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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 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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