Quantcast
Last updated on April 23, 2014 at 21:24 EDT

HuntMountain Releases Additional High-Grade Gold-Silver Intercepts at La Josefina

August 19, 2008

HuntMountain Resources Ltd. (OTCBB: HNTM) (Frankfurt: MPT) released additional high-grade assays from its ongoing 25,000 meter diamond core drilling program at the La Josefina gold-silver project in Santa Cruz Province, Argentina. The latest results encompass drilling in the broader Veta Norte zone along the high-grade Veta Amanda and Veta Norte vein systems. Significant assays include:

  ---------------------------------------------------------------------- Gold HOLE            From    To   Interval Gold  Silver Equiv.(a) ---------------------------------------------------------------------- #              (m)   (m)     (m)     g/t   g/t      g/t ---------------------------------------------------------------------- SVN-D08-117        13.45  19.3    5.85   5.01  77.72    6.28 ---------------------------------------------------------------------- including         14.8   17.6    2.8    7.86  120.26   9.82 ---------------------------------------------------------------------- SVN-D08-096        229.6 231.82   2.22   5.93  58.76    6.88 ---------------------------------------------------------------------- SVN-D08-082        43.36 43.84    0.48   30.0   99.9    31.63 ---------------------------------------------------------------------- SVN-D08-103        19.08  19.5    0.42   14.05 578.0    23.45 ----------------------------------------------------------------------  

“Veta Amanda continues to yield excellent high-grade gold and silver values,” said Danilo Silva, HuntMountain’s General Manager of South American Operations. “We have a full pipeline of assay results streaming in weekly, and we are pleased to see the consistency of the gold-silver intercepts as well as the increasing continuity of mineralization within this zone. These results will be particularly helpful as we begin calculating a resource for La Josefina this fall.”

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.

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.

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. The most current assays greater than 1 gram/tonne gold are included in the table below:

  ---------------------------------------------------------------------- HOLE NUMBER         From (m) To (m) Interval (m) Au g/t Ag g/t ----------------------------------------------------------------------  ---------------------------------------------------------------------- VETA NORTE ---------------------------------------------------------------------- SVN-D07-011            33.90  34.50         0.60   2.31  21.40 ---------------------------------------------------------------------- 40.90  41.35         0.45   2.68   9.50 ---------------------------------------------------------------------- 43.00  43.85         0.85   7.05   8.60 ---------------------------------------------------------------------- 48.00  49.00         1.00   1.14   1.70 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D07-012            65.40  66.35         0.95   1.01   8.60 ---------------------------------------------------------------------- 89.95  90.70         0.75   2.06  19.70 ---------------------------------------------------------------------- 90.70  91.20         0.50   0.39  51.30 ----------------------------------------------------------------------  ---------------------------------------------------------------------- VETA AMANDA ---------------------------------------------------------------------- SVN-D08-082            43.36  43.84         0.48     30   99.9 ---------------------------------------------------------------------- 49.41  50.17         0.76    2.1    105 ---------------------------------------------------------------------- 84.3  84.75         0.45   5.48    135 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-083            31.45  32.35         0.90  1.065     46 ---------------------------------------------------------------------- 32.7   33.1         0.40   2.37   16.2 ---------------------------------------------------------------------- 33.1   33.5         0.40    2.1    8.7 ---------------------------------------------------------------------- 34.3  34.75         0.45   2.45    5.8 ---------------------------------------------------------------------- 38.3   39.1         0.80   1.35    2.1 ---------------------------------------------------------------------- 41.7   42.1         0.40   2.12    2.7 ---------------------------------------------------------------------- 42.6     43         0.40   1.72    9.5 ---------------------------------------------------------------------- 43   43.5         0.50  1.115   18.6 ---------------------------------------------------------------------- 43.5     44         0.50   4.35   85.2 ---------------------------------------------------------------------- 49.75   50.2         0.45  0.935    3.4 ---------------------------------------------------------------------- 80.1   80.5         0.40   1.21      0 ---------------------------------------------------------------------- 94.35  94.75         0.40  0.835   17.1 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-095            128.7  129.1         0.40   5.66   51.2 ---------------------------------------------------------------------- 129.65  130.4         0.75   2.31   14.3 ---------------------------------------------------------------------- 130.4 130.73         0.33   6.87   50.2 ---------------------------------------------------------------------- 201.5  201.9          0.4  1.475      6 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-096            229.6    230          0.4  0.451   36.3 ---------------------------------------------------------------------- 230  230.4          0.4   6.64   90.2 ---------------------------------------------------------------------- 230.4  230.8          0.4    2.9    105 ---------------------------------------------------------------------- 230.8 231.15         0.35   7.79   39.2 ---------------------------------------------------------------------- 231.15 231.82         0.67    9.6     36 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-103             12.1   12.6          0.5  10.05   12.7 ---------------------------------------------------------------------- 18.07   18.4         0.33   2.71   14.3 ---------------------------------------------------------------------- 19.08   19.5         0.42  14.05    578 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-104             23.2   23.6         0.40    3.1    5.7 ---------------------------------------------------------------------- 25.6  26.25         0.65  1.205      6 ---------------------------------------------------------------------- 39  40.45         1.45   2.54    8.8 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-105            15.25  15.75         0.50   3.78    7.3 ---------------------------------------------------------------------- 18.65  19.15         0.50   3.54    9.8 ---------------------------------------------------------------------- 20.15  22.15         2.00   1.01    1.7 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-117              7.1    7.5         0.40   1.42   15.2 ---------------------------------------------------------------------- 11.85   12.3         0.45  1.735   14.7 ---------------------------------------------------------------------- 13.45  13.85         0.40  0.561   23.7 ---------------------------------------------------------------------- 13.85   14.8         0.95  0.677   24.8 ---------------------------------------------------------------------- 14.8   15.4         0.60   20.2    192 ---------------------------------------------------------------------- 15.4     16         0.60  1.465   38.8 ---------------------------------------------------------------------- 16   16.6         0.60   9.19    175 ---------------------------------------------------------------------- 16.6  17.05         0.45   3.33   99.3 ---------------------------------------------------------------------- 17.05   17.6         0.55   3.65   88.3 ---------------------------------------------------------------------- 17.6   18.2         0.60  0.965   56.5 ---------------------------------------------------------------------- 18.2   18.6         0.40   4.08   74.6 ---------------------------------------------------------------------- 18.6   19.3         0.70   6.03   30.2 ---------------------------------------------------------------------- 25.9   26.9         1.00   1.26      1 ---------------------------------------------------------------------- 27.95   28.4         0.45   1.15    2.8 ---------------------------------------------------------------------- 29.2  29.65         0.45    3.6   23.2 ----------------------------------------------------------------------  ---------------------------------------------------------------------- SVN-D08-118                6      7         1.00   4.26   17.9 ---------------------------------------------------------------------- 9.8   10.2         0.40  1.275   11.5 ---------------------------------------------------------------------- 11.25     12         0.75   24.3   84.2 ---------------------------------------------------------------------- 13.5  14.25         0.75   1.37   17.7 ---------------------------------------------------------------------- 14.25   15.4         1.15   3.12     18 ---------------------------------------------------------------------- 17   17.5         0.50   3.31    9.2 ---------------------------------------------------------------------- 27.5   27.9         0.40  0.926   10.7 ----------------------------------------------------------------------  (a)Gold equivalent grade was calculated by dividing the silver assay result by 61.46 and adding it to the gold value. Gold and silver values reflect prices on 8/15/2008.  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 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.