HUNTMOUNTAIN RESOURCES LTD.

HUNTMOUNTAIN RESOURCES LTD.

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Company Overview
HuntMountain Resources is a junior exploration company engaged in acquisition, exploration and development of precious metal properties throughout North and South America. Incorporated in 1927, the US-based company has its corporate headquarters located in Liberty Lake, Washington.
HuntMountain Resources is actively seeking precious metal exploration properties in the gold-rich Great Basin of the Western United States and the highly prospective Patagonia region of Argentina. Both regions offer rewarding exploration opportunities and politically stable environments in which to develop profitable producing mineral projects. The company’s holdings include the Dun Glen Gold Project in Northern Nevada; 283,482 acres of prospective gold properties in Santa Cruz Province, Argentina; and 6,500 acres of claims in Quebec’s Abitibi region.
Well-financed and globally-connected, HuntMountain Resources seeks to distinguish itself from the junior exploration crowd and increase shareholder value through patience, perseverance, and prudent management of investor capital. The company is managed by a team of professionals with proven success in financing and operating successful mining companies. Capitalizing on the strength of its financial position and experienced geological team, the company intends to increase shareholder value through the development of significant and feasible precious metal deposits.
Business Summary
HuntMountain Resources Ltd. (HuntMountain) through its majority owned subsidiary Hunt Mining Corp. (Hunt Mining) is engaged in the business of acquiring, exploring and developing mineral properties, primarily those containing gold, silver and associated base metals. All the Company’s exploration activities are being pursued by its subsidiary, Hunt Mining through its wholly owned subsidiary, Cerro Cazador S.A. (CCSA). Through subsidiaries, the Company holds mining claims in Santa Cruz Province, Argentina; United States and Canada. Its properties included, Dun Glen Gold Project, Nevada United States; Abitibi Properties, Quebec, and El Milagro/El Capitan Property. The La Josefina Project includes 15 Manifestations of Discovery (Manifestacions de Descubrimiento, or MDs) totaling 52,776 hectares, which are partially covered by 399 mining claims (minas or pertenencias). The Bajo Pobre Property is located in north-central Santa Cruz province.
Description and history
HuntMountain Resources Ltd. (HuntMountain), incorporated in 1927, through its majority owned subsidiary Hunt Mining Corp. (Hunt Mining) is engaged in the business of acquiring, exploring and developing mineral properties, primarily those containing gold, silver and associated base metals. All the Company’s exploration activities are being pursued by its subsidiary, Hunt Mining through its wholly owned subsidiary, Cerro Cazador S.A. (CCSA). Through subsidiaries, the Company holds mining claims in Santa Cruz Province, Argentina; United States and Canada. Its properties included, Dun Glen Gold Project, Nevada United States; Abitibi Properties, Quebec, and El Milagro/El Capitan Property.

Santa Cruz Province, Argentina

The properties held in the Santa Cruz Province, Argentina, are operated through its majority owned subsidiary Hunt Mining through their wholly owned subsidiary, CCSA. The La Josefina property is located in north central Santa Cruz Province, about 160 kilometers NW of the coastal town of Puerto San Julian and 120 kilometers NE of the town of Gobernador Gregores. The La Josefina Project includes 15 Manifestations of Discovery (Manifestacions de Descubrimiento, or MDs) totaling 52,776 hectares, which are partially covered by 399 mining claims (minas or pertenencias).

The Bajo Pobre Property is located in north-central Santa Cruz province. As of December 31, 2009, HuntMountain had not engaged in any exploration activity on the Bajo Pobre property. El Gateado is a 10,000 hectare exploration concession filed with the Santa Cruz Provincial mining authority The El Gateado Project is located in the north-central part of Santa Cruz Province. CCSA was granted exclusive rights to explore three properties known as El Overo, El Alazan, and El Tordillo in Santa Cruz province of Argentina. It has the right to conduct exploration on these properties. On March 24, 2010, the Company announced that CCSA filed for control of 17 new mineral concessions totaling 139,000 hectares in Santa Cruz province, Argentina.

United States

On December 10, 2009, the Company entered into a Property Interest Purchase Option Agreement (Black Hawk Agreement) with Black Hawk Exploration, Inc. (Black Hawk) to transfer 75% of the Company’s interest in the Dun Glen Project. The Dun Glen Gold Project is a precious metal exploration property located in the historic Sierra district in Dun Glen Canyon on the west flank of the East Range in northern Pershing County, Nevada. The project area consists of 94 contiguous unpatented lode mining claims covering approximately 1,700 acres within the Sierra Mining District.

Canada

The Quebec properties consist of 46 provincial mining claims. The Lac a l’Eau Jaune Project is located approximately eighteen miles southwest of the Chibougamau mining camp and is comprised of 21 claims totaling 2,900 acres. The Archaean Malartic gold mines are located along the Larder Lake-Cadillac Fault zone, in the Abitibi sub-province of the Superior Province, some 20 kilometers west of Val d’Or in Quebec, Canada.

El Milagro/El Capitan Property

On February 18, 2010 the Company transferred all of its Mexican assets to the Hunt Family Limited Partnership (HFLP), a related party, along with all its stock in Black Hawk and its interest in the Dun Glen property. The El Capitan and El Milagro property package is located in the northern Mexican state of Chihuahua.

Business Line
Engaged in acquisition, exploration and development of precious metal properties
Subsidiary
CERRO CAZADOR MEXICO SA DE CV
Advisor
BEHLERMICK PS
IPO date

US SIC Code
1041
Company Address
Suite 201
1611, North Molter Road
City province or state postal code
99019, LIBERTY LAKE, WA
Phone: +1 509 892 5287
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.huntmountain.com