Business
Hunt Mining Receives Positive Metallurgical Test Results for Flagship La Josefina Gold / Silver Project
LIBERTY LAKE, Wash., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE:HMX) (OTC:HMXZF) is pleased to announce the
About this update from Patagonia Gold Corp
[{"type":"text","content":"LIBERTY LAKE, Wash., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Hunt Mining Corp. (the “Corporation” or “Hunt”) (TSX VENTURE:HMX) (OTC:HMXZF) is pleased to announce the receipt of metallurgical test results on material from the Ailin vein located on the La Josefina Gold / Silver Project. The La Josefina Project is located approximately 110 km north of the Corporation’s 100% owned Martha mine and mill (“Martha Project”) which has been in operation since early 2017 producing high grade silver and gold concentrate. Ailin ore is planned to be treated in the Martha mill in the future. Hunt commissioned testing on high, medium, and low-grade material from the Ailin vein to evaluate the flotation response to procedures planned to be implemented in the Martha mill. Vein material stemmed from surface trenches, drillholes and grab samples. They were visually separated into the three grade categories and analyzed at the testing facilities. No additional external QAQC procedures were applied. Testing was conducted at the GEOMET Spa. laboratory in Santiago, Chile under the supervision of Hunt’s Martha mill manager, and at the Resource Development Inc. (“RDI”) facilities in Denver, Colorado. Both GEOMET Spa. And RDI are arm’s length to Hunt Mining. Results from these tests are as follows: Grade and Laboratory Calc. Head Grade Recovery % Concentrate Grade Au g/t Ag g/t Au Ag Au g/t Ag g/t High grade RDI 67.9 32.4 84.5 58.9 1,569 522 Medium grade RDI 45.2 23.3 81.8 51.7 802 263 Low grade GEOMET 19.1 43.4 82.1 25.5 316 223 Hunt is extremely pleased with the test results from RDI and GEOMET and will be proceeding with an in-plant bulk test at its Martha mill in the first half of 2018. Upon completion of the in-plant bulk test, a determination will be made on the future processing of material from the Ailin vein. Ongoing production at the Martha Project is being undertaken without established mineral resources or reserves and the Corporation has not established the economic viability of the operations on the Martha Project. As a result, there is increased uncertainty and economic risks of failure associated with these production activities. However, a NI 43-101 compliant technical report from 2010 exists for th...