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HuntMountain
Releases Best Drill Results to Date at La Josefina Gold-Silver Project
(SPOKANE, WA) HuntMountain
Resources (OTCBB: HNTM) (Frankfurt: MPT) announced the Company�s best
assay results to date from its ongoing diamond core drilling program at
the La Josefina gold-silver project in Santa Cruz Province Argentina.
New results from the �Veta Amanda� target include 2.85 meters (9.35
feet) at a gold equivalent grade* of 16.63 grams/tonne (0.49
ounces/ton) containing 0.4
meters (1.31 feet) of 50.2 g/t (1.46 oz/t) gold and 166 g/t (4.84 oz/t)
silver from a depth of 29.6 meters (97.09 feet).
Additional significant assays from the Veta Amanda target are as
follows:
|
HOLE
|
From
|
To
|
Interval
|
Gold
|
Silver
|
Gold Equiv.*
|
|
#
|
(m)
|
(m)
|
(m)
|
g/t
|
g/t
|
g/t
|
|
SVN-D08-078
|
29.15
|
32.0
|
2.85
|
14.78
|
96.82
|
16.63
|
|
including
|
29.60
|
30.0
|
0.40
|
50.2
|
166.0
|
53.38
|
|
including
|
30.0
|
30.8
|
0.8
|
18.25
|
161.0
|
21.33
|
|
SVN-D08-081
|
154.7
|
156.25
|
1.55
|
10.86
|
263.77
|
15.91
|
|
including
|
155.1
|
156.25
|
1.15
|
14.22
|
312.74
|
20.20
|
|
SVN-D08-084
|
167.8
|
169.23
|
1.43
|
15.63
|
286.54
|
21.12
|
|
including
|
168.4
|
169.23
|
0.83
|
21.4
|
245.0
|
26.09
|
|
SVN-D08-094
|
167.2
|
168.1
|
0.90
|
7.55
|
30.9
|
8.14
|
�We are very pleased with the
latest series of results from Veta Amanda,� said Executive Vice
President & COO Matt Hughes. �The increase in size,
continuity, and grade of mineralization exhibited within this target
confirms our previous work at La Josefina and keeps our efforts on
schedule to develop a NI 43-101-compliant resource by the end of 2008.�
The Veta Amanda target, located
within the �Veta Norte� zone at La Josefina is one of most promising
mineralized vein segments tested to date. Drilling has confirmed
continuity in depth up to 250 meters down dip and the vein remains open
both at depth and along strike to the south. Previously released
assays from Veta Amanda have also yielded significant precious metal
values including 2.3 meters of 13.23 g/t gold and 998 g/t silver at
41.0 meters depth and 1.1 meters of 13.28 g/t gold and 262.5 g/t silver
at 124.2 meters depth. One of the Company�s two operating core
drills at La Josefina has been dedicated to an extensive step-out and
infill program within the target area at an average density of one
drill hole per thirty meters.
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.
