Hunt Mining Renews Agreement With Ocean Partners
June 21 2017 - 7:01AM
Hunt Mining Corp. (the “
Corporation” or
“
Hunt”) (TSX-V:HMX) is pleased to announce it has
extended an offtake agreement (“Agreement”) with Ocean Partners
USA, Inc. (“Ocean Partners”) for the delivery of Silver-Gold
concentrate (“Concentrate”) from the Martha Mine Project (“Martha
Project”) located in Santa Cruz Province, Argentina.
Hunt has received an additional US $1,500,000
for the delivery of Concentrate from the Martha Project and will
receive a further provisional payment upon shipment of the
Concentrate from the loading port.
This is an extension to an initial November
agreement that has now been fulfilled with the 4th shipment leaving
the port on Tuesday the 19th of June and the repayment of the
previous US $1,500,000 advance with deductions withheld through the
3rd shipment, leaving payment on Lot 4 as free and clear.
The Corporation entered a definitive agreement
to purchase the Martha Project on February 10, 2016 and closed the
acquisition of the Martha Project on May 12, 2016. The Corporation
remains on schedule to resume production at the Martha Project in
Q4 2016. In addition to the Martha Project and associated equipment
at the facility, Hunt holds a large land position in the Santa Cruz
Province, Argentina of 37 properties covering an area of
1,737 km sq. (429,407 acres).
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.
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 contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
E: dean@boardmarker.net
Bob Little
Chief Administration Officer
T: (509) 290-5659
E: blittle@huntmining.com
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