Business
Gold Hunter Resources Expands Its Baie Verte Peninsula Foothold; Launches $750,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2023) - Gold Hunter Resources Inc. (CSE: HUNT) ("Gold Hunter", "HUNT" or the "Company") announces a sign
About this update from Gold Hunter Resources, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 13, 2023) - Gold Hunter Resources Inc. (CSE: HUNT) (\"Gold Hunter\", \"HUNT\" or the \"Company\") announces a significant expansion of its mineral claim holdings in the Baie Verte Peninsula, Newfoundland with the arm's length acquisition of a 100%-interest in five separate properties (the \"Acquired Properties\"). The Acquired Properties are all adjacent to HUNT's Rambler Project, which initially spanned 5,085.4 hectares. With the acquisition of the New Properties, the area now held by HUNT encompasses a total of 17,227.97 hectares, representing a 239% expansion of the original area of the Rambler Project. The region is renowned for its rich mining history and diverse mineral resources including copper, zinc, and gold, and is now largely consolidated under a single operator for the first time. Figure 1: Location map displaying Gold Hunter's previous land position (Rambler Project) along the Baie Verte Peninsula, Newfoundland and Labrador, along with the newly-acquired mineral claim projects surrounding it. HUNT President and CEO, Sean A. Kingsley, announced, \"With these recent acquisitions, we have managed to broaden our exploration portfolio, bring in additional company supporters, and fortify our involvement in the Baie Verte Peninsula. Our technical team has put forth a considerable amount of work in analyzing and compiling data for this district, and we believe there is a lot of untapped potential for exploration. The district, known for its mineral wealth and history of mining, coupled with strong infrastructure, provides an advantageous setting for a mining company like ours. The area, often referred to as 'the heart of mining in Newfoundland', has a rich history that underlines its significance in the industry. Our Rambler project is an essential part of our overall property portfolio, with a large amount of historical drilling already completed, presenting potential for both deep and lateral expansion. We would like to acknowledge all the vendors who have committed their time and efforts to the exploration of this area. \"As we embark on this path, we invite our friends, family, communities, and investors who share our vision to be part of the formative days of our Company. Recognizing the current market conditions and maintaining our commitment to a balanced share st...