LIBERTY LAKE, Wash., Oct. 12, 2016 (GLOBE NEWSWIRE) -- Hunt Mining Corp. ("Hunt" or the "Company") (TSXV:HMX) is pleased to provide a corporate update of progress at the Mina Martha Project (“Martha Project”), 100% owned by Hunt.
Since announcing the closing on the Martha mine purchase from Coeur Argentina SRL in mid-May of this year, Hunt has been active in the reconditioning and repair of the 240 tonne per day mill, stacking and crushing circuit, compressors, generators and other equipment included with the Martha Project acquisition.
An experienced team of local Santa Cruz Province contractors, familiar with the Martha Project, has been thoroughly cleaning equipment and performing repairs as needed since arriving on-site in early June.
The camp has been restored to accommodate the crew for near-term production with the reconditioning of electrical, water, sewage and heating systems for the camp buildings. Hunt is pleased to be finding qualified local individuals to fill the Company’s personnel requirements; many of whom worked at the Martha Project previously.
An evaluation of the underground openings has been conducted in all accessible areas and found the mine to be in excellent condition. Mined out areas are being reconciled with model wireframes and remaining potential resources are being identified.
By early November, it is anticipated the Martha Project flotation mill will be operational, ready to operate under a partial schedule while training of new personnel gets underway. The Company will have invested over US $2 million dollars by year end on the recommissioning.
Tim Hunt, Executive Chairman and CEO stated, “We continue to remain on target to commence production at the Martha Project by year end 2016. Our commitment to the Martha Project and portfolio of precious metals projects in the Santa Cruz Province is receiving positive reception in Argentina, and we look forward to providing employment opportunities for local citizens as development and production is underway. I would like to personally thank all parties that have been instrumental in our initial success, and look forward to working with our team in the future.”
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 property, which includes the Martha Project, also located in the Santa Cruz Province of Argentina.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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
