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.
(Marketwire) -- 02/26/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) has acquired an additional 1,600 acres of mining claims that have been staked south of its existing claim block at the Company's "Mockingbird" Gold Project in Arizona.
- Company is in negotiations to acquire more advanced stage Gold Mining projects that include proven reserves or proven and probable gold resources, in order to move from an Exploration Company to that of a Mining Company.
- An additional 1,100 acres of mining claims are still in the process of being staked. The exact locations cannot yet be released for competitive reasons, but will be announced upon completion of the process.
- Company's "Mockingbird" Gold property is now 4,500 acres following the Company's additional purchases in the past few months. This excludes the additional 1,100 acres currently being staked by the Company.
The claims were staked by an association affiliated with the original project vendor, and are being acquired by Hunt Gold Corporation following the recordation with the Mohave County Recorder and the Bureau of Land Management. This will bring the project total to about 4,500 acres.
The new claims extend for 2 miles south and west from the "Dandy" and "Great West Mines" which form part of the Company's "Mockingbird" Gold Project, near the summit of Mount Perkins. This includes all or part of Sections 27, 33, 34 and 35 of Township 26 North, Range 21 West and Sections 3 and 4 of Township 25 North, Range 21 West.
The Section 27 claims were added in the southwest quarter of that Section in order to cover the possible southwest extension of the gold mineralization encountered at the "Dandy" Gold Mine during the recent drill campaign. Hunt Gold Corporation's "Dandy" Mine is located in the southeast quarter of Section 27.
Previous work by Chevron found anomalous gold in Section 35. Another major exploration company, Lac Minerals, held the ground to the south at that time. Past conversations with the former Chevron exploration manager indicated that secondary gold mineralization was located in pegmatites in the area. This was consistent with observations by Hunt Gold Corporation personnel during the ongoing rock chip geochemical sampling that some of the pegmatites appeared to be mineralized.
Additionally, historic mine workings (shafts, adits and drifts) were found in Sections 34 and 35 and the ground appeared to be altered and mineralized. The Hunt Gold Corporation team had planned to await the assay results from the rock chip sampling before staking additional claims. However, Company personnel on the ground had observed a growing number of unidentified low altitude helicopter flights over the area, and acted to have it claimed before any competitors could move in.
An additional 1,100 acres of mining claims are still in the process of being staked, based on similarly compelling reasons. The exact locations cannot yet be released for competitive reasons, but will be announced upon completion of the process.
In response to a number of inquiries, the Company also wishes to clarify the reporting of the results of its recent successful drilling campaign at its "Mockingbird" Gold Mining Project in Arizona.
First and foremost, the Company is very encouraged that the assay results demonstrate that there is gold at this property. All of the eight drill holes encountered gold mineralization. Three holes encountered intervals of commercially interesting gold. One of these was .16 ounces of gold per ton, which the Company considers to be "high grade" as it is over .1 ounce per ton.
In mineral exploration, "proven reserves" require that there be close spaced drilling to give assurance of continuity of the gold deposit, as well as a feasibility study demonstrating that the deposit can be mined at a profit. Obviously a lot of drilling must take place to get to this point, and that is what Hunt Gold Corporation is in the process of doing. The gold mineralization at the Company's "Mockingbird" Gold Project cannot be considered to be a "proven reserve" until much later in the "Mockingbird" exploration process.
While the Company's current activity is centered around generative exploration and the building of proven gold reserves by exploration over time, it is also in a position to consider acquisition of more advanced stage projects that include proven reserves or proven and probable gold resources. A number of such potential acquisitions are presently being evaluated subject, of course, to customary requirements of confidentiality.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------
For further information contact:
MDM Worldwide Solutions, Inc.
(Investor Relations Enquiries)
E Mail: Email Contact
Telephone: (646) 961-4458
NITE is, IMO Naked Shorting this stock, I wish HGLC could declare and pay a cash divi and burn NITE!
NITE is, IMO Naked Shorting this stock, I wish HGLC could declare and pay a cash divi and burn NITE!
More NEWS (Marketwire) -- 02/24/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced yesterday and today, the assay results from the first eight drill holes of its first recently completed drilling campaign at the Company's "Mockingbird" Gold Project in Arizona. The assay work was done by Jacobs Assay of Tucson, Arizona.
COMPANY HIGHLIGHTS:
-- All of the first eight drill holes encountered Gold Mineralization.
-- Eighth Drill Hole encountered High Grade Gold Mineralization.
-- The Assay Results have matched and in fact beaten, the Company
Management's expectations.
-- Company has now proven that it has viable Gold Mining properties which
will be exploited by Management on a "fast track;" yet scientific and
methodical approach.
-- Management determined to make Hunt Gold Corporation one of the most
aggressive and successful Junior Mining Companies in the USA. The Company
already has the Management and top class Executives in place to achieve
this goal.
-- Company has significantly increased its Claim Blocks in strategic
locations surrounding its "Mockingbird" Gold property; sparing no expense
to obtain these vital claims. The Company now has huge amounts of claim
blocks throughout its portfolio of Gold Mining properties.
-- Extensive new Drilling Contract to be announced this week utilizing
new drilling equipment which is far faster and more cost effective than
previous drilling.
-- Company's new Funding arrangements already in place to commence a "Non
Stop Drilling & Exploration Campaign."
-- Company's Geologists preparing detailed reports reflecting the impact
of these first Assay Results coupled with a Gold price of nearly
US$1,000/oz. Management is extremely bullish on the price and the outlook
for Gold in the immediate and for the long term.
-- Company in the process of the launch of its web site with its recently
appointed IR Firm, MDM Worldwide Solutions, Inc.
-- Company's Joint Venture Company has already acquired an amount of
3,028,863,000 shares of Company's "free trading" Common Stock in a series
of "off the market transactions" an average price of US$0.0001 per share;
as a short to medium term investment. This Joint Venture Company to
continue to purchase shares of the Company's stock; in the market; and
after the launch of the Company's web site. These purchases have massively
reduced the number of our shares being offered in the market.
-- Company Management satisfied that the Company's stock price will
shortly trade at far higher levels as our results are analyzed and as
significant Investors commence purchasing the Company's stock.
-- Stock Buyback & Cancellation to proceed after web site launch.
-- Company retains an interest in Silver Mining Sector; through its stock
holding in a Silver Company valued at US$65 million following the disposal
of its "Lookout Silver" interests.
-- Company to pay Stock Dividend in due course following the sale of its
American Molygold Corp. subsidiary Company.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail : Email Contact
Telephone : (646) 961-4458
Contact : Richard Hausig
Hunt Gold Corporation (Corporate Enquiries)
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Marketwire) -- 02/23/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces the assay results from the first five drill holes of its first recently completed drill campaign at the Company's "Mockingbird" Gold Project in Arizona. The assay work was done by Jacobs Assay of Tucson, Arizona.
- 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 your Management Team. These additional Assay Results will be announced shortly.
- Based upon proven historical geological and drilling and 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.
All five drill holes encountered gold mineralization. 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. Open pit gold mines in the Arizona / California / Nevada region have profitably mined gold that assayed as low as .02 ounces per ton, although 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.
Hunt Gold Corporation's CEO, Michael G Saner stated that "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." Mike Saner added that "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."
As previously announced, the Company is well underway in establishing a geochemical control grid at the property. Over 50 rock chip samples have been taken so far from numerous historic workings throughout the 4+ 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.
The main targets for the next round of drilling will be in 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.
The assay results for gold and silver for the first five holes are:
Hole Number Interval (feet) Gold (ounces / ton) Silver (ounces / ton)
---------------- --------------- ------------------- ---------------------
Great West Mine
GW-08-1 70 - 95 < .001 < .05
95 - 100 < .001 .05
100 - 105 .002 .05
105 - 110 .005 .05
110 - 115 .070 .10
115 – 120 .001 < .05
GW–08-2 80 – 85 < .001 .05
85 - 90 .001 .05
90 – 100 < .001 .05
100 – 105 < .001 .10
105 – 115 < .001 .05
115 – 120 .001 .10
GW-08-03 37 – 40 .002 .05
40 – 45 < .001 .10
45 – 50 .003 .15
50 – 55 .003 .05
70 – 75 .004 .05
75 – 80 .006 .25
80 – 85 < .001 .05
85 – 90 .002 .05
90 – 95 .001 .05
95 – 100 < .001 .05
100 – 105 < .001 .10
105 - 110 < .001 .15
110 – 115 .001 .05
115 – 120 < .001 .15
GW-08-04 45 – 55 < .001 < .05
55 – 65 < .001 .05
65 – 70 < .001 .10
70 – 75 < .001 .05
75 – 80 < .001 .10
80 – 90 < .001 < .05
90 – 95 < .001 .15
95 - 100 .002 .10
100 - 105 .001 .15
105 – 110 .041 .15
110 – 120 < .001 .05
140 – 150 .001 .15
150 – 155 < .001 .20
Pocahontas Mine
P-08-1
107 - 110.5 < .001 < .05
110.5 - 115 .003 < .05
115 - 120 .001 < .05
120 - 125 .006 < .05
125 - 130 .003 < .05
130 - 135 .001 .10
Hunt Gold Corporation provides an additional update on its aggressive exploration program at the Company's "Mockingbird" Gold Project in Arizona.
