CALGARY,
AB, March 1, 2022 /CNW/ - Huntington
Exploration Inc. (TSXV: HEI) ("Huntington" or the
"Company") is pleased to announce it has commenced drilling
on its 100% owned Winora Gold Project ("Winora") located
north of Red Lake, Ontario,
immediately east of the historic Lingman Lake Gold Mine.
Winora Gold Project location and claim map
Huntington's 1,800 metre ("m") drill program will start with a
fence of drill holes along the western claim boundary adjacent to
the Lingman Lake gold bearing vein trend, currently held by
Signature Resources Ltd. ("Signature"). Surface mapping and
prospecting at Winora has identified multiple 1930 to 1940 vintage
hand dug trenches following quartz veining extending from the
Lingman Lake claim boundary well into the Winora property to the
east.
Drilling is targeting the extension of the high-grade gold
bearing quartz veins in both the hanging-wall and footwall of a
series of east-west trending feldspar porphyry dykes discovered on
the Signature side of the claim boundary.
Public information released by Signature suggests that the
individual gold zones and the quartz feldspar porphyry intrusions
composing the Lingman Lake gold mineralization package, which has
been drill tested to 280 m in depth
by Signature, may represent a minimum width of 150 m. Mineralization, which is open in all
directions, is interpreted by the Company to extend from the
Signature property onto Huntington's Winora Property.
Lingman Lake deposit extension towards and the Winora Project
claim boundary
"The Winora property represents an excellent opportunity to
follow-on and expand upon the recent and historic exploration and
development work completed on the Lingman Lake gold zones,"
commented Bryan Wilson, President
& CEO of Huntington Exploration Inc. "This work indicates that
the favorable geology of the Lingman Lake gold mineralization does
not stop at the property boundaries, providing management with the
confidence the mineralization extends into Winora. We look forward
to testing the eastward extension of the Lingman Lake gold system.
Huntington is well financed for all planned exploration activities
with C$8,200,000 currently in
treasury."
Following the drilling program, Huntington will complete ground
geophysics consisting of Magnetics and Induced Polarization ("IP")
before a Phase 2 drill program is initiated.
REVIEW OF TECHNICAL INFORMATION
The scientific and technical information in this press release
has been reviewed and approved by Bruce
Durham, who is a Qualified Person as defined in National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
CORPORATE UPDATE
On February 23, 2022, Huntington
announced the acquisition of Lago de Oro SA de CV, gaining access
to the El Grande Gold Project which covers 550 square kilometer
area in the southern extension of the Sierra Madre Occidental
gold-silver belt in the state of Nayarit,
Mexico. The acquisition represents a unique opportunity for
Huntington to be the first mover in a potential district-scale
gold-silver system as the project already contains widespread
evidence of gold mineralization with no history of modern
exploration to date. Five (5) high priority, large scale
mineral occurrences have been identified to date for immediate
exploration follow-up and drilling which will commence in Q2
2022.
ABOUT HUNTINGTON
Huntington Exploration is focused on the exploration and
development of its portfolio of precious metals properties in
Mexico and Canada. The Company's flagship El Grande gold
project covers 550 square kilometers in the southern extension of
the prolific Sierra Madre Occidental gold-silver belt in the state
of Nayarit, Mexico and
demonstrating significant gold and silver mineralization.
The Company also owns two early-stage gold exploration projects
in Northwestern Ontario, in which
the Company is engaged in ongoing exploration. The Quartz Lake
Project is located 50km east of the prolific Red Lake district and demonstrates many
similar geological features of other successful exploration plays
in the region. The Winora Project is located near Lingman lake, 325
km north of Red Lake and consists
of 17 patented mining claims in that are estimated to be within
500 m and on strike with the historic
Lingman Lake gold deposit.
Huntington Exploration is committed to sustainable and
responsible business activities in line with industry best
practices, supportive of all stakeholders, including the local
communities in which the Company operates.
For more information, please visit the Company's website at
www.huntingtonexploration.ca.
ON BEHALF OF THE BOARD OF HUNTINGTON EXPLORATION INC
"Bryan Wilson"
President & CEO
416-543-9945
bwilson@huntingtonexploration.ca
Note: Huntington's website is expected to relaunch in Q1
2022.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information: This news release
contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. All statements, other
than statements of historical fact, included herein are
forward-looking information. Generally, forward-looking information
may be identified by the use of forward-looking terminology such as
"plans", " expects" or "does not expect", "proposed", "is
expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases, or by the use of
words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. In
particular, this news release contains forward-looking information
regarding: the Winora Project in this release. There can be no
assurance that such forward-looking information will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such forward-looking
information. This forward-looking information reflects Huntington's
current beliefs and is based on information currently available to
Huntington and on assumptions Huntington believes are reasonable.
These assumptions include but are not limited to: drilling targets,
adjacent properties, and expected mineralization. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance, or achievements of Huntington to be
materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may
include, but are not limited to: general business, economic,
competitive, political and social uncertainties; general capital
market conditions and market prices for securities; delay or
failure to receive board or regulatory approvals; the actual
results of future operations; competition; changes in legislation,
including environmental legislation, affecting Huntington; the
timing and availability of external financing on acceptable terms;
and lack of qualified, skilled labor or loss of key individuals. A
description of additional assumptions used to develop such
forward-looking information and a description of additional risk
factors that may cause actual results to differ materially from
forward- looking information can be found in Huntington's
disclosure documents on the SEDAR website at www.sedar.com.
Although Huntington has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Readers are cautioned that the foregoing list of factors
is not exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking information as there can be no
assurance that the plans, intentions, or expectations upon which
they are placed will occur. Forward-looking information contained
in this news release is expressly qualified by this cautionary
statement. The forward-looking information contained in this news
release represents the expectations of Huntington as of the date of
this news release and, accordingly, is subject to change after such
date. However, Huntington expressly disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities law.
SOURCE Huntington Exploration Inc.