Gold Hunter Resources Validates and Extends Mineralized Trends at Great Northern, Setting the Stage for 2025 Drill Program
Gold Hunter Resources Validates and Extends Mineralized
Trends at Great Northern, Setting the Stage for 2025 Drill
Program
Video Summary:
• Confirmed Continuity & Expanded Trends: Our initial fieldwork and assay results at Great
Northern have extended the Simms Ridge Trend by 550 metres, demonstrating continuous
mineralization and open-ended potential for further growth
• Data-Driven Approach: We’re using systematic exploration, including upcoming soil
sampling, ground geophysics, and a resumed VTEM survey, to refine multiple drill targets for
2025
• Strategic Positioning: With the property fully consolidated, we are poised to discover new
mineralized zones and significantly enhance the project’s potential resource base as we move
toward more aggressive drilling campaigns
VANCOUVER, BRITISH COLUMBIA, DECEMBER 16th, 2024, ~ Gold Hunter Resources Inc. (CSE: HUNT,
Börse Frankfurt: 6RH, OTC: GHREF) ("Gold Hunter" or the "Company"), a junior exploration company
with a premier district-scale gold project in Newfoundland, is pleased to announce initial assay results
from its Phase 1 exploration program at the Great Northern Project. The se results confirm known
mineralization trends and expand upon them, including the Simms Ridge area, confirming continuity
across previously unexplored gaps and increasing the strike length of the Simms Ridge Trend by 550
metres to a total of approximately 1,400 metres.
Highlights:
• High-Grade Assay Results: A peak gold assay of 7.27 g/t Au from an outcrop surface sample
located at the south end of the Simms Ridge Trend, confirms mineralization continuity. Ten
additional samples returned values exceeding 1.0 g/t Au, reinforcing the potential to upgrade
these mineralized trends through systematic exploration.
• Simms Ridge Trend Expansion: New rock outcrop and float samples collected over a 120
metre strike length have extended the Simms Ridge Trend by 550 metres, increasing its total
length from 950 metres to approximately 1,400 metres. This expansion bridges previously
unexplored gaps and underscores the project’s capacity for rapid growth in known
mineralized corridors.
Phase 1 Exploration Advancements
The ongoing Phase 1 program validates the presence of continuous mineralization within historically
underexplored areas, supporting Gold Hunter’s strategy of building a strong foundation for future
drilling.
• VTEM Airborne Survey Update: Winter conditions have temporarily paused Geotech’s VTEM
(“Versatile Time Domain Electromagnetic ”) airborne survey , with 43% of the planned lines
flown. The survey will resume in the new year , adding critical geophysical insights to support
drill targeting and ground geophysical surveys planned for 2025.
Assay Results and Exploration Impact
The Phase 1 exploration program focused on the extension and expan sion of mineralized trends
associated with the Doucers Valley Fault , as well as verifying historic targets. Early assay results have
yielded encouraging gold values, demonstrating that mineralization is continuous and remains open
along strike in areas recently explored:
• 7.27 g/t Au from an outcrop sample of quartz veining, with 10% chalcopyrite, 10% pyrite, and
2% galena at UTM coordinates 506773E, 5508436N (south end of the Simms Ridge Trend).
• 4.29 g/t Au from a float sample of quartz vein with 30% coarse-grained pyrite clusters at UTM
coordinates 506736E, 5508324N (Simms Ridge).
• 4.10 g/t Au from a 50x50cm quartz boulder containing 25% coarse -grained pyrite at UTM
coordinates 504313E, 5506951N (verifying historic rock samples from the Browning West
area).
By bridging previously untested gaps, these results emphasize the potential of the more than 18
recognized mineralized trends across the expansive Great Northern Project. The Company intends to
leverage ongoing exploration, soil sampling, ground geophysics (including magnetic and IP surveys),
and 2025 drilling to further test these growing targets.
Map: Simms Ridge Trend highlighting recent surface assay results.
Map: Browning and Thor Deposit Area on the Great Northern Project highlighting recent surface assay
results.
VTEM Airborne Survey Progress
Seasonal low cloud cover, typical for this time of year, ha s temporarily paused Geotech’s helicopter-
based VTEM survey. To date, 1,191 line-km (43%) of the planned 2,788 line-km have been completed,
focusing on underexplored areas with limited historical data.
"Despite seasonal challenges, the partial VTEM coverage already provides valuable data to refine our target
pipeline,” said Sean Kingsley, President and CEO. “ We look forward to recommencing the survey in the new
year, integrating the results with ongoing prospecting, historic core review, and eventual ground -based
geophysics to pinpoint high-priority drill targets for 2025.”
