Hunt Mining Positive Adjustment to Silver Production in 2017
February 28 2018 - 12:32PM
Hunt Mining Corp. (the “
Corporation” or
“
Hunt”) (TSX VENTURE:HMX) (OTC:HMXZF) is pleased
to announce the first six concentrate shipments from production at
the Martha Project have been finalized, and produced an additional
20,049 silver and 31 additional ounces of gold back from the
smelter. In addition to the improved ounces of silver and
gold, the timing of when the Corporation sold the ounces factored
significantly and added for total increase US $634,076.
This positive revision will result in added
revenue being recognized in Quarter 1 2018. With the ongoing
production at the Martha Project and continuing concentrate
deliveries facilitated through Ocean Partners USA Inc., Hunt may
experience an increase or decrease in the amount of silver and / or
gold ounces received by the smelter moving forward.
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.
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
Corporation 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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