Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
80B lol 75 out yup not that it matters over half went to debt holders but whos counting they had choice of debt or shares and can you believe those crazy son of a guns took shares then sloane pays .0035 for 17B ;so here i sit with the rest of us long ffgo shareholders AND OF COURSE THE SHORT IN THE WALL jsGANG.
this will help explain google > celler boxing NSS < will explain the large structure and captured capitol at least it made some since of the figure but hell seems UST has no problem useing 12digits why cant we or is 12 digits only reserved for Gov use imeninant domain and all lol
I know and yet still bunk reporting by the gang lol cant figur whos more desperate me or you LOL
facts are facts squirm all ya want best way to avoid is to start with the facts then we wont have these encounters, see.
who is 'they all'?
Fortress Financial Group Inc. has learned that a Schedule 13-D was filed with the SEC disclosing that an Investment Company was now in control of 23.59% of Fortress Financial Group, Inc.'s shares of outstanding Common Stock. On June 30, 2010, a Schedule 13-D was filed with the Securities & Exchange Commission by Sloane Investments, Inc., an Investment Company controlled by Mr. Ronald Y Lowenthal. Sloane Investments, Inc. disclosed that they now owned and had sole voting power in respect of an amount of 17,645,966,686 shares of Fortress Financial Group, Inc. Common Stock, representing 23.59% of our outstanding shares of Common Stock.
Sloane Investments, Inc. disclosed in the Schedule 13-D Filing that they had (a) purchased these shares of Fortress Financial Group, Inc.'s Common Stock through private transactions in order to amass such a significant stake in the Company and (b) paid US$0.0035 per share of Fortress Financial Group, Inc. Common Stock
i said control not involved, big differance; i also already pointed out the more recent as you say involvmant
control i said control not association through past dealing thats not control show control today today control 51% majority control, is thier any other kind//////////////; NO!
so i guess my only satisfaction acording to hunter123 , (doesnt pay bets when looses), will be to make sure shorty never gets a walk on 100billion ffgo phantom un clothed shares, serenity prayer is good at this point... fruit from a poison tree thats all it is, yup. i can use that there truth, fruit from a poison tree, heard that.
forever is a long time ,i thought our fates are tied at the hip lol means you to lol will be here forever
anvil to you bauman Q; 5% is better for us tha 20% not sure if the dynamics are clear im a future prefered divi recipient
my mistake i thought you made this post oops lol;
Anvil Member Profile Anvil Share Sunday, July 03, 2011 8:12:43 AM
Re: A deleted message Post # of 5422
Quote:NMGL: STEPHEN CRAIG LUMB is incompetent
Respectfully disagree, he did raise significant money from shareholders and delivered nothing.
i have no reason not to believe bauman is compitant
it would be a first ;oh let me tie my other hand show the power of attorny agreement if you can im sure its limited; im will gamble on that but i know you aint holdin sheeet lol besides dont ya want me to see it your way see thats the differance between us i am open minded and well your not
ah i see shoot the messenger i get it took me a second lol
here let me help i have absolutly no mineing experiance ; now i do believe dr coliston does
but thats not what im calling you out on, its saying lumb is responsible for nmgl ffgo hglc rens; ill acept any one as proof show his control, very simple show it ,lol you cant
i think that makes your statemant a ... anyway you know what it is
i have no knowledge of the definition you inject and no clue how a definition would show lumb is to blame here please explain this cicutiouse route.
here ya go;
Adj. 1. circuitous - marked by obliqueness or indirection in speech or conduct; "the explanation was circuitous and puzzling"; "a roundabout paragraph"; "hear in a roundabout way that her ex-husband was marrying her best friend"
roundabout
indirect - extended senses; not direct in manner or language or behavior or action; "making indirect but legitimate inquiries"; "an indirect insult"; "doubtless they had some indirect purpose in mind"; "though his methods are indirect they are not dishonest"; "known as a shady indirect fellow"
2. circuitous - deviating from a straight course; "a scenic but devious route"; "a long and circuitous journey by train and boat"; "a roundabout route avoided rush-hour traffic"
roundabout, devious
indirect - not direct in spatial dimension; not leading by a straight line or course to a destination; "sometimes taking an indirect path saves time"; "you must take an indirect course in sailing"
no just quiet, i hate it too dont you? lol
the vulture fund list is old and no good 5% report never happend ; see i even got one hand tied behind my back , come on with it.
let try and show this asumption
show me how the hell as you say lumb is controling all this because last i saw the only has been proof of association, so where is the 51% majority control ;;;its all you baby...
well if you knew then give credit where credit is due instead of the usual; at least use some acuracy but i guess that has been forgoten too over the years. it must feel like a blur to a 24/7 closed mind.
