LIBERTY LAKE, Wash., July 20, 2017 (GLOBE NEWSWIRE) -- Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE:HMX) is pleased to announce first half 2017 production of 257,333 troy ounces of silver and 285.61 troy ounces of gold, or 277,897 silver equivalent troy ounces using a 72 to 1 gold to silver ratio from the Martha Mine Project (“Martha Project”) located in Santa Cruz Province, Argentina. Gross revenue generated through the sale of the silver and gold is US $4,851,569.
First Half 2017 Production Highlights
| Period | Gold (Troy Ounces) | Silver (Troy Ounces) | Gross Revenue |
|||
| Second Quarter 2017 Total | 258.97 | 226,413 | $4,281,545 | |||
| First Quarter 2017 Total | 26.64 | 30,920 | $570,023 | |||
| First Half 2017 Total | 285.61 | 257,333 | $4,851,569 |
Troy Ounces consisting of 31.1035 grams
Gross Revenue is in US dollars
Troy ounces are based on independent assays taken at the port by Alex Stewart
Highlights
- Initiated production at the Martha Project on January 17, 2017.
- Extended Off-Take Agreement with Ocean Partners USA Inc. for delivery of concentrate from Martha Project.
- Initiated shallow drilling using blasthole rig at Martha Project.
The seven (7) mining concessions gained in the Martha Project acquisition are being expanded with the combination of surface channel sampling and shallow exploration drilling in locations not known to have been explored by previous owners.
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.