Over the past two weeks, the Company's Head Project Geologist, Ed Huskinson and his team have sampled existing mine workings throughout the project's 4 square mile area. Approximately 40 of these samples were shipped out yesterday to an independent assay office; that being Skyline Labs of Tucson, Arizona. Workings with encouraging gold values in the samples will be considered for inclusion in the next round of drilling.
Some of these historic mine workings were located outside the Company's claim block. As a result, an additional 320 acres of mining claims have been staked this week, bringing the Mockingbird Project total claims to almost 3,000 acres.
Project management is in the process of preparing a new Notice of Intent to file with the BLM for the second round of drilling. The Company has completed reclamation of the minor surface disturbance from the first phase of drilling, so it will be able to transfer the BLM bond from the first phase of drilling to the second program.
In order to drill in Section 22 (where the historic Mockingbird Mine is located), the Company will need a special use permit from the State of Arizona. The State is requiring an archaeological survey prior to issuance of the permit. The Company is in the process of arranging for the archaeological survey, which is a routine requirement for operations on State of Arizona lands. As a result, the Company may start the second round of drilling with drill sites located on BLM ground, and drill in Section 22 later in the campaign once the State permit is obtained.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail: Email Contact
Telephone: (646) 961-4458
Contact: Richard Hausig
Hunt Gold Corporation (Corporate Enquiries)
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
(Marketwire) -- 02/20/09 -- First Platinum Retail Innovations, Inc. (PINKSHEETS: FPRT) confirms that it has entered into a Binding Agreement to acquire the "Bouse" and "South Copperstone" Gold Mining properties.
These properties are being acquired through the issue of 222,200,000 restricted shares of the Company's Common Stock at a price of US$12.50 per share of Hurasu Resource Corporation Common Stock. The amount of 167,200,000 restricted shares of the Company's Common Stock is being issued to acquire the "Bouse" Gold property and an amount of 55,000,000 restricted shares of the Company's Common Stock is being issued to acquire the "South Copperstone" Gold property
The largest single stockholder in both the "Bouse" and "South Copperstone" Gold properties is Western Diversified Mining Resources, Inc., a wholly owned subsidiary Company of Fortress Financial Group, Inc. (PINKSHEETS: FFGO).
An amount of 25,760,225 restricted shares of the Company's shares is being issued to Fortress Financial Group, Inc. (PINKSHEETS: FFGO) in settlement of the purchase of the "South Copperstone" Gold property and an additional amount of 38,800,814 restricted shares of the Company's Common Stock is being issued to Fortress Financial Group, Inc. (PINKSHEETS: FFGO) in settlement of the purchase of the "Bouse" Gold property and at a price of US$12.50 per share of Hurasu Resource Corporation Common Stock.
These shares of Hurasu Resource Corporation in the amount of 64,561,039 are to be distributed in full to Fortress Financial Group, Inc.'s stockholders as an Extraordinary Dividend at a date to be set by Fortress Financial Group, Inc.
The balance of the stock in both the "Bouse" and "South Copperstone" Gold properties is being acquired directly from the other stockholders in those properties; giving Hurasu Resource Corporation full ownership of both these Gold properties.
The Company announced on February 13, 2009 that it has changed its name to that of Hurasu Resource Corporation. Filings are being made to obtain a new CUSIP Number for the Company, to be followed by a change of the Company's name and its Trading Symbol.
Hurasu Resource Corporation is effecting a 10 for 1 Reverse Split of its outstanding Common Stock. The "Record Date" and "Pay Date" of this Reverse Split will be filed in due course.
The Company will complete its acquisitions of both the "Bouse" and "South Copperstone" Gold properties immediately post the aforesaid Reverse Split of Hurasu Resource Corporation's shares of Common Stock.
Hurasu Resource Corporation and its Transfer Agent will work alongside Fortress Financial Group, Inc. and its Transfer Agent; to facilitate the accurate and orderly payment of Fortress Financial Group, Inc.'s Extraordinary Stock Dividend of Hurasu Resource Corporation's restricted shares of Common Stock to eligible Fortress Financial Group, Inc. stockholders.
Hurasu Resource Corporation's Management looks forward to welcoming the large body of stockholders being brought onto our stockholder register through this Extraordinary Stock Dividend being paid by Fortress Financial Group, Inc. to its stockholders.
ABOUT FIRST PLATINUM RETAIL INNOVATIONS:
The Company has entered into Agreements to acquire a number of Gold Mining & Exploration properties; namely "Bonanza," "Clara," "El Dorado," "North Rawhide," "Ester Basin," "Potts Mountain" and "McCracken" Gold Projects. The Company's flagship Gold Mining Property is its "Bonanza." The Company has agreed to acquire two additional Gold Mining Projects, those being "South Copperstone" and "Bouse." The Company will conclude these transactions post the Reverse Split of its outstanding shares of Common Stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------Contact:
First Platinum Retail Innovations, Inc.
Ronald Y Lowenthal
President
Email Contact
(Marketwire) -- 02/20/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that the soaring Gold price, now close to US$1,000/oz will have a profound impact on the value of the Company's Gold Mining properties.
The Company's retained interest in Silver Mining through its stockholding in a Silver Company; obtained through the sale of its "Lookout Silver Interests" are also profoundly impacted by the new highs in the price of Silver.
Hunt Gold Corporation's valuation will continue to rise as Investors flee to "Safe Haven" investments; these primarily being both in Gold and Silver.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail : Email Contact
Telephone : (646) 961-4458
Contact : Richard Hausig
Hunt Gold Corporation (Corporate Enquiries)
(Marketwire) -- 02/19/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 14, 2008 that your Company had formed a Joint Venture Company, being a 50/50 partnership between your Company and a Mining Fund, to acquire shares of your Company's Common Stock as a short to medium term investment.
-- Total purchases to date by the Joint Venture Company now amount to 2,603,863,000 shares of your Company's "free trading" Common Stock after the Joint Venture Company acquired an additional 800 million shares of the Company's "free trading" Common Stock yesterday afternoon. This will have resulted in a massive reduction of the amount of the Company's shares being offered in the market, as from today.
-- Joint Venture Company's purchases are now definitely resulting in very significant reductions of your Company's shares of Common Stock being offered in the market by these Sellers. The Joint Venture Company and the Company's Management is now of the opinion that that they will be unable to purchase any further shares of your Company's Common Stock in these "off the market" transactions as we have been unable to attract any further Sellers at these prices after having identified all of the Sellers of the Company's shares of Common Stock who were prepared to sell all or part of their stockholdings. Additional purchases of the Company's shares of Common Stock by the Joint Venture Company will be effected in the market upon the launch of the Company's web site by the Company's IR Firm, MDM Worldwide Solutions, Inc.
The Joint Venture Company is not purchasing these shares of your Company's shares of Common Stock to increase your Company's stock price; this is a short to medium term investment in terms of the agreement between the Joint Venture Company partners.
The Joint Venture Company purchased an amount of 156,983,000 "free trading" shares of your Company's Common Stock on November 17, 2008, and at a price of US$0.00035 per share. The Joint Venture Company purchased on November 26, 2008, an additional amount of 196,880,000 "free trading" shares of the Company's Common Stock from another Seller and at a price of US$0.0003 per share of your Company's Common Stock.
The Joint Venture Company purchased on February 11, 2009, an additional amount of 750,000,000 "free trading" shares of the Company's Common Stock from another Seller and at a price of US$0.00007 per share of your Company's Common Stock.
The Joint Venture Company purchased on February 12, 2009, an additional amount of 300,000,000 "free trading" shares of the Company's Common Stock from another Seller and at a price of US$0.00007 per share of your Company's Common Stock.
The Joint Venture Company purchased on February 17, 2009, an additional amount of 400,000,000 "free trading" shares of the Company's Common Stock from another Seller and at a price of US$0.00008 per share of your Company's Common Stock.
The Joint Venture Company purchased on February 18, 2009, an additional amount of 800,000,000 "free trading" shares of the Company's Common Stock from another Seller and at a price of US$0.000075 per share of your Company's Common Stock. That Seller has cancelled its sales order in the market which was being offered at a price of US$0.0001 per share.
The Joint Venture Company is now holding an amount of 2,603,863,000 shares of your Company's Common Stock. All of these purchases were settled in cash.