Mr. Ronald Yadin Lowenthal has been Chief Executive Officer and President of ASPA Gold Corp. since November 2010. Mr. Lowenthal has been the Chief Executive Officer at North American Gold & Minerals Fund (alternate name Elko Ventures Inc.) since July 2009 and its Chief Financial Officer & Secretary since August 14, 2009. He also serves as Principal Accounting Officer and Treasurer at North American Gold & Minerals Fund. He is a specialist in Corporate Finance, in the structuring of IPO's and in fund raising for Mining Exploration Companies. From 1982 to 1999, Mr. Lowenthal served as a Financial Consultant and as the Compliance Officer to family owned, Lowenthal & Co. From 1972 to 1979, he served as an International Merchant Bankerwith Scandinavian Bank in both London and in Singapore, Amex Bank in both London and in Hong Kong, Rothschild Intercontinental Bank in both London and in Hong Kong and with European and American Bank in New York. From 1979 to 1981, he was involved in Diamond Mining and in Diamond Trading on an International basis. Mr. Lowenthal has been a Director of ASPA Gold Corp. since December 1, 2010. He serves as a Non Executive Director at Hunt Gold Corporation. He has been a Director of North American Gold & Minerals Fund since July 2009. He served as a Non Executive Director at Prime Time Group, Inc. Since 1999, he was a founding director of Incentive Holdings Ltd. and Incentive Securities Ltd. In 1971, Mr. Lowenthal earned a Masters of Business Administration degree from the Wharton Graduate Division, University of Pennsylvania, USA and in 1969 earned a Bachelor of Arts (Hons) degree in International Relations from the University of Sussex, England.
dtcc has skin in game
highlighted in red $.....Hunt Gold Corp. (HGLC.PK): Joint Venture Company Continues to Acquire Additional Shares
Wednesday, February 25th, 2009
Hunt Gold Corp. announced that the Joint Venture Company formed in a 50/50 partnership with a Mining Fund has acquired an additional 375 million shares. Total purchases to date by the Joint Venture Company now total to 3,403,863,000 shares at an average price paid per share of $0.0001.
Although the Joint Venture Company has been acquiring these shares in “off the market” transactions, both the JV and Hunt Gold realize that it is highly unlikely that they will be able to continue doing so because they haven’t been able to attract any further sellers at the prices they are offering.
Hunt Gold management emphasized that the sellers who sold their shares to the JV were forced to dispose of these shares due to financial pressures beyond the sellers’ control and were made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Reports Remainder of the Highly Successful Assay Results
Wednesday, February 25th, 2009
Yesterday, Hunt Gold Corp. released additional details of the assay results concerning the first five drill holes of the recently completed drill campaign at the company’s “Mockingbird” Gold Project in Arizona. The company reported the following:
– All of the first eight drill holes encountered Gold Mineralization. Eighth Drill Hole encountered High Grade Gold. The Assay Results have matched and in fact beaten, the Company’s Management expectations.
– Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced yesterday. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.
– New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.
– An additional 320 acres of mining claims have been staked this week, bringing the company’s “Mockingbird” Gold Project claims to almost 3,000 acres.
Hunt Gold Corporation’s CEO, Michael G Saner, commented that he is “delighted with the success of the Company’s initial campaign and the Assay Results published [Monday] and [yesterday]; which clearly prove that the Company’s ‘Mockingbird’ Gold Property is extremely viable. The new extensive drilling campaign will now prove up significant additional Gold reserves. In short, the Company’s Management is absolutely delighted with these initial results.”
Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered especially encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton. According to the press release, open pit gold mines in the Arizona / California / Nevada region have profitably mined gold that assayed as low as .02 ounces per ton. However, the company noted that establishment of the cutoff grade for mining at Mockingbird will need to await preparation of the feasibility study, which will require several more rounds of drilling.
As announced previously, the Company is well underway in establishing a geochemical control grid at the property. More than 50 rock chip samples have been taken so far from numerous historic workings throughout the four plus square mile property. Upon completion of this work, the anomalous values for gold, silver and copper (a pathfinder element at the company’s “Mockingbird” Gold Property) will be mapped, contoured and used to select drill sites for the next drill campaign.
Further details can be read at the following link: http://www.marketwire.com/press-release/Hunt-Gold-Corporation-953605.html
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Winston Pharmaceuticals, Inc.’s (WPHM.OB) Lead Compound Granted Orphan Drug Designation
Tuesday, February 24th, 2009
Hunt Gold Corp. (HGLC.PK) Continues Stock Purchase Campaign
Monday, February 23rd, 2009
Hunt Gold Corp. announced today that its Joint Venture Company, formed to acquire HGLC shares as a short to medium term investment, acquired an additional 425 million shares at a price of $0.0001. Total purchases to date by the Joint Venture Company now total to 3,028,863,000 shares.