Previous assays from Veta Amanda
are available at www.huntmountain.com
within Press Releases 08-03, 08-06, and 08-08 corresponding to drill
holes SVN-D07-001, SVN-D07-002, SVN-D07-003, SVN-D07-009, and
SVN-D07-010. The most recent assays from the Veta Amanda target
over 1 g/t are included below.:
|
HOLE NUMBER
|
From (m)
|
To (m)
|
Interval (m)
|
Au g/t
|
Ag g/t
|
|
|
|
|
|
|
|
|
VETA AMANDA
|
|
|
|
|
|
|
SVN-D08-076
|
15.25
|
16.25
|
1.00
|
1.81
|
8.5
|
|
|
17.25
|
18.2
|
0.95
|
1.61
|
12.7
|
|
|
21.95
|
22.35
|
0.40
|
2.27
|
5.4
|
|
|
29.15
|
29.6
|
0.45
|
1.15
|
1.5
|
|
|
35.85
|
36.25
|
0.40
|
1.86
|
65.1
|
|
|
|
|
|
|
|
|
SVN-D08-078
|
29.15
|
29.6
|
0.45
|
8.41
|
53
|
|
|
29.6
|
30
|
0.40
|
50.2
|
166
|
|
|
30
|
30.4
|
0.40
|
14.1
|
142
|
|
|
30.4
|
30.8
|
0.40
|
22.4
|
180
|
|
|
30.8
|
32
|
1.20
|
3.05
|
47.4
|
|
|
36.3
|
36.93
|
0.63
|
8.33
|
15.8
|
|
|
|
|
|
|
|
|
SVN-D08-080
|
25.65
|
26.05
|
0.40
|
16.9
|
20.4
|
|
|
28.15
|
28.55
|
0.40
|
1.54
|
14.6
|
|
|
|
|
|
|
|
|
SVN-D08-081
|
154.7
|
155.1
|
0.40
|
1.205
|
123
|
|
|
155.1
|
155.85
|
0.75
|
13.8
|
295
|
|
|
155.85
|
156.25
|
0.40
|
15
|
346
|
|
|
177.03
|
177.6
|
0.57
|
4.24
|
78.7
|
|
|
220.97
|
221.2
|
0.23
|
2.16
|
11.6
|
|
|
|
|
|
|
|
|
SVN-D08-084
|
27.9
|
28.32
|
0.42
|
1.42
|
11.6
|
|
|
167.8
|
168.4
|
0.60
|
7.66
|
344
|
|
|
168.4
|
169.23
|
0.83
|
21.4
|
245
|
|
|
193.45
|
194
|
0.55
|
6.58
|
58
|
|
|
194
|
194.56
|
0.56
|
3.66
|
105
|
|
|
195.56
|
195.98
|
0.42
|
1.68
|
102
|
|
|
|
|
|
|
|
|
SVN-D08-085
|
49.4
|
50.4
|
1.00
|
1.975
|
9.2
|
|
|
51.4
|
51.96
|
0.56
|
0.958
|
6.4
|
|
|
51.96
|
52.6
|
0.64
|
4.66
|
25.8
|
|
|
52.6
|
53
|
0.40
|
2.75
|
22.8
|
|
|
111
|
111.4
|
0.40
|
5.14
|
1.4
|
|
|
|
|
|
|
|
|
SVN-D08-086
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155.35
|
155.9
|
0.55
|
2.27
|
106
|
|
|
163
|
163.4
|
0.40
|
2.33
|
13.7
|
|
|
171.6
|
172.2
|
0.60
|
1.08
|
1.2
|
|
|
175.1
|
175.55
|
0.45
|
3.27
|
60.3
|
|
|
175.86
|
176.6
|
0.74
|
4.13
|
33.9
|
|
|
194
|
194.65
|
0.65
|
1.42
|
9.1
|
|
|
|
|
|
|
|
|
SVN-D08-087
|
49.75
|
50.15
|
0.40
|
3.38
|
1.1
|
|
|
77.7
|
78.1
|
0.40
|
3.9
|
3.4
|
|
|
86.7
|
87.1
|
0.40
|
19.1
|
46.8
|
|
|
88
|
88.4
|
0.40
|
1.08
|
11.2
|
|
|
|
|
|
|
|
|
SVN-D08-093
|
169.33
|
169.85
|
0.52
|
3.32
|
17.9
|
|
|
170.8
|
171.3
|
0.50
|
5.35
|
2.9
|
|
|
|
|
|
|
|
|
SVN-D08-094
|
167.2
|
167.66
|
0.46
|
12.95
|
37.3
|
|
|
167.66
|
168.1
|
0.44
|
1.91
|
24.2
|
|
|
169.15
|
169.65
|
0.50
|
1.19
|
13.6
|
|
|
169.65
|
170.1
|
0.45
|
1.915
|
2.4
|
*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 7/1/2008. 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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