These purchase by the Joint Venture Company were transacted "off market" to eliminate brokerage costs and to avoid the distortion of the Company's trading volumes.
Your Company's Management wishes to stress that the Sellers of your Company's shares of Common Stock were being forced to dispose of these shares due to financial pressures beyond their control and the Sellers were made fully aware that if they were in a financial position to enable them to hold these shares of your Company's Common Stock for a longer period of time, they would have achieved a far greater price per share.
These acquisitions of these additional shares of your Company's Common Stock by the Joint Venture Company will now result in a massive reduction in the amount of your Company's shares on offer in the market.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail: Email Contact
Telephone: (646) 961-4458
Contact: Richard Hausig
(Marketwire) -- 02/19/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) has authorized an issue of up to US$10 million of Convertible Bonds.
These Convertible Bonds are being issued to settle all existing Loans made to the Company and to be issued by the Company in tranches, going forward.
The Company will settle all existing outstanding Loans through the issue of these Convertible Bonds this month. This will leave Hunt Gold Corporation free of any debt by this month end.
Hunt Gold Corporation's cash requirements are extensive given (a) its extensive exploration and drilling program on its various Gold properties which will be an ongoing cost as no halt nor delay is planned for this program (b) its ongoing monthly overhead costs (c) the costs of its Geologists, Professional Advisors and Consultants (d) its fifty percent share of the Joint Venture Company which is actively acquiring shares of Hunt Gold Corporation's Common Stock for short to medium term investment purposes and (e) the proposed stock buyback and cancellation program announced by the Company.
The issue of these Convertible Bonds will eliminate all existing Loan Accounts owed by the Company to various Loan Holders whom are all Accredited Investors; and will be issued to these Accredited Investors as the Company raises additional sums of cash on an ongoing basis. This will serve to (a) Strengthen the Company's Balance Sheet by removing these Liabilities and (b) serve to avoid any issue of the Company's shares of Common Stock for cash, this is expected to be for a period of not less than one year.
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.
The Convertible Bonds have not been (and will not be) registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or any applicable exemption from registration requirements. No Underwriting Commissions or Discounts will be payable in any issue of these Convertible Bonds.
The Company is relying on Rule 506 of Regulation D as the applicable exemption from the registration requirements of the Securities Act of 1933. The Convertible Bonds are being issued only to "accredited investors," as such term is defined in Rule 501 of Regulation D.
The Company undertakes to inform its investors as it issues these Convertible Bonds.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail: Email Contact
Telephone: (646) 961-4458
Contact: Richard Hausig
I just spoke with CEO Brett Rodli a new phone number is coming soon, someone spammed the company number on Craigslist and they were getting lost of junk calls so they discontinued the number. Also ask him about the float and OS he said there have been no changes for over a year, Co. still moving forward. They are not dead!
(Marketwire) -- 02/13/09 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that First Platinum Retail Innovations, Inc. (PINKSHEETS: FPRT), now Hurasu Resource Corporation is completing its restructuring and has announced this morning confirmation of these actions.
Upon their completion of their Corporate Actions, we will be in a position to complete the Extraordinary Stock Dividend payment process.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------Contact:
Fortress Financial Group, Inc.
Alan Santini
Company Secretary
Email Contact
Tel: (954) 840-6961
Source: Fortress Financial Group, Inc.
(Marketwire) -- 02/13/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) today addresses the questions that investors have been asking about why it is taking so long to release assay results for the recent and initial drill campaign at the Company's "Mockingbird" Gold Property in Arizona. As your Company's Project Geologist Ed Huskinson often states, "Quality results take time."
Before the assay process even begins, the drill core needs 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 and hundreds of feet of drill core. The core from this drilling program was mostly gneiss (altered granite), a very hard rock indeed.
The splitting of the core took weeks of effort by Mr. Huskinson and his team. While the core from the very first hole was split and sent to the Assay Laboratory in late December of 2008, this process was not completed for the final and eighth drill hole until the end of last week.
Once at the Assay Laboratory, the drill core is processed at time frames which are at the Assay Laboratory's discretion and your Company's Management is in their hands, from a timeframe perspective. While current economic conditions have resulted in significantly less exploration activity by other mining companies, our work is not the only work undertaken at the Assay Laboratory. Once the Assay Laboratory started on our work on our core samples, the pulps are prepared from the split core. They are then put through the fire assay process, which is still the preferred choice for laboratories all over the world. 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 (Your Company is having its samples assayed for both gold and silver) 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 checks its calculation before releasing the assay results. This whole process can and does take over a month. The recent drill campaign was interrupted by the worst snow storm in the Las Vegas area since 1979; this coupled with the Assay Laboratory closed for the Holidays, so no assay work (other than preliminary sample preparation) was begun by the Assay Laboratory lab until January of 2009.
Hunt Gold's Management 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 verifying that the four mines at the Mockingbird Property historically produced gold. Please be aware that Your Company's Management has, collectively, over 200 years of experience between them, and we would not be expending enormous sums of money and energy on these projects unless we were convinced that our efforts are based on provable numbers, and that we have the wherewithal to significantly increase our productivity, as well as our reserves.
The tailings of all four mines, plus the Williamson and Blue Copper Mines, all forming part of the Company's "Mockingbird" Gold Mine were previously sampled by Geologist John McIntyre. These samples were taken from the waste rock piles and represented mineralization that the previous miners regarded as too low grade to send through the mill, so they should not be viewed as representative of the remaining unmined deposit. These tailings may in fact prove to be an as of yet unrecognized significant additional asset, due to more modern refinery capabilities than were previously employed.
Jacobs Assay at that time, released the following results for McIntyre's sampling (values in ounces per ton):
Mockingbird Mine:
Sample # gold silver
37 .004 .30
38 .009 .75
39 .026 .30
40 .008 .10
41 .003 .15
42 .002 .25
Great West Mine:
43 .003 .35
44 .271 .65
45 .067 .40
46 .002 .10
Pocahontas Mine:
47 .003 .30
48 .001 .05
49 .025 .05
50 .003 .05
Dandy Mine:
51 .003 .10
52 .004 .10
53 .063 .25
54 2.024 1.10
55 .005 .05
56 .022 .20
Williamson Mine:
1 .026 .35
2 .049 .25
3 .050 .40
4 .005 < .05
5 < .001 < .05
Blue Copper Mine:
.024 < .05
Of these 26 samples, all but one had detectable gold, and all but 3 had detectable silver. While your Company will not know the cut-off grade for what is considered "ore" until a feasibility study is completed following drilling out of the project, open pit gold deposits in the Arizona, Nevada and California area have profitably mined ore with a grade as low as .02 ounces of gold per ton, so 11 of the 26 samples had a potentially economic gold grade. Finally, two of the samples could be considered "high grade," with a gold content over .1 ounce per ton (one sample at the Dandy mine was over 2 ounces per ton).
In summary, your Company has no doubts whatsoever that there is gold at the Mockingbird Property. Whether the first 8 drill holes encountered gold will only be known when the assay results are received.
In the interim, we shall be announcing the awarding of the drilling contract; the recipient of this contract(s) will be drilling on a number of your Company's Gold properties' drill sites continually being selected by our Professional Geologists. This will be a "non stop" drilling process with no breaks whatsoever in drilling, (barring adverse weather conditions); using a "state of the art," faster and less costly drilling process. The present intention 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 drill rig minimizes the need to construct drill roads, thus operating in a much more environmentally friendly manner with minimum disturbance, and having the added benefit of greatly reducing BLM bonding requirements.
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 this program 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.
This approach by the Company is a very "fast track," yet scientific approach designed and calculated to produce enormous amounts of data over this year with daily drilling results and ongoing Assay Results being published from our various Gold Mining properties. We will be continually drilling throughout this year to expand our gold resource and to advance our gold properties toward production. Nonstop exploration is at the heart of Hunt Gold's business model. Drilling will be expeditious and at best cost. Drill targets will continue to be selected in a prudent and geologically sound manner. Announcement of assay results will be regular and periodic as an ongoing part of the business.
Stockholders are reminded that their Company has only performed initial drilling on very small sections of its "Mockingbird" Gold property.
The new drilling campaign commencing this month will focus on 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. Exploration will be done during 2009 primarily at but not limited to your Company's "Golden Eagle," "Ambassador," "Venezia," "Starlight" and "American Flag" Gold Mining properties, as well as the continued "fast track" exploration taking place at our extensive "Mockingbird" Gold Project.
Hunt Gold Corporation's CEO, Mike Saner, stated that "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 that "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."
Your Company is committed to strict compliance with any and all environmental requirements. As noted above, we are designing our exploration program to minimize environmental disturbance. Your Company is also committed to mine safety. In cooperation with the BLM and the Arizona State Mine Inspector, numerous former shafts, adits and other workings on the Mockingbird Gold property have been safety fenced, and official warning signs have been posted.
