ACCESS Newswire
13 Apr 2021, 17:44 GMT+10
VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / Huntsman Exploration Inc. (TSX.V:HMAN)(OTC PINK:BBBMF) (the 'Company' or 'Huntsman') is pleased to announce that it has completed the final requirements under the option agreement with Trafalgar Resources Pty Ltd and has exercised the option on the Canegrass Mineral Exploration Tenement. The Company now owns an undivided 100% interest in the Tenement.
Huntsman awaits the results of the final 3 holes of diamond core drilling at Canegrass and is nearing completion of the downhole EM and surface MLEM surveys, which is being conducted property wide at the Canegrass project. Results from these surveys, in conjunction with the compilation of final assays will allow detailed planning for Phase II drilling. All drill campaigns executed by Huntsman to date have been successful when using the combination of EM geophysics and drill hole assay results from neighboring mineralized lenses.
Peter Dickie, President and CEO for Huntsman, commented 'I look forward to discussing the recently announced results from our drilling at Canegrass. We are very pleased with the assays, in particular when correlated with the results from 2018. Together, the results of both programs are confirming our belief in the blue-sky potential of this asset. Our exercising of the option, providing a 100% ownership will allow certainty moving forward as we continue to develop this project.'
The following summary encapsulates the Company's positive outlook on the Canegrass project.
Phase I Highlights include:
Table 1. Phase I Drilling at Canegrass Project.
Update on Huntsman's Additional Assets
Baxter Springs Gold Project, Nevada
Flint Gold-Silver Project, Idaho
Figure 1. Aerial image of Canegrass Property boundary (inset) with high priority targets, at Tulloch, Sunline, Winx and Tobin Bronze with 2018 and 2021 drillhole collar locations.
Figure 2. Airborne Magnetic geophysical survey of the Canegrass Property boundary (inset) illustrating the Phase I targets at Tulloch, Sunline, Winx and Tobin Bronze
Figure 3. Cross section of 2018 and 2021 drill holes with historic results from Tulloch zone target.
Figure 4. Core sample of high-grade copper and nickel from BBDD009 at the Tulloch zone - assay returned 1.1 m @ 0.9% Ni, 5.7% Cu, 0.07% Co, 0.11 g/t Pt and 0.05 g/t Pd.
QA/QC
Drill core is logged at the Canegrass project site with cutting and sampling by project personnel being done at a nearby facility. Core samples from the program are cut in half, using a diamond cutting saw with half sent for assay at Intertek laboratory in Perth, Western Australia. The other half is secured and retained on site. All samples are analyzed for a 48 multi-element suite by four acid digest and ICP-MS determination. Select samples are analyzed for Au, Pt and Pd utilizing a 50 g Fire Assay with determination by ICP-MS. Certified reference standards and blanks are routinely inserted into the sample stream as part of Huntsman's quality control/quality assurance program.
Qualified Person
The technical content of this news release with respect to Canegrass has been reviewed and approved by Nathan Tribble, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet visited the Canegrass Project and therefore has not yet verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.
About Huntsman Exploration Inc.
Huntsman is a mineral exploration company focused on the exploration and development of the Canegrass Nickel Sulphide project in Western Australia under the Company's Huntsman nickel division, and the exploration and development of the Company's gold projects under the Huntsman gold division, specifically the Baxter Spring historical gold discovery in Nevada, and the Flint property in Idaho.
On Behalf of the Board of Huntsman Exploration Inc.
Peter Dickie
President and Chief Executive Officer
For more information, please contact 1-855-584-0160 or [email protected].
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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 Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
SOURCE: Huntsman Exploration Inc.
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