5th of Feb....25 days ago2 Mar 2015 11:25
Results of Pampamali Sampling Programme
Wed, 4th Feb 2015 07:00
RNS Number : 9661D
Hunter Resources PLC
04 February 2015
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4 February 2015
Hunter Resources plc
("Hunter" or the "Company")
(AIM: HUN)
RECENT RESULTS FROM THE COMPANY'S EXPLORATION PROGRAMME AT PAMPAMALI
UPDATE ON REQUIRED COMMUNITY AND REGULATORY APPROVALS
REVISED AGREEMENT WITH OWNER OF PAMPAMALI
The Company is pleased to announce the results from its recent exploration programme at Pampamali, its high-grade gold, silver and base metal project in Peru.
PAMPAMALI HIGHLIGHTS
· 83 samples were taken in the Santo Domingo and Liz-Luz areas to investigate historical anomalies identified by previous explorers.
· The existence of a 350m long Santo Domingo Vein anomaly identified by Peruvian Mining Company Buenaventura (NYSE: NVN) was confirmed by latest results and extended by an additional 900m by Hunter, returning high-grade results.
· Identification by Hunter of new anomalous zones containing very high grades:
· Strong Au-Ag anomalies on Santo Domingo and adjacent veins
· Best results: 60.2 g/t Au, 869 g/t Ag
36.5 g/t Au, 1005 g/t Ag
36.0 g/t Au, 175 g/t Ag
14.6 g/t Au, 51.2 g/t Ag
· Sampled previously unmapped Northeast Vein, north east of the Luz vein
· Best results: 85.9 g/t Au, 1065 g/t Ag
27.0 g/t Au, 169 g/t Ag
8.07 g/t Au, 151 g/t Ag
Simon Hunt, Executive Chairman of Hunter, said "We are pleased and encouraged with the excellent results received from our recent sampling programme at Pampamali, including the discovery of the Santo Nuevo and Northeast veins. The results indicate wide spread high-grade gold occurrences which provide strong support for the potential of the project and the discovery of gold and silver resources. Every effort will be made to secure the necessary approvals required for the Company to lodge its application for a drilling permit from the relevant authorities as soon as possible."