LIBERTY LAKE, Wash., Feb. 28, 2018 (GLOBE NEWSWIRE) -- 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 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.