Hunt Mining Announces Blast Hole Drilling Results at Martha Project
LIBERTY LAKE, Wash., Jan. 24, 2018 (GLOBE NEWSWIRE) --
Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE:HMX) (OTC:HMXZF) is pleased to announce drill results from drilling activities at the Martha mine located in the Santa Cruz Province, Argentina. Hunt continues to investigate the mining of pillars at the Martha mine, which was brought into production in January 2017.
Hunt recently completed surface blasthole drilling, designed to blast portions of the mineralized hanging wall and footwall into the existing open stope. A total of 19 holes were drilled, with highlighted results above 400 g/t (not pertaining to internal dilution) as follows:
2018 Blasthole Drilling Highlights
| HOLE NO | FROM | TO | SAMPLE NO | AG G/T | ||
| 520N-001 | 10 | 12 | 111722 | 436.6 | ||
| 520N-001 | 12 | 14 | 111723 | 1194.8 | ||
| 520N-001 | 14 | 16 | 111724 | 323.7 | ||
| 520N-001 | 16 | 18 | 111725 | 1384.5 | ||
| 520N-001 | 18 | 20 | 111726 | 680.2 | Breakthrough into stope at 22m | |
| 520N-002 | 8 | 10 | 111732 | 809.7 | ||
| 520N-002 | 10 | 12 | 111733 | 2582.0 | ||
| 520N-002 | 12 | 14 | 111734 | 408.1 | ||
| 520N-002 | 14 | 16 | 111735 | 205.7 | ||
| 520N-002 | 16 | 18 | 111736 | 1917.2 | ||
| 520N-002 | 18 | 20 | 111737 | 1531.8 | Breakthrough into stope at 21m | |
| 520N-120 | 14 | 16 | 111871 | 2500.5 | ||
| 520N-120 | 16 | 18 | 111872 | 10889.9 | ||
| 520N-120 | 18 | 20 | 111873 | 7465.3 | ||
| 520N-120 | 20 | 22.2 | 111874 | 15984.7 | Breakthrough into stope at 22.2m | |
| 520S-004 | 26 | 27 | 111906 | 6545.0 | ||
| 520S-004 | 27 | 28 | 111907 | 26412.0 | No breakthrough into open stope | |
| 520S-005 | 30 | 31 | 111890 | 5115.8 | ||
| 520S-005 | 31 | 32 | 111891 | 7040.1 | No breakthrough into open stope |
Notes
- Ag figures are in grams per ton (g/t)
- Assays were analyzed in Martha's on-site laboratory
- No independent QA/QC samples were inserted into the sample stream
- Drillholes were not downhole surveyed
- True widths of the drill hole intersections cannot be determined with the information available
The holes drilled from the north (N) are semi-parallel to the vein while the ones drilled from the south (S) are semi-perpendicular to the vein. Aside from testing the hanging wall mineralization in the south holes, an attempt was made to also penetrate a remaining pillar of the vein material between hanging and footwall. North holes were sampled every 2m while south holes were sampled every meter.
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 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 metres 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 Relations
T: (403) 617-7609
E: dean@boardmarker.net
Bob Little
Chief Administration Officer
T: (509) 290-5659
E: 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.