New High-Grade Assays At La Josefina

SPOKANE, WA - HuntMountain Resources Ltd. reported 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.
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 company's address is 1611 N. Molter Road, Ste. 201, Liberty Lake, WA 99019, (509) 892-5287, fax: (509) 892-5318, email: [email protected].