Joint Venture Company’s purchases have substantially reduced the total of Common Stock being offered in the market. The Joint Venture Company and the Company’s Management currently believe that they won’t be unable to purchase additional shares in “off the market” transactions since they have been unable to attract any further Sellers at these prices.
Further purchases of the company’s shares by the Joint Venture Company will be affected in the market once Hunt Gold’s website is launched. The company believes today’s earlier news announcing Assay results will “undoubtedly cause the Company’s stock price to higher price levels in a short period of time.”
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Initial Assay Reports Prove Gold Reserves
Monday, February 23rd, 2009
Today before the opening bell, Hunt Gold Corp. announced assay results from the first five drill holes of its first recently completed drill campaign at the “Mockingbird” Gold Project in Arizona. The assay work was done by Jacobs Assay of Tucson, Arizona.
The company reported the following:
- All of the first five drill holes encountered Gold Mineralization.
- Management considers these Assay initial results to be solid and positive but is of the opinion that the Assay Results from the remaining three drill holes to be of a far higher grade and Jacobs Assay has elected to place the assays for the other 3 drill holes in “EXCEPT” meaning that 3 or 4 intervals in the “ore zone” are listed as “pending.” Management is of the opinion that Jacobs Assays has higher gold values for these intervals, and to that end, they are re-running the tests to ensure that these higher grade Assay Results are as expected by Hunt Gold’s Management Team. These additional Assay Results will be announced shortly.
- Based upon proven historical geological and drilling, Assay Results and data supported by the current ongoing exploration work at the Company’s “Mockingbird” Gold Property, Management is of the opinion the new extensive drilling and exploration campaign will yield considerably higher grades than detailed in this announcement and considers this substantial investment to be justified.
- Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced today. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.
- New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.
- An additional 320 acres of mining claims have been staked this week, bringing the Company’s “Mockingbird” Gold Project claims to almost 3,000 acres.
According to the press release, all five drill holes encountered gold mineralization. Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered particularly encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton.
Hunt Gold Corporation’s CEO, Michael G Saner commented, “We are very pleased that the initial drill results confirm the Company’s view that its ‘Mockingbird’ Gold Property is a gold bearing system. Furthermore, the potential gold ore is in the zones predicted by the Company’s geologists, which means that we are gaining an understanding of the gold mineralization at what is at present our flagship Gold Property.”
He added, “I am proud of all of the extensive, intensive and methodical work being done by the entire team to prepare for this second and hugely extensive drilling campaign. This is a big property, with dozens of mineralized outcrops, and we intend to drill in all of the right places for all of the right reasons.”
The company’s next round of drilling will be targeted on the vicinity of the low-angle Mockingbird Detachment Fault, which is a sub-horizontal interface between the older Precambrian rocks and the younger overlying upper plate Tertiary volcanic rocks. This zone was mined at the Mockingbird Mine itself and hosted a majority of the Mockingbird District’s historic production of 15,000 ounces of gold.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Valuation Soars as Gold and Silver Prices Ascend
Friday, February 20th, 2009
With Gold prices now close to $1,000 an ounce, Hunt Gold Corp.’s gold mining properties are substantially increasing in value. In fact, Jeffrey Nichol, head of American Precious Metals Advisors, claimed yesterday that Gold Prices could rise higher than $2,500 per ounce in the future.
Hunt Gold also retains interest in Silver Mining through its stockholding in a Silver Company. Silver has also done extremely well the past few months, rising from $8.40 an ounce to more than $14 an ounce. The company’s valuation will continue to rise as precious metal prices benefit from investors’ demand for “safe haven” investments.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Joint Venture Company Purchases an Additional 800 Million Shares
Thursday, February 19th, 2009
Moments ago, Hunt Gold Corp. announced that its Joint Venture Company, a partnership between Hunt Gold and a Mining Fund to acquire shares of HGLC, acquired another 800,000,000 “free trading” shares of the company’s common stock from another Seller yesterday at a price of $0.000075 per share. That seller is no longer offering the shares in the market.
Total purchases to date by the Joint Venture Company now total to 2,603,863,000 shares of “free trading” common stock. All purchases by the Joint Venture Company were transacted “off market” to eliminate brokerage costs and avoid distortion of trading volumes. The purchases to date have been settled in cash.
