KOOTENAY AND ARCTIC HUNTER COMMENCE A 3D INDUCED POLARIZATION STUDY AT THE SANTA LUCIA GOLD PROPERTY IN SONORA, MEXICO
Release Date: May 3, 2010
VANCOUVER, B.C. Kootenay Gold Inc. (“Kootenay”) (TSX-V: KTN) and Arctic Hunter Uranium Inc. (CNSX: AHU) are pleased to announce that a 3D induced polarization geophysical survey (“3D-IP”) has commenced and is underway on the Santa Lucia Gold and Silver property in Sonora, Mexico. The 3D geophysical program is comprised of approximately 20 line kilometers of line being surveyed over the property. Following the completion of the 3D program and receipt of all required drill permits, drilling will commence on all high priority targets.
The 3D geophysical program is concentrating on the Santa Lucia north area where preliminary geologic mapping and sampling has been successfully completed. The results from the 3D-IP will aid in target definition and will be the basis for a comprehensive diamond drilling program at Santa Lucia.
The 3D Induced Polarization survey will test two primary areas of interest as identified by the recent mapping and compilation of historic work primarily the Central and La Fortuna zones.
The Santa Lucia north area has four mineralized zones forming a 1 by 4 kilometer area of intermittent veining and mineralization and is controlled by north and northwest trending structures. The known mineralization is open to the north and south.
The Santa Lucia north area represents a target area where ore bodies may be buried by shallow cover. The extent of mineralization along trends measuring a few kilometers in length with only about 5% bedrock exposure lend support to the belief the area may contain buried epithermal vein type gold-silver deposits.
Four main areas of alteration and mineralization have been mapped and sampled. From south to north they are the South, Central, San Geronimo and La Fortuna zones. Results will be reported once they have been received and compiled.
The South and Central zones are defining an area of epithermal veining occurring intermittently along a minimum strike length of 1,500 meters. This trend is coincident and overlying a large resistivity anomaly at depth as defined by a CSAMT survey conducted in the late 1990’s. This anomaly remains untested by drilling. Shallow drilling conducted in the 1990’s tested a zone above this anomaly and returned gold values ranged from 0.25 g/t Au to 0.70 g/t Au with some thick low-grade sections including 22.95 m @ 0.51 g/t Au, 13.4 g/t Ag in hole SLC-4; 36.9 m @ 0.25 g/t Au, 15.9 g/t Ag in hole SLC-14.
The San Geronimo and La Fortuna zones form a northwest trending zone of epithermal veining and alteration extending for at least 1,200 meters along strike and open to the northwest. This area is untested by drilling as historic drilling did not test the mineralization.
Surface grab samples collected by Kootenay Gold (News Dec 10, 2009); have returned from background to a high of 34.8 g/t gold and 856 g/t silver from grab samples which indicates the potential for bonanza grades within the system. Additionally one sample of sericitically altered tuff without visible veining assayed 3.138 g/t Au and 173.8 g/t Ag which is an indication that mineralization may be found outside of veining opening up the possibility of wide areas of mineralization.
ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, exploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production and exploration opportunities through selective property acquisitions and identifying low risk exploration drilling activities.
The Company has qualified management and has an Oil & Gas team of professionals seasoned in field exploration and drilling. The Company has the resources and necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource assets. The Company intends to increase its oil production and reserves through its exploration activities and strategic property acquisitions.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
Robert Hall, Director
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.