Hunt Mining has declared the new drilling results from the La Josefina Project located in Santa Cruz province, Argentina.
Overall, 57 assays have been obtained so far that were concluded from September 2011 to December 2011. Assay results from these holes are from the surface to a depth of 227 m.
The company is proceeding with the exploration project, which is presently focused on surface and trench channel sampling, to delineate both new and expansion drill targets in La Josefina and other important regions. Besides this reconnaissance campaign, the main camp is going through a major expansion to house more crews for the forthcoming drill campaigns.
One or more satellite camps are being constructed for crews who will be shortly working on sections of the company’s 30 outlying projects. The aim of the drilling and trenching program is to analyze the outlying regions where drill testing was not adequately done.
Among the 57 holes reported, about 30% encountered one or more assay intervals with silver greater than 30 g/t, gold greater than 0.5 g/t, and/or base metals such as zinc or lead greater than 5000 g/t.
Hole SSI-D11-444 returned 3.20 g/t gold, including 21.4 g/t gold; hole SSO-D11-371 returned 3.81 g/t gold; and hole SSO-D11-368 returned 4.63 g/t gold, including 14.8 g/t gold
Silver and gold grades returned for other new holes are not mentioned above. The other holes range from below detection limit to 124.4 g/t silver, below detection limit to 1.61 g/t gold, below detection to 35,900 g/t lead, 2 ppb to 1149 g/t copper, and 15 ppb to 39,100 g/t zinc.