Hunt Gold management emphasized that the seller was being forced to dispose of these shares due to financial pressures beyond the seller’s control and was made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Issues Convertible Bonds to Eliminate All Debt and Strengthen Balance Sheet
Thursday, February 19th, 2009
Today before the opening bell, Hunt Gold Corp. announced that it has authorized an issue of up to $10 million of Convertible Bonds. These bonds are being issued to eliminate existing loans made to the company. The company intends to settle all of these loans through the issuance of convertible bonds by the end of this month.
Hunt Gold Corporation’s cash requirements are enormous considering its extensive exploration and drilling program, ongoing monthly overhead costs, the costs of its Geologists, Professional Advisors and Consultants, its fifty percent share of the Joint Venture Company which is actively acquiring shares of Hunt Gold Corp., and the proposed stock buyback and cancellation program.
The terms of the Convertible Bonds include, without limitation, that: (i) at the option of the holder, the Convertible Bonds are convertible into shares of Hunt Gold Corporation’s Common Stock, at any time after March 31, 2010 and not before that date under circumstances; and at a conversion price calculated at a 10% (ten percent) discount to average closing price of Hunt Gold Corporation’s shares of Common Stock for 5 (five) trading days prior to any such conversion. These Bonds will bear interest at the rate of 9% (Nine percent) per annum, and will only be issued to “accredited investors,” as such term is defined in Rule 501 of Regulation D.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) JV Company Continues to Acquire Shares of Common Stock
Wednesday, February 18th, 2009
Today, Hunt Gold Corp updated investors on the progress of its JV Company’s stock purchases. Total purchases to date now total to 1,403,863,000 shares of “free trading” Common Stock after the Joint Venture Company acquired an additional 300 million shares of the Company’s “free trading” Common Stock Tuesday, February 17, 2009.
Hunt Gold’s Management emphasized that the sellers of this stock were being forced to dispose of these shares because of financial pressures beyond their control. The Joint Venture Company is making a substantial difference in reducing the number of shares being offered for sale. All purchases have been settled in cash.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Provides Update on Assay Results; Expectations of Gold Deposits
Friday, February 13th, 2009
In an announcement released today, Hunt Gold Corp. addressed the questions that investors have been asking about why it is taking so long to release assay results for the recent drill campaign at the Company’s “Mockingbird” Gold Property in Arizona. In response, the company quoted their Project Geologist Ed Huskinson who often says “Quality results take time.”
Before the assay process even begins, the drill core has to be logged, split, placed in sample bags and shipped to the Assay Laboratory. Splitting the core involves taking an electric saw and sawing end to end through hundreds of feet of drill core. The core from this drilling program was mostly gneiss (altered granite), which is a very hard rock.
According to the press release, the splitting of the core took weeks of effort. Although the core from the very first hole was split and sent to the Assay Laboratory in late December of last year, this process was not completed for the final and eighth drill hole until the end of last week.
Once the drill core arrives at the Assay Laboratory, it is processed at time frames which are at the Assay Laboratory’s discretion. Once the Assay Laboratory starts on a company’s core samples, the pulps are prepared from the split core. They are then put through the fire assay process. Typically, the samples are mixed with fluxing agents including lead oxide, and fused at high temperature. The lead oxide is reduced to lead, which collects the precious metals. Once cooled, the lead remains at the bottom, while a glass-like slag remains at the top.
The precious metals are then separated from the lead by cupellation. The final technique used to determine the gold and other precious metals contents of the residue can range from a balance (for very high grade samples), to AAS, ICP-AES or ICP-MS. Finally, the gold and silver content of the remaining residue is determined.
The Assay Laboratory then verifies its calculation before releasing the assay results. This whole process can and usually does take more than a month. The process is taking even longer than usual for Hunt Gold since the recent drill campaign was interrupted by the worst snow storm in the Las Vegas area since 1979 and the multiple days the Assay Laboratory was closed for the Holidays. No assay work (other than preliminary sample preparation) was actually begun by the Assay Laboratory lab until January.
Keeping all this in mind, Hunt Gold will not know definitively of any gold in the drill core until the assay results are in from the Assay Laboratory. However, Management has proven historical data validating that the four mines at the Mockingbird Property historically produced gold. The company reminded shareholders that together its management team has over 200 years of experience and would not be expending enormous sums of money and energy on these projects unless they were convinced that the efforts are based on provable numbers.
In the meantime, Hunt Gold will be awarding the drilling contract that consists of drilling on a number of drill sites, which are continually being selected by the company’s geologists. This “non stop” drilling campaign (barring adverse weather conditions) will utilize a “state of the art,” faster and less costly drilling process. The company currently plans 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 enable the next drilling campaign to significantly increase the footage drilled.
