|
HuntMountain Drilling Extends
High-Grade Zone at La Josefina Gold-Silver Project
(SPOKANE, WA) HuntMountain
Resources (OTCBB: HNTM) (Frankfurt: MPT) announced additional
high-grade assays from its ongoing diamond core drilling program at the
La Josefina gold-silver project in Santa Cruz Province Argentina.
Drilling at the �Veta Sur� target has identified an extension of the
mineralized zone which remains open at depth and along strike to the
south. Substantial copper, lead, and zinc values have been
returned as well, representing a new base metal oreshoot previously
unrecognized by historical drilling. Significant assays include:
|
HOLE
|
From
|
To
|
Interval
|
Gold
|
Silver
|
Gold
Equiv.*
|
Cu
|
Pb
|
Zn
|
|
#
|
(m)
|
(m)
|
(m)
|
g/t
|
g/t
|
g/t
|
%
|
%
|
%
|
|
SVN-D08-132
|
70.0
|
81.0
|
11.0
|
2.66
|
221.24
|
6.59
|
2.10
|
2.18
|
0.18
|
|
including
|
70.0
|
75.0
|
5.0
|
3.17
|
385.41
|
10.02
|
3.48
|
2.08
|
0.13
|
|
including
|
76.0
|
77.0
|
1.0
|
8.56
|
284.50
|
13.61
|
4.69
|
4.37
|
0.34
|
|
SVN-D08-127
|
125.1
|
127.2
|
2.1
|
3.25
|
184.97
|
6.54
|
7.16
|
0.17
|
0.08
|
|
and
|
128.8
|
129.7
|
0.9
|
1.43
|
106.22
|
3.32
|
1.99
|
0.81
|
0.17
|
�These latest assays from the
Veta Sur target are highly encouraging and illustrate the opportunities
for increasing shareholder value through base metal potential,� said
Matt Hughes, Executive Vice President and COO. �Veta Sur is the
southernmost vein system identified within the broader Veta Norte zone
which includes the high-grade Veta Amanda system. The latest
results show increasing continuity of precious metal mineralization and
outstanding levels of copper and lead occurrences within the high-grade
gold-silver intercepts. HuntMountain�s earlier drilling at Veta
Sur also returned significant base metal grades, and a full analysis of
base metal potential at La Josefina is currently underway.�
HuntMountain has drilled over
20,000 meters including 122 holes across the Veta Norte, Sinter, and
Central zones at La Josefina since November 2007. A complete
table of drill results can be obtained at www.huntmountain.com on the La
Josefina project page and within the NI 43-101 Technical Report.
Certified sample preparation,
gold and silver fire assay, and 28 element ICP analysis were carried
out by ALS Chemex in Mendoza, Argentina and La Serena, Chile.
All current and
previously-released drill results from the Veta Sur target greater than
1 g/t gold or greater than 1% copper, lead, or zinc are included in the
table below:
|
HOLE NUMBER
|
From (m)
|
To (m)
|
Interval (m)
|
Au g/t
|
Ag g/t
|
Cu %
|
Pb %
|
Zn %
|
|
|
|
|
|
|
|
|
|
|
|
VETA
SUR
|
|
|
|
|
|
|
|
|
|
SVN-D07-004
|
23.15
|
24
|
0.85
|
8.22
|
2.3
|
0.006
|
0.168
|
0.038
|
|
|
24
|
26
|
2.00
|
1.14
|
0.8
|
0.004
|
0.121
|
0.028
|
|
|
30
|
31
|
1.00
|
2.12
|
2.2
|
0.005
|
0.301
|
0.018
|
|
|
41
|
41.77
|
0.77
|
2.81
|
129
|
0.123
|
0.374
|
0.135
|
|
|
41.77
|
42.65
|
0.88
|
19.9
|
2100
|
