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 Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK) Joint Venture Company Purchases an Additional 800 Million Shares
Moments ago, Hunt Gold Corp. announced that its Joint Venture Company, a partnership between Hunt Gold and a Mining Fund to acquire shares of HGLC, acquired another 800,000,000 “free trading” shares of the company’s common stock from another Seller yesterday at a price of $0.000075 per share. That seller is no longer offering the shares in the market.
Total purchases to date by the Joint Venture Company now total to 2,603,863,000 shares of “free trading” common stock. All purchases by the Joint Venture Company were transacted “off market” to eliminate brokerage costs and avoid distortion of trading volumes. The purchases to date have been settled in cash.
Hunt Gold management emphasized that the seller was being forced to dispose of these shares due to financial pressures beyond the seller’s control and was made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
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Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK) Valuation Soars as Gold and Silver Prices Ascend
With Gold prices now close to $1,000 an ounce, Hunt Gold Corp.’s gold mining properties are substantially increasing in value. In fact, Jeffrey Nichol, head of American Precious Metals Advisors, claimed yesterday that Gold Prices could rise higher than $2,500 per ounce in the future.
Hunt Gold also retains interest in Silver Mining through its stockholding in a Silver Company. Silver has also done extremely well the past few months, rising from $8.40 an ounce to more than $14 an ounce. The company’s valuation will continue to rise as precious metal prices benefit from investors’ demand for “safe haven” investments.
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Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK) Initial Assay Reports Prove Gold Reserves
Today before the opening bell, Hunt Gold Corp. announced assay results from the first five drill holes of its first recently completed drill campaign at the “Mockingbird” Gold Project in Arizona. The assay work was done by Jacobs Assay of Tucson, Arizona.
The company reported the following:
- All of the first five drill holes encountered Gold Mineralization.
- Management considers these Assay initial results to be solid and positive but is of the opinion that the Assay Results from the remaining three drill holes to be of a far higher grade and Jacobs Assay has elected to place the assays for the other 3 drill holes in “EXCEPT” meaning that 3 or 4 intervals in the “ore zone” are listed as “pending.” Management is of the opinion that Jacobs Assays has higher gold values for these intervals, and to that end, they are re-running the tests to ensure that these higher grade Assay Results are as expected by Hunt Gold’s Management Team. These additional Assay Results will be announced shortly.
- Based upon proven historical geological and drilling, Assay Results and data supported by the current ongoing exploration work at the Company’s “Mockingbird” Gold Property, Management is of the opinion the new extensive drilling and exploration campaign will yield considerably higher grades than detailed in this announcement and considers this substantial investment to be justified.
- Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced today. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.
- New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.
- An additional 320 acres of mining claims have been staked this week, bringing the Company’s “Mockingbird” Gold Project claims to almost 3,000 acres.
According to the press release, all five drill holes encountered gold mineralization. Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered particularly encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton.
Hunt Gold Corporation’s CEO, Michael G Saner commented, “We are very pleased that the initial drill results confirm the Company’s view that its ‘Mockingbird’ Gold Property is a gold bearing system. Furthermore, the potential gold ore is in the zones predicted by the Company’s geologists, which means that we are gaining an understanding of the gold mineralization at what is at present our flagship Gold Property.”
He added, “I am proud of all of the extensive, intensive and methodical work being done by the entire team to prepare for this second and hugely extensive drilling campaign. This is a big property, with dozens of mineralized outcrops, and we intend to drill in all of the right places for all of the right reasons.”
The company’s next round of drilling will be targeted on the vicinity of the low-angle Mockingbird Detachment Fault, which is a sub-horizontal interface between the older Precambrian rocks and the younger overlying upper plate Tertiary volcanic rocks. This zone was mined at the Mockingbird Mine itself and hosted a majority of the Mockingbird District’s historic production of 15,000 ounces of gold.
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Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK) Continues Stock Purchase Campaign
Hunt Gold Corp. announced today that its Joint Venture Company, formed to acquire HGLC shares as a short to medium term investment, acquired an additional 425 million shares at a price of $0.0001. Total purchases to date by the Joint Venture Company now total to 3,028,863,000 shares.
Joint Venture Company’s purchases have substantially reduced the total of Common Stock being offered in the market. The Joint Venture Company and the Company’s Management currently believe that they won’t be unable to purchase additional shares in “off the market” transactions since they have been unable to attract any further Sellers at these prices.
