Hunt Mining Completes First Gold Concentrate Shipments From La Josefina Gold / Silver Project
18 Octobre 2018 - 5:03PM
Hunt Mining Corp. (the “
Corporation” or
“
Hunt”)
(TSX VENTURE: “HMX” OTCQB:
“HGLD”) is pleased to update concentrate shipments from
the La Josefina Gold / Silver Project (“La Josefina Project”)
located in Santa Cruz Province, Argentina. The total contained troy
ounces of gold and silver in these shipments was 676.3 and 3592.5,
respectively. These concentrate shipments are the first shipments
from material from the La Josefina Project, specifically the Ailin
vein.
La Josefina Project, Argentina
Shipments
Shipment |
Date ofAnalysis |
Weightdmt |
Ag g/t grade&
weightedaverage |
Au g/t grade&
weightedaverage |
Silver(Troy Ounces) |
Gold(Troy Ounces) |
13 |
28-Sep-2018 |
5.109 |
9,088 |
1,453 |
1,493 |
239 |
14 |
28-Sep-2018 |
24.596 |
2,655 |
554 |
2,100 |
438 |
Summaries |
29.705 |
|
|
3,593 |
676 |
- 1 troy ounce = 31.1035 grams
- dmt = dry metric tonne
- g/t = grams per tonne
- Silver and gold grades are from independent sampling
and assaying performed by Alex Stewart International,
a global, independent, certified analytical
services company. Rounding may result in differences in contained
ounces.
The Corporation has not established the economic
viability of the operations on the La Josefina Project. As a
result, there is increased uncertainty and economic risk of failure
associated with these production activities. The Corporation is
pleased to announce that it has been involved in a Bulk Sampling
Program approved by Fomicruz, its partner in a potential joint
venture on the La Josefina mine operation, for the purpose of
advancing the pre-feasibility study of the La Josefina
Project. These Test Shipments of Au-Ag concentrate are a
byproduct of this Bulk Sampling Program, designed to evaluate
potential mining mineral processing alternatives.
Mineral resources at La Josefina total 6.5
million tonnes of measured and indicated material grading 0.74 g/t
Au and 13.13 g/t Ag, for 156,000 and 2,757,000 contained Au and Ag
ounces, respectively. In addition, inferred mineral resources
at La Josefina total 0.45 million tonnes grading 0.45 g/t Au and
1.21 g/t Ag for 6,500 Au and 17,500 Ag contained ounces. The
foregoing resources are as disclosed in the National Instrument
43-101 Technical Report dated September 29, 2010 entitled
“Technical Report Gold-Silver Resources Estimate of the La
Josephina Project” prepared for the Company and available on
SEDAR.
Donald J, Birak, an independent geologist and
Registered Member of the Society for Mining, Metallurgy and
Exploration (SME), and Qualified Person, as defined by Canadian
National Instrument 43-101, has approved the scientific and
technical and details 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. 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 Mine, located in the Santa Cruz Province,
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.
Hunt Mining (TSXV:HMX)
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