Hunt Mining Corp.

Hunt Mining Corp.

February 23, 2010 09:00 ET

Hunt Mining Initiates Metallurgical Studies in Santa Cruz Argentina

LIBERTY LAKE, WASHINGTON--(Marketwire - Feb. 23, 2010) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), has initiated metallurgical testing for several shallow gold-shoots identified during the company's 37,000 plus meter drilling campaign completed in 2009 on the La Josefina Gold Silver property located in Santa Cruz Province, Argentina. Initial testing will include bottle roll tests, small column percolation leach tests and gravity circuit recovery tests. The results are expected to provide a preliminary evaluation of the amenability to heap-leaching of gold mineralization found on, and near surface in oxidized environments. The results will also be incorporated into a scoping level study, which is now partially completed, and will lead to a production decision expected before the end of 2010.

Of the five mineralized shoots identified thus far from drilling, three are scheduled for testing. These include the Sinter zone, a portion of the Amanda-Cecilia vein system, and a portion of the Ailin vein system. All five shoots remain open to expansion.

The Sinter Zone is an area exhibiting flat-lying volcanic stratigraphy partial capped by laminated, siliceous rocks related to Jurassic age hydrothermal or "hot spring" activity. This setting is exposed at the surface over an area of at least 2.5 km by 300 meters. Gold mineralization occurs disseminated within the silica caps and the volcanic unit below. The area is also cut by several breccias pipes exhibiting bonanza grade gold. The zone represents a potential open pit, heap leachable target. The target has been only partially tested and remains open, both laterally and at depth. Forty-four HQ core holes totaling 3,885 meters have been completed to date within the Sinter Zone.

The Ailin, Amanda and Cecilia vein systems represent a different style of mineralization where gold is hosted from surface within and adjacent to fissure veins, breccias and stockworks. The upper portions of these shoots are highly oxidized and could potentially be mined using an open "slot-cut" technique.

Selected results from exploration activities completed in all three target areas slated for metallurgical work include the following:

  15.3 m @ 20.8 g/t gold 3.0 m @ 176.9 g/t gold
  15.0 m @ 4.8 g/t gold 7.0 m @ 114.9 g/t gold
  2.0 m @ 18.5 g/t gold 19.8 m @ 5.0 g/t gold
  6.6 m @ 4.9 g/t gold 1.5 m @ 33.1 g/t gold
  1.4 m @ 252.0 g/t gold 1.2 m @ 14.3 g/t gold
  2.8 m @ 30.1 g/t gold 2.5 m @ 40.8 g/t gold

Complete results from historical drill campaigns at La Josefina can be viewed on the web site at:

The Corporation will use SGS Mineral Services, in Pudahuel Santiago Chile for scheduled metallurgical testing.

James Ebisch is considered a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has supervised the preparation of the technical information contained in this news release.

About Hunt Mining Corp.

Hunt Mining Corp. is a mineral exploration and development company carrying on exploration operations and owning properties in Argentina through its wholly owned subsidiary Cerro Cazador S.A. ("CCSA"). CCSA holds interests in six mineral exploration properties, La Josefina, Bajo Pobre, El Gateado, El Overo, El Alazan and El Tordillo, all located in Santa Cruz province, Argentina. Additional information can be viewed at

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.

Contact Information