Your Team of Professionals at Hunt Gold looks forward to continually updating its shareholders about our progress in these exciting and timely endeavors.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
MDM Worldwide Solutions, Inc.
(Investor Relations Enquiries)
E Mail : Email Contact
Telephone : (646) 961-4458
Contact : Richard Hausig
Hunt Gold Corporation
(Corporate Enquiries)
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation--------------------------------------------------------------------------------
Public Companies Associated with this story:
(Marketwire) -- 02/12/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has appointed MDM Worldwide Solutions, Inc. as its Investor Relations firm and with immediate effect.
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
Your Company's Management has recognized the need to immediately implement this Investor Relations interaction in order to impart to our stockholders all timely information and for all stockholder requests for information on their Company to be dealt with immediately; given the huge demands upon your Company's Management's time to deal with the overwhelming amount of requests for information from their stockholders.
MDM Worldwide Solutions, Inc. will serve as a "bridge" between your Company's Management and its stockholders. All requests for information from stockholders are asked to be directed to MDM Worldwide Solutions, Inc. who will ensure that all enquiries are promptly and accurately responded to; and where necessary will obtain the information from the Company's Management on a daily basis.
Stockholders are asked to bear in mind that not all requests for information may be satisfactorily addressed due to ongoing or pending deals with third parties but your Company's Management will abide by a "Full and Accurate Disclosure Policy." Certain requests for information will only be addressed by a Press Release to all stockholders in order to avoid privileged or sensitive information being released to individual stockholders prior to it being announced by the Company to all stockholders.
Your Company's Management is dealing with all outstanding issues at this time, in particular, the Stock Dividend payment which has been delayed by third parties and their professional advisors, a situation which is beyond your Company's control. We expect to have these issues resolved in due course and will issue a detailed and accurate Statement in respect of all of these issues; once your Company's Management is in possession of all the verifiable facts from all of the third parties involved in these various transactions.
Your Company's Management has elected to take the prudent and sensible approach which is designed to take the pressure off these third parties who will be responsible for the payment of these Stock Dividends. This approach by your Company's Management was decided upon in order to avoid any costly and time consuming mistakes being made in this Stock Dividend distribution, a situation which would not be in our stockholders best interests.
Your Company's Management wishes to extend its apologizes to all stockholders for these promised dates not having been met by the Company and will now be pursuing a policy "going forward" of not relying upon any third parties and their unsubstantiated promises in respect of completion dates; when announcing firm dates to our stockholders.
Stockholders may rest assured that the Stock Dividends in respect of your Company's sale of the "American Molygold" assets will be paid to stockholders and that your Company's Management is doing everything in its power to expedite the process whilst maintaining a sensible and prudent approach with the third parties responsible for the payment of these Stock Dividends.
Your Company's Management is satisfied that this process can be completed within a reasonable period of time but will not commit to any dates in respect of this "Record Date" until your Company's Management is completely satisfied that there will be no further delays from various third parties whom are delaying this process due to circumstances that we are satisfied are beyond their control at this time; and in so doing, are causing acute embarrassment to your Company's Management.
Your Company confirms that the proceeds from the sale of your Company's "Lookout" Silver interests will be retained by the Company.
Your Company's Management has been unable to complete the web site as promised due to the delays in the completion of the Reports of your Company's various Gold properties by the Company's Geologists, this being coupled with the endless delays in the integration of the "live data feed" to the Corporate web site, by the existing web site designers; and to that end; your Company's Management has now outsourced the completion and the ongoing management of your Company's web site to MDM Worldwide Solutions, Inc., your Company's Investor Relations firm.
The detailed Reports of each of your Company's Gold properties will be available for download from the Corporate web site as soon as they are completed. Your Company's Management is confident that this issue is resolved without any further unnecessary delays. The Company's Management concedes that these delays to date are inexcusable and apologize to their stockholders respectfully for these unacceptable delays.
Stockholders may rest assured that their Company's Management is acutely aware of the importance of a professional, detailed and informative Corporate web site and one that is updated on a daily basis with new information as it becomes available. MDM Worldwide Solutions, Inc. will be responsible for the management of your Company's Corporate web site, daily upgrades, marketing as well as very regular informative E Mail distribution to your Company's Corporate web site subscribers.
The Company is expecting the final Assay results from the core samples from the first drill campaign and will be publishing these results once completed by the Laboratory.
Your Company is in a position to confirm that next "Non Stop" Drilling phases on a number of your Company's Gold Mining properties will commence this month, as scheduled. Your Company will be announcing the awarding of those drilling contracts upon our final evaluation of the quotes and tenders received from various drilling contractors. The Company's Geologists are continuing to identify drill sites on the Company's various properties.
Your Company's Management would like to remind all of our present stockholders, and to inform our future stockholders, that we have every intention of becoming a proven leader in our field of expertise, that we have the "wherewithal" to do so, without asking our loyal shareholders to contribute financially to our costly exploration and drilling. We are in a strong financial position going forward, especially when compared to the many Junior Companies in the Mining Sector who are continually seeking cash for "working capital" from their stockholder base or through other various forms of stock placements, at substantial discounts; and for the most, unsuccessfully or on prejudicial terms to their stockholder base.
Your Company has assumed the financial risk, and is committed to the aggressive growth in the value of your Company's Gold Mining properties and its stockholdings in the Silver business obtained by your Company through the disposal of its "Lookout" Silver properties.
Your Company's Management is aware that these are troubling times for many stockholders, but given the continued strength in the price of Gold and with your Company's Management's very strong belief in the sustainable strength in the price of Gold; this being based not only upon supply and demand factors for the metal but also for its current treasured "safe haven" status in these turbulent economic times; that the prospects for your Company could not be more promising at this time.
Your Company's ongoing and extensive exploration of its Gold Mining properties will continue to add value to your Company's stock as we continue to seek out and prove additional gold reserves on your Company's various Gold Mining properties whilst formulating long term plans to bring certain of your Company's Gold Mining properties into production.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.
For further information contact:
Contact: Richard Hausig
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail: huntgold@mdmworldwide.com
Telephone: (646) 961-4458
Hunt Gold Corporation (Corporate Enquiries)
E Mail: investor@huntgoldcorp.com
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
(Marketwire) -- 01/30/09 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) will be announcing its Extraordinary Stock Dividend dates and full details of the sale of its shares in its "Bouse" and its "South Copperstone" Gold Projects to Hurasu Resource Corporation on Wednesday, February 4, 2009 prior to the market open on that day..
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------Contact:
Fortress Financial Group, Inc.
Alan Santini
Company Secretary
Email Contact
Tel: (954) 840-6961
Source: Fortress Financial Group, Inc.
(GLOBE NEWSWIRE) -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) Chairman and CEO William Petty has authorized the Escala Mine to accelerate plans for initiating a gold recovery operation.
In releasing today's announcement, Mr. Petty said, "Reports made available to Franklin Mining's engineers and geologist by our COMIBOL partners indicate that the area of our Escala Mine concession known as the Cerro Blanco Dome is thought to contain an estimated 20 to 30 thousand ounces of gold. These reports were prepared in the early '90s by COMIBOL's previous joint-venture partners following extensive exploration, sampling and laboratory analysis. Franklin's mid-2007 surface exploration of this same area revealed no reason to doubt the accuracy of the earlier reports.
"With the Escala's silver recovery underway and a solid plan in place for further development of that operation, I have instructed General Manager Jaime Arancibia to direct his professional staff to finalize and present their plan for gold recovery in the area known as the Cerro Blanco Dome."
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------
CONTACT: A. S. Austin & Company
Investor Relations
702-386-5379
(GLOBE NEWSWIRE) -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) is continuing tunnel development at their Bolivian Joint-Venture silver mine. Phase II development, which includes a 3 Meter x 3 Meter x 30 Meter depth shaft, is set to begin in early 2009 and expected to increase future daily production approximately 100%.
Laboratory analysis of a 6,580 kilo shipment of concentrate from the Escala's Phase I tunnels indicates 77.16 troy ounces of Silver per ton. Phase I's current tunneling is nearly fully complete to its initial planned depth of 30 meters. Applying typical reserves calculations to the Escala's 2 Meter wide, 1.5 Km long mineralized vein structure, the approximate in situ reserves are 9,000,000 tons at the present 30 meter depth.
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
--------------------------------------------------------------------------------
CONTACT: A. S. Austin & Company
Investor Relations
702-386-5379
www.FranklinMining.com
(Marketwire) -- 01/23/09 -- Today, Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May made an announcement concerning ServeNation and the company.
