VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”), is pleased to announce that the Company has completed a comprehensive technical report on its Trans Canada Gold Project (Dinorwic Gold Property), a district scale gold property located near Dryden, Ontario, Canada (the “Property”). The Trans Canada Gold Project comprises of 14,880-hectare area located to the northwest of Dryden, Ontario. These areas collectively comprises the Trans Canada Gold Project and encompass a contiguous area of 14,880 hectares. Exploration activities for the entire project area are expected to be fully permitted for 2020-2021 field seasons.
The NI-43-101 was prepared jointly by Colin Bowdidge, Ph.D., P. Geo and Derrick Strickland, P.Geo. The Technical Report provides a comprehensive description of the Dinorwic Gold Property including previous work, geology and mineralization and also makes recommendations for further work on the Property. A copy of the Technical Report will be filed on the SEDAR website at www.sedar.com., in the near future.
Trans Canada Gold Project/The Dinorwic Gold Property -District Scale Gold Target
The Dinorwic Property consists of 741 non-surveyed contiguous mineral cell claims totaling 14,880 hectares located within the Kenora Mining Division of Ontario. The Property is located within the Wabigoon Greenstone Belt, which also contains the Thunder Lake Gold deposit and the Goldlund Gold Deposit. The Property contains a number of large shear zones containing quartz carbonate veins, pyrite and arsenopyrite, underlain by mafic volcanics with felsic volcanics in the south. There is a large regional scale iron-carbonate alteration within the property, which is considered to be similar to that of the Red Lake Mining Camp. The regional scale iron-carbonate alteration within the Property is associated with shear zones in iron-tholeiite and are prime targets for gold exploration.
A number of exploration targets have been identified within the property based on their association with regional alteration, known gold showings, shear zones, complex patterns and offsets in the regional magnetic map as well as spatial association with regional structures. The figure below has highlighted the eight initial gold exploration targets identified within the Property. (Map below).
Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved of the technical information disclosed in the news release.
ABOUT ARCTIC HUNTER – GOLD MINERAL EXPLORATION /OIL AND GAS PRODUCTION
The Company is a Canadian Gold and Mineral exploration and Oil & Gas Resource Development Company, that is currently focused on acquiring and developing its’ District Scale Gold exploration project in Ontario, and increasing its oil and gas production capabilities, and obtaining potential future oil production revenues. The Company is focused on identifying, acquiring and financing gold exploration properties and the ongoing development of mining and oil and gas assets primarily situated in Canada, a safe resource exploration jurisdiction. The Company is currently reviewing a number of District Scale gold mineral exploration property opportunities, and identifying low risk exploration opportunities with potential for selective acquisitions and the development of mining exploration assets situated in these favorable resource jurisdictions. The Company has qualified senior exploration management and Geological Mining teams of professionals, seasoned in gold 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 property acquisitions, and responsible exploration and development of mining, and petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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