Hunt Gold Corporation’s Project Geologist Ed Huskinson initiated a comprehensive reconnaissance sampling program at the Company’s “Mockingbird” Gold property. Numerous additional mineralized areas were discovered during the recent drill campaign, and the reconnaissance is inventorizing and sampling the surface outcrops in a very thorough and scientific manner. Soil geochemical samples are being 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, thus generating “bulls-eye” targets for the next phases of drilling.
The company anticipates continually drilling throughout this year to expand gold resource and advance its gold properties toward production. Nonstop exploration is at the core of Hunt Gold’s current business model, with a focus on selecting drill targets in a prudent and geologically sound manner.
The new drilling campaign scheduled for this month will target a wide range of carefully selected drill sites over a large number of sections on the majority of Hunt Gold Corporation’s Eleven principal Gold Mining properties. The company’s drilling plans primarily involve its “Golden Eagle,” “Ambassador,” “Venezia,” “Starlight” and “American Flag” Gold Mining properties, as well as the continued “fast track” exploration taking place at the extensive “Mockingbird” Gold Project.
Hunt Gold Corporation’s CEO, Mike Saner, commented, “Hunt Gold Corporation’s exploration program at its ‘Mockingbird’ Gold Project is expanding as we continue to learn important new details 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 on numerous sections of the Company’s Gold Mining properties are expected to significantly add to Hunt’s Gold Resources and given the return of the Gold Price to a number now well in excess of US$900/oz; the value of the Company’s Gold properties would continue to escalate rapidly.”
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Appoints IR Firm and Updates Shareholders
Thursday, February 12th, 2009
Hunt Gold Corporation today announced that it has appointed MDM Worldwide Solutions, Inc. as its Investor Relations firm, effective immediately.
The Contact Details are as follows:
MDM Worldwide Solutions, Inc.
989 Avenue of the Americas, 4th Floor
New York, NY 10018
Telephone: (646) 961-4458
E Mail: huntgold@mdmworldwide.com
Contact : Richard Hausig
Hunt Gold’s management believed it was necessary to immediately implement this Investor Relations interaction in order to make sure stockholders were given all timely information. By appointing an IR firm, management will no longer have to deal with the overwhelming amount of requests for information from stockholders.
The Company stated in the press release that it is dealing with all outstanding issues at this time, particularly the Stock Dividend payment which has been delayed by third parties and their professional advisors, a situation that has been beyond its control. Hunt Gold anticipates having these issues resolved in due time and intends to issue a detailed and accurate Statement in respect of all of these issues once it is in possession of all the verifiable facts from all of the third parties involved in these various transactions.
The management of Hunt Gold apologized to all shareholders for not meeting the promised dates. Going forward, they will no longer rely on any third parties and their unsubstantiated promises when announcing firm dates to stockholders.
The company assured stockholders that the Stock Dividends will be paid and that it is doing everything in its power to expedite the process while maintaining a sensible and prudent approach with the third parties responsible for the payment of these Stock Dividends.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) – Staying in the News Thus Far in 2009
Tuesday, February 10th, 2009
While countless businesses have been suffering amidst some of the harshest economic conditions in living memory, one company that has not allowed itself to be adversely affected by recent global financial strain is the Hunt Gold Corporation. In fact, quite the opposite has occurred. The past six weeks have been brimming with positive developments for the company.
Early January signaled hope for the New Year, with desirable drilling results returning from several of the company’s prospects; most notably perhaps, the “Mockingbird” claim. Combining its own exploration of the property with the findings of previous stakeholder, Anaconda (shut down by parent company for unrelated reasons), Hunt now believes its “Mockingbird” project to be capable of producing up to one million ounces of gold. The information provided by January’s preliminary round of exploratory drilling is expected to greatly bolster the effectiveness of the next campaign, slated for this month.
January 16th brought the announcement that Hunt had finalized the details for the sale of its “Lookout Silver” mine. The transaction was completed just eight days ago, in the amount of $65 million; funds that will support Hunt’s other endeavors.
Among these endeavors, was the January 20th appointment of Pat O’Hara, Ph.D, as the company’s new senior geochemist. One of the leading authorities on Central Arizona’s geological makeup, he also holds a spot on the Arizona Department of Mines and Mineral Resources’ board of governors. Pat O’Hara is in the perfect position to assess the viability of Hunt’s numerous Arizona-based prospects. Hunt’s current officers expect his input to be instrumental in increasing the corporation’s overall effectiveness.
