Liberty Lake, Washington, December 1, 2017 – Hunt Mining Corp. ("Hunt Mining", or the "Company") (TSX-V: HMX) announces that as a result of review by the British Columbia Securities Commission the Company is issuing the following news release to clarify certain disclosure made in its management discussion and analysis for the three-month period ended March 31, 2017, as filed on SEDAR on May 30, 2017 (the "MD&A") which disclosure was not compliant with National Instrument 43-101 ("NI 43-101"). The disclosure was made in regard to the results of a blast hole drilling program on the Company’s Martha project (the "Martha Project", or the "Project").
The Company’s March 31, 2017 MD&A referred to the results from a drill program and included a mineral resource estimate from the drill program, together with additional disclosure regarding the Company’s plans to extract the material, and a figure of the area (the "Disclosure"). Under NI 43-101 such disclosure constituted a mineral resource estimate and triggered the requirement to file a technical report under NI 43-101. The Company does not have a current NI 43-101 report to support the Disclosure and therefore all of the Disclosure was made in contravention of NI 43-101 and is hereby retracted. The Company advises readers not to rely on such Disclosure as it may continue to be found in the public domain.
At this time, the Company has not conducted sufficient exploration to support disclosure of any mineral resources or reserves, nor has it completed appropriate mining studies to support disclosure of mineral resources or reserves on the Martha Project. Accordingly, the Company does not currently have any mineral resources or reserves and there can be no guarantee that the Company will have mineral resources or reserves in the future. Ongoing production at the Martha Project is being undertaken without established mineral resources or reserves and the Company 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.
The Company is preparing an updated NI 43-101 Technical Report on the Martha Project which it anticipates will be finalized in early 2018.
The technical information contained in this news release has been reviewed and approved by Klaus Triebel, Hunt Mining's Director of Project Development and a Qualified Person as defined under NI 43-101.
Additional information on the Martha Project and other Santa Cruz, Argentina projects can be viewed on the Company 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:
T: (403) 617-7609
Chief Administration Officer
T: (509) 290-5659
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.