Gold Hunter Commences Drilling and Exploration at the Rambler Project
GOLD HUNTER RESOURCES INC. COMMENCES DRILLING AND EXPLORATION AT THE RAMBLER PROJECT
VANCOUVER, BRITISH COLUMBIA – August 3, 2022 – Gold Hunter Resources Inc. (“Gold Hunter” or the “Company”) (CSE: “HUNT”) is pleased to announce it has begun planning and scheduling its 2022 exploration program at the Rambler Project in the Baie Verte Peninsula in Newfoundland.
2022 Exploration Program and Budget
The 2022 exploration program, operated by Longford Exploration Services, will include completing a high value geophysical and remote sensing program , and confirmation drilling at the 3,800-hectare Rambler Project.
- Initially Airborne Tri-Axial Gradiometer Survey covering 364 line-kms has been commissioned over the property to resolve historically identified structural controls on mineralization at the property;
- Additionally, a remote sensing satellite data acquisition and processing study has been commissioned to provide analysis of synthetic aperture radar data and multispectral Sentinel & Aster data over 33,000 ha covering the property and surrounding areas. By combining modern remote sensing techniques using multispectral imaging and synthetic aperture radar to analyze topography, structure, alteration, vegetation and ground movement, complex anomalies covering large areas can be quickly and effectively identified. This is a multivariate exploration approach, combining existing geological, geochemical, and geophysical data with multiple satellite analyses, to identify new potential mineral targets;
- Confirmation drilling amounting to a 1200m diamond drilling program is anticipated to commence in August 2022. The NQ drilling program proposal includes 12 permitted drill sites and will principally target near surface mineralization at the Rambler Main Mine prospect area located 3km to the south of the existing Ming Mine:
- Six to eight holes are contemplated to target near surface mineralization where mineralization occurs within 0 – 150 m of surface. Historical drilling intersections highlights in the area includes 27.1 m at 4.53 g/t Gold, and 4.79% Copper from 4.3m depth in drill hole MZ95-01;
- Two additional holes are contemplated at lower parts of the deposit where potential resource areas have been demonstrated from historic drilling intersections, which include 23.7m at 2.39 g/t Gold, and 3.82% Copper, from a depth of 225.5m depth from drillhole MZ95-12.
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- A comprehensive historical data compilation, and digitization has also been commenced by Longford. Historical data over the project includes numerous surface geochemistry sample programs, airborne EM, ground Mag, and ground IP surveys which confirm and validate mineralization at the property. The abundant legacy data is to be compiled, along with the new data sets acquired by Gold Hunter into a comprehensive property scale litho-structural model for further drill targeting at Ramble main mine, and other prospects located on the property.
The approved budget for the combined Rambler 2022 program, to be carried out from June to September, is CAD$763,000.
Figure 1: Location of proposed 2022 drillhole collars at the Rambler Project.
Richard Macy, President, and CEO states: “The two main acquisitions, the Rambler properties, and the Tilt Cove properties represent significant exploration discovery potential for the company. The project has not seen any systematic exploration and we look forward to initiating substantive geological and drilling programs at Rambler. Both properties have outcropping massive sulphide mineralization at surface located on the property that have yet to be comprehensively drill tested. The properties are located under the headframe of previous and currently producing mines. The company intends to confirm a drilling program in Q3 2022”.
We are looking forward to being able to not only confirm the previous high-grade mineralization but also drill testing the outcropping sulphide mineralization that has not seen systematic modern exploration. The proximity to past and current producing mines coupled with the exploration potential at Rambler is a unique opportunity to make additional high grade discoveries.
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About the Rambler Project:
The Rambler Project is located on the Baie Verte Peninsula, proximal to the currently producing Ming Mine, and Rambler Metals and Anaconda’s currently producing gold mines. The Project comprises nine licenses and 152 mineral claims for a total of 3,800 ha. The combined property hosts up to 25 known mineral showings and outcropping massive sulphide mineralization along strike of the operating Ming Mine, and on numerous adjacent mineralized trends.
Figure 2: Selected historical drilling results and proposed drill holes at the Rambler Main Mine Prospect.
The Rambler Property includes multiple avenues to leverage both exploration and resource upside. Initial focus for 2022 exploration is on confirming near surface mineralization at the Rambler Main Mine, and secondarily to confirm historical drilling intersections at the deeper down plunge extent of the historic Rambler Main Mine. Beyond the proposed confirmation drilling significant opportunities exists to develop additional targets at the property by leveraging the newly acquired Geophysical and Remote Sensing Surveys, as well as consolidation of all available legacy data covering the project.
Over 100 (known) historical drillholes have been advanced at various parts of the Rambler Main Mine prospect and surrounding prospects on the property. Both near surface and deep, down-dip/plunge extents to known mineralization have been historically explored dating back to the 1940’s. Figure 2, and Table 1 below provides an overview of the drilling results at the Rambler Main Mine prospect, which includes selected drillhole intersections completed by previous operators.
