Mr. Sean Kingsley reports
GOLD HUNTER IDENTIFIES HIGH-PRIORITY STRUCTURES AT GREAT NORTHERN; GEOPHYSICAL SURVEY EXPANDS KNOWN ZONES AND NEW REGIONAL TRENDS
Gold Hunter Resources Inc. has released the interpretation results of the first ever district-scale helicopter-borne versatile time domain electromagnetic geophysical survey conducted across the Great Northern project in Newfoundland.
Geological context: a district-scale opportunity
The Great Northern project shares striking geological similarities to the province's largest gold deposit, the Valentine gold project (Equinox Gold), located to the south. The Great Northern project is characterized by:
- A major controlling fault: Just as the Valentine gold project's claim controls 30 kilometres of the Valentine Lake share zone, the Great Northern project controls 35 km of the Doucers Valley fault. In both cases, these massive structures run through the properties and are interpreted as the primary fluid conduit for gold mineralization.
- Ideal structural traps: The project features Proterozoic granite contacts with younger sedimentary formations. This specific geological contact creates traps for gold deposition, a geological setting analogous to the most significant discoveries in Newfoundland.
- Proven mineralization: The district hosts orogenic-style gold deposits. This system creates multiple repeating gold zones along the fault, evident in the company's Thor deposit, Rattling Brook and the past-producing Browning mine.
- Untapped potential: While Valentine has entered into production (first gold pour in third quarter 2025), Great Northern represents an early-stage exploration opportunity positioned for discovery. Much of the fault line has been historically underexplored due to fragmented ownership and a lack of modern geophysics.
Survey interpretation: defining the path to discovery
This survey represents the first time a VTEM and magnetic survey has been applied to the Great Northern project in its current district-scale package. The survey covered the entirety of the claim blocks with 100-metre line spacing. This provides a cohesive subsurface view that has allowed the company to identify two primary opportunities for value creation:
- Resource expansion potential (connecting the zones): The high-resolution magnetic data suggest that historically fragmented zones -- specifically in the Viking-Thor-Asgard confluence, where drilling to date has not tested the structures fully, nor tested where they appear to coalesce -- have excellent expansion potential.
- Structural continuity: The survey reveals magnetic lows consistent with faults and other structural breaks, delineating these known zones and then connecting to the northeast, where limited drilling has not transected the interpreted structures sufficiently. This implies that the mineralization identified in historic drilling may extend and has the opportunity to test additional, previously undrilled and unidentified secondary structures.
- Drill-ready targets: These newly defined structural links provide immediate targets for stepout drilling, aiming to connect individual zones into a larger, cohesive resource footprint.
- Regional exploration upside (new discovery targets): Beyond the main corridor and previously delineated structures, the survey has illuminated the district's wider potential, identifying multiple high-priority anomalies along splays of the Doucers Valley fault.
- Parallel trends: The data highlight several undrilled structural trends that share the same geophysical characteristics (magnetic signatures) as the company's known mineralization.
- Pristine targets: These features represent blind targets in areas with no historical drilling, validating the company's thesis that the district hosts multiple repeating gold-bearing structures parallel to the main fault.
Advanced structural analysis: the first vertical derivative
This data set has proved particularly insightful for identifying internal structural geometries within the plutonic rocks across the western extent of the property. Specifically, the data highlight clear north-northeast-trending structures parallel to the Viking and Viking North zones, as well as crosscutting splays between these known and new structures.
Similar magnetic signatures are observed in the Incinerator and Furnace trends, giving a slightly different orientation than previously interpreted and extending these trends to the west-southwest. The new data also reveal additional prospective structures, previously unrecognized, which are roughly parallel to the Viking and Viking north trends to the south.
Sean Kingsley, president and chief executive officer of Gold Hunter, stated: "This survey has fundamentally changed how we view the Great Northern project. We are no longer looking at isolated historic showings. The geophysical data indicates robust structural networks that likely link these areas.
"These results show us that the structures hosting our known gold zones appear to continue into the undrilled gaps between them, offering a clear opportunity to expand the footprint of mineralization. Simultaneously, we are seeing new, parallel structures light up regionally that look identical to our known mineralization. We look forward to drill testing these high-potential targets."
About the Great Northern project
The Great Northern project is a district-scale land package situated in the White Bay area of Newfoundland. The project is a consolidation of the company's 100-per-cent-owned mineral licences and claims under an option agreement with Magna Terra Minerals Inc., whereby Gold Hunter may acquire the remaining 100-per-cent interest upon a final payment due in June, 2026. This consolidation unites a fractured historic district into a single, cohesive exploration opportunity along the prolific Doucers Valley fault.
Qualified person
This news release, along with all scientific and technical information, has been reviewed and approved by Rory Kutlouglu, BSc, PGeo, a qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and is the consulting technical lead for Gold Hunter.
About Gold Hunter Resources Inc.
Gold Hunter is a Canadian mineral exploration company dedicated to acquiring and advancing high-potential precious and base metal projects. The company employs a data-driven exploration strategy, merging modern techniques with historical data to unlock district-scale opportunities. The Great Northern project, covering 26,237 hectares and over 35 kilometres of strike length along the prospective Doucers Valley fault structure, is the company's flagship asset. Within the Doucers Valley fault, there has been identified 50-plus-kilometre potential splays and secondary faults with known mineralization and potential for additional mineralization. Gold Hunter is committed to responsible exploration, stakeholder engagement and creating long-term shareholder value.
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