SOURCE: Hunt Gold Corporation

November 25, 2008 08:51 ET

Hunt Gold Corporation - Commencement of Initial Drilling

Company to File Drilling Permits to Commence With Its Initial Drilling on December 6, 2008

NEW YORK, NY--(Marketwire - November 25, 2008) - Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that the Company filed a Notice of Intent on Friday, November 21, 2008 to drill at its "Mockingbird" Gold Project in Mohave County, Arizona.

The filing was submitted to the United States Department of the Interior, Bureau of Land Management (BLM) pursuant to Title 43, Section 3809 of the United States Code of Federal Regulations. The Company will be permitted to start drilling on December 6, 2008 (that being fifteen days after the date of filing) upon the posting of a reclamation bond with the BLM.

Past work by the Company and by others have identified high grade gold in quartz veins in the vicinity of the Great West, Dandy and Pocahontas Mines, which are in the southern portion of the company's "Mockingbird" Gold Project claim block. The Company will test these targets with a 1,200 foot program of core drilling.

The following seven proposed drill holes were included in the Notice of Intent:

Pocahontas Mine:   - Drill hole #P-08-1 - 150 feet - To be drilled S 80W
                     at -70 degrees.

Great West Mine:   - Drill hole #GW-08-1 - 150 feet - To be drilled SSW
                     at -70 degrees.

                   - Drill hole #GW-08-2 - 180 feet - Hole will collar
                     beside GW-08-1; steepen to -80 degrees for down-dip
                     mineralization.

                   - Drill hole #GW-08-3 - 150 feet - Hole will collar on
                     roadside,; to be drilled at -60 degrees to test lower
                     part of vein.

                   - Drill hole #GW-08-4 - 220 feet - Hole will collar on
                     roadside, 120 feet below the GW-08-3 collar. It will
                     be drilled at -60 degrees, same azimuth (165) to test
                     down-dip.

Dandy Mine:        - Drill hole # D-08-1 - 180 feet - Hole will collar at
                     roadside, approximately 110 feet below the mine
                     workings, and will be drilled at azimuth 160 and at
                     -50 degrees.

                   - Drill hole # D-08-2 - 170 feet - Will collar beside
                     road approximately 150 feet north of D-08-1,
                     azimuth 160, -50 degrees.

As previously announced, the drilling will be done by Tonatec using a Boart Longyear LF-70 core drill. Drilling will be supervised by Ed Huskinson, the Company's Project Geologist and by Jack Light, the Company's Senior Geologist.

The Company's "Mockingbird" Gold Project, consisting of approximately 2,500 acres, is located in Mohave County, Arizona. It is about midway between Las Vegas, Nevada and Kingman, Arizona. It includes 4 past producing gold mines (Mockingbird, Great West, Dandy and Pocahontas Mines). Past work by Anaconda identified the property as having potential for a million plus ounce gold resource. The present drilling program is intended to confirm the gold mineralization previously identified by surface sampling, and begin to build a proven or probable gold resource.

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," "Lookout Silver," "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 shortly.

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.

Contact Information

  • For further information contact:

    Hunt Gold Corporation
    E Mail: Email Contact
    Telephone: (954) 840-6956
    Contact: Mr. Michael G. Saner