Hunt Mining Corp. Announces Termination of Exploration Agreement With Eldorado Gold Corporation and Resignation of Director
July 17, 2013 — Spokane, Washington (Source: Marketwired) — Hunt Mining Corp. (“Hunt” or the “Corporation”) (TSX VENTURE:HMX) reports that Hunt has received notice from its Exploration Partner, Eldorado Gold Corporation, that it has elected to terminate the Exploration Agreement with Hunt entered into on May 3, 2012.
Matt Hughes, President and CEO of Hunt, commented, “We are disappointed that Eldorado will not be continuing exploration on our Argentine assets. They have been a great partner and a pleasure to work with.”
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As a result of the termination of the Exploration Agreement, Hunt has begun exploring strategic options for its Argentine assets in addition to ongoing reductions to operating expenses in order to maintain a strong cash position.
Hunt also announces the resignation of Mr. Andrew Gertler from the Board of Directors of the Corporation, owing to personal reasons and other commitments. The Corporation’s Board sincerely thanks Mr. Gertler for his contributions during his time with the Corporation, and wishes him well in all his endeavors.
About Hunt Mining
Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006. During that time, Hunt’s wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of exploration activity including approximately 57,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 15,000 surface channel, chip, and trench samples. Historical results 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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>