SOURCE: Hunt Gold Corporation

December 15, 2008 09:28 ET

Hunt Gold Corporation -- Drilling Update

Company Completes Its Second Drill Hole, Commencing on Further Drill Holes Today

NEW YORK, NY--(Marketwire - December 15, 2008) - Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed today that it has completed its second drill hole at its "Mockingbird" Gold project in Arizona. The drill hole was located at the Great West Gold Mine a few hundred yards uphill from the first drill hole at the Pocahontas Mine.

Almost from the beginning of the hole, the core exhibited spider web stock work fracturing with intense iron oxide staining. At 73 feet of depth argillic alteration was encountered. The strongest zone of mineralization was from 83 feet to 100 feet. Alteration continued to a depth of 113 feet, and there was spider web iron-stained fracturing, on and off, until the hole was terminated at a depth of 154 feet.

Given the potential for disseminated gold mineralization, core from intervals throughout the hole will be submitted for assay, not just core from the visibly altered and mineralized zones. The assay work will be done by Jacobs Assay of Tucson, Arizona by an assayer registered with the State of Arizona Board of Technical Registration.

Jacobs Assay specializes in fire assay, precious metal analysis, geochemical analysis, inductively coupled plasma emission spectrometry (ICP) and preliminary metallurgical testing.

The third hole of this drilling campaign will be drilled starting Monday December 15, 2008 from the same drill pad at the Great West Mine from which the second hole was drilled. However, the angle will be steepened to 80 degrees from 65 degrees in order to intercept the Great West gold vein at greater depth. The Company's Senior Project geologist Ed Huskinson expects to intercept the mineralized zone for the next hole at 107 feet of depth.

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 in January of 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.

Contact Information

  • For further information contact:

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