Hunt Mining Corp. Drilling Intersects Precious Metal Mineralization Near Surface at La Josefina, Santa Cruz, Argentina

Posted on: Wed, 10/19/2011 - 00:00 By: blittle

LIBERTY LAKE, WASHINGTON - (Marketwire - Oct. 19, 2011) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) is pleased to announce the latest drill results from the Sinter zone located on the La Josefina Project in Santa Cruz province, Argentina. A total of 6 holes were completed in the Sinter area, with all results coming from surface to maximum depth of 62.5 meters. The Sinter zone exhibits fossil hot spring deposit characteristics with both near-surface disseminated gold, as well as underlying structurally controlled mineralization.

A total of 16 holes have been drilled at this target, with previous Sinter results having been released on May 5th, 2011 which included Hole SSI-D11-287 assaying 19.47 meters (63.88 feet) of 18.83 g/t gold. Of the most recently reported assay results, Hole SSI-D11- lies 50 meters east-southeast of hole SSI-D11-287.

Management intends to continue exploration at the Sinter zone as part of the enhanced exploration schedule commencing immediately.

Highlights from the 6 Sinter drill holes include:

Hole SSI-D11-341:

  • From surface; 7 meters true width (23 feet) of 5.35 g/t gold, including
    • 1 meter, true width, (3.3 feet) of 15.6 g/t gold
    • 1.2 meters, true width, (3.9 feet) of 15.7 g/t gold

Hole SSI-D11-342:

  • At 4 meters depth; 1.3 meters, true width, (4.3 feet) of 6.36 g/t gold,

Hole SSI-D11-343:

  • At 2.5 meter depth; 4.5 meters, true width, (14.8 feet) of 9.5 g/t gold, including
    • 0.60 meters, true width, (2 feet) of 18.4 g/t gold
    • 0.50 meters, true width, (1.6 feet) of 34.36 g/t gold
  • At 16 meters depth; 2 meters true width (6.6 feet) of 6.89 g/t gold
  • At 23 meters depth; 2 meters true width (6.6 feet) of 7.92 g/t gold

Gold and silver grades returned for other recent Sinter holes not cited above (SSN-D11-344, 345, and 346) range from below detection limit (< 0.01 g/t Au) to 0.44 g/t gold.

A table with all 2011 drill results can be viewed at www.huntmining.com.

Notes:

  • True widths reported above are considered to be the same as the drill hole intercept widths based on vertical orientation of drill holes, flat lying stratigraphic control of mineralization, surface mapping, and construction of cross-sections.
  • All drilling has been conducted in accordance with standard industry practices.
  • All samples are being prepared and assayed by Alex Stewart Laboratories in Mendoza Argentina.
  • An analysis of the Corporation's QA/QC practices are reviewed in detail in the Corporation's current Technical Report in respect of the La Josefina Project, which is available at www.sedar.com

Mel Klohn, Senior Technical Advisor for the Corporation is the Qualified Person under National Instrument 43-101 who has approved the technical content of this new release.

About Hunt Mining

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006. Since that time, the Corporation's wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of exploration activity including approximately 53,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 15,000 surface channel, chip, and trench samples. The Corporation is currently engaged in a resource expansion drilling campaign at the flag-ship La Josefina Project. Historical results and additional information can be viewed at www.huntmining.com.

Contact Information:

Hunt Mining Corp.
Dean Stuart
Investor Relations
T: (403) 517 2270
Hunt Mining Corp.
Viresh Varma
Corporate Development
T: (647) 588 0460
Hunt Mining Corp.
Matthew J. Hughes
President and CEO
T: (509) 892-5287

FORWARD-LOOKING INFORMATION

This announcement contains forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws, relating, but not limited to Hunt's expectations, intentions, plans and beliefs. Forward-looking information can often be identified by the use of words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes or other expectations including the economic and production potential of its exploration projects, the completion of a final feasibility study, the exercise by Fomicruz to purchase additional interest in the new corporation, the exercise by Hunt to purchase any or all of Fomicruz's interest in the new corporation, . Such forward looking-information is based on assumptions and current expectations that involve a number of known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, failure to establish estimated resources, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, uncertainties relating to the interpretation of the geology, continuity, grade and size estimates of mineral resources and unanticipated operational or technical difficulties and other risks and uncertainties set out in Hunt's annual and quarterly management discussion and analysis which are available at www.sedar.com. Such forward-looking information is based on a number of assumptions, including but not limited to, the availability of financing, no significant decline in existing general business and economic conditions, the level and volatility of the price of gold, the accuracy of Hunt's resource estimates and of the geological, metallurgical, price and other assumptions on which the estimates are based. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking information and accordingly, readers are cautioned not to place undue reliance on this forward-looking information. Readers are further cautioned that the forgoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. Hunt does not assume the obligation to revise or update this forward-looking information after the date of this announcement or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.