Huntsman Acquires The Flint Property In Idaho

VANCOUVER - Huntsman Exploration has entered into an option agreement with a wholly owned subsidiary of Headwater Gold Inc. to acquire certain mineral claims located in Owyhee County, Idaho, known as the Flint Property. Flint consists of 238 claims, totaling 1,845 hectares (4560 acres). The Property lies on trend, ~1.2 km south of the historically producing DeLamar and Florida Mountain camps, where Integra Gold has recently defined resources totaling 2.1 Moz of gold and 116 Moz of silver.  

Production of more than 1.5 million ounces of silver was reported from two veins in the Flint camp, which are currently on private land (not in the Agreement) in the core of the Property. Due to the antiquity of the development, few records remain. Generally, the veins in the Flint Mining Camp have been described as containing 20 to 30 ounces per ton of silver (686 to 1,029 g/t silver), with gold values between 0.04 and 0.1 ounces per ton gold (1.25 to 3.13 g/t gold).

All historical exploration details and resource estimates quoted herein are based on reports obtained and prepared by adjacent property operators. The Company has not completed the work necessary to verify results and the figures should not be relied upon, as they have not been verified by a Qualified Person. They are also not necessarily indicative of the mineralization hosted on the Company's Property.

The Flint Property represents an opportunity to apply modern exploration techniques with the goal of defining bulk-mineable gold and silver mineralization near already defined high-grade silver-gold veins. Potential for high-level gold mineralization at Flint, in a geologic setting analogous to the DeLamar deposit, has been recognized but never tested. Of note, high-level epithermal alteration has been mapped over a 4 km-long strike length in the same rhyolitic host rocks as the DeLamar Deposit. Tertiary volcanic rocks overlying the Flint vein system are preserved in the hanging wall of the Flint Creek fault and host widespread silica and clay alteration. The volcanic package comprises rhyolitic flows, vent facies, and basalts that are equivalent to the major ore-hosting units at DeLamar.

Peter Dickie, President and CEO, said, "The acquisition of the Flint gold-silver project in Idaho directly supports our goal of diversified value creation in low-risk jurisdictions. We are also continuing to prep for our exploration programs in Nevada and Western Australia and look forward to providing further updates as we proceed."