Message #4 From:
NewsBot Date: October 9, 2006 11:36:00 AM
HNTM News HuntMountain Resources Begins Drilling at Dun Glen Gold Project
SPOKANE, Wash.--(BUSINESS WIRE)--HuntMountain Resources (OTCBB:HNTM) is pleased to announce the
commencement of an 8,000-foot HQ diamond core drilling program at its
Dun Glen Gold Project in northern Nevada. The drill plan consists of
seven to ten holes, of which at least half will target high-grade gold
shows adjacent to or beneath workings of the Auld Lang Syne, Black Hole,
and Monroe mines. These historic mines lie along a 12,000-foot
mineralized structural corridor and produced between 50,000-75,000
ounces of gold during the late 19th and early 20th
centuries. The remaining holes will test conceptual targets with greater
disseminated bulk tonnage potential that were generated through detailed
mapping, geochemical sampling, and a recently-conducted magnetic
geophysical survey.
“This is an exciting day for HuntMountain’s
shareholders, management, and exploration team,”
said President Randal Hardy. “Our drilling
program at Dun Glen is an indication of the significant progress the
Company has made over the past year, and we are looking ahead to our
next phase of exploration and development. The considerable investment
of resources we have allocated to Dun Glen has provided us with a unique
understanding of the property’s complex
geology and mineralization. Our exploration has resulted in a
significant number of promising targets for the current drill program
and for future rounds of drilling.”
The season’s program is being carried out by
Kettle Drilling, with sample core being processed and assayed by ALS
Chemex in Winnemucca and Reno. The Dun Glen Gold Project consists of a
1,700-acre claim block within the Sierra Mining District, an area with
historic published production of at least 250,000 ounces of gold from
lode and placer sources. The project lies 25 miles southwest of
Winnemucca and 21 miles north of the Florida Canyon Mine.
HuntMountain Resources is a U.S.-based junior exploration
company engaged in acquiring, exploring and developing precious metal
properties throughout North and South America. The Company is currently
exploring prospective gold properties in Nevada, Québec,
and Santa Cruz Province, Argentina.
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.