Hunt Mining Corp. ("Hunt" or the "Corporation") 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.
Source: http://www.huntmining.com/