Wednesday, December 10, 2008

Hunt Gold Corporation (HGLC.PK) has a Large Portfolio of Gold Properties

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.

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