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GOLD HUNTER RESOURCES INC. (GHREF) is a Canadian exploration company focusing on acquiring, exploring, and developing precious and base metal projects. The Company recently strengthened its financial position by distributing its stock holdings in FireFly Metals Ltd., adding CAD$3.7 million to its treasury. Gold Hunter has also acquired an option to earn a 100% interest in the Great Northern and Viking Projects in Newfoundland and Labrador, expanding its exploration footprint in the region.
The Projects, situated near Sops Arm, Pollard's Point, and Jackson's Arm, hold significant potential with known gold deposits like the Thor Deposit and Rattling Brook Deposit. Gold Hunter's strategic acquisitions, partnerships, and experienced team position the Company for future growth and value creation in the mineral exploration sector.
Gold Hunter Resources (CSE: HUNT, OTC: GHREF) has announced a non-brokered private placement to raise up to $1.2 million. The offering consists of up to 20 million units priced at $0.06 per unit, with each unit comprising one common share and one-half of a common share purchase warrant. Each full warrant is exercisable at $0.12 for 24 months.
Key shareholder Eric Sprott has confirmed participation in this financing. The proceeds will be allocated to marketing and general corporate purposes. The company plans to conduct a full-property VTEM airborne survey and execute expansion drill campaigns in their Newfoundland project. The securities will have a four-month and one-day hold period, and warrant expiry may be accelerated if shares close at or above $0.30 for ten consecutive trading days.
Gold Hunter Resources (GHREF) has announced positive initial assay results from its Phase 1 exploration program at the Great Northern Project. The company has extended the Simms Ridge Trend by 550 metres to approximately 1,400 metres total length. Notable results include a peak gold assay of 7.27 g/t Au from an outcrop surface sample, with ten additional samples exceeding 1.0 g/t Au.
The ongoing VTEM airborne survey is temporarily paused at 43% completion (1,191 line-km of planned 2,788 line-km) due to winter conditions. The company has collected over 165 rock samples from seven of 18 known geochemically anomalous trends, with additional assays pending. Gold Hunter is preparing for a comprehensive 2025 drilling program, incorporating geological, geochemical, and geophysical data to identify high-priority targets.
Gold Hunter Resources (CSE: HUNT, OTC: GHREF) announces the launch of its new website and investor presentation, highlighting its Great Northern Project in Newfoundland. The project spans 23,060 hectares in the White Bay area, covering 49.2 kilometers of the Doucers Valley Fault. The company will present at the Mineral Resources Review 2024 in St. John's and Deutsche Goldmesse in Frankfurt. Gold Hunter is pursuing a Frankfurt Stock Exchange listing and OTCQB upgrade to enhance market accessibility. The company has completed data compilation with Mercator Geological Services and is conducting a Geotech VTEM airborne survey to identify drill targets.
Gold Hunter Resources Inc. (CSE: HUNT) (OTC Pink: GHREF) has completed a comprehensive data compilation and commenced exploration activities at its Great Northern Project in Newfoundland and Labrador. The company has consolidated a district-scale land position covering 23,060 hectares along the Doucers Valley Fault, expanding the project's strike length by 64% to 49.2 kilometres. This strategic consolidation allows for systematic exploration across the entire property.
Highlights include:
- Compilation of extensive geological data, including 36,739 soil samples and 493 drill holes
- Completion of technical reporting, including an NI 43-101 Technical Report
- Commencement of 2024 field program, including airborne surveys and field mapping
- Strategic advantage through land consolidation in an underexplored area
The project includes the Thor Deposit with an Indicated Mineral Resource of 45,000 ounces of gold and the historical Rattling Brook Deposit. Eighteen separate mineralized trends have been identified, with ongoing exploration activities focused on extending known mineralization and exploring new targets.
Gold Hunter Resources has announced strategic exploration plans for its Great Northern Project in Newfoundland. The company is consolidating geological data from various sources and has engaged Magna Terra Minerals and Mercator Geological Services to complete an NI 43-101 report and establish a robust geological database. An updated website with new investor tools is anticipated soon. Initial exploration will begin this summer, focusing on defined drill targets. This strategic move aims to unlock significant potential in the growing gold district, benefiting shareholders and stakeholders.
Gold Hunter has completed the acquisition of an option to earn a 100% interest in the Great Northern and Viking Projects in Newfoundland and Labrador. This agreement was initially made with Magna Terra on May 28th, 2024, and amended on June 10th, 2024.
To secure the option, Gold Hunter issued 7,042,253 shares at $0.142 per share and made a $300,000 cash payment to Magna Terra. The option expires on June 10th, 2026, with the next payment deadline on June 10th, 2025, requiring $2,750,000 in shares and a $450,000 cash payment.
Additionally, Gold Hunter acquired 195 mineral claims and completed the purchase of Long Range Exploration , issuing 9,000,000 shares and a $50,000 cash payment.
Gold Hunter Resources (CSE: HUNT, OTC Pink: GHREF) has entered into a definitive option agreement with Magna Terra Minerals (TSXV: MTT) to acquire a 100% interest in the Great Northern and Viking Projects in Newfoundland and Labrador. This transaction, subject to customary approvals, is expected to close in the coming weeks.
The acquisition includes significant mineral resources: the Thor Deposit, with 45,000 ounces of gold (Indicated) and 1,800 ounces (Inferred), and the Rattling Brook Deposit, featuring low-grade gold in intrusive rocks and higher-grade mineralization in sedimentary units.
This expansion increases Gold Hunter's project size from 13,775 hectares to 23,059.75 hectares, marking a milestone in the company's consolidation and exploration strategy.
Gold Hunter Resources (GHREF) announced a CAD$3.7M non-dilutive cash addition to its treasury by distributing FireFly Metals shares to supportive shareholders. This boost strengthens Gold Hunter's financial position to pursue new opportunities and advance existing projects. The distribution of FireFly shares will begin on May 24th, 2024, with shareholders expected to receive over AUD$21.3M worth of shares. Gold Hunter reiterated its support for FireFly Metals, highlighting their successful drilling results in Newfoundland and Labrador and commitment to sustainable development. Gold Hunter's CEO hinted at future strategic plans under 'Gold Hunter 2.0.'
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