Further purchases of the company’s shares by the Joint Venture Company will be affected in the market once Hunt Gold’s website is launched. The company believes today’s earlier news announcing Assay results will “undoubtedly cause the Company’s stock price to higher price levels in a short period of time.”
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Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK) Reports Remainder of the Highly Successful Assay Results
Yesterday, Hunt Gold Corp. released additional details of the assay results concerning the first five drill holes of the recently completed drill campaign at the company’s “Mockingbird” Gold Project in Arizona. The company reported the following:
– All of the first eight drill holes encountered Gold Mineralization. Eighth Drill Hole encountered High Grade Gold. The Assay Results have matched and in fact beaten, the Company’s Management expectations.
– Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced yesterday. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.
– New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.
– An additional 320 acres of mining claims have been staked this week, bringing the company’s “Mockingbird” Gold Project claims to almost 3,000 acres.
Hunt Gold Corporation’s CEO, Michael G Saner, commented that he is “delighted with the success of the Company’s initial campaign and the Assay Results published [Monday] and [yesterday]; which clearly prove that the Company’s ‘Mockingbird’ Gold Property is extremely viable. The new extensive drilling campaign will now prove up significant additional Gold reserves. In short, the Company’s Management is absolutely delighted with these initial results.”
Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered especially encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton. According to the press release, open pit gold mines in the Arizona / California / Nevada region have profitably mined gold that assayed as low as .02 ounces per ton. However, the company noted that establishment of the cutoff grade for mining at Mockingbird will need to await preparation of the feasibility study, which will require several more rounds of drilling.
As announced previously, the Company is well underway in establishing a geochemical control grid at the property. More than 50 rock chip samples have been taken so far from numerous historic workings throughout the four plus square mile property. Upon completion of this work, the anomalous values for gold, silver and copper (a pathfinder element at the company’s “Mockingbird” Gold Property) will be mapped, contoured and used to select drill sites for the next drill campaign.
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Re: Hunt Gold Corp. - HGLC
Hunt Gold Corp. (HGLC.PK): Joint Venture Company Continues to Acquire Additional Shares
Hunt Gold Corp. announced that the Joint Venture Company formed in a 50/50 partnership with a Mining Fund has acquired an additional 375 million shares. Total purchases to date by the Joint Venture Company now total to 3,403,863,000 shares at an average price paid per share of $0.0001.
Although the Joint Venture Company has been acquiring these shares in “off the market” transactions, both the JV and Hunt Gold realize that it is highly unlikely that they will be able to continue doing so because they haven’t been able to attract any further sellers at the prices they are offering.
Hunt Gold management emphasized that the sellers who sold their shares to the JV were forced to dispose of these shares due to financial pressures beyond the sellers’ control and were made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
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 Frustrated and confused about Hunt Gold Inc.
 Can you give me an up date on Hunt Gold Inc.? I still am holding shares and am not sure what to do? please call me...503- 282- 4295 or e-mail me at bearclawz2004@yahoo.com Thanks, Eric C.
 Originally Posted by QualityStocks
Hunt Gold Corp. (HGLC.PK): Joint Venture Company Continues to Acquire Additional Shares
Hunt Gold Corp. announced that the Joint Venture Company formed in a 50/50 partnership with a Mining Fund has acquired an additional 375 million shares. Total purchases to date by the Joint Venture Company now total to 3,403,863,000 shares at an average price paid per share of $0.0001.
Although the Joint Venture Company has been acquiring these shares in “off the market” transactions, both the JV and Hunt Gold realize that it is highly unlikely that they will be able to continue doing so because they haven’t been able to attract any further sellers at the prices they are offering.
Hunt Gold management emphasized that the sellers who sold their shares to the JV were forced to dispose of these shares due to financial pressures beyond the sellers’ control and were made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
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eaglesquest
I've been trying to find any up-dated info. on Hunt Gold Inc. Every number, address, or info. that I've tried turns out to be non existant. Unfortunantly, I still hold shares and want to know whats going on with this company! If anyone knows anything or can help me locate a number that can actually connect me to Hunt Gold Inc. please call me at 503-282-4295 or e-mail me at bearclawz2004@yahoo.com They just disapeared like stinky smoke and took my money with them! Pissed off in Portland, OR...Thank you, Eric C.
Originally Posted by ifuwish2
what i can not understand is why they have not started mining yet? can you tell me why? i try to write them but never get an answer,if they have all this gold in the ground why not get it out,,it is worthless in the ground? SO PLEASE TELL ME WHY THEY DO NOT START MINING? answer this
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