Hunt Mining Receives Positive Metallurgical Test Results for Flagship La Josefina Gold / Silver Project
February 14 2018 - 6:01AM
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:
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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