Hunt Gold Corporation -- Company Completes Acquisition of Entire Lode Claim Block
January 21 2009 - 7:00AM
Marketwired
Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has
acquired an additional 56 lode mining claims (approximately 1,120
acres) at its "Mockingbird" Gold Project in Arizona.
The Company's CEO Mike Saner stated, "We have added over an
additional 2 1/2 square miles of lode mining claims this month to
our flagship gold exploration project. These additional mining
claims greatly enhance the Company's land position, and, most
important, complete the addition of the former Anaconda claim
block."
Anaconda was the previous owner of the Company's "Mockingbird"
Gold property. Its exploration work discovered anomalous gold
throughout a two square mile area. Based on this work, Anaconda
estimated the property's potential at 1,000,000+ ounces of
gold.
Past gold mining at Mockingbird has been concentrated at four
mines located in the lower plate of the Mockingbird Detachment
Fault. Based on Anaconda's geochemical and seismic work, it is
likely that the gold mineralization continues under the Mockingbird
Detachment Fault as buried gold deposits. The 56 new lode claims
cover the upper plate of this fault in the likely areas for
continuation of the gold mineralization. As previously announced by
Hunt Gold, a geochemical grid will be laid out over this area in
the immediate future to identify drill targets for the next drill
campaign which is planned to begin in late February, 2009.
The additional lode mining claims also cover some possible drill
targets that were discovered during Hunt Gold's recent drilling at
the property, most notably the Rico shafts located in the north
central part of Section 26. Mineralization at Rico closely
resembles that found at the Mockingbird Mine to the north, which
was the largest past producer of gold at the property."
Hunt Gold Corporation announced additional lode claim purchases
on January 15, 2009; these being an additional 26 lode mining
claims had been acquired at its "Mockingbird" Gold property in
Arizona.
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" 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. The
Company has entered into an Agreement to dispose of its of its
"Lookout Silver" Mining Interests on February 2, 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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