HGLC Hunt Gold Corp. - HGLC

kbii · #1 (**permalink**) 11-09-2008, 01:21 PM

Hunt Gold Corporation -- Company to Commence Stock Purchases

Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.

The Company is now in a position to confirm that it will commence these purchases early next week as the necessary arrangements have been made with Brokers to purchase these shares for and on behalf of the Company.

The Company is confident that it will be in a position to accumulate fairly substantial amounts of stock at the current very low price levels as it appears that there are significant sellers or "weak holders" at these price levels, based upon our observations of this week's trading patterns in the market.

The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only; once purchased, they will be held in Treasury and will not be cancelled.

The Company intends to sell these shares in the market in due course and at what Management believes will be at a substantial profit, and only at such time as the Company's stock price corrects itself to reasonable and accurate prices.

The Company will account for these profits as an Extraordinary Item in its Financial Statements.

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.

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

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Just wondering if anyone thought that with the stock buyback they can pull themselves out of the ditch ffgo seems to have put them into? Im looking to possibly take a position in here at .0003 .0004 range. Last 4 days have have great volume but it looks to me like FFGO is selling off faster than the price can be pushed back up. Curious how many shares they still retain. Any feedback is welcome.

jav992 · #2 (**permalink**) 11-14-2008, 11:34 AM

Hunt Gold Corporation -- Company Forms JV to Commence Stock Purchases
Friday November 14, 9:35 am ET

Company Partners With Mining Fund in a Joint Venture to Commence With Purchases of Its Own Stock

NEW YORK, NY--(MARKET WIRE)--Nov 14, 2008 -- Hunt Gold Corporation (Other OTC:HGLC.PK - News) announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.

The Company was approached by a small but very active Mining Fund to work with the Company on these stock repurchases. The Company has formed a Joint Venture with this Mining Fund on a 50/50 profit sharing and equity basis to operate and manage these purchases and subsequent sales of the company's stock. Your Company's Management is of the opinion that this Mining Fund has the necessary expertise in this area, are in a position to obtain maximum leverage and/or Margin for this trading, and are in a position to obtain the lowest brokerage commission rates. These factors will greatly increase the Company's profits from these share purchases and subsequent sales, and most importantly has resulted in a much more significant amount of funds being available for these stock purchases.

The Joint Venture Company has already identified a substantial and consistent seller of your Company's stock and has offered to purchase all of their shares of your Company's stock. The Seller has agreed to sell all of its stock in your Company to the JV. It is expected that this purchase of this Seller's stock will be consummated very early next week. This will greatly reduce the selling pressure in the market.

The Company and the Mining Fund will commence purchases through the new JV once all significant and material facts are disclosed to our stockholders, namely:

-- The Announcement of the details and scope of the Drilling Programme
and the Announcement of the appointment of the Drilling Contractor; and
-- The Announcement of the confirmation of the drilling to commence in
the last week of November of 2008; and
-- The Announcement of the appointment and full details of the Project
Manager; and
-- The Announcement of the appointment of the Company's new IR Firm and
their contact information; and
-- The Announcement with full details concerning new Board appointments;
and
-- The web site with all vital investor information on the Company going
"live."

These events will take place during the course of next week and all stockholders will be in a far better position to decide whether to buy, hold or sell their shares of the Company's Common Stock prior to the JV purchasing these shares in the market, as it is considered inappropriate for the JV to purchase shares of the Company's stock ahead of the Announcements of these very material events.

The Company remains confident that it will be in a position to accumulate fairly substantial amounts of stock at the current very low price levels as it appears that there are significant sellers at these current price levels, based upon our observations of the past few weeks' trading patterns in the market.

The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only, once purchased they will be held by the Mining Fund JV and will not be cancelled.

The JV intends to sell these shares in the market in due course and at what Management believes will be at a substantial profit; and only at such time as the Company's stock price corrects itself to reasonable and accurate prices.

The JV will report every fortnight as to its dealings in the Company's shares of Common Stock.

The Company will account for these profits as an Extraordinary Item in its Financial Statements.

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.