In addition to a new senior official, the sale of “Silver Lookout” mine, and increased exploratory efforts across the board, Hunt also entered into the sale of another of its assets; American Molygold Corp. The company expects the transaction to be settled later this month with the exchange of the molybednum interest for $620 million in common stock of USA-based, Independence Strategic Minerals, Inc.
February 3rd saw the initiation of efforts to establish a stock repurchase/cancellation program; the funds for which to be obtained with a loan secured against a portion of the $65 million in proceeds from the “Lookout Silver” sale. Hunt noted the belief that its stock is seriously undervalued, and intends to dispatch this problem by significantly reducing the amount of outstanding shares.
This, coupled with the other developments of the last month-and-a-half, seems to allude to a turning-point for this company. Shares are cheap at present, but it is clear that much is being done to solidify a path which leads in the right direction. What this means, is that now is an excellent time to give the Hunt Gold Corporation a closer look, for soon, company stock may be ‘as good as gold’.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK): Where are Gold Prices Going in the Future?
Friday, February 6th, 2009
Although many would have expected Silver and Gold to be hitting all time highs during the recent market turmoil over the financial system, both metals have actually been hit pretty hard. Silver has fallen the most, going from $19.55 an ounce in July of last year to just less than $8.50. What made this happen?
Although there are theories of manipulation and governmental interference, we will focus on what is ‘known’. First, hedge funds were forced to sell their positions in the market as their clients withdrew their funds. Many of these institutions were highly leveraged, causing an even greater amount of selling. The second most apparent reason precious metal prices fell was the astonishing strength of the U.S. Dollar.
First, remember that Gold is a finite resource. There is only so much of it in the world, and then it’s gone. This is a sharp contrast to the U.S. Dollar and other currencies that are able to be printed in both paper and digital form in virtually unlimited amounts.
Although we have been experiencing deflation in the recent months, inflation is expected to be rampant as the U.S. Government prints large amounts of money to deal with the current recession. The feds have shown absolutely no respect for the dollar and seem to have no problem diluting it to the highest extent to solve their other problems. All of these bailouts and the stimulus program put downward pressure on the dollar, and that pressure is substantial.
It is our belief that the recent deflationary period and liquidation of hedge funds have made the spot prices for Gold and Silver artificially low, making it an even more perfect trading/investment opportunity. Although it is possible to buy physical gold, one may want to consider investing in a gold company for greater returns. As gold prices rise, so will these companies’ profits.
One company that could outperform all the rest is Hunt Gold Corp. (HGLC.PK). This gold mining and exploration company has a large portfolio of properties that hold great potential. The company is well funded and has planned a continual drilling campaign for this year to expand its gold resource and to advance its gold properties toward production. For more information, visit www.hglc.qualitystocks.net
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Proposes a Stock Repurchase Program
Tuesday, February 3rd, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Updates Shareholders on Status of Upcoming Dividend
Friday, January 30th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) to Commence a Nonstop Drilling Campaign; Updates Investors on Exploration Progress
Friday, January 30th, 2009
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.”
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) New Chairman Brings a Lifetime of Experience and Expertise
Wednesday, January 28th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Announces Sale of “Lookout Silver” Mine
Friday, January 23rd, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Completes Sale of American Molygold Corp.
Thursday, January 22nd, 2009
Hunt Gold Corporation announced today 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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Announces Update on Sale of “Lookout Silver Mine”
Wednesday, January 21st, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Announces Acquisition of Entire Lode Claim Block
Wednesday, January 21st, 2009
Today, Hunt Gold Corp. announced that it has completed the acquisition of an additional 56 lode mining claims (encompassing approximately 1,120 acres) at its “Mockingbird” Gold Project in Arizona. According to the press release, exploration work done by the previous owner, Anaconda, exposed anomalous gold throughout a two square mile area. Anaconda believes the property has the potential to hold 1,000,000+ ounces of gold.
Hunt Gold CEO Mike Saner commented, “We have added over an additional 2 ½ square miles of lode mining claims this month to our flagship gold exploration project. These additional mining claims greatly enhance the Company’s land position, and, most important, complete the addition of the former Anaconda claim block.”
Previous gold mining activities at Mockingbird have been concentrated at four mines located in the lower plate of the Mockingbird Detachment Fault. According to Anaconda’s geochemical and seismic work, it is likely that the gold mineralization continues under the Mockingbird Detachment Fault as buried gold deposits. The 56 new lode claims cover the upper plate of this fault in the likely areas for continuation of the gold mineralization. A geochemical grid will be laid out over this area soon to identify drill targets for the next drill campaign which is planned to commence next month.
