LIBERTY LAKE, WASHINGTON--(Marketwired - March 31, 2014) - Hunt Mining Corp. ("Hunt" or the "Corporation") (TSX VENTURE:HMX) is pleased to announce it will start exploration and development drilling at the Corporation's La Josefina and La Valenciana gold and silver projects in Santa Cruz Argentina. The Corporation has awarded a service contract to promptly mobilize and commence drilling this week. Drilling will begin first on the Corporation's Flagship La Josefina Project followed by a second drill campaign on the La Valenciana Project, located west of La Josefina and north of Coeur Mining Inc.'s Joaquin Project.
The drill services contract was awarded to MD Perforaciones S.A., a division of Eco Minera S.A. of Argentina, from bids solicited over the last several weeks. The plan includes a minimum of 5,000 meters of HQ Diamond Core drilling distributed over six or more individual precious metal bearing targets at both La Josefina and La Valenciana.
"We are excited to resume drilling in Argentina and continuing the Corporation's tangible approach in advancing our projects toward production," stated Chairman and CEO Tim Hunt. "Other industry leaders have made their commitment to Argentina clear with a major gold company recently announcing a Cdn. $450 million investment in advancing the Cerro Moro Gold project in Santa Cruz. In addition, contiguous to our La Valenciana property, a second major mining entity recently acquired the remaining 49% interest in the Joaquin silver deposit for an estimated US $60 million cash and share settlement. Hunt Mining also remains steadfast in its commitment to advancing our properties in Argentina."
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.
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This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.