Hunt Mining Corp. [HMX-TSXV; HMXZF-OTC] reported first half 2017 production of 257,333 troy ounces of silver and 285.61 troy ounces of gold, or 277,897 silver equivalent troy ounces using a 72 to 1 gold to silver ratio from the 100%-owned Martha Mine project located in Santa Cruz province, Argentina. Gross revenue generated through the sale of the silver and gold is US $4,851,569.
FIRST HALF 2017 PRODUCTION HIGHLIGHTS
Period Gold (troy oz) Silver (troy oz) Gross revenue
Second quarter 2017 total 258.97 226,413 $4,281,545
First quarter 2017 total 26.64 30,920 $570,023
First half 2017 total 285.61 257,333 $4,851,569
Troy ounces consist of 31.1035 grams.
Gross revenue is in US dollars.
Troy ounces are based on independent assays taken at the port by Alex Stewart.
- Initiated production at the Martha Project on Jan. 17, 2017;
- Extended off-take agreement with Ocean Partners USA Inc. for delivery of concentrate from Martha Project;
- Initiated shallow drilling using blasthole rig at Martha project.
The seven mining concessions gained in the Martha Project acquisition are being expanded with the combination of surface channel sampling and shallow exploration drilling in locations not known to have been explored by previous owners.
Hunt Mining 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 SA, has completed exploration activity including 62,000 metres of HQ core drilling, 416 line-km of IP geophysical surveys, and more than 20,000 surface soil, sediment, channel, chip and trench samples, beyond the historical work previous to the same properties.