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Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.
Mostrando entradas con la etiqueta HuntMountain. Mostrar todas las entradas
Mostrando entradas con la etiqueta HuntMountain. Mostrar todas las entradas

31 mar 2010

Hunt Mining Doubles the Size of Its Precious Metal Land Holdings in Santa Cruz, Argentina



LIBERTY LAKE, WASHINGTON--(Marketwire - March 24, 2010) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), is pleased to announce that it has filed with the Provincial Mining Authority for control of 17 new mineral concessions encompassing 139,000 hectares in the Santa Cruz province of Argentina. These new gold and silver prospects will be 100% owned by the Corporation, through its Argentine subsidiary Cerro Cazador S.A. ("CCSA"). With these additions, the Corporation will control a total of approximately 275,000 hectares, making it the second largest public company landholder in the highly prospective and emerging Deseado Massif precious metal region in Santa Cruz province.

The Corporation selected acquisitions based on known precious metal showings, established mineralized trends, and favorable structure, geology and alteration as indicated by satellite imagery interpretation. Currently the Corporation is actively engaged in exploration at its flagship project, La Josefina, in addition to the Bajo Pobre, El Gateado and other projects. Work now underway includes the following:

* Calculation of NI 43-101 compliant resources at the La Josefina project for five mineralized shoots which were intercepted by previous drilling and remain open to expansion
* Upgrading access and drill pads for resource expansion drilling on the La Josefina project scheduled for the second quarter of 2010
* Collection of surface channel samples on new exploration targets slated for drilling on the La Josefina project in the third quarter of 2010
* Retainment of UAKO Consultora Geologica ("UAKO") to provide ongoing Quality Assurance and Control of Analysis Results Program for the Corporation as the company nears a production decision and initiates project feasibility for the La Josefina project, expected later in 2010
* Preparation of NI 43-101 technical reports for the Bajo Pobre and El Gateado projects
* Metallurgical testing for several shallow gold shoots identified during the Corporation's 37,000 meter drilling program completed in 2009

President Matthew Hughes stated "We are extremely pleased to be adding such a significant number of highly prospective mineral concessions to our already impressive land package in Santa Cruz. While we continue to build resources and develop La Josefina towards production, the new acquisitions will allow for greater flexibility in exploration and subsequent development of multiple prospects far into the future. With our senior technical staff having more than 30 years combined experience in Santa Cruz exploration, and an excellent track record of identifying, and developing projects in the region, we are confident our success will continue to grow. When you combine these facts with the strong relationships that we have developed in local communities and the provincial government over many years, it further confirms our rising leadership role in the region."

About Hunt Mining Corp.

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006 during which time the Corporations subsidiary, Cerro Cazador S.A. (CCSA) has completed more than 37,000 meters of HQ core drilling, 416 line kilometers of IP geophysical surveys and has taken more than 10,000 surface channel, chip, and trench samples. Historical results and additional information can be viewed at www.huntmining.com.

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.

For more information, please contact
Dean Stuart
(403) 517 2270
dean@boardmarker.net
or
Hunt Mining Corp.
Bryn Harman, CFA
Chief Financial Officer
(509) 892-5287
bharman@huntmining.com
www.huntmining.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

23 feb 2010

Hunt Mining Initiates Metallurgical Studies in Santa Cruz Argentina



LIBERTY LAKE, WASHINGTON--(Marketwire - Feb. 23, 2010) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), has initiated metallurgical testing for several shallow gold-shoots identified during the company's 37,000 plus meter drilling campaign completed in 2009 on the La Josefina Gold Silver property located in Santa Cruz Province, Argentina. Initial testing will include bottle roll tests, small column percolation leach tests and gravity circuit recovery tests. The results are expected to provide a preliminary evaluation of the amenability to heap-leaching of gold mineralization found on, and near surface in oxidized environments. The results will also be incorporated into a scoping level study, which is now partially completed, and will lead to a production decision expected before the end of 2010.

Of the five mineralized shoots identified thus far from drilling, three are scheduled for testing. These include the Sinter zone, a portion of the Amanda-Cecilia vein system, and a portion of the Ailin vein system. All five shoots remain open to expansion.

The Sinter Zone is an area exhibiting flat-lying volcanic stratigraphy partial capped by laminated, siliceous rocks related to Jurassic age hydrothermal or "hot spring" activity. This setting is exposed at the surface over an area of at least 2.5 km by 300 meters. Gold mineralization occurs disseminated within the silica caps and the volcanic unit below. The area is also cut by several breccias pipes exhibiting bonanza grade gold. The zone represents a potential open pit, heap leachable target. The target has been only partially tested and remains open, both laterally and at depth. Forty-four HQ core holes totaling 3,885 meters have been completed to date within the Sinter Zone.

The Ailin, Amanda and Cecilia vein systems represent a different style of mineralization where gold is hosted from surface within and adjacent to fissure veins, breccias and stockworks. The upper portions of these shoots are highly oxidized and could potentially be mined using an open "slot-cut" technique.

Selected results from exploration activities completed in all three target areas slated for metallurgical work include the following:











Complete results from historical drill campaigns at La Josefina can be viewed on the web site at: www.huntmining.com.

The Corporation will use SGS Mineral Services, in Pudahuel Santiago Chile for scheduled metallurgical testing.

James Ebisch is considered a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has supervised the preparation of the technical information contained in this news release.

About Hunt Mining Corp.

Hunt Mining Corp. is a mineral exploration and development company carrying on exploration operations and owning properties in Argentina through its wholly owned subsidiary Cerro Cazador S.A. ("CCSA"). CCSA holds interests in six mineral exploration properties, La Josefina, Bajo Pobre, El Gateado, El Overo, El Alazan and El Tordillo, all located in Santa Cruz province, Argentina. Additional information can be viewed at www.huntmining.com.

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.

For more information, please contact
Hunt Mining Corp.
Dean Stuart
(403) 517 2270
dean@boardmarker.net
or
Hunt Mining Corp.
Bryn Harman, CFA
Chief Financial Officer
(509) 892-5287
bharman@huntmining.com
www.huntmining.com



For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

26 jun 2009

HuntMountain Resources Signs LoI To Sell Argentine Subsidiary Cerro Cazador To Sinomar Capital In Reverse Takeover Transaction - Quick Facts

(RTTNews) - Wednesday, HuntMountain Resources Ltd. (HNTM.OB: News ) signed a Letter of Intent or LOI with Sinomar Capital Corp. (SMM-P.V), a Canadian Capital Pool Corporation. Following the LOI Sinomar will acquire 100% of the shares of HuntMountain's Argentine subsidiary, Cerro Cazador S.A. in a Reverse Takeover Transaction. The LOI contemplates the issuance of 29.1 million common shares and 20.9 milion convertible preferred shares of Sinomar, all with a deemed value of C$0.30 per share. The total deemed value for the transaction is C$15 million. Upon completion of the transaction, HuntMountain will own a majority controlling interest in Sinomar.

The LOI also contemplates that Sinomar will raise, concurrently with the closing of the Acquisition a minimum of C$1.5 million and a maximum of C$3 million by way of a combination of a short form offering document and private placement at a price of C$0.30 per share.

Continue reading at: http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=988490%20&Category=Quick%20Facts