Projects Overview

Since the announcement on January 17, 2017 that Hunt Mining had entered into production activities at the Martha Project, acquired from Coeur Argentina SRL in May 2016, Hunt has continued to enhance staff, improve the facilities, and produce a silver/gold concentrate at the flotation plant at Martha:

Tuesday, April 17thHUNT MINING REPORTS US $1.65 MILLION FIRST EVER NET INCOME WITH FILING OF 2017 YEAR END FINANCIALSIn its Year End 2017 Consolidated Financial Statements, Hunt Mining Corp. declared a Net Income of $1,655,914 in the Corporation’s first year producing income from its operations in Argentina.  “We feel we have turned the corner. Generating income is now our principal objective, so we will continue to explore, develop and mine our significant property package with that focus”, stated Executive Chairman/CEO, Tim Hunt.

Thursday, March 1st: Hunt Mining Chairman's Corporate Update for shareholders was released, which we encourage all interested parties to peruse for a brief recap of the Company's progress the past 12 months.  

Wednesday, February 28th: Hunt announced Positive Adjustment to Silver Production in 2017 which added 20,049 ounces of silver and 31 additional ounces of gold bringing net sales for 2017 to more than $9.2 million dollars for silver/gold concentrate produced from the Martha property. 

Tuesday, February 27th: Hunt announced its Exhibiting at the 2018 PDAC in Toronto, inviting stakeholders and others to visit key leadership at booth 2823. 

Wednesday, February 14th: Hunt announced Positive Metallurgical Test Results for Flagship La Josefina Gold/Silver Project and plans to move toward bulk sampling of Ailin vein ore at the Martha mill.

Thursday, February 1st: Hunt announced its 10th Concentrate Shipment from the Martha Project, totaling silver ounces of 36,609 and 50 ounces of gold. 

Tuesday, January 9th: Hunt announced its 8th & 9th Concentrate Shipments from the Martha Project, combining for silver ounces of 79,099 and 87.8 ounces of gold. 

Tuesday, October 24th: Hunt announced its Q3 2017 Production of 139,872 troy ounces of silver and 155.2 troy ounces of gold, or 151,681 silver equivalent troy ounces from the Martha Mine Project (“Martha Project”) located in Santa Cruz Province, Argentina.   

Tuesday, October 17th: Hunt announced its 7th shipment of silver/gold concentrate consisting of 54,662 troy ounces of silver and 67.91 troy ounces of gold, or 59,874 silver equivalent troy ounces using a 76.74 to 1 silver to gold ratio from the Martha Mine Project (“Martha Project”) located in Santa Cruz Province, Argentina. Hunt continues to evaluate the metallurgy of the La Josefina gold and silver material for optimum flotation processing. With the recent season change from winter to spring, management is in the process of upgrading the Martha Project for additional production as summer commences.

Tuesday, September 12th: Hunt announced its 6th shipment of silver/gold concentrate consisting of 73,131 troy ounces of silver and 87 ounces of gold from the Martha Mine Project ("Martha Project") located in Santa Cruz Province, Argentina. Since commencing production in early 2017, Hunt has produced a total of 429,579 silver equivalent troy ounces. Hunt management is evaluating increasing production as the winter season ends and spring commences in Argentina. Hunt is actively reviewing the metallurgy of the La Josefina gold/silver project material for flotation processing in the Martha Mill in 2018. 

Wednesday, August 30th: Hunt announced its 5th shipment of silver/gold concentrate consisting of 66,741 troy ounces of silver and 67.87 troy ounces of gold, or 71,921 silver equivalent troy ounces using a 76.33 to 1 silver to gold ratio from the Martha Mine Project (“Martha Project”) located in Santa Cruz Province, Argentina.

Monday, August 14th: Hunt filed its Second Quarter Results on both SEDAR and EDGAR which provided shareholders and interested parties with detailed information on the costs associated with the revenues generated during this period.

Thursday, July 20th: the Company provided a First Half 2017 Production Update reporting YTD Gross Revenue of US$4,851,569 on 285.61 ounces of gold and 257,333 ounces of silver sold to Ocean Partners USA Inc. under the off-take agreement that was renewed in June 2017. 

 

Hunt Mining operates in Argentina through its wholly owned subsidiary Cerro Cazador S.A.

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Cerro Cazador S.A. maintains control of numerous gold, silver and base metal prospective projects within this highly productive mineral district, making the Company one of the largest landholders in the region. In total, including the recent acquisition of the Martha Mine, the Company holds mineral rights to more than 38 minas and 4 cateos with an estimated 1,415 km sq. (349,823.57 acres or 141,568.58 hectares).

Hunt continues production activities at the Martha Project, and has identified new areas of mineralization surrounding the mill, which potentially increases the feedstock available to process. 

For information on a specific project please see the links in the sidebar or visit SEDAR or EDGAR for filings by Hunt Mining Corp.

La Josefina - Exploration summary

Exploration Activities Fomicruz S.E. Minamerica S.A CCSA
Cerro Cazador S.A.
Total
Phase I & III Phase II Phase IV Phase V Phase VI
Drill Holes 59 12 242 203 27 543
Meters 3680.61 908.35 37603.50 18885.60 1607.00 62685.06
Core Samples 3288 466 22733 10177 1226 37890
Surface Samples 641 1836 1828 78 - 4383
Trenches 74 12 128 87 18 319
Trench Meters 2517.82 786.00 2166.56 4587.15 139.50 10197.03
Trench Samples 606 191 2080 2153 158 5188
Geophysics 49.77 28.62 416 - - 494.39

 

Phase I (1994 - 1996)
Phase II (1997 - 1999)
Phase III (2000 - 2005)
Phase IV (2007 - 2010)
Phase V (2011 - 2013)
Phase VI (2014)

La Josefina (drilling initiated in April 2014)

  • Land package encompasses approximately 52,000 hectares
  • Land package comprised of mining claims
  • Full base-line environmental study completed
  • Seven separate mineralized zones identified to date
  • All mineralized zones remain open to expansion
  • Property remains 40% unexplored
  • Surface sample values range up to 450 g/t Gold and 2,800 g/t Silver
  • Multiple drill targets remain untested

La Valenciana - Exploration summary

Exploration Activities Fomicruz S.E. CCSA Total
Phase I Phase II Phase III
Drill Holes 10 - 42 52
Meters 648.00 - 2999.30 3647.30
Core Samples 319 - 1727 2046
Surface Samples 843 574 - 1417
Trenches 49 19 - 68
Trench Meters * 230.14 - >230.14
Trench Samples 858 274 - 1132
Geophysics 1.05 - - 1.05

* Total meters of trenching by predecessors unknown.

Phase I (1999)
Phase II (2009-2013)
Phase III (2014)

La Valenciana (drilling initiated in April 2014)

  • Land package encompasses approximately 33,000 hectares
  • Land package comprised of mining claims
  • Preliminary environmental study completed
  • Five separate mineralized zones identified to date
  • All mineralized zones remain open to expansion
  • Property remains 70% unexplored
  • Surface sample values range up to 40 g/t Gold and 4,600 g/t Silver
  • Multiple drill targets remain untested

Drilling Program Summary 2014 - La Josefina & La Valenciana Projects

Target Drill Holes Total(m)
Maria Belen 12 651.00
Sinter 15 957.00
Totals: 27 drill holes 1,608.00

 

Target Drill Holes Total(m)
Veta Principal 19 1,314.80
Stockwork La Valenciana 6 438.00
Veta Rosario 7 521.00
Stockwork La Florentina 10 725.50
Totals: 42 drill holes 2,999.30

Total Drill Program 69 drill holes, 4,607.30 m