Within the past couple of weeks, ServeNation was informed by several gift card sources that there have been scams in the gift card industry involving pink sheet companies. Since PINR is a pink sheet company it makes it more difficult or in some cases impossible for gift card companies to provide ServeNation with cards. In fact, today, ServeNation stores are currently offering about 30 fewer choices of cards than just two weeks ago. May stated, "To ensure the survival and long term success of ServeNation, we will immediately be removing any information related to ServeNation from our website and ending our involvement with the company."
May concluded, "This situation with ServeNation is extremely disappointing and has caused PINR to review its future plans. We have already begun investigating the requirements to become fully reporting. We are also looking at new holdings. Pine Ridge Racquet and Pine Ridge Fitness have had encouraging starts in 2009 despite the weak economy. PINR is a solid company and needs to be in a market of solid companies. These decisions have taken some time. PINR realizes that communication with its investors is important and hopes that its investors realize that silence during these past weeks was critical. We will be keeping our investors informed as we move up and begin open reporting. Please feel free to contact me with any questions."
Shareholders are encouraged to visit http://www.pineridgeholdings.com for informational updates.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
--------------------------------------------------------------------------------CONTACT:
Kevin May
260-637-9090
Source: Pine Ridge Holdings, Inc.
(Marketwire) -- 01/23/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has now completed the terms required in respect of the sale of its "Lookout Silver" Project by the staking of the six additional mining claims at its "Lookout Silver" Project in Arizona. As previously announced, this was a requirement of Hunt Gold Corporation's contract of sale for that property. The land package now includes lode claims on three vein systems that have been historic producers of silver and other metals.
The Company has added an additional 1,000+ feet on the Silver Belt vein, which almost doubles the 1,200 feet the Company already had on its "Lookout Silver Project" lode claim.
The Company also added almost a mile to its lode claims along the Kit Carson vein system. Finally, an additional 1,500 feet were staked along the Lady Alde vein.
Hunt Gold Corporation's CEO Mike Saner stated that "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."
The Company announced on January 16, 2009 that is disposing of its "Lookout Silver" Mine. The Company was required to stake additional claims surrounding this mine as a condition of the sale as it is disposing of the "entire package" that being "Lookout Silver" Mine and the additional surrounding claims.
This sale is being effected to allow the Company to concentrate exclusively on its Gold Mining interests and to obtain further funds to fund the massively expedited exploration and drilling campaigns currently underway.
The proceeds from the sale of the "Lookout Silver" Mine package; in the amount of US$65 million are being retained by the Company.
The Company can now confirm that this transaction will be concluded on February 2, 2009 as all conditions precedent have now been met, by the Company.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be completed in February of 2009. The Company has entered into an Agreement to dispose of its of its "Lookout Silver" Mining Interests on February 2, 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
8-K OUT The Company corrects certain information in respect of the Stock Dividend payments in respect of the Hurasu Resource Corporation transaction as follows :
PURCHASE OF MINORITY STOCKHOLDER INTERESTS IN "BOUSE" AND IN "SOUTH COPPERSTONE" BY "HURASU":-
Hurasu has agreed to purchase the balance of the stock in "Bouse" and "South Copperstone" held by minority stockholders at the same price per share as set out above.
Stockholders of Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who were stockholders of Record on November 7, 2005 (not 2006 as previously stated) received stock in Bouse Mining Holdings plc. Hurasu is purchasing their shares in Bouse at a price of US$0.76 for every 1 (one) share held. The Transfer Agent to Fortress Financial Group, Inc. furnished the Company with a list of eligible stock holders at that Record Date. Those eligible stockholders who held stock in "Street Names" at that date; will have their shares in Hurasu distributed by the DTCC and not by the Transfer Agent to Hurasu.
Stockholders of Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who were stockholders of Record on December 2, 2005 received stock in Copperstone Mining Holdings plc. Hurasu is purchasing their shares in Bouse at a price of US$0.25 for every 1 (one) share held. The Transfer Agent to Fortress Financial Group, Inc. furnished the Company with a list of eligible stock holders at that Record Date. Those eligible stockholders who held stock in "Street Names" at that date; will have their shares in Hurasu distributed by the DTCC and not by the Transfer Agent to Hurasu.
These shares of Hurasu being paid in respect of the outstanding Stock Dividends will complete the outstanding Stock Dividends declared by Fortress Financial Group, Inc.
These purchases of the balance of the stockholdings will be transacted on a separate date from the Extraordinary Dividend to Fortress Financial Group, Inc. stockholders as set out in this filing.
Upon the completion of these transactions, both "Bouse" and "South Copperstone" will be wholly owned by Hurasu.
BACKGROUND ON THE HURASU RESOURCE CORPORATION TRANSACTION:
1. First Platinum Retail Innovations, Inc. (Symbol : FPRT) quoted on the OTC Markets and incorporated in the State of Nevada has changed its name to that of Hurasu Resource Corporation (hereinafter referred to "Hurasu"). This Company presently is quoted at US$1.25 per share. Hurasu trades on the "Grey Market" at this time. The Directors of Hurasu are preparing to file with both the Securities & Exchange Commission and with FINRA; the requisite documentation in order for Hurasu to trade on the OTC BB Market.
2. Hurasu is obtaining a new CUSIP Number and Trading Symbol at this time.
3. Hurasu is effecting a Reverse Stock Split of 10 for 1 at this time, prior to it acquiring any assets. The price of Hurasu quoted post the Reverse Split will be US$12.50 per share.
4. Upon the "Pay Date" of Hurasu's Reverse split of its Common Stock, Hurasu will acquire very substantial Gold Mining & Exploration assets. These transactions are all agreed and concluded.
5. Hurasu will then immediately acquire the entire issued Share Capital of the two companies (namely Bouse Mining Holdings plc and Copperstone Mining Holdings plc) which own the "Bouse" and the "South Copperstone" Gold Mining & Exploration properties through an issue of Hurasu restricted shares of Common Stock and at a price of US$10.00 per share of Hurasu Common Stock.
--------------------------------------------------------------------------------
6. The Company owns an amount of 510,537,026 shares of Bouse Mining Holdings plc (hereinafter referred to as "Bouse").
7. Hurasu will be paying US$0.76 for every 1 (one) Ordinary Share in Bouse. The Company will receive an amount of US$388,008,140 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares are be priced at US$10.00 (ten dollars) each for the purposes of this calculation. The Company will receive an amount of 38,800,814 shares of Hurasu Common Stock in respect of this transaction.
8. The Company owns an amount of 1,030,421,001 shares of Copperstone Mining Holdings plc (hereinafter referred to as "Copperstone").
9. Hurasu will be paying US$0.25 for every 1 (one) Ordinary Share in Copperstone. The Company will receive an amount of US$257,602,250 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares will be priced at US$10.00 (ten dollars) each for the purposes of this calculation. The Company will receive an amount of 25,760,225 shares of Hurasu Common Stock in respect of this transaction.
10. Upon the Company's receipt of the amount of 64,561,039 shares of Hurasu Common Stock; it will immediately set a "Record Date" and a "Pay Date" for the distribution of these shares of Hurasu Common Stock to its stockholders. These shares of Hurasu Common Stock being distributed to Fortress Financial Group, Inc. stockholders will bear a restrictive legend for a period of 2 (two) years) from their date of issue.
11. The amount of 64,561,039 shares of Hurasu Common Stock being received by Fortress and being distributed to the Company's stockholders will amount to less than 5% of the outstanding shares of Hurasu Common Stock.
12. The Company announced on October 10, 2008 that the Company has reached an agreement with its Lender whereby funds will be advanced to the Company to meet ongoing costs and to pay for costs in respect of the distribution of the Extraordinary Dividend.
The Lender has agreed that these loans will be of an unsecured long term nature and that it will no longer require the Company to settle loans advanced through the transfer of shares held by the Company in Hunt Gold Corporation (HGLC.PK) Common Stock.
The Lender has agreed with the Company's Management that the Company must retain their shares in Hunt Gold Corporation (HGLC.PK) Common Stock primarily to make the Company a more attractive candidate for a Reverse Merger in the future and because of the inherent value of these shares in Hunt Gold Corporation (HGLC.PK) Common Stock.
13. On January 16, 2009 the Company has an amount of 31,562,377,817 shares of its Common Stock outstanding following the cancellation of stock repurchases by the Company. This has been verified by the Transfer Agent to the Company.
An additional 4,500,000,000 restricted shares of the Company are awaiting cancellation, the Transfer Agent requested additional paperwork in respect of those stock cancellations. These are in respect of the cancellation of the "Signing Bonuses" awarded to Alan Santini, Jack Chang and to Leslie Smiedt.
The amount of outstanding shares of the Company's outstanding will be in the amount of 27,062,377,817. This is the amount used in this Stock Dividend calculation.
The Company will receive an amount of US$645,613,390 in Hurasu shares of Common Stock; all to be distributed to its stockholders as an Extraordinary Dividend.
