Hunter Bay Minerals has obtained additional assay results from the current channel sampling campaign conducted at Sela Creek.
The company has discovered a new prospect, Puma, 2.5 km towards the southeast part from Jons Pit. The Puma pit discovery has validated a mineralized trend of length 7 km at Sela Creek. The location of Cambior, Jons pit, Puma, Stranger and Texas prospects are situated in this trend. These prospects have several artisanal open pits that have exploited veins and mineralization with shear fault.
The Central Ridge prospect is situated between the Paaston and Cambior pits. This prospect has arsenic and gold in soil anomaly. The company has intended to perform an infill soil grid for this region during the first quarter of 2012. It has observed a mineralized system related to a potential intrusion.
The Jons Pit prospect has several artisanal pits over a length of 1.3 km. Mineralized gold is connected with limonite stained schist, silica altered and lenticular quartz veins.
The company has encountered 12.19 g/t gold over 1.0 m and 2.63 g/t gold over 10 m in the channel CH014, 3.50 g/t gold over 1.0 m and 1.09 g/t gold over 16.0 m in the channel CH015, 8.55 g/t gold over 1.0 m and 2.71 g/t gold over 4.0 m in the channel CH021, 9.90 g/t gold and 8.19 g/t gold over 1.0 m and 6.44 g/t gold over 3.3 m in the channel CH025.
The Puma prospect has a moderately dipping quartz vein zone present in hematitic saprolite, mica rich, schistose. Additional exploration is needed to find the true level of this zone, because the artisanal miners have recently opened mineralization at Puma.
The company has planned to begin a 5000 m diamond drilling during the first quarter of 2012, based on the availability of rigs. The focus of drilling will be on the Cambior and Jons Pit prospects, for around 3,000 m. Scout drilling will be conducted for the remaining 2,000 m at the Puma and Stranger prospects.
Hunter Bay will carry on soil sampling during first quarter of 2012, for following the anomalies identified in the soil sampling of 2011.
Source: http://www.hunterbayminerals.com/