2008-07-16 06:00:00
SPOKANE, Wash.–(EMWNews)–HuntMountain Resources (OTCBB:HNTM) (Frankfurt:MPT) has identified an
additional high-grade zone of gold mineralization through its ongoing
diamond core drilling program at the La Josefina gold-silver project in
Santa Cruz Province Argentina. The Company’s
exploration team isolated the previously unrecognized structural
corridor within the “Sinter”
target through a combination of detailed geologic mapping and
interpretation of new geophysical survey data.
Assays have been received for the first three drill holes, the first of
which cut the brecciated feeder zone at a depth of 40.25 meters (m)
and returned 1.75m of 14.1 grams/tonne (g/t) gold and 4.7 g/t silver.
Historical trenching located near this initial discovery drill hole
returned values of 3.0m at 176.9 g/t gold. The second hole failed to
reach target depth, but the third, located 100 meters to the south, cut
consecutive mineralized intervals of 0.4m at 9.05 g/t gold and 4.3 g/t
silver and 0.45m at 2.53 g/t gold and 3.3 g/t silver at a depth of 71.0
meters. The area remains wide open along strike and at depth.
The broader target zone was identified by previous exploration conducted
over the last 14 years and was designated the “Sinter”
because it encompasses an area of high-level epithermal mineralization
indicated by a preserved fossil hot spring environment. Previous work
included 22 shallow HQ-sized diamond core drill holes (average depth
less than 60 meters) which tested a number of the zone’s
peripheral targets. Significant historical drill results included:
|
HOLE |
|
From |
|
To |
|
Interval |
|
Gold |
|
# |
|
(m) |
|
(m) |
|
(m) |
|
g/t |
|
DDH-12 |
|
3.05 |
|
15.25 |
|
12.20 |
|
22.94 |
|
SI-3 |
|
7.35 |
|
10.35 |
|
3.00 |
|
7.48 |
|
SI-6 |
|
4.60 |
|
5.60 |
|
2.00 |
|
2.51 |
|
SI-7 |
|
43.10 |
|
45.00 |
|
1.90 |
|
2.96 |
|
DDH-13 |
|
14.09 |
|
21.35 |
|
7.26 |
|
4.16 |
“We are pleased that continued detailed
exploration at La Josefina is paying dividends,”
said Matt Hughes, Executive Vice President and COO. “We
believe we have identified one of the main feeder zones to this large,
highly prospective mineralized target area. These results represent a
major achievement in increasing La Josefina’s
total potential and exemplify the value and skill of our geological team
on the ground in Santa Cruz.”
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.
Additional information on the Sinter target area is available within the
La Josefina Project Technical Report at www.huntmountain.com.
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.
|
HuntMountain Resources Development |
|
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions
