LIBERTY LAKE, Wash., March 07, 2017 (GLOBE NEWSWIRE) -- 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.
