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HuntMountain Releases New
High-Grade Assays From La Josefina
Gold-Silver Project
(SPOKANE, WA) HuntMountain Resources Ltd.
(OTCBB:HNTM)(Frankfurt:MPT) is pleased to release new high-grade assay
results from twenty diamond core holes drilled within the Sinter, Veta
Amanda, and Veta Sur targets at the La Josefina
gold-silver project in Santa Cruz, Argentina. The latest results
include 1.0 meter (3.28 Ft) of 79.6 grams/tonne (g/t)
(2.32 ounces/ton) gold and 14.2 g/t (0.41 oz/t) silver
in Hole# SSI-D08-167 within the Sinter zone. Additional
selected high-grade intervals include:
|
HOLE
|
From
|
To
|
Interval
|
Gold
|
Silver
|
Gold Equiv.*
|
Cu
|
Pb
|
Zn
|
|
#
|
(m)
|
(m)
|
(m)
|
g/t
|
g/t
|
g/t
|
%
|
%
|
%
|
|
SINTER
|
|
|
|
|
|
|
|
|
|
|
SSI-D08-167
|
29.0
|
34.0
|
5.0
|
16.97
|
3.28
|
17.04
|
0.02
|
0.14
|
0.03
|
|
including
|
33.0
|
34.0
|
1.0
|
79.6
|
14.2
|
79.88
|
0.07
|
0.34
|
0.04
|
|
SSI-D08-107
|
171.7
|
172.8
|
1.1
|
0.53
|
45
|
1.44
|
6.88
|
0.17
|
0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
VETA AMANDA
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-091
|
177.8
|
178.35
|
0.55
|
1.315
|
115
|
3.62
|
12.55
|
Nil
|
0.03
|
|
and
|
187.6
|
188.4
|
0.8
|
7.48
|
22
|
7.92
|
0.14
|
0.14
|
0.08
|
|
|
|
|
|
|
|
|
|
|
|
|
VETA SUR
|
|
|
|
|
|
|
|
|
|
|
SVN-D08-129
|
123.0
|
132.1
|
9.1
|
0.97
|
136
|
3.68
|
0.14
|
2.91
|
0.93
|
|
including
|
123.0
|
128.5
|
5.5
|
1.22
|
142
|
4.06
|
0.19
|
4.37
|
0.92
|
|
SVN-D08-142
|
70.1
|
74.5
|
4.4
|
0.51
|
212
|
4.76
|
0.04
|
0.28
|
0.14
|
|
and
|
96.0
|
99.8
|
3.8
|
1.14
|
69
|
2.51
|
0.07
|
1.49
|
1.10
|
|
SVN-D08-144
|
98.8
|
103.3
|
4.5
|
5.64
|
253
|
10.69
|
0.11
|
6.94
|
2.60
|
|
including
|
98.8
|
102.4
|
3.6
|
6.96
|
306
|
13.09
|
0.13
|
8.16
|
2.99
|
|
SVN-D08-149
|
61.4
|
65.4
|
4.0
|
2.71
|
531
|
13.33
|
0.63
|
12.03
|
0.05
|
|
including
|
63.8
|
65.0
|
1.2
|
5.66
|
1518
|
36.02
|
1.13
|
2.36
|
0.04
|
|
SVN-D08-150
|
18.0
|
24.5
|
6.5
|
5.42
|
273
|
10.87
|
0.35
|
4.98
|
0.07
|
|
including
|
20.0
|
22.7
|
2.7
|
8.70
|
413
|
16.97
|
0.49
|
5.56
|
0.08
|
|
SVN-D08-153
|
37.2
|
43.6
|
6.4
|
3.22
|
71
|
4.55
|
0.13
|
0.97
|
0.15
|
|
including
|
37.2
|
39.0
|
1.8
|
9.39
|
150
|
12.39
|
0.19
|
0.93
|
0.15
|
|
SVN-D08-158
|
118.8
|
120.1
|
1.3
|
4.91
|
234
|
9.59
|
0.68
|
0.57
|
0.10
|
|
SVN-D08-160
|
23.9
|
27.3
|
3.4
|
2.97
|
182
|
6.62
|
0.16
|
1.75
|
0.07
|
*Calculated at
Ag/Au=50.
A complete table of drill results
from the La Josefina
project can be obtained at www.huntmountain.com/pdf/LJresults.pdf
and within the project Technical Report on the Company�s website.
The drill hole numbers associated with this press release are
SSI-D08-107, -108, -111, -115, -119, -122, -161, -163, -165, -166, -167
within the Noreste/Sinter zone and SVN-D08-091, -129, -142, -144, -149,
-150, -153, -158, -160 within the Veta Norte zone.
The latest results were received from exploratory drilling on the
Sinter target and continued resource definition efforts along Veta
Amanda and Veta Sur. Work at Veta Amanda and Veta Sur remains
focused on testing the extent of mineralization at depth and along
strike to the southeast.
�We have covered a lot of ground
over the past year, and these latest results confirm La Josefina�s great
potential,� said Matt Hughes, HuntMountain�s Executive Vice President
and COO. �The current phase of drilling ended on December 1st,
and the remaining core will be processed and shipped for assay prior to
the holiday hiatus. We plan to update the project�s technical
report with a NI 43-101 compliant resource calculation in the first
quarter of 2009.�
The current exploration phase
will conclude with 37,605 meters drilled from 242 Diamond
core holes that tested three of the four broader target zones
identified by previous work conducted by Fomicruz S.E., the provincial
mining company. Assays have been received from 66% percent of the
meters drilled.
The La Josefina
Gold-Silver Project is located in the north-central
portion of Santa Cruz Province in Patagonia�s highly-prospective
Deseado Massif and comprises an area of over 52,770 hectares.
The property encompasses multiple precious metal occurrences within a
10 km-long hydrothermal alteration belt that is 1-3 km wide. The
region hosts numerous precious metal mines in production and deposits
under development. HuntMountain entered into a partnership
agreement with Fomicruz S.E., the provincial mining company, to earn a
91% interest upon completion of a positive feasibility study.
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. HuntMountain takes detailed digital photos of the entire
core before it is cut by saw to half core which is assayed at ALS
Chemex's La Serena
laboratory. As part of quality assurance, quality control (QA/QC),
HuntMountain has incorporated a detailed program of systematically
introducing certified standards, blanks and duplicates into the sample
stream. Half-core samples are being retained on site for verification
and reference purposes.
The qualified person who has
reviewed this news release is James F. Ebisch, M.Sc. Geology. He is a
Registered Professional Geologist in the state of Oregon (G
#928). The intervals of mineralization reported are not true
widths. Based upon the angle of intersection of the drill hole
and the vein projection, the Company�s geological staff estimates that
intervals average about eighty percent of true width.
HuntMountain
Resources Ltd. 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, Director of Investor Relations
HuntMountain Resources
(509) 892-5287 phone
staylor@huntmountain.com
www.huntmountain.com
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