Hunt Gold Corporation (HGLC)

[QualityStocks]

Hunt Gold Corporation is a gold mining and exploration company focused on the development and exploration of their “Mockingbird,” “Ambassador,” “Golden Eagle,” “Gladstone Lookout,” “Lady Alde,” “Lookout Silver,” “Starlight,” “American Flag,” “Venezia,” “Stormcloud,” “Cherry,” “Buffalo Limecap,” “Red Cloud” and “Federal” gold properties.

The company is currently in the process of drilling on its "Mockingbird" Gold Property. The property consists of approximately 2,500 acres and is located in Mohave County, Arizona. Previous mining efforts identified the property as having the potential to hold more than a million ounces of gold resource. Hunt Gold’s drilling program was initiated to verify the gold mineralization previously identified by surface sampling, and to begin building a proven or probable gold resource.

The Ambassador Gold Project is located near Prescott, Arizona in the Black Hills Mining District, which is south of the Verde Mining District and west of the Cherry Creek Mining District. Each of these districts has seen significant past production of gold, silver and copper. Well-known area mines include the United Verde, United Verde Extension, Yaeger, Monarch and Logan Mines.

The Golden Eagle property is geographically located between and on trend with the Mesquite gold mine and the Picacho gold mine. Mesquite was mined by Newmont for over 15 years and produced a total of 4MM ounces gold, while Picacho produced 388,000 ounces of gold. Past exploration by UNC focused on sampling of the underground workings of the Ambassador Mine, which showed excellent gold grades at the mine exposures and the potential for developing an economic ore deposit of over 1,000,000 ounces of gold and gold equivalent silver and copper credits.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Updates Shareholders Regarding Current Operations and Future Plans

Less than two hours ago, Hunt Gold Corp. provided shareholders with a comprehensive update covering a variety of issues.

Regarding its continued drilling at the “Mockingbird” Dandy Mine, the company currently has two holes planned and will update shareholders as additional drilling and exploration plans are finalized. Drilling operations will resume by TonaTec no later than January 10.

The company reported that a substantial amount of core from the first 6 drill holes at the Great West and the Pocahontas Gold Mines has been split. The core has been shipped to an independent assay laboratory located in Tucson, Arizona. The remainder of the core will be split and shipped this week. The independent assay laboratory has designated the Company’s core samples as a priority project, with the first assay results anticipated before the end of the month.

Although Hunt Gold recently increased its Authorized Share Capital to facilitate any possible deals and acquisitions, the company made it clear they have not issued any additional shares of its Common Stock. Investors are able to easily check Hunt Gold’s outstanding shares on the OTC Pink Sheets website where the information is constantly updated.

The company reported that its corporate website is now complete, but will not be able to launch until certain critical reports and valuations are completed. Hunt Gold doesn’t expect the setback to delay the launch of the website much longer. Upon the launch of the website and receipt of the critical valuation and Mining data reports, Investor Relations companies who have developed an aggressive awareness campaign for the Company will begin their efforts.

Hunt Gold also announced that the Joint Venture Company has acquired and continues to acquire shares of the Company’s stock in the market. It is anticipated that a full scale buying program by the Joint Venture will commence upon the launch of the Company’s website to ensure that all stockholders are in possession of all the facts. The Joint Venture will not acquire substantial amounts of the Company’s stock until the website’s launch.

Updating investors on the status of the sale of its “Molybdenum” interests held through its subsidiary company, American Molygold Corp., the company stated that the sale amount of $620 million will be settled in shares of Common Stock of a USA quoted Company focused completely on the business of Molybdenum. As announced before, Hunt Gold intends to distribute all of the proceeds from the sale of American Molygold Corp. to its stockholders.

In the press release, Hunt Gold confirmed that it will be proceeding with the listing of the company’s common shares on a European Stock Exchange. The company has been working on this strategy with European Brokers, who plan to purchase a substantial quantity of the company’s shares in the open market. By dual-listing on the OTC Pink Sheets and on a European Stock Exchange, investors around the globe will be able to trade the company’s stock in either US Dollars or in Euros. The Company’s European Corporate Finance Advisors and Brokers are confident that this will be achieved in January of 2009.

