First La Valenciana Drilling Hits Gold and Silver in Santa Cruz, Argentina

Posted on: Mon, 09/22/2014 - 00:00 By: blittle

Liberty Lake, Washington, September 22nd 2014 – Hunt Mining Corp. (the “Corporation”) (TSX VENTURE: HMX) is pleased to announce assay results from the Corporation's 2014 drilling on the La Valenciana Project located in Santa Cruz, Argentina. This was the first drill program undertaken by the Corporation at La Valenciana and consisted of 42 holes totaling 3,000 meters, designed to partially test four separate targets: Principal, 19 holes totaling 1,315 meters; Valenciana, 6 holes totaling 438 meters; Rosario, 7 holes totaling 521 meters; and Florentina, 10 holes totaling 726 meters.

The La Valenciana Project encompasses an area of more than 30,000 hectares, about 70 percent of which remains essentially unexplored. More than 2,500 surface samples have been collected from the project, ranging from below detection and up to 40 g/t Gold and 4,600 g/t Silver.

At the Principal target, 17 of the 19 drill holes intersected mineralization of >0.1 g/t Au over true width intervals ranging from 1.25 to 25.5 meters at depths of less than 71 meters. Ten of these holes were significantly mineralized, intersecting one or more intervals containing >1.0 g/t Au over true widths ranging from 1.0 to 25.5 meters. Select assay results from the Principal target include:

Hole # LV-D14-01:

  • 25.5 meters (58.1 feet) true width of 1.1 g/t gold, including:
  • 3.4 meters true width of 3.5 g/t gold including:
  • 1.0 meters true width of 6.42 g/t gold

Hole # LV-D14-02:

  • 17.4 meters (40 feet) true width of 2.68 (grams/tonne) g/t gold, including:
  • 7.1 meters true width of 4.0 g/t gold, and
  • 3.8 meters true width of 3.8 g/t gold including:
  • 1.5 meters of 7.6 g/t gold

Hole # LV-D14-04:

  • 10.3 meters true width of 2.7 g/t gold, including:
  • 6.3 meters true width of 4.2 g/t gold, including:
  • 1.0 meters true width of 12.1 g/t gold

Hole # LV-D14-17:

  • 9.3 meters true width of 1.3 g/t gold, including:
  • 2.4 meters true width of 4.1 g/t gold

Mineralized intersections in the Principal target holes not cited above (LV-D14-01 through 19) include gold grades ranging from 0.13 to 10.12 g/t Au over true widths of 0.6 to 20.1 meters. A table with all 2014 Principal target drill results can be viewed at www.huntmining.com

At the Rosario target, 6 of the 7 drill holes intersected mineralization of >0.1 g/t Au over true width intervals ranging from 1.0 to 15.0 meters at depths of less than 44 meters. Three holes intersected significant mineralization >1.0 g/t Au over intervals ranging from 1.0 to 7.0 meters true width. Select assay results from the Rosario target include:

Hole # LV-D14-26:

  • 7.0 meters (16 feet) true width of 2.4 g/t gold including:
  • 1.0 meters true width of 10.5 g/t gold and 76.5 g/t silver

Mineralized intersections in the Rosario target holes not cited above (LV-D14 24 through 30) include gold grades ranging from 0.10 to 1.7 g/t Au and 0.5 to 101.5 g/t Ag. A table with all 2014 Rosario target drill results can be viewed at www.huntmining.com

At the Florentina target, all 10 drill holes were mineralized, intersecting one or more intervals containing >0.1 g/t Au over true width intervals ranging from 1.0 to 6.8 meters at depths of less than 77 meters. One hole (LV-D14-37) intersected mineralization >1.0 g/t Au in two separate thin intervals of 0.4 and 0.5 meters true width. Select assay results from the Florentina target include:

Hole # LV-D14-37:

  • 6.8 meters (15.5 feet) true width of 0.32 g/t gold and 93.8 g/t silver, including:
  • 1.8 meters true width of 0.6 g/t gold and 282.0 g/t silver, including:
  • 0.5 meters true width of 1.36 g/t gold and 537.0 g/t silver

Mineralized intersections in the Florentina target holes not cited above (LV-D14-

33 through 42) include gold grades ranging from 0.11 to 0.53 g/t Au. A table with all 2014 Rosario drill results can be viewed at www.huntmining.com

At the Valenciana target, 4 of the 6 drill holes intersected mineralization of >0.1 g/t Au over true width intervals ranging from 0.7 to 5.2 meters at depths of less than 72 meters. One hole intersected mineralization >1.0 g/t Au, occurring as a 0.7 meter true width intercept of 4.23 g/t Au in hole LV-D-14-20. A table with all 2014 Valenciana target drill results can be viewed at www.huntmining.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.

For more information contact:

Bob Little
Chief Financial Officer
T: (509) 290 5659
 
Dean Stuart
Investor Relations
T: (403) 517 2270

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.

FORWARD-LOOKING INFORMATION

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.