Initial Results from La Josefina Drilling Confirm Additional High Grade
Gold
Hunt Mining
Corp. (the Corporation ) (TSX
VENTURE: HMX) is pleased to announce results for the first six holes of the
ongoing diamond drilling program at the La Josefina Project in Santa Cruz
province, Argentina.
Drilling was
initiated at Veta Ailin located
in the Central
Zone of La Josefina (not currently
represented in the NI 43-101 resource estimations). However, along a 500 meter
strike length at Veta Ailin,
several historic drill holes confirmed the presence of high-grade gold, silver,
and base-metal mineralization. Five of the first six holes cut significant
precious and/or base metal mineralization (table 1).
The best
interval was from hole SC-D11-248, which contained a
true mineralized width of 5.7 meters grading 26.19
g/t (grams/ton) gold and 41.59 g/t silver, including:
0.81
meters of 132.34 g/t gold and 112.20 g/t silver.
0.36
meters of 66.41 g/t gold and 245.00 g/t silver.
Hole
SC-D11-244 included a true mineralized width of 2.14
meters grading 7.62 g/t gold, 33.04 g/t silver and 3.4% lead, including:
0.43
meters of 26.41 g/t gold, 102.60 g/t silver and 5.2% lead and
0.38
meters of 9.91 g/t gold, 40.40 g/t silver and 8.1% lead.
The current drill campaign is planned to
include 12,000 meters of HQ and NQ diamond core drilling on the Corporation s La Josefina and El Gateado
projects. The drilling program has been designed to increase the current
resource base at La Josefina by offsetting historic drill holes that were
excluded from the current NI43-101 resource and drilling step out holes on the
five identified ore shoots that remain open to expansion. In addition,
the Corporation will drill test portions of the more than 15 kilometers of
exposed mineralized structures that remain undrilled. At El Gateado,
the drilling is designed to offset and expand mineralization identified during
a 2006 drilling campaign where hole GAT-DDH-001 intersected 11.3 meters
(estimated to be true width) of 3.65 g/t gold.
The Corporations management is very pleased
with the initial drill results on Veta Ailin and believes that they will significantly assist the
expansion and improvement of the current resource base at La Josefina
Mel Klohn, Senior
Technical Advisor for the Corporation is the Qualified Person under National
Instrument 43-101 who has approved the technical content of this new release.
About Hunt Mining
Hunt Mining Corp. has been an active and
aggressive explorer in Santa Cruz since 2006. Since that time, the Corporation s wholly owned subsidiary, Cerro Cazador S.A. ( CCSA ), has
completed a large amount of exploration activity including more than 39,000 meters
of HQ core drilling, 416 line kilometers of Induced Polarization geophysical
surveys and more than 12,000 surface channel, chip, and trench samples. The
company is currently engaged in a resource expansion drilling campaign at the
flag-ship La Josefina project. Historical results and additional information
can be viewed at www.huntmining.com.
Dean Stuart
Investor
Relations
T :
(403) 517 2270
E:
dstuart@huntmining.com
Matthew J. Hughes
President and CEO
T: (509) 892-5287
E : mhughes@huntmining.com