The additional lode mining claims also cover possible drill targets that were discovered during Hunt Gold’s recent drilling at the property, most notably the Rico shafts located in the north central part of Section 26. Mineralization at Rico appears very similar to that found at the Mockingbird Mine to the north, which was the largest past producer of gold at the property.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Appoints Patrick O’Hara as Its Senior Geochemist
Tuesday, January 20th, 2009
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.”
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Enters Agreement to Sell “Lookout Silver Mine”
Friday, January 16th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Announces Acquisition of Additional Mines and Stakes 26 Lode Mining Claims
Thursday, January 15th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Announces Completion of January Drilling Campaign
Thursday, January 15th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Reports Encouraging Drilling Results
Wednesday, January 14th, 2009
Hunt Gold Corp. announced that it has completed its 7th drill hole for its current drilling program at the “Mockingbird” Gold project in Arizona. The hole encountered a broad shear zone from 115 feet to 147 feet. The zone included multiple zones of hydrothermal alteration brecciation cemented with sulfide-clouded quartz.
The company is so encouraged with these results that it is altering the azimuth for the 8th and final hole for the current drill campaign. This hole will now have an azimuth of 180 degrees and will be aimed directly under the historic workings of the Dandy Gold Mine. The eighth hole, begun yesterday, is anticipated to reach completion later today.
The Mockingbird Gold property was previously owned by Anaconda who found anomalous gold throughout 2 square miles and estimated that the property has a potential resource of 1,000,000+ ounces gold. The project was terminated because the company’s corporate parent, oil giant ARCO, shut down Anaconda because of unrelated reasons, most notably environmental liabilities at its Butte, Montana copper mine. Hunt Gold has obtained available Anaconda exploration reports and other materials regarding the Mockingbird that has led the company to conclude that Anaconda was closed before any drilling could be done.
Similarly, Hunt Gold’s Ambassador Project was previously owned by UNC, the gold subsidiary of United Nuclear Corporation. According to Hunt Gold, the preliminary work done by UNC indicated a potential resource of 1,000,000+ ounces gold, and a multi-year phased exploration effort was planned for Ambassador. However, the company refocused its efforts on uranium, and all of its gold projects were abandoned.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Stakes an Additional 71 Claim Blocks Surrounding Its “Mockingbird” Gold Project
Tuesday, January 13th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Keeps Investors Updated with More Info on Drilling Operations
Monday, January 12th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp.’s (HGLC.PK) Properties have Huge Potential
Monday, January 12th, 2009
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.
Let us hear your thoughts: Hunt Gold Corporation Message Board
Posted in Hunt Gold Corp. HGLC | No Comments »
Hunt Gold Corp. (HGLC.PK) Updates Shareholders Regarding Current Operations and Future Plans
Thursday, January 8th, 2009
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.
jpm just lost any ground they had over last two years lol!
thier from Texas originated in Galveston court, they aint gonna quit lol
im pissed maybe i should obstain from any more venting of my opinion even though im dam right.
I believe company has gold. company has made deal with NMGL and recieved preferds representing 100% south copperstone and bouse gold claims. I believe the company when it said the preferds had a value of .0034 per each of my FFGO shares. I believe the preferds have been distributed to FFGO subsidiary wich part are MINE! because i own a crap load of this dam company FFGO pay me company. I also believe the dam gold in the ground exceeds the dam value they got for it so pay me my dam crap share and take your dam pound of flesh.
load preferds punch button.
thats exactly why im agrivated ; pay me my A and B NMGL PREF
they are there so; audit, cusip, call the ta . put in my acount, thank you
cautiouse but optomistic lol
1.03 Closing. The closing of the transaction contemplated herein ("Closing") shall take place on August 17, 2010 in the City of Las Vegas, or at such other place as Purchaser and Seller mutually agree at the Closing. At Closing, the following shall be delivered (the "Closing Documents"):
(a) Purchaser shall deliver to Seller:
(i) Stock Certificates representing the Preferred Shares pursuant to Section 1.02(a) of this Agreement;
(ii) An instrument of assumption acceptable of loan account and loan notes pursuant to Section 1.02(b): and
(iii) A secretary's certificate (or equivalent) certifying the resolutions of the board of directors of Purchaser which, among other things: (a) approve the execution and delivery of this Agreement and the carrying out of the transactions contemplated hereby; and (b) approve the purchase of the Shares.
