a-9fd3-46e2-a2df-aff7c848a808
https://www.globenewswire.com/NewsRoom/AttachmentNg/05389b20-bf77-4c39-be70-73747d1c82cf
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