Huntington Exploration Commences Phase 1 Drill Program on the Winora Gold Project in Northern Ontario

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
[email protected]

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.

Katherine Pryde, [email protected]