LIBERTY LAKE, WASHINGTON--(Marketwired - Feb. 11, 2014) - Hunt Mining Corp. ("Hunt" or the "Corporation") (TSX VENTURE:HMX) is pleased to provide an update on exploration completed in 2013 and work planned for 2014.
Over the last 18 months, the Corporation completed an extensive body of work in cooperation with a major precious-metals producer under an exploration agreement ending in July 2013. During this time, in excess of CND $5,400,000 was invested on the advancement of the Corporation's assets in Santa Cruz Argentina.
Argentina field-work is currently in progress, and will continue, as plans for specific initiatives and schedules for 2014 are completed. Field-work now underway includes systematic surface sampling and detailed geologic mapping for the purpose of generating and refining drill targets. Hunt's staff has also commenced initiatives to proceed with engineering, metallurgical, and geotechnical programs that can aid with scoping-level studies designed to evaluate potential production scenarios. The Corporation is planning to drill one or more prospects during the 2014 field season. Additional details on drilling campaigns, as well as all additional exploration plans, will be forthcoming as they are finalized.
During 2013, Accomplishments completed by Hunt's wholly owned subsidiary, Cerro Cazador S.A. included:
- The discovery of mineralization indicators on 6 of the Corporation's previously un-explored prospects warranting further exploration or development
- The identification of more than 15 geochemical and geological anomalies indicative of epithermal style mineralized systems similar to those currently being developed and mined for precious metals
- The identification or expansion of mineralization on pre-existing prospects adding to Hunt's inventory of drill targets
- Reconnaissance exploration over an area greater than 170,000 hectares (1,700 square kilometers) encompassing 20 exploration, discovery and/or mining concessions
- The collection and analysis of more than 2,800 surface samples, including approximately 1,500 stream sediments, 500 soils, and 800 rock samples
- Regional and prospect level interpretation of new high-resolution satellite imagery covering the western half of the Deseado Massif where all of the area's producing mines and the Corporation's land packages are situated
"We are very pleased with our continued progress in Argentina" stated Chairman and CEO, Tim Hunt. "During difficult times, when most junior explorers cut back or eliminated exploration, Hunt Mining was able to continue advancing and developing assets in Santa Cruz. I believe this exemplifies the company's faith in Argentina's future, as well as our commitment to building real shareholder value as we move the company forward."
About Hunt Mining
Hunt Mining Corp. has continued to build precious metal resources by being 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 approximately 57,000 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. Historical results and additional information can be viewed at www.huntmining.com. Exploration plans and schedules for 2014 will be announced upon finalization.
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