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Table 1: Selected Drillhole composite intervals based on historical data at the Rambler Project.
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Zn (%) |
| MZ88-18 40.6 45.5 and 63.1 71.1 and 72.2 77.9 and 89.3 95.1 | 4.9 6.13 0.10 0.82 8.0 0.88 0.05 0.10 5.7 0.68 0.02 0.50 5.7 0.95 0.05 0.28 | |||||
| MZ88-19 63.1 70.0 including 63.1 63.3 and 70.8 80.8 | 3.6 5.16 1.23 1.78 0.2 24.06 10.00 0.80 9.9 1.06 0.03 0.64 | |||||
| MZ89-27 294.1 311.3 including 294.1 302.0 and 295.0 296.9 and 301.4 302.0 | 17.2 3.80 0.66 0.07 7.9 6.57 1.12 0.10 1.9 19.65 1.26 0.14 0.6 6.13 0.78 0.08 | |||||
| MZ89-28 296.0 301.4 including 296.0 296.3 | 5.4 4.20 0.37 1.22 0.4 45.13 0.10 0.02 | |||||
| MZ89-33E 357.9 366.2 including 362.2 366.2 & Including 362.2 364.0 and 365.9 366.2 | 8.4 4.47 0.39 1.05 4.0 8.30 0.58 0.46 1.8 12.98 0.11 0.28 0.3 17.88 0.21 0.01 | |||||
| MZ89-34 544.1 548.2 and 553.9 579.9 including 567.9 568.5 | 4.1 0.67 0.02 0.01 25.9 1.43 0.03 0.27 0.5 6.38 0.09 0.79 | |||||
| MZ95-01 4.3 31.4 including 4.3 14.9 | 27.1 4.53 4.79 0.23 10.7 9.68 6.00 0.55 | |||||
| MZ95-02 6.6 12.7 | 6.1 6.59 4.58 0.27 | |||||
| MZ95-12 224.4 225.2 and 225.6 249.3 | 0.8 6.10 6.00 1.00 23.7 2.39 3.82 0.40 |
Historical Drillhole Results
The drillhole intersections listed in Table 1, and within the text above are derived from historical assessment reports. Where possible the assay values from original reports were verified and the composite grade intervals were recalculated. Nominal QAQC samples were included within the original sampling. Gold Hunter are currently reprocessing and validating all historical drill results and the intervals as part of an ongoing historical data compilation being completed for the project. The listed composite intersections represent picked intersections selected from approximately 80 generated composite intervals derived from over 3,500 assay results representing incomplete sampling on 13 separate drill holes. The presented intersections do not represent true widths as the dip/plunge of the mineralized body at depth is not known.
Qualified Person
Qualified Person: Luke van der Meer, P.Geo is an independent consultant for the Company and an Independent Qualified Person as defined by National Instrument 43-101 Standards for Disclosure of Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.
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About the Company
The Company is engaged in acquisition, exploration, and development of mineral property assets in Canada. The Company’s objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs on the Cameron Lake East Project near Kenora, Ontario, and its Newfoundland assets including the Rambler Project, Tilt Cove project and six other projects within the company’s property portfolio.
Table 2: Gold Hunter Project Portfolio in Newfoundland and Ontario.
NO PROJECT PROVINCE AREA COMMODITY DEPOSIT STYLE SIZE (HA)
| 1 | Rambler | Newfoundland | Baie Verte | Cu, Au, Ag, Zn | Volcanic Massive Sulphide | 3,800 | |
| 2 | Baie Cu, Au, Ag, Volcanic Massive Tilt Cove Newfoundland 1,300 Verte Zn Sulphide | ||||||
| 3 | Harmsworth | Newfoundland | Central | Cu, Au, Ag, Zn | Volcanic Massive Sulphide | 1,250 | |
| 4 | Lithium (REE?) PEG Newfoundland Central Li, REE 4,525 Pegmatite | ||||||
| 5 | Jacksons Arm | Newfoundland | Sops Arm | Au, Ag | Orogenic Gold | 1,075 | |
| 6 | Sops Silver Mountain Newfoundland Au, Ag Orogenic Gold 425 Arm | ||||||
| 7 | Taylors Pond | Newfoundland | Sops Arm | Au, Ag | Orogenic Gold | 2,275 | |
| 8 | Tom Joe Newfoundland Central Au, Ag Orogenic Gold 2,300 | ||||||
| 9 | Cameron Lake | Ontario | Kenora | Au | Orogenic Gold | 4,900 | |
| East | |||||||
| TOTAL | 9 1,850 |
For more information, please refer to the Company’s Prospectus dated January 21, 2021, available on SEDAR (www.sedar.com), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Richard Macey”
Richard Macey, President, CEO and Director
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.