Hunt Mining Clarifies Technical Disclosure
December 01 2017 - 03:01PM
Hunt Mining Corp. ("
Hunt Mining", or the
"
Company") (TSXV:HMX) announces that as a result
of review by the British Columbia Securities Commission the Company
is issuing the following news release to clarify certain disclosure
made in its management discussion and analysis for the three-month
period ended March 31, 2017, as filed on SEDAR on May 30, 2017 (the
"
MD&A") which disclosure was not compliant
with National Instrument 43-101 ("
NI
43-101"). The disclosure was made in regard to the
results of a blast hole drilling program on the Company’s Martha
project (the "
Martha Project", or the
"
Project").
The Company’s March 31, 2017 MD&A referred
to the results from a drill program and included a mineral resource
estimate from the drill program, together with additional
disclosure regarding the Company’s plans to extract the material,
and a figure of the area (the
"Disclosure"). Under NI 43-101 such
disclosure constituted a mineral resource estimate and triggered
the requirement to file a technical report under NI 43-101.
The Company does not have a current NI 43-101 report to
support the Disclosure and therefore all of the Disclosure was made
in contravention of NI 43-101 and is hereby retracted. The
Company advises readers not to rely on such Disclosure as it may
continue to be found in the public domain.
At this time, the Company has not conducted
sufficient exploration to support disclosure of any mineral
resources or reserves, nor has it completed appropriate mining
studies to support disclosure of mineral resources or reserves on
the Martha Project. Accordingly, the Company does not currently
have any mineral resources or reserves and there can be no
guarantee that the Company will have mineral resources or reserves
in the future. Ongoing production at the Martha Project is being
undertaken without established mineral resources or reserves and
the Company 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.
The Company is preparing an updated NI 43-101
Technical Report on the Martha Project which it anticipates will be
finalized in early 2018.
The technical information contained in this news
release has been reviewed and approved by Klaus Triebel, Hunt
Mining's Director of Project Development and a Qualified Person as
defined under NI 43-101.
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:
Dean Stuart Investor RelationsT: (403)
617-7609E: dean@boardmarker.net
Bob Little Chief Administration OfficerT: (509)
290-5659E: 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.
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