Hunt Gold also has plans to become a fully reporting company with the SEC and to move its common shares to the OTC BB market.

[QualityStocks]

Hunt Gold Corp.’s (HGLC.PK) Properties have Huge Potential

In a previous article we featured the Mocking Bird, Ambassador and Gold Eagle properties, but in this one we will focus our attention on the Gladstone Lookout as well as the Starlight, American Flag, Venezia, Stormcloud, Buffalo, Lime Cap, Red Cloud and Federal Mines.

The Gladstone Lookout is a 460 acre claim block that also includes a 50% interest in the mineral rights of the patented Lady Alde gold mine, as well as the Lookout Silver Mine. The Lookout is located on the same vein as the Arizona silver mine, which produced over $4.5 million of silver, with grades up to 20 ounces per ton. Hunt Gold Corporation plans preliminary geochemical and geophysical work centered on this claim block, targeting another Gladstone McCabe type deposit which produced at least 62,800 ounces of gold and 779,000 ounces of silver.

The Starlight, American Flag, Venezia and Stormcloud Mines are positioned in the Hassayampa Mining District, approximately 15 miles south of Prescott, Arizona. The Venezia Mine is located right off Senator Highway, with the Starlight and American Flag properties located up Starlight Canyon from Venezia. Stormcloud is immediately east of the Senator Mine. Each of these properties has a history of production. Initial exploration will target the Venezia and Starlight groups of claims in order to evaluate whether there is potential for a large bulk mineable deposit of gold and silver.

The Buffalo, Lime Cap, Red Cloud and Federal Mines (collectively known as the Cherry Project) are located in the Cherry Creek Mining District, about 10 miles southeast of Jerome, which is known as Arizona’s premier producer of gold, silver, copper and zinc from Precambrian ore deposits. Included in the 650 acre land package are the Buffalo, Limecap and Red Cloud gold mines, as well as a 51% interest in the mineral rights of the Federal Mine, which is comprised of 14 patented mining claims.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Keeps Investors Updated with More Info on Drilling Operations

Shortly after the opening bell, Hunt Gold Corp. confirmed the collaring of the sixth drill hole in the current drilling program at its Mockingbird Gold Project in Arizona. As of Sunday evening, January 11, 2009 the drill hole was 57 feet deep and was in Precambrian gneiss.

According to the press release, the 6th drill hole is located at the Dandy Gold Mine with an azimuth of 160 degrees (S 20 degrees E) and an angle of -50 degrees. The company anticipates encountering the altered and mineralized zone at 100 to 120 feet, if the dip holds true to the 65 degree dip observed at the surface and in the Dandy Glory Hole. The bore hole will test for gold mineralization 100 feet down from the surface outcrop of the vein.

According to historic mining literature, a blind vein containing high grade gold ore was discovered by a crosscut during past mining. The current drill hole will test for the blind vein in both the hanging wall and in the footwall. Once the hole is completed, the drill rig will be moved forward and a parallel seventh hole will be drilled at the same angle and target, with the mission of intersecting the mineralized zone 50 feet down dip from the 6th drill hole. This will test for continuity of mineralization. This drill program will be completed by the drilling of this seventh hole.

The Company’s Project Geologist, Ed Huskinson, will now begin his work on the completion of the geochemical work on the portion of the Mockingbird Gold claim block that was formerly explored by Anaconda while he waits for assay results from the current drill campaign. Once he has finished his geochemical work on the Mockingbird Gold claim block, additional drill targets will be identified for the next drill campaign to commence in February of 2009.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Stakes an Additional 71 Claim Blocks Surrounding Its “Mockingbird” Gold Project

Shortly before noon, Hunt Gold announced today that it has commenced with the immediate staking of an additional 71 different, but adjacent, Claim Blocks surrounding its “Mockingbird” Gold Mine in Arizona and explained its motivation for this additional capital expenditure. The company anticipates releasing the full details of these claims once all paperwork has been filed with the BLM.