(b) Seller shall itself deliver to Purchaser (or cause Western to deliver):
(i) Stock Certificate(s) representing the Shares together with stock powers thereafter duly endorsed as directed by Purchaser;
(ii) A secretary's certificate (or equivalent) certifying the resolutions of the board of directors of Seller which, among other things: (a) approve the execution and delivery of this Agreement and the carrying out of the transactions contemplated hereby; and (b) approve the purchase of the Shares; and
(iii) An instrument reasonably acceptable to Purchaser pursuant to which Searchlight Exploration, LLC agrees to the reduction of its Net Profits Interest in both the Bouse and South Copperstone Properties from 25% to 5%.
http://agreements.realdealdocs.com/Purchase-and-Sale-Agreement/STOCK-PURCHASE-AGREEMENT-2725977/
As a result of this amendment, the Net Profits Interest in the Bouse Gold, Inc. Project held by Searchlight Exploration, LLC was reduced to 5% from that of 25%.
Additionally, the Net Smelter Returns Royalty payable to Searchlight Exploration, LLC was modified from a flat 5% to a sliding scale royalty based on the price of gold. The
new royalty scale is as follows:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7385235
so it begins
here's a possible similar strategy; we/ffgo nmgl are not alone
We decided that our competitive advantage at xxxxx would be to evaluate, acquire, explore and develop gold deposits. From our inception, we determined that xxxx would not build or operate mines...we would look to partner or sell assets which were ready for production. Building mines adds considerable technical and financial risks and requires a different set of skills and resources. Nor did we wish to undertake grass roots exploration which is very high risk. We therefore narrowed our value-added proposition to three phases which would unfold as the gold price rose...acquiring known deposits, expanding them and defining their economic parameters. In our view, this was a relatively lower risk and less capital-intensive strategy consistent with the goal of optimizing gold ownership while limiting share dilution.
In effect, xxxx was conceived as a gold-in-the-ground ETF with the value-enhancing potential to expand gold ownership and upgrade the quality of gold resources without equivalent equity dilution, unlike above-ground gold ETFs.
its on nyse over 25bucks
stratigy is bifercayed between ffgo and nmgl but i feel idea is same
they just sold option on net smelter royalty 1.25% option for 100million with option to further .75 for 60more mil and still open to a jv partner so you see the many financing oportunities are available through them there interests, as i recall we just knocked about 20% off ours , my guess clears the way to work the deal; this deal above just made if exercised 160mil for 2% with plenty left for jv partner...just sayin ..these type deals are flowing out there.
'Re: TomSawyer post# 176500 Post # of 177385
Lmao.. So Reg Sho numbers are meaningless as are FINRAs? What a FRKN Joke.. I don't agree completely, and do respect the change in tone from the quotes below. smile I beleive the numbers are published for a reason confusing or not. I can believe there is a real problem with many compnaies having HUGE nss share positions, thus the BS laid out to me by phone with Mr. Sewall.
RM '
my interpitation mr sewall response
we have no threat of misrepresentation but could you please put that in writing so our legal department can confuscate the truth thank you lol; because if i told the truth my head would explode lol
..Confuscate. v. To confuse or confiscate one’s own and/or another’s intellect by logical fallacies and word tricks--by accident or by design--which may be done out of fear for learning that the confuscation is nothing but a mask for nothing. Usually, though, the knot of confuscation bears threads of truth and untruth and/or half-truths. Confuscators, those who confuscate, often toss these knots aside as too Gordian or simplistically slice through them with swords.
yes it undermines his/thier premis, agree
yes they make it easy just focus on premis not declerations then its like fish in a barrel, lol
In logic, an argument is a set of one or more declarative sentences (or "propositions") known as the premises along with another declarative sentence (or "proposition") known as the conclusion. Aristotle held that any logical argument could be reduced to two premises and a conclusion.[1] Premises are sometimes left unstated in which case they are called missing premises, for example:
Socrates is mortal, since all men are mortal.
It is evident that a tacitly understood claim is that Socrates is a man. The fully expressed reasoning is thus:
Since all men are mortal and Socrates is a man, it follows that Socrates is mortal.
In this example, the first two independent clauses preceding the comma (namely, "all men are mortal" and "Socrates is a man") are the premises, while "Socrates is mortal" is the conclusion.
The proof of a conclusion depends on both the truth of the premises and the validity of the argument.
irrevocable consent they have, look it up its there
'impact' i like that word, as in brace`for impact"
follow up on no green shoots; http://www.contraryinvestorscafe.com/jim-willie-radio/
global qe3` silver
1 mile 4921ft extrapolation 100yrds wide= 1,476,300sqft.
200ft depth = 295,260,000cubic ft/cubicyard,3cubed,27=
10,935,555 yards aprx 1ton each
at .03 oz ton= 328,066 oz au
at .05 oz ton= 546,777 oz au
at .1 oz ton= 1,093,555 oz au
at .3 oz ton= 3,280,777 oz au
south copperstone; is contiguous to a property that has a 6oz hole
check my math