LIBERTY LAKE, Wash., Feb. 14, 2018 (GLOBE NEWSWIRE) — Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE:HMX) (OTC:HMXZF) is pleased to announce the receipt of metallurgical test results on material from the Ailin vein located on the La Josefina Gold / Silver Project. The La Josefina Project is located approximately 110 km north of the Corporation’s 100% owned Martha mine and mill (“Martha Project”) which has been in operation since early 2017 producing high grade silver and gold concentrate. Ailin ore is planned to be treated in the Martha mill in the future.
Hunt commissioned testing on high, medium, and low-grade material from the Ailin vein to evaluate the flotation response to procedures planned to be implemented in the Martha mill. Vein material stemmed from surface trenches, drillholes and grab samples. They were visually separated into the three grade categories and analyzed at the testing facilities. No additional external QAQC procedures were applied. Testing was conducted at the GEOMET Spa. laboratory in Santiago, Chile under the supervision of Hunt’s Martha mill manager, and at the Resource Development Inc. (“RDI”) facilities in Denver, Colorado. Both GEOMET Spa. And RDI are arm’s length to Hunt Mining.
Results from these tests are as follows:
|Grade and Laboratory||Calc. Head Grade||Recovery %||Concentrate Grade|
|Au g/t||Ag g/t||Au||Ag||Au g/t||Ag g/t|
|High grade RDI||67.9||32.4||84.5||58.9||1,569||522|
|Medium grade RDI||45.2||23.3||81.8||51.7||802||263|
|Low grade GEOMET||19.1||43.4||82.1||25.5||316||223|
Hunt is extremely pleased with the test results from RDI and GEOMET and will be proceeding with an in-plant bulk test at its Martha mill in the first half of 2018. Upon completion of the in-plant bulk test, a determination will be made on the future processing of material from the Ailin vein.
Ongoing production at the Martha Project is being undertaken without established mineral resources or reserves and the Corporation has not established the economic viability of the operations on the Martha Project. As a result, there is increased uncertainty and economic risks of failure associated with these production activities. However, a NI 43-101 compliant technical report from 2010 exists for the La Josefina project with Measured, Indicated and Inferred resources. The Ailin vein is part of this resource estimate.
Klaus Triebel, Hunt Mining’s director of project development, is the qualified person under National Instrument 43-101 who has approved the technical and scientific aspects of this press release.
Additional information on the Martha Project and other Santa Cruz, Argentina projects can be viewed on the Company website at: www.huntmining.com.
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and aggressive explorer in Santa Cruz since 2006, entering into production of silver and gold at the Mina Martha property in January 2017. Since 2006, 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:
T: (403) 617-7609
Chief Administration Officer
T: (509) 290-5659
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