Arctic Hunter Announces the “New Name” of the Fully Updated and Re- Furbished San Javier Facility, Facility to Be Re-Named as “the Cerro Verde Gold & Silver Flotation Mill” ____________________________________________________________________________________
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2 Telephone: (604) 681-3131
NEWS RELEASE
February 6, 2018 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER ANNOUNCES THE “NEW NAME” OF THE FULLY UPDATED AND RE- FURBISHED SAN JAVIER FACILITY, FACILITY TO BE RE-NAMED AS “THE CERRO VERDE GOLD & SILVER FLOTATION MILL”
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VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”). Real de Rebeico Gold S.A. de C.V. (“Rebeico Gold”) is pleased to announce that its flotation mill, formally known as the Government Riel Viejo /San Javier Mill, has now been re-named the Cerro Verde gold and silver Flotation Mill by management. The newly named facility, which has been fully upgraded and fully re-furbished, is situated in the heart of the San Javier mining district, and is nearing its completion. The newly designated name accurately reflects the new beginning for the flotation facility, at its newly renovated and upgraded location site, situated in the San Javier Mining district. The name and term “Cerro Verde” is recognized locally as being synonymous with this location, situated in the mineral rich district. The Cerro Verde name is currently recognized and easily identifiable with the many local inhabitants and mining industry professionals working in the region. The name change for the facility nearing its completion is effective immediately.
THE CERRO VERDE FLOTATION MILL - SONORA STATE, MEXICO
The Company has paid the sum of USD $250,000 and has successfully acquired a 30% interest in Real de Rebeico Gold S.A. de C.V. (“Rebeico Gold”), which owns an interest in a State owned 100 ton per day flotation mill situated near the city of Hermosillo in Sonora State, Mexico. The formal option agreement with Rebeico Gold of Sonora, Mexico allows Arctic Hunter to earn the initial 30% interest for USD $250,000 (earned and vested), and an additional 20% interest (for up to a 50% interest) in Rebeico Gold for an additional USD $250,000. Rebeico Gold holds the right to operate the strategically located Cerro Verde Flotation Mill situated in the San Javier mining district and the right to receive its pro-rata production proceeds derived therefrom pursuant to an assignment agreement between Rebeico Gold and Exlporacion y Desarollo del Desierto, S.A de C.V. (“EDDSA”) dated April 24, 2017. EDDSA holds the operating rights and the right to receive all proceeds from the Cerro Verde Mill, and the right to conduct ancillary activities on the project site pursuant to a 10 year lease agreement between EDDSA and the state of Sonora, Mexico, dated February 24, 2015. The Cerro Verde Flotation Mill and Project site is located within the heart of the prolific Sierra Madre Gold belt and mining district of northern Mexico and is easily accessed by paved highway from the City of Hermosillo, Mexico. The Cerro Verde Mill is a former working and operational State owned flotation mill that is surrounded by a region that has had widespread historical mining, dating back from colonial times through to the 21st century. The Mill formerly serviced many of the working gold, copper and silver mineral concessions and mines located in this mining region in the past.
ABOUT ARCTIC HUNTER – OIL AND GAS PRODUCTION & MINING PRODUCTION
The Company is a Canadian Oil & Gas exploration and mining resource development Company that is now focused on developing its’ production capabilities, obtaining potential future production revenues, discovering and advancing high grade gold, silver and copper deposits and mining concessions situated within this large mining district in Sonora, Mexico. The Company has now successfully acquired a 30% interest in Rebeico Gold of Sonora, Mexico, which holds a 30% interest, and has been granted the option to earn up to 50% in Rebeico Gold. Rebeico Gold holds the right to operate the Cerro Verde Mill, strategically located in the Sierra Madre Gold Belt, and the right to receive gold & silver production proceeds pursuant to an assignment agreement dated April 24, 2017 between Rebeico Gold and Exploracion y Desarollo del Desierto, S.A. de C.V (“EDDSA”). The Company is now strategically positioned, to identify and capture all potential milling and direct-ship mining opportunities situated in the region. The Company identifies, acquires and finances the acquisition, exploration and development of mining and oil and gas assets primarily situated in Western Canada, the United States and Mexico. The Company is continually reviewing future mining production and exploration opportunities, by identifying low risk exploration through selective acquisitions and development of mining, petroleum and natural gas resource assets situated in these favorable resource jurisdictions.
The Company has qualified management and has Oil & Gas and Mining teams of professionals seasoned in production, field exploration and drilling. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource and mining assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO Arctic Hunter Energy Inc.
Tel: (604) 681-3131 [email protected]
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