SOURCE: Hunt Gold Corporation

December 11, 2008 09:56 ET

Hunt Gold Corporation - Update on Drilling

Company Off to a Quick Start on Its Initial Drilling at Its Mockingbird Gold Project

NEW YORK, NY--(Marketwire - December 11, 2008) - Hunt Gold Corporation (PINKSHEETS: HGLC) announces that it is off to a quick start on the drilling at its Mockingbird Gold Mining Project in Arizona.

The first borehole was collared at the Pocahontas Mine on Wednesday morning, December 10, 2008. Bedrock was reached at approximately 20 feet and, as of 8pm EST, a depth of 87 feet had been reached, all in preCambrian lower-plate gneiss. The rock so far has been foliated and fractured. The hole is being drilled at a 50 degree angle. The gold-bearing vein dips at a 62 degree angle, and Project Geologist Ed Huskinson predicts that drill contact will be made with the vein at about 110 feet depth, although perhaps as much as 185 feet if the angle of the vein changes with depth.

Hunt Gold Corporation, CEO Mike Saner, stated, "Hunt Gold Corporation is encouraged with the rapid progress during its first day of drilling at Mockingbird. At this rate, the initial drill campaign should be completed by Christmas, and the Company should begin to receive the assay results during January of 2009."

Video was taken throughout the day, and will be posted on the Company's website once operational next week.

Pads have already been completed for the next four holes, at the Great West Mine, which is located uphill from the Pocahontas Mine. The drill rig will be moved to the Great West Mine once drilling is completed at the Pocahontas Mine.

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