QualityStocks would like to highlight Hunt Gold Corp. (PINKSHEETS: HGLC). The company 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."
In the company’s news Friday,
Hunt Gold Corp. announced that its first drill hole at the Mockingbird Gold Mining Project in Arizona has been completed. The hole encountered alteration at 100 feet deep and entered the ore zone at 103 feet. According to the press release, crumbled quartz veining and stock work were encountered from 107.5 feet to 110 feet, followed by a 3 foot interval of silicic stock work footwall from 110 feet to 113 feet.
The company continued to drill to a depth of 150 feet in hope of finding a footwall split. Instead, 37 feet of metasediment was found with a hematitic overprint and vuggy quartz veinlets. This was a first for the property, as the Precambrian lower plate is normally gneissic rather than sedimentary. Hunt Gold intends to assay core from a depth of 97 feet to the termination depth of 150 feet.
Hunt Gold Corporation CEO Mike Saner commented, “We are very pleased with our growing understanding of the structure of gold mineralization at our ‘Mockingbird’ Gold Mining Project. The Company’s Project Geologist Ed Huskinson had expected to encounter the ore zone at a depth of 110 feet; and the heart of the vein was found between 107.5 feet and 110 feet. You can’t get much closer than that.”
In the press release, the company also told investors that the drill rig was moved to the upper drill pad at the nearby Great West Mine Thursday afternoon. The second drill hole was collared Friday, December 12, 2008. Pads have already been completed for the next four drill holes, at the Great West Mine, which is positioned uphill from the Pocahontas Mine.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