According to the press release, the claims are well known to the company and are believed to be strategically important. Hunt Gold reviewed the exploration and mining history prior to acquiring these properties and is strongly encouraged by its findings.

Currently, the company is drilling to define the gold resource, to determine the best way to mine it, and to estimate at what gold price it can be mined at a profit. This initiative will take multiple drill campaigns. Some of the drill holes will have gold, while some will not.

Hunt Gold will decide whether to mine a particular property by itself, use a contract mining company or take a different approach depending on what makes the most financial sense for the company and its shareholders. The company is not committed to any particular approach until far more extensive exploration and drilling has been conducted over the coming months.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Announces Completion of January Drilling Campaign

Today before the opening bell, Hunt Gold announced that it has successfully completed its current round of drilling at its “Mockingbird” Gold property in Arizona. The 8th and final hole drilled in the southern part of the company’s “Mockingbird” property intercepted foliated Precambrian quartzofeldspathic gneiss for its entire length. There were local zones of quartz flooding and a substantial hematitic overprint.

At 108 ft. the hole encountered historic mine workings, which were found to be backfilled with material that the previous miners considered too low-grade to process. The drillers recovered some of this material and will have it assayed to serve as a guide to the historic cutoff grade. The company believes this to be necessary as gold mineralization that was too low-grade to mine at a profit during the 1900s may have been left unmined elsewhere in the workings. With today’s modern mining methods and higher gold prices, the material may be known as viable “ore” today.

The core from the two holes drilled at the Dandy Mine will be split and sent to Jacobs Assay. While waiting for the results, the Hunt Gold’s Exploration team will do reconnaissance and rock chip sampling of potential drill sites that were identified during the current drilling campaign. Additionally, a geochemical sampling grid will be laid out and soil geochemical sampling will be carried out. The company aims to select additional drill sites at the “Mockingbird” Gold Mine for a second round of drilling beginning in February.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Announces Acquisition of Additional Mines and Stakes 26 Lode Mining Claims

In addition to announcing the completion of its January drilling campaign, Hunt Gold also announced this morning that it has acquired an additional 26 lode mining claims at its “Mockingbird” Gold property in Arizona. Collectively, the lode mining claims cover 520 acres, which is close to a square mile of land.

Hunt Gold Corporation’s CEO Mike Saner stated, “We are very excited by the great start to our ‘Mockingbird’ Gold Project and the huge opportunity that this project represents for the company and its shareholders. We are investing in the company’s leading Mining property in its portfolio and fortifying its already impressive land position.”

The following new claims encircle existing Hunt Gold Corporation lode claims:

Mockingbird Gold Mine:
The company acquired five new lode mining claims surrounding the “Mockingbird” Gold Mine. An additional eight lode mining claims were located south of the Company’s “Mockingbird” Gold Mine and covering several veins that run parallel to the “Mockingbird” vein.

Dandy Gold Mine:
Five new lode mining claims were acquired surrounding the Dandy Gold Mine.

Great West Gold Mine:
Three new claims were acquired at the Great West Mine.

Pocahontas Mine:
One new claim was also added at this mine.

Hunt Gold Corporation also acquired the Williamson Mine and the Blue Copper Mine. The Blue Copper Mine is located northeast of the Company’s “Mockingbird” Gold Mine, while the Williamson Mine is located southeast of the mine along the road to the Great West, Dandy and Pocahontas Mines. Both the Williamson Mine and the Blue Copper Mine were former copper producers. Copper in its oxide forms is a pathfinder element at the Company’s “Mockingbird” Gold property, as it is frequently associated with gold. The company plans to explore these two additional mines for their gold potential.

According to the press release, the additional lode mining claims were acquired from the original vendor of the Mockingbird property at no cost to Hunt Gold Corporation; except for the BLM filing fees. The Company is currently focused on completing the staking of an additional 48 Lode Mining Claims surrounding the Company’s “Mockingbird” Gold Project.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Enters Agreement to Sell “Lookout Silver Mine”

Today, Hunt Gold announced that it is disposing of its “Lookout Silver” Mine. According to the press release, the company is in the process of staking additional claims surrounding the mine and is selling the entire package.