Based upon the number of outstanding shares; the value of this Extraordinary Dividend is valued at US$0.0239 per 1 (one) share of Fortress Financial Group, Inc.
A detailed calculation is set out below.
CALCULATION OF THE VALUE OF THE EXTRAORDINARY DIVIDEND:-
As at January 16, 2009, an amount of 510,537,026 shares of Bouse Mining Holdings plc (hereinafter referred to as "Bouse") are held by Western Diversified Mining Resources, Inc. (hereinafter referred to as "Western"); a wholly owned subsidiary of Fortress Financial Group, Inc.
As of January 16, 2009, the Company entered into a binding Heads of Agreement to dispose their entire shareholding in Bouse to Hurasu. This is to be settled through the issue of Shares of Common Stock in Hurasu.
Hurasu will be paying US$0.76 for every 1 (one) Ordinary Share in Bouse.
The Company will receive an amount of US$388,008,140 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares will be priced at US$10.00 (ten dollars) each for the purposes of this calculation.
An amount of 1,030,421,001 shares of Copperstone Mining Holdings plc (hereinafter referred to as "Copperstone") are held by Western as at September 17, 2008.
As of August 25, 2008, the Company entered into a binding Heads of Agreement to dispose their entire shareholding in Copperstone to Hurasu. This is to be settled through the issue of Shares of Common Stock in Hurasu.
Hurasu will be paying US$0.25 for every 1 (one) Ordinary Share in Copperstone.
The Company will receive an amount of US$257,602,250 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares will be priced at US$10.00 (ten dollars) each for the purposes of this calculation.
Hurasu is currently undergoing a change of CUSIP Number and Trading Symbol coupled with the name change to that of Hurasu Resource Corporation following their recent acquisition of the "Bonanza" and "Santa Clara" Gold Mining & Exploration Companies.
Hurasu has three detachment fault properties, those being "Bonanza", "North Rawhide" and "Santa Clara" which are on the same trend as both "Bouse" and "South Copperstone".
--------------------------------------------------------------------------------
15. BACKGROUND ON "BOUSE" AND "SOUTH COPPERSTONE":-
"Bouse" and "South Copperstone" are both located in gold-rich La Paz County, Arizona, and represent a class of deposits known as detachment fault deposits. This type of deposit is prevalent on both sides of the Colorado River in both Arizona and California, and mineable resource is typically in the 500,000 ounces to 5 million ounces gold range, with a grade of .05 to .2 ounces of gold per ton.
The detachment fault type of deposit was first recognized in the 1980’s with the discovery of the Copperstone gold deposit, from which Cyprus Minerals mined 500,000 ounces of gold by open pit. Another mining company is presently exploring the remaining underground resource (which is believed to exceed 400,000 ounces) and is assessing feasibility of reopening the mine. The nearby Mesquite deposit, located in Imperial County, California, is also viewed as a detachment fault deposit. Mesquite is several times the size of the Copperstone Deposit and was mined for many years by Newmont; Mesquite is presently operated by Western Goldfields.
The South Copperstone property is a large contiguous claim block immediately south of the Copperstone Mine. Past drilling has identified gold in quartz latite, as well as a geophysical anomaly in the center of the South Copperstone Claim block. Further geophysical (including magnetic) work is planned to develop future drill targets.
The Bouse property was previously explored by Homestake Gold (now part of Barrick), which found gold mineralization throughout the property. Drill data is available for approximately 80 Homestake drill holes. Previous work by another mining company identified a 500,000 ton resource along two high angle faults that were not extensively drilled by Homestake. Exploration plans include integration of results from the previous exploration and new geophysical (including magnetic) work to identify additional drill targets, particularly along the high angle structures, with a view toward increasing the resource.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
None.
(Marketwire) -- 01/21/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced on January 16, 2009 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 as it is disposing of the "entire package" that being "Lookout Silver Mine and the additional surrounding claims."
The Company can confirm 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, thereby ensuring no delays in the completion of this transaction.
This sale is being effected to allow the Company to concentrate exclusively on its Gold Mining interests and to obtain further funds to fund the massively expedited exploration and drilling campaigns currently underway.
The proceeds from the sale of the "Lookout Silver" Mine package, in the amount of US$65 million, are being retained by the Company.
The Company can confirm that this transaction will be concluded on February 2, 2009.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009. The Company has entered into an Agreement to dispose of its of its "Lookout Silver" Mining Interests on February 2, 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 01/21/09 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) filed a Form 8-K on January 16, 2009 in respect of the payments of the Hurasu Resource Corporation shares of Common Stock to its stockholders.
This Form 8-K dealt with the forthcoming Extraordinary Dividend as well as the payment of the remaining outstanding Stock Dividends in "Bouse" dated November 7, 2006 and the "South Copperstone" Stock Dividend dated December 2, 2005. Certain stockholders have communicated to ourselves that these dates are incorrect; this is not the case, these dates have been verified by the Transfer Agent to the Company. The Company stands by the statements in the Form 8-K filed on January 16, 2009.
These historical outstanding dividend payments are being dealt with separately and are unrelated to and will in no way delay the payment of the Extraordinary Dividend.
The Company is now in a position to confirm that the Extraordinary Dividend "Record Date" and "Pay Date" will be announced shortly; the Company is awaiting completion of the final statutory details from Hurasu Resource Corporation. The Company confirms that the value of this Extraordinary Dividend is in the amount of US$0.0239 for every 1 (one) share of Fortress Financial Group, Inc. held at the "Record Date" to be announced.
Upon the completion of these Stock Dividend payments, the Company will have completed its Stock Dividend Payments; in full.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------Contact:
Fortress Financial Group, Inc.
Alan Santini
Company Secretary
Email Contact
Tel: (954) 840-6961
(Marketwire) -- 01/21/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has acquired an additional 56 lode mining claims (approximately 1,120 acres) at its "Mockingbird" Gold Project in Arizona.
The Company's CEO Mike Saner stated, "We have added over an additional 2 1/2 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."
Anaconda was the previous owner of the Company's "Mockingbird" Gold property. Its exploration work discovered anomalous gold throughout a two square mile area. Based on this work, Anaconda estimated the property's potential at 1,000,000+ ounces of gold.
Past gold mining at Mockingbird has been concentrated at four mines located in the lower plate of the Mockingbird Detachment Fault. Based on 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. As previously announced by Hunt Gold, a geochemical grid will be laid out over this area in the immediate future to identify drill targets for the next drill campaign which is planned to begin in late February, 2009.
The additional lode mining claims also cover some 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 closely resembles that found at the Mockingbird Mine to the north, which was the largest past producer of gold at the property."
Hunt Gold Corporation announced additional lode claim purchases on January 15, 2009; these being an additional 26 lode mining claims had been acquired at its "Mockingbird" Gold property in Arizona.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009. The Company has entered into an Agreement to dispose of its of its "Lookout Silver" Mining Interests on February 2, 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 01/20/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces that Mr. Patrick F. O'Hara has been appointed as the Company's Senior Geochemist effective immediately.
Pat O'Hara has a Ph. D in Geology from Arizona State University. He also has an M.A. and B.A. in Geology from Queens College of the City University of New York.
Pat O'Hara has 30 years of mineral exploration experience throughout the United States and Latin America. He is the author or co-author of over 70 scholarly geologic and geochemical articles and maps. Pat serves on the Board of Governors of the Arizona Department of Mines and Mineral Resources, he a position that he has held since 2005.
Pat O'Hara resides in Prescott, Arizona. His initial work for the Company 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. He will also be consulting to 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.
Pat's full resume will be available on the Company's Corporate website which is scheduled for completion very shortly.
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."
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Williamson," "Blue Copper Mine," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009. The Company has entered into an Agreement to dispose of its of its "Lookout Silver" Mining Interests on February 2, 2009..
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Mr. Michael G. Saner
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
New 8-K The Company confirms that it has been advised in respect of the Hurasu Resource Corporation transaction as follows :
1. First Platinum Retail Innovations, Inc. (Symbol : FPRT) quoted on the OTC Markets and incorporated in the State of Nevada has changed its name to that of Hurasu Resource Corporation (hereinafter referred to "Hurasu"). This Company presently is quoted at US$1.25 per share. Hurasu trades on the "Grey Market" at this time. The Directors of Hurasu are preparing to file with both the Securities & Exchange Commission and with FINRA; the requisite documentation in order for Hurasu to trade on the OTC BB Market.
2. Hurasu is obtaining a new CUSIP Number and Trading Symbol at this time.
3. Hurasu is effecting a Reverse Stock Split of 10 for 1 at this time, prior to it acquiring any assets. The price of Hurasu quoted post the Reverse Split will be US$12.50 per share.
