Hunter Res. Share Discussion Threads

[moreforus] 03/2/2015 15:27

lol going for it again

can buy at 0.78-0.80

[lazygun] 03/2/2015 15:27

so maybe there is news on the DIA process? or perhaps from new community meetings perhaps?

L.

[moreforus] 03/2/2015 14:54

Doc Holiday ‏@DDS_Doc_Holiday 5m5 minutes ago
#HUN news coming out in next 48 hrs market cap tiny! Get ahead of herd..... "

[lazygun] 28/1/2015 18:43

Think the reason for the share price drop is as a consequence of the community meeting that was held on 5th december. This was to gain consensus from all of the local communities around granting access and so on through their land for the drilling and mining programme. The 22nd dec rns stated that although it was a good meeting, no decision was made there, and another is therefore required early in 2015. The results of that would then be passed as supporting evidence to the government department as part of the environmental license aware (the DIA). Without this DIA, the project is going nowhere.

I suspect the share price dropped because it became news that no decision came from that meeting and therefore the DIA process will take longer, and remains "at risk".

However, set against that, the improved terms for the JV seem to be in Hunter's favour as future payments for involvement in the JV are linked to the granting of the DIA. IF it doesn't materialise, Hunter aren't on the hook for further expenditure, and can therefore walk away and look elsewhere.

L.

[ryan83] 13/1/2015 08:53

mike, yep took a hit. Had 1m at 1.15p, sold at an average of 0.9p.

[mikeh30] 12/1/2015 17:17

Ryan - did you take a bit of a hit there? Weren't you holding 1.5mill@ about 1.4p?

[lazygun] 12/1/2015 17:11

knows of no reason for price movement, situation materially unchanged from that reported on 22nd dec.

well - i've took a chance and used it to buy, and so far, I'm now up.

guess we'll see over next few days if there's something else going on....

L.

[ryan83] 12/1/2015 16:26

mike, I got rid the last of mine earlier before it fell.

[mikeh30] 12/1/2015 16:24

Ryan83 - was that you dumping your shares?

[lazygun] 12/1/2015 15:58

Major Tom?

[moreforus] 12/1/2015 15:52

ask Major Tom

[lazygun] 12/1/2015 15:46

50% fall anyone know why?
l.

[ryan83] 16/10/2014 13:39

The mineralisation is also similar to several other deposits including the Arcata gold and silver deposit, which has been mined since 1964, and the Board believes that that deposit has remaining reserves of approximately 55 million ounces of gold and 340,000 ounces of silver.


nice.

[ryan83] 16/10/2014 13:38

The mining at the Pampamali Project between 2002 and 2011 did not target gold mineralisation. The veins were selectively mined to be processed through a remotely located plant optimised for silver and base metal recovery, reportedly losing much of the gold to the tails. The data suggest that the fine grained gold is not locked up with silver or the base metal minerals and may be conducive to processing by gravity methods followed by a flotation circuit for the base metals. Further study of the metallurgical and petrographic characteristics of gold mineralisation has been recommended by Mining Plus to determine the true nature of the gold.

The larger workings and mineralised structures in the concession include the Santo Domingo, Victoria, Luz, Melita, Gaviota and Piscococha veins.

The project does not have a history of modern exploration tools being used other than a short period in the 1990s when Compan ı'a de Minas Buenaventura ("Buenaventura") undertook detailed mapping and chip sampling. There are several targets already available for commencement of drilling, subject only to obtaining the necessary approvals. The Board believes a program of detailed mapping and sampling of exposed veins at the surface and underground, combined with structural geology and other studies would provide additional drill targets and assist with infilling and extending the currently known areas of high grade mineralisation. There is no record of diamond drilling on site which the Directors believe will determine the true width of the zones and provide detailed data at depth, as the existing headings have limited cross cuts and were generally focused on the high sulphide core of the system and not on the gold mineralisation.

Mineralisation is structurally controlled within multiple sub-vertical, outcropping quartz-carbonate veins whose true widths range from 20cm to over 3 metres. These are consistent, planar, penetrative structures containing potentially significant tonnages.

The Board intends to assess the broad alteration zones surrounding the mineralised cores of the veins for additional lower grade gold and silver mineralisation that could be extracted along with small open pit or bulk underground mining. The Directors may also consider exploration for other metals, including tungsten, during future work programs.

The Directors believe terrain/relief may also help in reducing mining costs by allowing several adits to be installed at 100m - 150m vertical intervals to access mineralised zones, which the Board considers could reduce capital costs required for underground development and services as well as operating costs.

While the Board considers the Pampamali Project to be at an early stage of exploration, the Directors also believe that the nature of mineralisation, the readily identifiable host structures and targets already developed makes it likely that the key decision points for the Pampamali Project could be achieved in a relatively short to medium time frame. There are risks to achieving these goals, mostly related to permitting related delays.