0.413
|
0.646
|
0.138
|
|
|
42.65
|
43.3
|
0.65
|
16.55
|
537
|
0.627
|
0.147
|
0.111
|
|
|
62.5
|
63
|
0.5
|
0.106
|
12.1
|
0.032
|
1.000
|
0.132
|
|
|
74.5
|
75
|
0.50
|
0.492
|
33.5
|
0.021
|
4.830
|
0.078
|
|
|
75
|
76
|
1
|
0.132
|
7.5
|
0.030
|
1.180
|
0.151
|
|
|
111
|
111.75
|
0.75
|
0.113
|
4.1
|
0.018
|
0.708
|
2.310
|
|
|
138
|
140
|
2
|
0.114
|
10.6
|
0.060
|
1.190
|
1.390
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D07-005
|
62
|
62.7
|
0.70
|
3.08
|
15.8
|
0.019
|
0.464
|
0.101
|
|
|
99.8
|
100.3
|
0.5
|
0.184
|
22.9
|
0.066
|
0.819
|
1.450
|
|
|
100.3
|
101.15
|
0.85
|
8.36
|
16.3
|
0.034
|
0.995
|
0.313
|
|
|
101.15
|
101.7
|
0.55
|
0.11
|
6.8
|
0.022
|
1.080
|
0.542
|
|
|
101.7
|
102.2
|
0.50
|
0.993
|
16.7
|
0.250
|
1.730
|
0.046
|
|
|
102.2
|
102.7
|
0.50
|
3.75
|
52.8
|
0.209
|
5.420
|
0.921
|
|
|
103.2
|
103.7
|
0.5
|
0.443
|
9.6
|
0.101
|
1.320
|
0.590
|
|
|
107
|
109
|
2
|
0.146
|
20.7
|
0.021
|
1.540
|
0.542
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D07-006
|
6
|
6.5
|
0.50
|
2.45
|
29.8
|
0.048
|
0.125
|
0.097
|
|
|
6.5
|
7
|
0.50
|
2.5
|
130
|
0.137
|
0.677
|
0.201
|
|
|
9
|
9.5
|
0.50
|
2.8
|
84.8
|
0.091
|
0.347
|
0.082
|
|
|
32
|
32.5
|
0.50
|
1.83
|
54.9
|
0.026
|
0.197
|
0.084
|
|
|
32.5
|
33
|
0.50
|
1.69
|
29.8
|
0.020
|
0.187
|
0.100
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D07-007
|
33.9
|
34.75
|
0.85
|
1.375
|
4
|
0.027
|
0.262
|
0.034
|
|
|
99.7
|
100.3
|
0.60
|
4
|
157
|
2.650
|
0.637
|
0.297
|
|
|
100.3
|
100.85
|
0.55
|
2.03
|
70.8
|
0.185
|
0.324
|
0.179
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D07-013
|
2
|
3.75
|
1.75
|
0.445
|
1.2
|
0.011
|
1.650
|
0.059
|
|
|
78.6
|
79.1
|
0.50
|
0.188
|
42.7
|
0.128
|
6.150
|
4.430
|
|
|
109.75
|
110.25
|
0.50
|
0.104
|
72.9
|
0.048
|
6.780
|
1.360
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-048
|
96
|
96.4
|
0.40
|
0.125
|
61.4
|
0.068
|
4.130
|
0.253
|
|
|
97.4
|
97.9
|
0.50
|
0.256
|
139
|
0.123
|
7.070
|
0.424
|
|
|
100.9
|
101.35
|
0.45
|
0.241
|
218
|
2.500
|
12.450
|
0.111
|
|
|
101.35
|
101.9
|
0.55
|
1.12
|
623
|
0.150
|
30.000
|
0.363
|
|
|
101.9
|
103
|
1.10
|
0.227
|
22.7
|
0.030
|
1.710
|
0.182
|
|
|
104
|
104.65
|
0.65
|
6.5
|
1825
|
2.430
|
19.600
|
0.067
|
|
|
106
|
107
|
1.00
|
1.045
|
23.6
|
0.057
|
0.489
|
0.132
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-049
|
27.3
|
27.85
|
0.55
|
2.15
|
76.2
|
0.096
|
0.746
|
0.114
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-050
|
65.8
|
66.95
|
1.15
|
1.455
|
5.1
|
0.094
|
0.073
|
0.075
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-051
|
78.3
|
78.7
|
0.4
|
1.225
|
2.2
|
0.010
|
0.237
|
0.115
|
|
|
81
|
81.6
|
0.6
|
1.22
|
2.1
|
0.008
|
0.315
|
0.391
|
|
|
85.5
|
86.15
|
0.65
|
1.14
|
2.9
|
0.014
|
0.187
|
0.169
|
|
|
148
|
148.8
|
0.8
|
1.62
|
221
|
0.224
|
10.100
|
0.116
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-127
|
125.1
|
125.65
|
0.55
|
1.015
|
10.2
|