4. Upon the "Pay Date" of Hurasu's Reverse split of its Common Stock, Hurasu will acquire very substantial Gold Mining & Exploration assets. These transactions are all agreed and concluded.
5. Hurasu will then immediately acquire the entire issued Share Capital of the two companies (namely Bouse Mining Holdings plc and Copperstone Mining Holdings plc) which own the "Bouse" and the "South Copperstone" Gold Mining & Exploration properties through an issue of Hurasu restricted shares of Common Stock and at a price of US$10.00 per share of Hurasu Common Stock.
6. The Company owns an amount of 510,537,026 shares of Bouse Mining Holdings plc (hereinafter referred to as "Bouse").
7. Hurasu will be paying US$0.76 for every 1 (one) Ordinary Share in Bouse. The Company will receive an amount of US$388,008,140 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares are be priced at US$10.00 (ten dollars) each for the purposes of this calculation. The Company will receive an amount of 38,800,814 shares of Hurasu Common Stock in respect of this transaction.
8. The Company owns an amount of 1,030,421,001 shares of Copperstone Mining Holdings plc (hereinafter referred to as "Copperstone").
9. Hurasu will be paying US$0.25 for every 1 (one) Ordinary Share in Copperstone. The Company will receive an amount of US$257,602,250 in shares of Hurasu Common Stock in respect of its sale of its entire stockholding Bouse to Hurasu. The Hurasu shares will be priced at US$10.00 (ten dollars) each for the purposes of this calculation. The Company will receive an amount of 25,760,225 shares of Hurasu Common Stock in respect of this transaction.
10. Upon the Company's receipt of the amount of 64,561,039 shares of Hurasu Common Stock; it will immediately set a "Record Date" and a "Pay Date" for the distribution of these shares of Hurasu Common Stock to its stockholders. These shares of Hurasu Common Stock being distributed to Fortress Financial Group, Inc. stockholders will bear a restrictive legend for a period of 2 (two) years) from their date of issue.
11. The amount of 64,561,039 shares of Hurasu Common Stock being received by Fortress and being distributed to the Company's stockholders will amount to less than 5% of the outstanding shares of Hurasu Common Stock.
12. The Company announced on October 10, 2008 that the Company has reached an agreement with its Lender whereby funds will be advanced to the Company to meet ongoing costs and to pay for costs in respect of the distribution of the Extraordinary Dividend.
The Lender has agreed that these loans will be of an unsecured long term nature and that it will no longer require the Company to settle loans advanced through the transfer of shares held by the Company in Hunt Gold Corporation (HGLC.PK) Common Stock.
The Lender has agreed with the Company's Management that the Company must retain their shares in Hunt Gold Corporation (HGLC.PK) Common Stock primarily to make the Company a more attractive candidate for a Reverse Merger in the future and because of the inherent value of these shares in Hunt Gold Corporation (HGLC.PK) Common Stock.
2
--------------------------------------------------------------------------------
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Fortress Financial Group, Inc.
Date: January 15, 2009 By: /s/ Alan Santini
Alan Santini
Company Secretary
(Marketwire) -- 01/15/09 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it is filing a series of Form 8-Ks in respect of the Extraordinary Dividend Payout.
The Company is pleased to announce that all terms, pricing per share and conditions of the Extraordinary Dividend remain unchanged and that we are now very positive that this process will be completed within the next six weeks; the "Record Date" and the "Pay Date" of this Extraordinary Dividend will be announced this month.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------Contact:
Fortress Financial Group, Inc.
Alan Santini
Company Secretary
Email Contact
Tel: (954) 840-6961
Second PR--(Marketwire) -- 01/15/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) Hunt Gold announced today that an additional 26 lode mining claims had been acquired at its "Mockingbird" Gold property in Arizona.
Hunt Gold Corporation's CEO Mike Saner stated that, "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 lode mining claims are each 20 acres. So the total of 520 acres cover close to a square mile of land. The claims are located in Mohave County, Arizona, Township 26 N, Range 21W. The following new claims surround existing Hunt Gold Corporation lode claims:
Mockingbird Gold Mine:
Five new lode mining claims were acquired surrounding the Company's "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.
Acquisition by the Company of two new mines:
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 near the property entrance.
The Williamson Mine is located southeast of the Company's "Mockingbird" Gold 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. These two additional mines will be explored for their gold potential.
The additional lode mining claims were acquired from the original vendor of the Mockingbird property at no cost to Hunt Gold Corporation; save for the BLM filing fees.
The Company is completing the staking of an additional 48 Lode Mining Claims surrounding the Company's "Mockingbird" Gold Project.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 01/15/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) is pleased to announce the completion of its current round of drilling at the Company's "Mockingbird" Gold property in Arizona.
The 8th and final hole was drilled at the Dandy Gold Mine, which is located in the southern part of the Company's "Mockingbird" property. It was drilled at an azimuth of 182 degrees (almost due south) and an angle of -50 degrees. The hole encountered foliated Precambrian quartzofeldspathic gneiss for its entire length. There were local zones of quartz flooding and, as with Hunt Gold Corporation's previous drill holes at the Mockingbird project, a substantial hematitic overprint.
At 108 feet the hole encountered historic mine workings. These were found to be backfilled with gob (material that the previous miners considered too low-grade to process). Recovery of this material was made by the drillers and it will be assayed as a guide to the historic cutoff grade. This is of considerable importance, 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 modern mining methods and a higher gold price such material might well be "ore" today.
The drill hole left the historic workings at 115 feet and was continued for another 8 feet (to 123 feet). The core was similar to that encountered in the previous drill hole at the Dandy, and the Company's Senior Project Geologist, Ed Huskinson, made the decision that the drill hole was deep enough.
The core from the two holes drilled at the Dandy Mine will now be split and sent to Jacobs Assay. While awaiting these assay results, the Company's Exploration team will do reconnaissance and rock chip sampling of potential drill sites that were located during the current drilling campaign. In addition, a geochemical sampling grid will be laid out and soil geochemical sampling will be carried out. The goal is to select the additional drill sites at the Company's "Mockingbird" Gold Mine for the second round of drilling beginning in February.
The Company will regularly update investors on the progress of this exploration work.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 01/14/09 -- Wednesday, January 14, 2009 -- Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" or the "Company") today announces that the planned spin-off is to be executed with Mistral Ventures, Inc., ticker symbol (OTCBB: MILV) ("Mistral").
Paivis and Mistral are working diligently to finalize this transaction as soon as possible.
The spin-off transaction is being negotiated whereby Paivis will sell to Mistral part of its operations, which may include one of Paivis' planned acquisitions.
The Company looks forward to continuing to complete this transaction to provide value for its shareholders.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS' actual results, performance or achievements to differ materially from current expectations.
--------------------------------------------------------------------------------Contacts:
Paivis, Corp.
Phone: 404-601-2885
www.paivis.com
"Delta expects to have a report from Apex sometime after the New Year." get your lotto tickets now
I love it, if someone has been naked shorting this stock, and I think they have, they are going to get burned! I bet we got gold!!
HGLC is stacking more claims!! Marketwire) -- 01/13/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has commenced with the immediate staking of additional 71 different but adjoining Claim Blocks surrounding its "Mockingbird" Gold Mine in Arizona and explains its rationale for this additional capital expenditure.
Full details of these additional claims staked by the Company will be announced once all paperwork has been filed with the BLM.
These claims are well known to the Company and are considered to be strategically important.
The company considered past exploration and mining history prior to acquiring its properties and was strongly encouraged by its findings.
There is no doubt that there is gold on Hunt Gold Corporation's properties. Four of the mines at the Company's "Mockingbird" Gold property are listed in Arizona Lode Gold Mines and Gold Mining, published by the Arizona Geological Survey.
The company is drilling to define the gold resource and determine how it may best be mined and at what gold price it can be mined at a profit. This will take several drill campaigns. Some of the drill holes will have gold. Some will not.
We will learn if the current drilling has found gold once the drill core has been assayed by the independent assay lab, and this process can take several weeks to a month since it is done by fire assay, still the most accurate method for gold.
The Company's "Mockingbird" Gold Mine is a good example. Anaconda found anomalous gold throughout its 2 square mile claim block. Anaconda viewed the property as having 1,000,000+ ounce gold potential. The project was not terminated based on its merit. Rather, Anaconda's corporate parent, oil giant ARCO, shut down Anaconda because of environmental liabilities at its Butte, Montana copper mine.
The Company's "Ambassador" Gold Mine is a similar situation, UNC was encouraged by its preliminary work on the project and viewed the gold deposit as having 1,000,000 ounce potential. Its corporate parent (GE) decided to refocus the company on uranium, and the gold projects were jettisoned.
Whether Hunt Gold mines a particular property itself, uses a contract mining company or yet another approach will depend on what makes the most financial sense for the company and its stockholders. The company is not wedded to any particular approach until far more extensive exploration and drilling has been conducted over the coming months.
