Liberty Lake, Washington, September 17th, 2014 – Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE: HMX) is pleased to announce drill core assay results for two separate targets drilled in the 2014 campaign on the La Josefina Project located in Santa Cruz, Argentina. Hunt conducted a shallow Diamond drilling campaign, not more than 50 meters in depth, including 12 holes totaling 651 meters in length completed on the Maria Belen target and 15 holes totaling 957 meters were drilled on the Sinter target.
The results of this latest drilling continue to confirm high-grade gold mineralization and will be instrumental in the Corporation’s ongoing resource expansion efforts and near-term development decisions.
At the Sinter target, all 15 drill holes intersected mineralization. More than half the drill holes intersected one or more intervals containing more than 1.0 g/t Au over true widths ranging from 2.0 to 6.8 meters. Select assay results from the Sinter target include:
Hole # SSI-D14-472:
- 6.8 meters (22.8 feet) true width of 4.28 (grams/tonne) g/t gold, including:
- 0.8 meters true width of 20.6 g/t gold
Hole # SSI-D14-463:
- 2.0 meters true width of 14.9 g/t gold
Hole # SSI-D14-469:
- 2.4 meters true width of 4.8 g/t gold, including:
- 1.3 meters true width of 8.38 g/t gold
Significant mineralized intercepts in those holes not cited above (SSI-D14-458 through 471) include grades ranging from 0.3 to 4.1 g/t Au. A table with all 2014 Sinter drill results can be viewed at www.huntmining.com
At the Maria Belen target, 11 of the 12 drill holes intersected mineralization. Five of these holes intersected one or two intervals containing more than 1.0 g/t Au over true widths ranging from 1.4 to 9.5 meters. Select assay results from the Maria Belen target include:
Hole # SC-D14-448:
- 4.6 meters (15.1 feet) true width of 6.1 (grams/tonne) g/t gold, including:
- 0.8 meters true width of 43.5 g/t gold
Hole # SC-D14-450:
- 3.8 meters true width of 4.3 g/t gold, including:
- 1.4 meters true width of 11.5 g/t gold
Hole # SC-D14-447:
- 1.6 meters true width of 5.4 g/t gold
Hole # SC-D14-453:
- 1.6 meters true width of 7.7 g/t gold, including:
- 1.0 meters true width of 11.6 g/t gold
Mineralization intersected in those holes not cited above (SC-D14-446 through 457) includes gold grades ranging from 0.2 to 4.2 g/t Au. A table with all 2014 Maria Belen drill results can be viewed at www.huntmining.com
- True widths reported above are estimated at 100% of intercept widths based on surface sampling, flat lying stratigraphic control of mineralization, vertical orientation of drill holes, and cross-section comparisons.
- All drilling has been conducted in accordance with standard industry practices.
- All samples were 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
NI 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 62,000 meters of HQ core drilling, 420 line kilometers of Induced Polarization geophysical surveys and more than 25,000 surface channel, chip, trench and sediment samples. The Corporation is continuing to expand resources on its property position in Santa Cruz Argentina. Historical results and additional information can be viewed at www.huntmining.com.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This announcement contains forward-looking information and forward-looking Statements (collectively, “forward-looking information”) within the meaning applicable securities laws, relating, but not limited to the Corporation’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 with respect to the drilling program on the Corporation’s La Josefina and La Valenciana Projects and the interpretation of exploration results received to date. 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 factors. 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 the Corporation’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. The Corporation 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.