High-Grade Assays from La Josefina

SPOKANE, WA - HuntMountain Resources Ltd. reported additional high-grade assays from its 25,000-meter diamond core drilling program at the La Josefina gold-silver project in Santa Cruz Province, Argentina.  The latest results included 2.0 meters (6.6 feet) of 13.94 grams/tonne (g/t) (0.41 ounces/ton)(oz/t) gold equivalent consisting of 13.46 g/t (0.39 oz/t) gold and 31.8 g/t (0.93 oz/t) silver and 0.77% copper in Hole# SVN-D08-089. The exploration program, now in its twelfth month, has focused on drill-testing targets previously identified by Fomicruz S.E. along a 10-kilometer long hydrothermal alteration belt that hosts multiple precious metal occurrences.  The Company has aggressively drilled in three of four known mineralized zones - Veta Norte, Noreste (Sinter), and Central.
"Progress continues at La Josefina, and we are pleased with the consistency of high-grade results from the Veta Norte zone," said Matt Hughes, Executive Vice President and COO.  "Step out and infill drilling of the Veta Amanda-Veta Sur vein system will continue over the next several months with the subsequent results supplementing our resource calculation efforts this fall.  The system remains open at depth and along strike to the south, and every hole we drill has the potential of increasing a gold and silver resource."
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.
The company's address is 1611 N. Molter Road, Ste. 201, Liberty Lake, WA 99019, (509) 892-5287, fax: (509) 892-5318, email: [email protected].