For further information contact:

Hunt Gold Corporation
E Mail: investor@huntgoldcorp.com
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner

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.

dgartmoney08 · #3 (**permalink**) 12-12-2008, 11:30 AM

Dec 12, 2008 09:41 ET
Hunt Gold Corporation -- Completion of First Drill Hole

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

NEW YORK, NY--(Marketwire - December 12, 2008) - Hunt Gold Corporation (PINKSHEETS: HGLC) Hunt Gold announces that it completed its first drill hole at the Mockingbird Gold Mining Project in Arizona.

The hole, located at the Pocahontas Mine, encountered alteration at a depth of 100 feet and entered the ore zone at 103 feet. 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.

Drilling was continued to a depth of 150 feet in anticipation 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 typically gneissic rather than sedimentary. Accordingly, the Company plans to assay core from a depth of 97 feet to the termination depth of 150 feet.

Hunt Gold Corporation CEO, Mike Saner stated, "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."

The drill rig was moved to the upper drill pad at the nearby Great West Mine on Thursday, December 11, 2008 in the afternoon, where the second drill hole was collared this morning, Friday, December 12, 2008."

Pads have already been completed for the next four drill holes, at the Great West Mine, which is located uphill from 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.

QualityStocks · #4 (**permalink**) 01-22-2009, 11:45 AM

Hunt Gold Corp. (HGLC.PK) Announces Update on Sale of “Lookout Silver Mine”

Hunt Gold Corp. announced an update following January 16, 2009’s news that it is disposing of its “Lookout Silver” Mine. The Company was required to stake additional claims surrounding this mine as a condition of the sale, and today confirmed that the staking of the additional claims and the registration of the requisite documentation with the BLM is ongoing and will be completed this week.

By selling the “Lookout Silver” Mine, Hunt Gold will be able to concentrate exclusively on its Gold Mining interests and obtain further funds to finance the massive expedited exploration and drilling campaigns currently underway. The proceeds from the sale of this mine, in the amount of $65 million, are being retained by the Company.

The Company confirmed that this transaction will be concluded on February 2, 2009.

QualityStocks · #5 (**permalink**) 01-23-2009, 01:43 PM

Hunt Gold Corp. (HGLC.PK) Completes Sale of American Molygold Corp.

Hunt Gold Corporation announced yesterday the completion of the sale of its “Molybdenum” interests held through its subsidiary company, American Molygold Corp. $620 million in shares of a USA quoted Company will be paid in exchange for the interests. This Company, which is focused exclusively on the business of Molybdenum and Rare Earths, is currently being renamed to Independence Strategic Minerals, Inc.

Hunt Gold reaffirmed that it will be distributing all of the shares received from the sale of American Molygold Corp. to its shareholders once it has received the shares. According to the press release, stockholders will be advised once the “Record Date” and “Pay Date” of this Stock Dividend has been declared. This is anticipated to take place next month.

Hunt Gold Corporation will now focus exclusively on the Exploration and Mining of its existing Gold properties. The company confirmed it does not need to place any shares for cash or retain any of the proceeds from the sale of American Molygold Corp. Hunt Gold intends to fund the exploration of its Gold Mining interests through traditional Bank Mortgage Finance and secured Loans.

QualityStocks · #6 (**permalink**) 01-23-2009, 01:58 PM

Hunt Gold Corp. (HGLC.PK) Announces Sale of “Lookout Silver” Mine

Today, Hunt Gold Corp. announced that it has met the terms required to sell its “Lookout Silver” Project by staking six additional mining claims at its “Lookout Silver” Project in Arizona. The land package now includes lode claims on three vein systems that have been historic producers of silver and other metals.

According to the press release, the company has added another 1,000+ feet on the Silver Belt vein, which nearly doubles the 1,200 feet the company already had on its “Lookout Silver Project” lode claim. Hunt Gold also added almost a mile to its lode claims along the Kit Carson vein system. Lastly, an additional 1,500 feet were staked along the Lady Alde vein.

Hunt Gold Corporation’s CEO Mike Saner stated, “With the acquisition of the six new mining claims, the Company’s ‘Lookout Silver’ Project has been expanded into a significant property package within the Big Bug Mining District, which has been a strong historic producer of silver as well as gold. The previous owner of the property, BHP subsidiary Magma, focused on mining the gold resource at the Gladstone McCabe Mine during the 1980s. This leaves the opportunity open for the buyer of the ‘Lookout Silver’ Project to explore for the unmined silver resource.”

Hunt Gold can now confirm that the transaction will be concluded on February 2, 2009 since all conditions precedent have now been met.

Please see disclaimer on QualityStocks website: QualityStocks

Stocklord · #7 (**permalink**) 01-23-2009, 02:07 PM

Why are you promoting this diluted pig?

QualityStocks · #8 (**permalink**) 01-28-2009, 03:43 PM

The properties owned by the company have lots of potential

QualityStocks · #9 (**permalink**) 01-30-2009, 03:08 PM

Hunt Gold Corp. (HGLC.PK) to Commence a Nonstop Drilling Campaign; Updates Investors on Exploration Progress

Today before the opening bell, Hunt Gold provided investors with a comprehensive update on its 2009 exploration program. The company plans to continue drilling operations throughout the year to expand its gold resource and advance its gold properties towards production. According the press release, announcement of assay results will be regular and periodic as an ongoing part of business.

The company emphasized that it is extremely well funded and has the capability to do whatever is necessary to move its projects ahead. This is in sharp contrast to other mining companies that often encounter funding difficulties. Hunt Gold intends to conduct exploration on all of its gold properties during 2009, primarily at but not limited to “Golden Eagle,” “Ambassador,” “Venezia,” “Starlight” and “American Flag,” as well the continued “fast track” exploration taking place at the Company’s “Mockingbird” Gold Project.

The company’s fast pace of exploration work at the Mockingbird Gold Project in Arizona is ongoing. Project Geologist Ed Huskinson and a geotechnician are completing the splitting and logging of the drill cores from the final two holes of the recent drill campaign. They are anticipated to finish their work by the end of the day and the samples will be shipped to the independent assay laboratory.

The Company is currently obtaining bids from at least two drilling companies for its next Mockingbird drill campaign, which is planned to begin by the end of February. One of the drill companies will be visiting the site next week. The present intent is to use a track-mounted or rubber tire (buggy) rig capable of reverse circulation (RC) drilling. RC drilling is much more economical on a per foot basis than core drilling and will permit the next drill campaign to dramatically increase the footage drilled. Using such a rig minimizes the need to construct drill roads, eliminating environmental disturbance and greatly reducing BLM bonding requirements.

Next week, Project Geologist Ed Huskinson will commence a comprehensive reconnaissance sampling program at Hunt Gold’s “Mockingbird” Gold property. Many additional mineralized areas were discovered during the recent drill campaign, and this program will inventory and sample the surface outcrops in a meticulous manner. During the following two weeks, soil geochemical samples will be taken on a 200 foot grid over priority areas, most notably the 56 recently staked claims in the former Anaconda project area. Geochemical results will be posted onto a map and contoured to pinpoint “bulls-eye” targets for the next phase of drilling.

Hunt Gold Corporation’s CEO, Mike Saner stated, “Hunt Gold Corporation’s exploration program at its ‘Mockingbird’ Gold Project is expanding as we continue to learn new things about this exciting gold property. Exploration will be done in a systematic way in order to maximize ‘Mockingbird’s’ potential for
Hunt Gold Corporation and its shareholders.”

He added, “The new policy of nonstop but systematic drilling was expected to significantly add to the Company’s Gold Resources and given the return of the Gold Price to a price in excess of US$900/oz; the Company’s valuation would continue to escalate rapidly.”

QualityStocks · #10 (**permalink**) 01-30-2009, 03:11 PM

Hunt Gold Corp. (HGLC.PK) Updates Shareholders on Status of Upcoming Dividend

Today, Hunt Gold Corp. updated the investment community regarding the distribution of all of the shares in Independence Strategic Minerals, Inc. Common Stock received from the sale of its “Molybdenum” interests held through its subsidiary company, American Molygold Corp.

According to the press release, shareholders will be told the “Record Date” and “Pay Date” of this stock dividend on February 5, 2009. The distribution is anticipated to take place next month. Investors holding stock at the “Record Date” will be eligible for this Stock Dividend.

The sale amount of US$620 million will be settled in restricted shares of Common Stock of a USA quoted Company focused solely on the business of Molybdenum and on the Exploration and Mining of Rare Earths. This Company is currently being renamed to Independence Strategic Minerals, Inc.

The Company also assured investors that it has not increased its number of outstanding shares of Common Stock and all previously published valuations in respect of this Dividend have not changed.