Message #7 From:
NewsBot Date: January 16, 2007 12:11:00 PM
HNTM News HuntMountain Announces Positive Drill Intercepts at Its Dun Glen Nevada Property
SPOKANE, Wash.--(BUSINESS WIRE)--HuntMountain Resources (OTCBB: HNTM) has received the assay
results from core holes drilled on its Dun Glen Gold property in
Pershing County, Nevada during the fourth quarter of 2006. Each of the
four holes completed before the winter hiatus intersected significant
widths of strongly anomalous precious metal mineralization.
With less than one half of the planned diamond core program completed,
winter conditions forced a suspension of operations. The program,
scheduled to resume in the spring of 2007, was initially designed to
test approximately 25% of the drill targets defined during the 2006
exploration season. Completed holes were drilled from 3 separate sites
spread over 7,000 feet of strike-length along the known gold and silver
bearing system.
Significant five foot assay intervals included: 2.73 g/t gold in
DG-06C-001, 1.23 and 3.18 g/t gold in DG-06C-002, and 1.77, 1.25, 0.94,
0.98, 2.21, and 1.87 g/t gold in DG-06C-004. Gold spikes seen in
DG-06C-004 and DG-06C-002 fell within broader mineralized halos of 155
feet grading 0.34 g/t gold and 75 feet grading 0.45 g/t gold
respectively. Significant silver was also intersected in DG-06C-002 with
individual five foot assay intervals returning 20.1, 26.5, 23.5, and
24.7 grams per ton.
“We are very encouraged by the results we have
seen so far,” stated Randy Hardy, President of
HuntMountain. “It is incredible that so few,
widely spaced holes were successful in cutting potentially economic gold
grades. This suggests that we are dealing with an extensive gold system
of considerable size and strength.”
Kettle Drilling carried out the initial diamond core program, while
samples were prepared and assayed in Winnemucca and Reno by ALS Chemex.
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 more than 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.