The Company is committed to a "non stop" and greatly expanded drilling and exploration campaign on its targeted Mines in its portfolio.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Stacking more claims. I wonder why? HMM?
Marketwire) -- 01/13/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has commenced with the immediate staking of additional 71 different but adjoining Claim Blocks surrounding its "Mockingbird" Gold Mine in Arizona and explains its rationale for this additional capital expenditure.
Full details of these additional claims staked by the Company will be announced once all paperwork has been filed with the BLM.
These claims are well known to the Company and are considered to be strategically important.
The company considered past exploration and mining history prior to acquiring its properties and was strongly encouraged by its findings.
There is no doubt that there is gold on Hunt Gold Corporation's properties. Four of the mines at the Company's "Mockingbird" Gold property are listed in Arizona Lode Gold Mines and Gold Mining, published by the Arizona Geological Survey.
The company is drilling to define the gold resource and determine how it may best be mined and at what gold price it can be mined at a profit. This will take several drill campaigns. Some of the drill holes will have gold. Some will not.
We will learn if the current drilling has found gold once the drill core has been assayed by the independent assay lab, and this process can take several weeks to a month since it is done by fire assay, still the most accurate method for gold.
The Company's "Mockingbird" Gold Mine is a good example. Anaconda found anomalous gold throughout its 2 square mile claim block. Anaconda viewed the property as having 1,000,000+ ounce gold potential. The project was not terminated based on its merit. Rather, Anaconda's corporate parent, oil giant ARCO, shut down Anaconda because of environmental liabilities at its Butte, Montana copper mine.
The Company's "Ambassador" Gold Mine is a similar situation, UNC was encouraged by its preliminary work on the project and viewed the gold deposit as having 1,000,000 ounce potential. Its corporate parent (GE) decided to refocus the company on uranium, and the gold projects were jettisoned.
Whether Hunt Gold mines a particular property itself, uses a contract mining company or yet another approach will depend on what makes the most financial sense for the company and its stockholders. The company is not wedded to any particular approach until far more extensive exploration and drilling has been conducted over the coming months.
The Company is committed to a "non stop" and greatly expanded drilling and exploration campaign on its targeted Mines in its portfolio.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Ya looking GOOD, looks like there are good things to come.
Marketwire) -- 01/12/09 -- Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" or the "Company") today announces that the planned spin-off into another public company is on track for finalization in the upcoming weeks.
A target date was previously set for January 31, 2009 and the Company believes it can meet this timeline.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS' actual results, performance or achievements to differ materially from current expectations.
--------------------------------------------------------------------------------Contacts:
Paivis Corp.
Phone: 404-601-2885
www.paivis.com
Source: Paivis, Corp.
Great, so do I and today was a great day to increase my position!
GOOD I am glad that I am wrong and you want to see the company succeed. Things are looking up!
(Marketwire) -- 01/08/09 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) announces that its Board of Directors has accepted a preliminary proposal from a Houston, TX-based capital finance company and authorized the preparation of final documents in receipt of $1.2 million USD capital. This funding will be used to further increase the Escala Mine's processing capacity to an estimated 150 tons per hour.
About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Investor Relations:
A. S. Austin & Company
702-386-5379
www.FranklinMining.com
Source: Franklin Mining, Inc.
Anyone Naked Shorting this stock could be in serious trouble SOON. Notice the company has NOT been selling stock, as some would have us believe!! Go HGLC and Gold assays comming love it!!
(Marketwire) -- 01/08/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) provides an update to its stockholders on various issues:
1. CONTINUED DRILLING "MOCKINGBIRD GOLD MINE":
Drilling at the Company's "Mockingbird" Dandy Mine, by TonaTec will resume by no later than January 10, 2009. Two holes are planned at this location. Stockholders will be updated as to the additional drilling and exploration plans being finalized at this time.
2. ASSAY REPORTS:
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 Jacobs Assay, an independent assay laboratory located in Tucson, Arizona. The remainder of the core will be split and shipped this week. Jacobs Assay will be running the Company's core samples as a priority project, with the first assay results expected before the end of January 2009.
3. COMPANY SHARE STRUCTURE:
The Company recently increased its Authorized Share Capital to facilitate any deals and acquisitions which may be offered to the Company. The Company has not issued any additional shares of its Common Stock whatsoever. The amounts of the Company's outstanding shares reflected on the OTC Pink Sheets web site are constantly updated and are correct.
The Company has received a large number of enquiries in respect of a Reverse Split of the Company's stock. This will not be effected by the Company whatsoever and the Company's Management consider that a Reverse Split of the Company's Common Stock is highly detrimental to stockholder interests.
Stockholders may rest assured that no Reverse Split is being effected by the Company whatsoever.
4. WEB SITE & INVESTOR RELATIONS:
The Company has completed the Corporate web site but is awaiting the completion of certain very critical reports and valuations which are required to be placed on that web site; this is not expected to delay us for much longer.
As promised, the Company has appointed Investor Relations companies who will deal with (a) an aggressive awareness campaign for the Company and (b) deal directly with stockholders. These companies will commence upon the launch of the web site and upon receipt of the critical valuation and Mining data reports.
5. PURCHASES OF STOCK BY THE JOINT VENTURE COMPANY:
The Joint Venture Company has acquired and continues to acquire shares of the Company's stock in the market. A full scale buying programme by the JV will commence upon the launch of the Company's web site. This is to ensure that all stockholders are in possession of all of the facts; thereby allowing to decide whether to buy, hold or sell the shares of the Company's stock. The JV will not acquire any significant amounts of the Company's stock until that date.
6. SALE OF THE COMPANY'S MOLYBDENUM INTERESTS:
The Company announced on November 14, 2008 the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp., to the Purchaser.
This transaction will be completed by late January 2009.
As announced on August 15, 2008, the Company announced that it intends to distribute all of the proceeds from the sale of American Molygold Corp. to its stockholders; upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock.
Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp.; as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.
Molybdenum has become very important as demand for moly is tied to demand for steel used in the petroleum industry (e.g. drill pipe, pipeline construction), which will benefit from accelerated petroleum exploration and development in an era of high oil prices.
The molybdenum assets held by American Molygold Corp. and disposed of by your Company; are as follows:
American Molygold
The American Molygold property is in the Cherry Mining District in Yavapai County, Arizona approximately 10 miles from Jerome. This 1,900 acre property includes the two major historic gold producing mines in the district, Monarch and Logan, as well as a probable resource of 150,000 tons and an inferred resource of 5,000,000 tons, based on work by the prior owner, Alanco. It is a Precambrian deposit in a Bradshaw Granite intrusion into Yavapai Schist, located along the Verde Fault. There is a large, partially stripped gold-bearing zone of alteration with vein lets of copper and molybdenum mineralization that has been interpreted as being the outer layer or shell of porphyry copper / moly mineralization on the eastern portion of the claims. The vein systems may warrant underground development and there is potential for an open pit low gold content target with associated moly and base metals production.
Rochester Molygold
The Rochester Molygold property is in the Rabbit Mining District in Madison County, Montana, approximately 30 miles from Butte and comprises approximately 2,250 acres. The project includes a majority of the former FMC Gold project, which reported an 850,000 ounce gold resource. It also includes the former US Steel moly project. This is also a Precambrian deposit with the gold found in well defined veins that strike north or northeast and dip steeply west, usually associated with granite dikes. Additionally, there are placer gold workings along Rochester Creek, and a possible method of mining would use water from dewatering the underground workings for placer mining downstream. The moly is found in a Precambrian quartz monzonite stock, which is altered to a greisens-like vuggy aggregate of muscovite, quartz, and clots and disseminated grains of pyrite and molybdenite, as well as quartz veins containing same.
7. DUAL LISTING OF THE COMPANY'S STOCK IN EUROPE:
The Company confirms that it will be proceeding with the listing of the Company's shares of Common Stock on a European Stock Exchange; as well as on the US OTC Pink Sheets Market. The Company has been working on this strategy with European Brokers and this plan will be coupled with these Brokers purchasing a substantial quantity of the Company's shares in the Open Market.
The Company will very shortly be quoted on the OTC Pink Sheets and on a European Stock Exchange. This would bring in a substantial amount of new investors and introduce the Company to European markets. Stockholders would be free to trade their stock in either US Dollars or in Euros.
The Company is proceeding with its planned strategy of becoming "Reporting" with the SEC with a planned move thereafter; to the OTC BB market in the United States.
The Dual listing of the Company's shares of Common Stock in Europe will significantly reduce the "free float" of the Company's shares of outstanding stock in the United States as this Dual Listing will be coupled with a placement of these "free trading" shares with various European brokerage Houses.
The Company's European Corporate Finance Advisors and Brokers are confident that this will be achieved in January of 2009.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G. Saner