Hunter Bay Minerals Completes Infill Soil Sampling at Puma Prospect, Sela Creek
LONDON, UNITED KINGDOM -- (Marketwired) -- 11/13/13 -- Hunter Bay Minerals plc ("Hunter Bay") (TSX VENTURE: HBY) is pleased to announce the results of the 2013 soil sampling program at Puma Prospect, Sela Creek (Figure 1). The results display significant gold exploration potential over a strike length of greater than 3 kilometers (Figures 2 and 3).
The 2013 soil sampling program at Puma was designed to follow-up and infill a gold in soil anomaly identified from the 2011 soil sampling program. The 2011 soil sampling program identified a 2.3 km long northwest-southeast trending anomaly located on a series of low ridges at the center of artisanal alluvial workings. Follow up work in 2013 has defined gold in soil anomaly over 3 km long and open along strike, between 200 and 400 meters wide. The infill program shows the gold in soil anomaly to be consistently strong, assaying greater than 100 ppb gold over a strike length of 2 kilometers at the center of the anomaly (Figure 2).
The Puma gold in soil anomaly is located on a series of northwest-southeast trending low ridges, which lie at the inferred contact between a metavolcanic unit and schist (Figure 3). Hunter Bay considers this to be significant as the prospect has a similar magnetic signature, inferred geology and size potential to the Jons Pit prospect.
Artisanal miners have opened a number of shallow open pits on the sides and tops of the low ridges at the center of the gold in soil anomaly at Puma, targeting saprolite. These workings have exposed saprolite in some areas however Hunter Bay has only been able to take three channel samples in one abandoned pit. Significant intercepts were previously reported as 9.0 m @ 2.66 g/t gold including 2.0 m @ 7.19 g/t gold (CH027) and 6.0 m @ 3.93 g/t gold (CH036).
The 2011 soil sampling comprised samples collected from lines spaced 200 meters apart, with 100 meters between samples. The 2013 follow-up program comprised a total of 389 samples collected over an area of 3 by 1.3 km. Lines were spaced 100 m apart, with 25 m between samples. No samples were collected in areas of alluvial cover or in areas of artisanal workings.
Samples were collected from the lower 50 centimeters of 2 meter deep hand auger holes. This allowed samples to be collected from the upper part of the C-horizon in saprolitic host rock.
The gold anomaly at the Puma Prospect is considered highly significant in that it occurs within an area of extensive alluvial workings and represents a potential hard-rock source area of alluvial gold. Moreover, the northwest-southeast trend of the anomaly is consistent with other known mineralized zones within the Jons Pit-Stranger-Cambior trend, a structural orientation that appears to exert a fundamental control on mineralization at Sela Creek.
Follow up work is planned to better test the size potential at Puma Prospect through a ground magnetic survey over the gold in soil anomaly to define targets for mechanical trenching. Channel sampling of artisanal pits is also planned.
Sample preparation and gold fire assay was carried out by The Assay Office (Suriname), Paramaribo, Suriname. The laboratory is not certified. The Assay Office includes routine Canadian Certified Reference Materials (CCRM), in-house standards and blank samples with each sample submission. Hunter Bay inserts its own routine QAQC samples, including gold certified reference material and blank material which are routinely checked. Hunter Bay ensures that chain-of-custody is maintained at all times from point of collection to delivery to the assay laboratory.
Andrew Tunningley, MAusIMM (CP), a director of Hunter Bay, is a Qualified Person as defined in National instrument 43-101 - Standards of Disclosure for Mineral Projects is responsible for the work program on the Sela Creek Project. Mr. Tunningley has supervised and approved all technical information contained in this news release.
About Hunter Bay
Hunter Bay is engaged in the acquisition, exploration and development of mineral resource properties located in South America and Canada. Hunter Bay's lead project is the Sela Creek Project, located in Suriname, in which Hunter Bay has an option to acquire up to an eighty percent (80%) interest. Hunter Bay also owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake, NWT, Canada.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Hunter Bay cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Hunter Bay's control. Such factors include, among other things: risks and uncertainties relating to Hunter Bay's ability to implement the follow up exploration program on the Puma prospect, Hunter Bay's limited operating history; the need to comply with environmental and governmental regulations; and potential defects in title to Hunter Bay's properties. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Hunter Bay undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To see Figures 1-3, please visit the following link: http://media3.marketwire.com/docs/910979i.pdf.
Hunter Bay Minerals plc.
CEO and Director
Source: Hunter Bay Minerals Plc