Initial Results from La Josefina Drilling Confirm Additional High Grade Gold
Liberty Lake, Washington, March 3rd, 2011 – 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.
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