March 25, 2010 08:06 ET
Hunt Mining Doubles the Size of its Precious Metal Land Holdings in Santa Cruz, Argentina
LIBERTY LAKE, WA--(Marketwire - March 25, 2010) - Hunt Mining Corp. (the
"Corporation") (TSX VENTURE: HMX), is pleased to announce that it has filed
with
the Provincial Mining Authority for control of 17 new mineral
concessions
encompassing 139,000 hectares in the Santa Cruz province of Argentina.
These new
gold and silver prospects will be 100% owned by the Corporation,
through its
Argentine subsidiary Cerro Cazador S.A. ("CCSA"). With these
additions, the
Corporation will control a total of approximately 275,000 hectares,
making it
the second largest public company landholder in the highly
prospective and
emerging Deseado Massif precious metal region in Santa Cruz province.
The Corporation selected acquisitions based on known precious metal
showings,
established mineralized trends, and favorable structure, geology and
alteration
as indicated by satellite imagery interpretation. Currently the
Corporation is
actively engaged in exploration at its flagship project, La
Josefina, in
addition to the Bajo Pobre, El Gateado and other projects. Work now
underway
includes the following:
-- Calculation of NI 43-101 compliant resources at the La
Josefina
project for five mineralized shoots which were intercepted by previous
drilling
and remain open to expansion
-- Upgrading access and drill pads for resource expansion drilling
on the
La Josefina project scheduled for the second quarter of 2010
-- Collection of surface channel samples on new exploration
targets
slated for drilling on the La Josefina project in the third quarter of 2010
-- Retainment of UAKO Consultora Geologica ("UAKO") to provide
ongoing
Quality Assurance and Control of Analysis Results Program for the
Corporation
as the company nears a production decision and initiates project
feasibility for
the La Josefina project, expected later in 2010
-- Preparation of NI 43-101 technical reports for the Bajo Pobre
and El
Gateado projects
-- Metallurgical testing for several shallow gold shoots
identified
during the Corporation's 37,000 meter drilling program completed in 2009
President Matthew Hughes stated "We are extremely pleased to be adding
such a
significant number of highly prospective mineral concessions to our
already
impressive land package in Santa Cruz. While we continue to build
resources and
develop La Josefina towards production, the new acquisitions will
allow for
greater flexibility in exploration and subsequent development of
multiple
prospects far into the future. With our senior technical staff having more
than
30 years combined experience in Santa Cruz exploration, and an excellent
track
record of identifying, and developing projects in the region, we are
confident
our success will continue to grow. When you combine these facts with the
strong
relationships that we have developed in local communities and the
provincial
government over many years, it further confirms our rising leadership
role in
the region."
About Hunt Mining Corp.
Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz
since
2006 during which time the Corporations subsidiary, Cerro Cazador S.A.
(CCSA)
has completed more than 37,000 meters of HQ core drilling, 416 line
kilometers
of IP geophysical surveys and has taken more than 10,000 surface channel,
chip,
and trench samples. Historical results and additional information can be
viewed
at www.huntmining.com
For further information please contact
Dean Stuart
T: (403) 517 2270
E: dean@boardmarker.net
Bryn Harman, CFA
Chief Financial Officer
T: (509) 892-5287
E: bharman@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.
[HUG#1397441]