Ongoing Phase 1 Exploration
To date, t he exploration team has collected over 165 rock samples from seven of the 18 known
geochemically anomalous trends across the property. Additional assay results are pending, and field
teams continue mapping and prospecting . The Company remains focused on refining its geological
models, identifying new targets, and rapidly expanding known mineralization to ensure a robust
pipeline for the 2025 drilling program. Follow -up work may include soil sampling and ground
IP/magnetic surveys at Simms Ridge, Browning West, and other high-priority trends.
Rock samples collected during the program were submitted to Eastern Analytical Limited in
Springdale, NL (a 90-minute drive from site), and were assayed via standard 30 -gram fire assay and
34-element ICP analysis.
Technical Presentation
Video Link: Technical Consultant David Copeland’s In-Depth Presentation of the Great Northern Gold
Project at the Mineral Resources Review 2024 Conference and Exhibition:
https://youtu.be/d5KKITo5ozk?si=tOQ_sdM7A1ZvqA_Y
Mr. Copeland’s presentation offers insight into the abundance of mineralized trends and the potential
scalability at the Great Northern Project . It provides valuable context for the Company’s systematic
approach to building value through data-driven exploration.
Corporate Update
President and CEO Sean Kingsley has been meeting with investors and stakeholders across Canada
and Europe . He r ecently attended the Deutsche Goldmesse (German Gold Show) conference in
Frankfurt, Germany, where he engaged with European investors. A corporate presentation from the
well-attended event is posted on Deutsche Goldmesse’s YouTube Channel.
Video Link: President & CEO Sean Kingsley’s Presentation of Gold Hunter Resources at the Deutsche
Goldmesse Conference is available at: https://youtu.be/nYWJtFav8Mo?si=VRU70PQNjvDRiJzj
Last week, Mr. Kingsley met with investors in Montreal, Toronto, Gatineau, and Ottawa. I n Gatineau
and Ottawa, he presented at MI3 Communications roadshow events, highlighting the Company’s
progress and near-term objectives.
“These meetings have been incredibly productive ,” said Kingsley. “As a fresh story in the market, our
systematic approach to establishing continuity and growth potential resonates with investors. We’re
well-positioned to advance toward more comprehensive drilling campaigns next year .”
Image: Slide of photos from the President & CEO on the road presenting in Frankfurt, meeting with Michael
Gentile in Montreal, and conducting presentation luncheons in Gatineau, Quebec and Ottawa, Ontario.
Next Steps
Gold Hunter will integrate the current and pending assay results with VTEM data and recently
concluded fieldwork into its continually evolving geological model. This comprehensive dataset will
guide drilling plans across multiple targets in 2025 . By leveraging geological, geochemical, and
geophysical data in tandem, the Company aims to quickly convert new targets into meaningful drill
opportunities, further unlocking Great Northern’s district-scale potential.
Qualified Person/s:
This news release has been reviewed and approved by David A. Copeland, M.Sc., P.Geo., and Rory
Kutluoglu, B.Sc., P.Geo., “Qualified Persons” as defined under NI 43 -101 – Standards of Disclosure for
Mineral Projects.
About Gold Hunter Resources Inc.
Gold Hunter Resources Inc. is a Canadian mineral exploration company focused on acqui ring and
exploring precious and base metal projects . With a seasoned technical team and advanced
exploration technologies, Gold Hunter is committed to generating significant value within
Newfoundland’s emerging mining districts.
Following the divestiture of its first consolidated district to FireFly Metals, Gold Hunter assembled the
Great Northern Project, extending its exploration strike length by 64% to 40 kilometres. Positioned at
the heart of one of Newfoundland’s most promising gold regions, the Company remains dedicated to
responsible exploration and shareholder value creation through data-driven strategies.
On Behalf of the Board of Directors,
GOLD HUNTER RESOURCES INC.
Sean A. Kingsley
President, CEO, and Director
For more information, please contact:
Email: [email protected]
Phone: +1 604-440-8474
Website: www.goldhunterresources.com
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accuracy of this release.
Forward-Looking Statements:
This news release contains forward -looking statements and forward -looking information (collectively, "forward -looking
statements") within the meaning of applicable Canadian securities legislation. Forward -looking statements are based on
reasonable assumptions made by Gold Hunter Resources Inc. ("Gold Hunter" or the "Company") as of the date they were made
and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or
achievements to differ materially from those expressed or implied by the forward-looking statements.
These factors include, but are not limited to, general business, economic, competitive, political, and social uncertainties;
fluctuations in metal prices; the results of exploration activities; changes in project parameters as plans continue to be refined;
and other risks inherent in the mining industry. Additionally, while every effort is made to ensure accuracy, the Company’s
website, investor presentation, and other public materials may not always reflect the most current developments, results, or
objectives and should not be relied upon as fully up-to-date representations of the Company’s plans or status.
There can be no assurance that such statements will prove accurate, and actual results and future events could differ materially
from those anticipated in such statements. Gold Hunter undertakes no obligation to update forward-looking statements, except
as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.