HuntMountain Resources HNTM is pleased to announce that it has acquired the mineral exploration rights to three
property positions in the highly prospective Santa Cruz Province of
Argentina totaling approximately 74,000 acres (300 sq. km). The
properties, El Alazan, El Overo, and El Gateado, are located within
the same geological setting as the world class Cerro Vanguardia gold
mine operated by AngloGold Ashanti and Coeur d'Alene Mines' Mina
Martha silver project. The region also hosts several other
advanced-stage precious metal deposits, including San Jose, Manantial
Espejo, and La Josefina. The property positions were granted to agents
of Cerro Cazador S.A., HuntMountain Resources' Argentine exploration
company, on March 14, 2006, following approval of the filings by the
Santa Cruz Provincial Government.
The Santa Cruz properties were identified by HuntMountain
Resources' Vice President of Exploration Matt Hughes and Danilo Silva,
General Manager of South American Operations, who have over 20 years
of combined mineral exploration experience in Patagonia.
"We believe these particular property positions have excellent
potential for significant precious metal discoveries," said Matt
Hughes. "With our South American team now in place, we plan to quickly
delineate targets on each of the properties before the Argentine
winter season and look forward to drilling in the third and fourth
quarters of 2006."
HuntMountain Resources is a U.S.-based junior exploration company
engaged in acquiring, exploring and developing precious and base
metals properties throughout North and South America. Its current
holdings include the Dun Glen Gold Project in Nevada and approximately
74,000 acres of prospective precious metal properties in Santa Cruz,
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.
KEYWORD: NORTH AMERICA SOUTH AMERICA WASHINGTON ARGENTINA UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT NATURAL RESOURCES MINING/MINERALS MERGER/ACQUISITION PRODUCT/SERVICE
SOURCE: HuntMountain Resources
CONTACT INFORMATION:
HuntMountain Resources, Spokane
Steve Taylor (Investor Relations), 509-892-5287
staylor@huntmountain.com
www.huntmountain.com
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