Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Gold Hunter Resources Inc. (CSE: HUNT) (OTC Pink: GHREF) ("Gold Hunter" or the "Company"), a Canadian mineral exploration company dedicated to the acquisition and development of precious and base metal projects, is pleased to announce the completion of an extensive district-scale data compilation and the commencement of exploration activities at its consolidated Great Northern Project in Newfoundland and Labrador.
Over the past several months, Gold Hunter has been diligently consolidating, compiling and analyzing geological data for the Great Northern Project. This effort represents the first time a single company has unified such a district-scale land position covering 23,060 hectares along the Doucers Valley Fault ~ a major regional geological structure known to host gold mineralization. This strategic consolidation has expanded the project's strike length by 64%, extending it from 30 kilometres to an impressive 49.2 kilometres. Gold Hunter is now the first company to control such an extensive portion of this highly prospective fault zone, enabling comprehensive, systematic exploration across the entire length of the property. This unprecedented scale not only underscores the magnitude of the project but also unlocks substantial opportunities for new discoveries in what remains a largely underexplored district.
Image 1: Photo Gallery of Gold Hunter's September Site Visit to the Great Northern Project, Newfoundland
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Highlights:
Comprehensive Data Compilation Completed: In collaboration with Magna Terra Minerals Inc.'s technical lead, David A. Copeland, his team, and Mercator Geological Services, Gold Hunter has assembled and digitized a robust dataset, including:
Figure 1: Northern block of the Great Northern Project overlaid with compiled geochemistry.
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Figure 2: Southern block of the Great Northern overlaid with compiled geochemistry.
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This extensive dataset provides an overview of the project's geology and mineral potential, enabling more informed exploration decisions.
Sean Kingsley, President and CEO of Gold Hunter Resources, commented:
"We are thrilled to announce the completion of our comprehensive data compilation and the significant progress we've made in advancing exploration at the Great Northern Project. Our team has been exceptionally busy over the past several months, and these efforts have given us a solid grasp of the project's potential.
The consolidation of the land position along the Doucers Valley Fault is a game-changer, increasing our strike potential by 64% and further outlining the numerous exploration targets that require follow-up work. With the extensive data we've gathered and our current exploration program, we are well-positioned to discover additional gold mineralization on the property. We are eager to move forward quickly and unlock the full value of this promising project for our shareholders.
We greatly appreciate the support of the Government of Newfoundland and Labrador through the Junior Exploration Assistance Program, which has partially funded our current exploration activities."
Project Overview:
Viking North, Viking, Thor's Cross, Thor, Kramer - Asgard, Loki, Unknown Pond, Browning - Unknown Brook, Taylor's Pond, Little Davis Pond, Wizard-Corner Brook Pond, Jackson's Arm, Big Arm Brook, Furnace, Incinerator, Beaver Dam, Road, Apsy, and Other.
Figure 3: Map of the Great Northern Project showing some of the fault structures, mineralized zones, deposits and infrastructure.
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Drilling has only tested 8.3 kilometres of this potential, with many areas remaining untested and existing drilling outside deposit areas being broadly spaced (greater than 200 metres).
Current Exploration Activities:
Funding Support from the Government of Newfoundland and Labrador
The program is partially funded by the Government of Newfoundland and Labrador through the Junior Exploration Assistance (JEA) Program. Gold Hunter greatly appreciates the support of the Government of Newfoundland and Labrador for the Great Northern Project and the exploration and mining industry in the province.
Next Steps:
Qualified Person/s:
This news release has been reviewed and approved by David A. Copeland, M.Sc., P.Geo., and Rory Kutluoglu, B.Sc., P.Geo., "Qualified Persons" as defined under NI 43-101 - Standards of Disclosure for Mineral Projects.
About Gold Hunter Resources Inc.:
Gold Hunter Resources Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and base metal projects. Leveraging the expertise of our experienced team and utilizing advanced exploration technologies, we strategically focus on premier mining jurisdictions with significant potential.
Our recent consolidation of the Great Northern Project in Newfoundland has increased our exploration strike potential by 64%. This strategic move positions us within an underexplored and promising gold district in Newfoundland and Labrador.
On Behalf of the Board of Directors,
GOLD HUNTER RESOURCES INC.
"Sean A. Kingsley"
Sean A. Kingsley
President, CEO, and Director
For more information, please contact:
Email: info@goldhunterresources.com
Phone: +1 604-440-8474
Website: www.goldhunterresources.com
Neither the CSE nor its Regulation Services Provider (as defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on reasonable assumptions made by Gold Hunter as of the date they were made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. These factors include, but are not limited to, general business, economic, competitive, political, and social uncertainties; the results of exploration activities; and other risks inherent in the mining industry. There can be no assurance that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Gold Hunter undertakes no obligation to update forward-looking statements, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.
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