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HGLC Hunt Gold Corporation (CE)

0.000001
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hunt Gold Corporation (CE) USOTC:HGLC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.000001 0.000001 0.000001 3,300 00:00:00

Hunt Gold Corporation -- Further Acquisitions Completed

11/03/2009 12:00pm

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Hunt Gold (CE) (USOTC:HGLC)
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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

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