August 31, 2006
Press Release 06-10
HuntMountain Resources Signs Contract for Dun Glen Drill Program
(SPOKANE, Wash.) HuntMountain Resources (OTCBB:HNTM) has signed a contract with Kettle Drilling, Inc. to conduct an 8,000-foot HQ diamond core drilling program at its Dun Glen Gold Project in northern Nevada. The program, tentatively scheduled to start in late September, will focus on the continuation of high-grade gold occurrences below the historic Auld Lang Syne, Monroe, and Black Hole mine workings located within the Dun Glen claim block. The Company’s ongoing exploration activities have also generated numerous additional targets exhibiting strong surface geochemical anomalies and favorable lithologic and structural features.
This field season, HuntMountain has collected 235 outcrop samples yielding values up to 11 g/t gold and 528 g/t silver, 461 soil grid samples up to 1 g/t gold and 11.6 g/t silver, and 285 trench samples taken from historic mine dumps up to 163 g/t gold and 97 g/t silver. The sampling took place along and adjacent to a mineralized structural corridor greater than 12,000 feet in length.
The Company recently completed a 216-line kilometer ground magnetic survey to further define the distribution of structurally controlled mineralization at Dun Glen. According to the interpretation provided by noted Nevada geophysicist Robert Ellis, the survey displayed extensive evidence of magnetic north-south dike swarms that are likely associated with a dilatant structural fabric parallel to but west of the Northern Nevada Rift. This prominent feature trends north-northwest 500 kilometers from east-central Nevada to the Oregon border and hosts numerous world class precious metal deposits.
“We are very pleased with the results of our field activities at Dun Glen, and we’re looking forward to the commencement of our initial drill program,” said Matt Hughes, Vice President of Exploration. “The data obtained from the sampling program and geophysical survey has greatly contributed to our understanding of the property’s structural characteristics and its potential of hosting an economic precious metal deposit.”
HuntMountain Resource’s Dun Glen Gold Project in northern Nevada 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. Nevada is the world’s third largest gold-producing region and the top-rated jurisdiction in the world to mine.
In other news, HuntMountain Resources will have an exhibition booth at the Las Vegas Hard Assets Investment Conference being held at the Mandalay Bay Resort September 6-7. Additional conference information may be obtained by visiting www.iiconf.com.
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. The Company is currently exploring prospective gold properties in Nevada, Quebec, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Steve Taylor, Director of Investor Relations
HuntMountain Resources
(509) 892-5287
staylor@huntmountain.com
www.huntmountain.com
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