4. Exploration & Production

Certain work has previously been undertaken at the Pampamali Project.

Any historic workings were closed by order of the Peruvian Government and the Board believes that it was likely reclamation was completed by Buenaventura.

Buenaventura then completed a systematic study in the mid to late 1990s. Very limited information on this work was available to Mining Plus, but there are verbal reports about it.

The Vendors subsequently developed an adit on the Victoria Vein for small scale production focussing on ore with a high base metals content. Mine production with gold content was either not mined or was treated as waste. A total of 16,166 t of ore was produced in two stages, from June 2002 to May 2003, then from September 2010 to April 2011 showing combined head grades of 2.76 g/t gold, 297 g/t silver, 3.19 per cent. lead and 7.02 per cent. zinc. The treatment comprised flotation for separate lead and zinc concentrates with the gold that was not lost to the tailings reporting mostly to the lead concentrate. No gravity recovery methods were employed.

The ore was trucked approximately 550 km to a plant near Nazca and processed to produce Pb-Ag and Zn- Ag concentrates. Overall production costs including transport to Nazca and toll treatment charges were US$260.34 /t. Recoveries to concentrate were as follows. The poor gold recoveries indicate that the gold is predominantly not associated with the base metal minerals and could therefore be amenable to gravity concentration methods. Recovery percentages were reported to be:

* Pb - 85 to 87 per cent.

* Zn - 78 to 87 per cent.

* Ag - 89 to 92 per cent.

* Au - 19 to 55 per cent..

According to Global Pearl, over 60 per cent. of the gold and 12 per cent. of the silver reported to the flotation tailings was lost. However, the gold recovery to the lead concentrate was skewed upwards by a single ore parcel. For the other ore particles typically over 80 per cent. of the gold went to tails.

Early drill targets have been defined by high gold grades in veins sampled above artisanal and recent workings and the Board expects drilling to commence within six months of Admission to test for high gold grades in particular from outcrops thirty to 200 metres above underground workings. The cross section shown here is for the Gaviota Vein but similar targets exist at other veins.

Subject to Admission, the Company proposes the following stage 1 exploration activities:

* compile a database from previous work, extend mapping and sampling;

* re-establish access to underground artisanal workings;

* commence drill follow up of high grade assay results coincident with surface and underground mapping and sampling;

* define an initial JORC compliant resource in short term to facilitate Scoping Study and follow up with extensional drilling;

* grow resource base; and

* undertake geophysical analysis as required.

In the view of the Directors and the Proposed Director, the Pampamali Project offers low barriers to entry and the mining and processing scenarios should be relatively low cost and should utilise low capex. The Board believes, based on similar deposits in the district, that the metallurgy at the Pampamali Project is likely to be good, allowing processing by gravity and/or flotation methods.

In addition, the Board intends to review other projects in Peru while maintaining focus on the Pampamali Project, targeting stage 1 production in near term.

5. Geology

Regional Geology

The Andes are a Mesozoic-Tertiary orogenic belt of mountains with the Andes uplift resulting from plate tectonic processes caused by the subduction of oceanic crust beneath the South American plate.

The main cause of the rise of the Andes is the compression of the western rim of the South American Plate due to the subduction of the Nazca Plate. This uplift has meant several generations of intrusive activity throughout the Andes and has resulted in a rich metal mineral belt.

Local Geology

* Quaternary Glacial Moraines - Glacial moraines cover a significant portion of the valley bottoms to the west of the properties. The moraines thickness can be up to 100 metres.

* Marsh and Glaciofluvial deposits- common in valley bottoms. Glaciofluvial deposits often obscured by marsh.

* Pucara Group- Grey-blue limestones in moderately thick beds with chert nodules adjacent to the plutonic granodiorite.

* Chahuarma Formation - This formation consists of several units of extrusive volcanics ranging from basaltic andesites to lapilli tuffs and ash tuffs. These Miocene rocks units form caprocks on many of the ridges in the area.

* Mitu Group - Paleogene ash tuffs, conglomerates and lavas.

* Granodiorite - A Cretaceous age granodiorite which comprises the primary lithology on the properties and extends to the east and north. This unit is massive and fractures with regularity. The upper Cretaceous age of the granodiorite emplacement represents the beginning of the compression that has resulted in the Andean uplift.

The Pampamali Project is located within the Julcani mining district and the region has supported numerous silver-base metal mines on various scales since the 1930s. The Julcani mine is located about 25 kilometres from the Pampamali Project. The Julcani silver deposit contains low sulphidation silver plus base metal veins hosted in a younger (Miocene) dacite-rhyodacite volcanic complex. Mineralisation in the Julcani district has been well documented and notably these and other mineral occurrences in the district appear to be Ag dominant and Au poor whereas the Pampamali Project is relatively Au rich and Ag poor. There is a gold-tungsten containing vein system, known as the Tentadora system, at Julcani that the Board intends to review for applicability to the veins at the Pampamali Project, specifically the quartzcarbonate vein selvage. Julcani veins have significant lead and zinc values and weak copper levels.