The decision to sell the assets was made to allow Hunt Gold to maintain an exclusive focus on its Gold Mining interests and obtain additional funds to finance the massive expedited exploration and drilling campaigns currently underway.

The $65 million in proceeds from the sale of the “Lookout Silver” Mine package are being retained by the Company. Hunt Gold anticipates the conclusion of this transaction on February 2, 2009.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Appoints Appoints Patrick O’Hara as Its Senior Geochemist

Today a few minutes before the opening bell, Hunt Gold Corp. announced that it has appointed Mr. Patrick F. O’Hara as its Senior Geochemist effective immediately. O’Hara has a Ph. D in Geology from Arizona State University as well as an M.A. and B.A. in Geology from Queens College of the City University of New York.

Pat O’Hara has three decades of mineral exploration experience throughout the United States and Latin America, and has authored or co-authored over 70 scholarly geologic and geochemical articles and maps. O’Hara has served on the Board of Governors of the Arizona Department of Mines and Mineral Resources since 2005.

Pat O’Hara’s initial work for Hunt Gold will focus on the company’s gold deposits in Central Arizona, including the Ambassador, Gladstone Lookout, Starlight and Venezia gold and silver deposits. He will work with the Company’s Senior Geologist, Jack Light, on the Company’s “Gladstone Lookout” Gold property and will also be consulting Hunt Gold Corporation’s Senior Management, its Advisory Committee and its exploration partners in the exploration and development of the Company’s Gold Mining Properties.

Hunt Gold Corporation’s CEO, Mike Saner, stated, “We are very excited to have Pat O’Hara on board. He is one of the foremost authorities on the Precambrian ore deposits of Central Arizona. Hunt Gold Corporation is committed to the exploration of all of its properties, and in particular, the potential gold and silver resource of our Central Arizona properties, including “Ambassador” and “Gladstone Lookout,” which are no less promising than either our “Mockingbird” and “Golden Eagle” detachment fault gold properties.”

[QualityStocks]

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]

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]

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.

[CathKow]

Does the company have any figures or forecasts for their mining operations in comparison with competitors in the industry? How does their properties stack up to others?

[QualityStocks]

Those are very good questions

At this present time it doesn't appear they do, but you will definitely want to check the website once the company launches it

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) New Chairman Brings a Lifetime of Experience and Expertise

Recently, Hunt Gold Corp. appointed Frederick J J Blaauw as its Non Executive Chairman. Earning his B.Sc in Mining Engineering from the University of the Witwatersrand in South Africa, he has served at the highest Managerial Level of many of the world’s foremost mining companies, and has written a number of mining publications.

Mr. Blaauw has been extensively involved in Consulting Projects, and was a Principal and Co-Founder of Resources International which provided more than $650 million in funding to mining projects. He brings a huge wealth of knowledge, connections, experience and skills to Hunt Gold. Commenting on Mr. Blaauw’s appointment, CEO Mike Saner stated that he is delighted to have such a strong and experienced mining team to take the company into its next phase.

[QualityStocks]

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]

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.

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

[protostars]

Glad to see it. This distribution is one of the most important things Hunt can do to recapture good will.

[QualityStocks]

Hunt Gold Corp. (HGLC.PK) Proposes a Stock Repurchase Program

Hunt Gold Corporation announced today that it intends to implement a stock repurchase and cancellation program. The stock buyback program would be funded through a loan secured against part of the proceeds of the sale of its “Lookout Silver” interests. The company promised to inform investors of the details of this program.

Hunt Gold believes the stock market has massively undervalued the company at this time and that a significant reduction in the amount of outstanding shares of its Common Stock will do much to rectify this huge discount.

In the press release, the company reaffirmed that proceeds from the sale of the “Lookout Silver” Mine package were in the amount of US$65 million. Hunt Gold anticipates receiving the proceeds in quoted Company Stock within three weeks now that the transaction has been completed.

[protostars]

Interesting to see how this affects public opinion at these critical times. Hopefully for the better.