LIBERTY LAKE, WASHINGTON -- (Marketwired) -- 02/10/16 -- Hunt Mining Corp. (the "Corporation") (TSX VENTURE: HMX) is pleased to announce that an Argentinian subsidiary of the Corporation has entered into a definitive agreement to buy the Martha Mine in Santa Cruz Province, Argentina from an Argentinian subsidiary of Coeur Mining, Inc. for total cash price of US$3.0 million.
The Corporation believes the purchase paves the way for the transition from an exploration company to a mining company and enhances the commitment of Hunt Mining to be engaged in the Province of Santa Cruz for the long-term.
Further information will follow in due course.
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as 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 64,000 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. This, and additional information can be viewed at www.huntmining.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements. The Corporation has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
Hunt Mining Corp.
Chief Financial Officer