Hunt Mining Delivers First Shipment of Concentrate from Martha Mine

Posted on: Tue, 03/07/2017 - 07:41 By: blittle

Liberty Lake, Washington, USA March 07, 2017 - Hunt Mining Corp. ("Hunt" or the "Corporation") (TSXV: “HMX”) is pleased to announce the first shipment of concentrate from production activities at the Martha Mine Project (“Martha Project”). Hunt entered into an offtake agreement (“Agreement”) with Ocean Partners USA Inc. (“Ocean Partners”) on December 16, 2016 for the delivery of Gold-Silver concentrate (“Concentrate”) from the Martha Project located in Santa Cruz Province, Argentina.  Under the terms of this Agreement, Hunt will deliver Concentrate with a gold range of 30 to 70 grams per dry metric tonne (“dmt”) and a silver range of 30,000 to 100,000 grams per dmt to a loading port at Ocean Partner’s option for shipment to smelter customers overseas. Concentrate will be shipped in 1 tonne bags in standard or heavy duty 20 foot containers for ocean freight transport. Hunt is continuing its mining activities and will provide additional updates as product is shipped from the Martha Project.

The first shipment of Concentrate consists of 20 bags as follows:

Bag #

Weight (kg)

Ag g/t

Au g/t

CCSA-001

883

67,460

52.10

CCSA-002

862

59,992

52.20

CCSA-003

876

51,645

42.80

CCSA-004

883

51,282

39.10

CCSA-005

857

45,194

46.10

CCSA-006

923

40,763

46.95

CCSA-007

871

46,950

41.50

CCSA-008

869

47,429

40.00

CCSA-009

893

48,867

41.60

CCSA-0010

858

49,957

40.30

CCSA-0011

891

43,874

39.90

CCSA-0012

892

45,986

39.20

CCSA-0013

895

47,429

38.70

CCSA-0014

878

46,180

31.10

CCSA-0015

866

60,767

62.20

CCSA-0016

883

58,682

53.30

CCSA-0017

856

49,754

60.10

CCSA-0018

896

77,727

55.00

CCSA-0019

921

104,096

103.50

CCSA-0020

861

69,496

72.10

Total Tonnage

17,612

 

 

Weighted Average

 

55,687

47.90

Notes:

  • Assays were analyzed in Martha's on-site laboratory

  • Official assays pending from Alex Stewart Laboratories in Mendoza Argentina

  • No independent QAQC samples were inserted into the sample stream

Klaus Triebel, Hunt Mining's Director of Project Development, is the Qualified Person under NI 43-101 who has approved the technical and scientific aspects of this press release.

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 property, which includes the Martha Project, also located in the Santa Cruz Province of Argentina.

For more information contact:

Dean Stuart
Investor Relations
T: (403) 617-7609
E: dean@boardmarker.net

Bob Little
Chief Administration Officer
T: (509) 290-5659
E: blittle@huntmining.com

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.