0.126
|
0.142
|
0.071
|
|
|
125.65
|
126.07
|
0.42
|
5.75
|
185
|
5.08
|
0.132
|
0.045
|
|
|
126.07
|
126.4
|
0.33
|
2.63
|
224
|
10.15
|
0.043
|
0.049
|
|
|
126.4
|
126.8
|
0.40
|
2.88
|
349
|
19.75
|
0.089
|
0.058
|
|
|
126.8
|
127.2
|
0.40
|
4.57
|
229
|
3.98
|
0.417
|
0.152
|
|
|
128.8
|
129.2
|
0.40
|
1.215
|
142
|
2.37
|
0.741
|
0.220
|
|
|
129.2
|
129.7
|
0.50
|
1.605
|
78
|
1.68
|
0.87
|
0.136
|
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-132
|
70
|
70.5
|
0.50
|
1.07
|
17.6
|
0.255
|
0.702
|
0.193
|
|
|
70.5
|
71
|
0.50
|
4
|
249
|
2.68
|
0.921
|
0.342
|
|
|
71
|
71.5
|
0.50
|
7.8
|
682
|
3.08
|
7.49
|
0.048
|
|
|
71.5
|
72
|
0.50
|
3.36
|
794
|
8.63
|
1.34
|
0.070
|
|
|
72
|
72.5
|
0.50
|
0.801
|
60.7
|
0.347
|
1.29
|
0.156
|
|
|
72.5
|
73
|
0.50
|
2.54
|
87.9
|
0.705
|
1.52
|
0.193
|
|
|
73
|
73.5
|
0.50
|
1.11
|
69.9
|
0.592
|
1.21
|
0.084
|
|
|
73.5
|
74
|
0.50
|
4.63
|
764
|
9.88
|
0.397
|
0.034
|
|
|
74
|
74.5
|
0.50
|
4.72
|
525
|
6.61
|
1.98
|
0.039
|
|
|
74.5
|
75
|
0.50
|
1.65
|
604
|
2.07
|
3.94
|
0.131
|
|
|
75
|
75.5
|
0.50
|
0.611
|
18.4
|
0.651
|
3.15
|
0.115
|
|
|
75.5
|
76
|
0.50
|
0.906
|
16
|
0.152
|
1.51
|
0.197
|
|
|
76
|
76.5
|
0.50
|
6.46
|
254
|
4.8
|
4.9
|
0.354
|
|
|
76.5
|
77
|
0.50
|
10.65
|
315
|
4.58
|
3.83
|
0.325
|
|
|
77
|
77.5
|
0.50
|
0.778
|
31.8
|
0.175
|
0.944
|
0.200
|
|
|
77.5
|
78
|
0.50
|
0.657
|
20.9
|
0.194
|
1.26
|
0.290
|
|
|
78
|
78.5
|
0.50
|
0.636
|
22.6
|
0.132
|
2.15
|
0.213
|
|
|
78.5
|
79
|
0.50
|
3.69
|
252
|
0.126
|
5.4
|
0.181
|
|
|
79
|
80
|
1.00
|
0.567
|
35.9
|
0.229
|
1.37
|
0.132
|
|
|
80
|
81
|
1.00
|
0.657
|
5.3
|
0.049
|
0.645
|
0.256
|
*Gold equivalent
grade was calculated by dividing the silver assay result by 52.6 and
adding it to the gold value. Gold and silver values reflect prices on
8/8/2008. Troy ounces/short ton was calculated by dividing grams
by 34.29 and rounding to 2 decimal places. Interval calculations are
based on a weighted average using a 1.00 g/t cutoff value.
HuntMountain
Resources is a U.S.-based junior
exploration company engaged in acquiring, exploring and developing
precious and base metals properties throughout North and South America.
The Company currently controls and operates projects in Santa Cruz
Argentina, Chihuahua Mexico, Nevada USA, and Quebec Canada.
This news release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. Forward-looking
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy, and some of which might not
even be anticipated. This news release is neither a prospectus nor an
offer to sell securities or stocks in the company. It is intended for
informational purposes only.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Steve Taylor, Vice President of Corporate Development
HuntMountain Resources
(509) 892-5287
staylor@huntmountain.com
www.huntmountain.com
�
2008 HuntMountain Resources. All rights reserved
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