Hunt Gold Corporation (HGLC)

[Texan77]

2million or so 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.
http://ih.advfn.com/p.php?pid=nmona&cb=1233013812&article=35879067&symbol=NO%5EHGLC

1/13/09PR if links broken