The mineralisation at Julcani is related to a 10 Ma old volcanic calc-alkaline magmatic system. The Chahuarma Formation at the Pampamali Project has a similar age, possibly a bit younger, and a description similar to the mineralising magmatic system at Julcani.

The mineralisation is also similar to several other deposits including the Arcata gold and silver deposit, which has been mined since 1964, and the Board believes that that deposit has remaining reserves of approximately 55 million ounces of gold and 340,000 ounces of silver.

Property Geology

The dominant lithology in the project area is a plutonic granodiorite of Cretaceous age. Instituto Geologico Minero Metalurgico has mapped a unit of conglomerates and lavas where the Melita and Victoria veins are, but field observations indicate otherwise.

[ryan83] 05/10/2014 16:47

a good read

[ryan83] 01/10/2014 11:15

Cash Position

30 June £373k

July raised £925k at 1.5p

= £1.3m cash approx

Market cap = £2m

Look at those grades!!

Permit, drilling targets and drilling to be commence very soon. Get in early imo

[ryan83] 30/9/2014 11:22

This one is a little gem. Grades look pretty dam good to me and work program to begin this calendar year.


Progress

As announced on 27 August 2014, Hunter has, since Re-admission, reviewed and analysed historical exploration work on the Pampamali Project carried out by Buenaventura, Peru's largest listed mining company. The Buenaventura Data comprises extensive and detailed mapping and sampling information from mineralised veins within the project concessions which include grades up to 70 g/t Au, 2377 g/t Ag, 44.9% Pb, and 28.9% Zn. The analyses were obtained from rock chip and channel samples from both surface and underground locations. This data has been incorporated into the Group's database and has further confirmed the significant potential of the Pampamali Project.

The data supports the presence of extensive gold, silver, lead and zinc mineralisation within the veins identified by Gold Hunter's initial reconaissance sampling. As immediate targets, sections of between 90m and 350m strike length in several veins (Victoria, Luz, Gaviota and Santa Domingo) have been prioritised for follow up in the next phase of exploration; another 515m long section in the Melita vein will be targeted as soon as access becomes available. Other veins are also mineralised and will be the subject of future exploration. Summary details on the veins which are initially being targeted were:

Victoria vein 500 m mineralised vein exposed of which a 250m section averages 4.42 g/t Au, 100 g/t Ag, 8.8% Pb and 28.9% Zn.

Luz vein 470 m mineralised vein exposed of which a 200m section averages 8.84 g/t Au, 97 g/t Ag, 0.39% Pb and 4.16% Zn.

Gaviota vein 1,250 m mineralised vein exposed of which a 90m section averages 7.93 g/t Au, 138 g/t Ag, 0.57% Pb and 0.41% Zn.

Santa Domingo vein 2,000 m mineralised vein exposed of which a 350m section averages 0.56 g/t Au, 38 g/t Ag, 30.8% Pb and 10.1% Zn.

Melita vein 515 m mineralised vein exposed of which a 70m section averages 2.63 g/t Au, 166 g/t Ag, 3.20% Pb and 4.90% Zn.

Current Exploration Programme

The Phase 1 Exploration programme has commenced and is focused on both (1) following up historical results and known vein targets, and (2) identifying new targets and concepts in previously unworked portions of the property.

The Buenaventura Data has identified and highlighted numerous mineralised veins and is being used to fast track planning of Gold Hunter's 2014 sampling and drilling campaigns. The Group's exploration team is now planning more detailed mapping from surface and underground combined with satellite and airphoto interpretation. This work will allow drill targets to be defined during the 2014 calendar year.

The Group is concurrently preparing the statutory agreements and proposals to obtain drilling approvals to commence drilling as soon as possible during the current financial year.
A large number of additional mineralised veins have also been identified from the mapping of the property by Gold Hunter that were not sampled by Buenaventura. These areas will be further mapped and sampled during the upcoming field program.

[topinfo] 29/9/2014 13:56

Lol if you had taken notice of that idiot Topinfo you would have done 500% in 30 mins on AYM, I did say at 2.4p and it hit 13p in less than one hour but like you say hes an idiot and dont listen to him LMFAO.

30 mins in AYM or 250 years in a bank hmmmmm let me think.

What is it you have ever tipped like that eh ?

[donsan] 29/9/2014 12:52

Thanks for the warning mak, but no-one takes any notice of the idiot from the Topinfo thread, the one who post endless drivel 24/7

el Don