Liberty Lake, Washington, June 7, 2016 – Hunt Mining Corp. (“Hunt” or the “Corporation”) (TSXV: “HMX”) is pleased to announce additional details on the hard assets included in the recent acquisition of the Martha Mine, as reported on May 12, 2016. The Martha Mine is located in the Santa Cruz province, Argentina, and is 50 kilometres northeast of the town of Gobernador Gregores, Argentina. The Martha mine has year-round access, contains a flotation mill, equipment and buildings, and commenced silver production in 2008. Additional information including photos of the Martha Mine are available on the Corporation's website.
The Martha Mine contains a 240 tonne per day (“TPD”) flotation plant which includes a crushing circuit. The Martha Mine has additional milling capacity for up to 480 TPD, and contains additional equipment as detailed below:
- Assay lab capable of both chemical and fire assaying and metallurgical flotation mill testing and simulation;
- Furnished 60-man camp with cooking and sanitary installations;
- Equipped administration offices, and first aid facilities;
- Underground mining equipment including a Tamrock single boom jumbo drill, a
- Three Sullair generators – 1 MW power plant, one CAT 650 kva for the mine and several smaller units for camp and offices;
- Pumps, fans, extinguishers, mining lamps and geological equipment;
- Five air compressors (two portable Sullair and three stationary Ingersoll Rand);
- Simpson Buggy Explorer Truck, Simpson Explorer Drill Truck, Normet utility scissor truck, two CAT 924 frontend loaders and a Clark forklift;
- Ford water truck, a New Holland backhoe loader, a Scania tractor with lowboy and 50 ton flatbed trailer and Kamaz dump truck;
- Ford truck with mounted hydraulic lift and a John Deere Gator six wheeler;
- Two Mercedes 20-man buses and three Toyota pickup trucks; and
- Stocked warehouse with mechanical parts and supplies.
President and CEO Tim Hunt states; “The mining equipment acquired with the Martha Mine will be well utilized as we move from exploration to production in the coming months. Hunt Mining crews are focused on cleaning and re-furbishing the Martha Mine in anticipation of production in late 2016.”
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and aggressive explorer in Santa Cruz since 2006. During that time, Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed exploration activity including 62,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 20,000 surface soil, sediment, channel, chip, and trench samples, beyond the historical work previous to the same properties. Hunt also owns a 100% interest in the Martha Mine, located in the Santa Cruz Province, Argentina.
Additional information on the Martha Mine and other Santa Cruz, Argentina projects can be viewed on the Corporation’s website at: www.huntmining.com.
For more information contact:
T: (403) 617-7609
Chief Financial Officer
T: (509) 290 5659
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 news release contains forward-looking statements. The Corporation has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.