Liberty Lake, Washington, November 07, 2011 “ Corporation ” or “ Hunt Mining” signing of a Letter of Intent with (NYSE:EGO) (ASX:EAU) with respect to Manifestations of Discovery (“
Under the terms of the Letter of Intent, Hunt Minin g has granted exclusive rights to Eldorado, which has declar ed its intention to review the P entering into a strategic alliance or option agreem ent with Hunt Mining to jointly and develop the Projects. Eldorado will be committing significant financial and personnel resources to the evaluation of the P Letter of Intent expires on December 31, 2011. The re is no assuranc and Eldorado will enter into any further
Hunt Mining is a major landholder in Santa Cruz Pro vince, Argentina controlling 2,867 sq. km or 286,792 hectares, encompassing 3l mineral concessions. Hunt maintains a year round exploration and development camp employing a number of experienced geologists and support staff, and is ra mping up exploration for the Argentine Spring season.
About Eldorado Gold Corporation
Eldorado Gold Corporation, with mid tier gold producer active in development and ex ploration. Eldorado operates the Ki şlada ğ and Efemçukuru gold mines in Turkey; the Jinfeng, T anjianshan and White Mountain gold mines in China; an Eldorado is constructing the Eastern Dragon gold mi ne, which is ex production in Q3 2012 . Eldorado is also developing the Perama Hill proje ct in Greece, and the Tocantinzinho (TZ) project in China, Turkey, Brazil, and Nevada in the United Sta tes.
viewed at www.eldoradogold.com About Hunt Mining Corp.
Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz Province, Argentina since 2006. Since that time, the Corporat ion’s wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of explo ration activity including approx imately 53,000 meters of HQ core drilling, 416 line kilometers of Induced
Hunt Mining Signs Letter of Intent with Eldorado Gold
Liberty Lake, Washington, November 07, 2011 – Hunt Mining Corp. (the Hunt Mining” ) (TSX VENTURE: HMX) is pleased to announce the signing of a Letter of Intent with Eldorado Gold Corporation (“ Eldorado ”) (TSX:ELD) (NYSE:EGO) (ASX:EAU) with respect to certain mineral exploration Cateos and Manifestations of Discovery (“ Projects ”) located in Santa Cruz Province, Argentina Under the terms of the Letter of Intent, Hunt Minin g has granted exclusive rights to ed its intention to review the P rojects with the objective of entering into a strategic alliance or option agreem ent with Hunt Mining to jointly Eldorado will be committing significant financial and personnel to the evaluation of the P rojects under the terms of the Letter of Intent. T he Letter of Intent expires on December 31, 2011. The re is no assuranc e that Hunt Mining and Eldorado will enter into any further agreement with respect to the P rojects. Hunt Mining is a major landholder in Santa Cruz Pro vince, Argentina controlling 2,867 sq. km or 286,792 hectares, encompassing 3l mineral concessions. Hunt maintains a year round exploration and development camp employing a number of experienced geologists and support staff, and is ra mping up exploration for the Argentine About Eldorado Gold Corporation Eldorado Gold Corporation, with its head office in Vancouver, Canada, is an international mid tier gold producer active in development and ex ploration. Eldorado operates the and Efemçukuru gold mines in Turkey; the Jinfeng, T anjianshan and White Mountain gold mines in China; an d the Vila Nova iron ore mine in Brazil. In China, Eldorado is constructing the Eastern Dragon gold mi ne, which is ex pected to start. Eldorado is also developing the Perama Hill proje ct in Greece, and the Tocantinzinho (TZ) project in Brazil, and have ongoing exploration programs in China, Turkey, Brazil, and Nevada in the United Sta tes. Additional information can be www.eldoradogold.com .
Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz Province, Argentina since 2006. Since that time, the Corporat ion’s wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of explo ration activity including imately 53,000 meters of HQ core drilling, 416 line kilometers of Induced Hunt Mining Signs Letter of Intent with Eldorado Gold Hunt Mining Corp. (the pleased to announce the”) (TSX:ELD) certain mineral exploration Cateos and located in Santa Cruz Province, Argentina .
Under the terms of the Letter of Intent, Hunt Minin g has granted exclusive rights to rojects with the objective of entering into a strategic alliance or option agreem ent with Hunt Mining to jointly explore Eldorado will be committing significant financial and personnel rojects under the terms of the Letter of Intent. T he e that Hunt Mining rojects.
Hunt Mining is a major landholder in Santa Cruz Pro vince, Argentina controlling 2,867 sq. km or 286,792 hectares, encompassing 3l mineral concessions. Hunt Mining maintains a year round exploration and development camp employing a number of experienced geologists and support staff, and is ra mping up exploration for the Argentine its head office in Vancouver, Canada, is an international mid tier gold producer active in development and ex ploration. Eldorado operates the and Efemçukuru gold mines in Turkey; the Jinfeng, T anjianshan and White d the Vila Nova iron ore mine in Brazil. In China, pected to start. Eldorado is also developing the Perama Hill proje ct in Greece, Brazil, and have ongoing exploration programs in Additional information can be Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz Province, Argentina since 2006. Since that time, the Corporat ion’s wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of explo ration activity including imately 53,000 meters of HQ core drilling, 416 line kilometers of Induced
Polarization geophysical surveys and more than 15,0 00 surface channel, chip, and trench samples.
The Corporation is currently engaged in a resource expansion drilling campaign at the flagship La Josefina Project. Historical results an d additional information can be viewed at www.huntmining.com .
Dean Stuart
Investor Relations
T: (403) 517 2270
Viresh Varma
Director of Corp. Development
T: (647) 588 0460
Matthew J. Hughes
President and CEO
T: (509) 892-5287 E: [email protected]
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.
FORWARD-LOOKING INFORMATION
This announcement contains forward-looking informat ion and forward-looking statements (collectively, “forward-looking informat ion”) within the meaning of applicable securities laws, relating, but not limit ed to the Corporation’s expectations, intentions, plans and beliefs. Forward-looking info rmation can often be identified by the use of words such as 'anticipate', 'believe', 'expe ct', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outco mes or other expectations including with respect to Eldorado and Hunt Mining entering i nto a strategic alliance or option agreement to jointly explore and develop the Projec ts, the drilling program on the Corporation’s La Josefina Project, the interpretati on of exploration results received to date and the timing for commencement of the spring drilling program. Such forward looking-information is based on assumptions and cur rent expectations that involve a number of known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied b y the forward-looking information. Factors that could cause actual results to differ m aterially from any forward-looking information include, but are not limited to, failur e to establish estimated resources, the grade and recovery of ore which is mined varying fr om estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other proje ct approvals, inflation, changes in exchange rates, fluctuations in commodity prices, d elays in the development of projects, uncertainties relating to the interpretation of the geology, continuity, grade and size estimates of mineral resources and unanticipated op erational or technical difficulties and other risks and uncertainties set out in the Corpor ation’s annual and quarterly
management discussion and analysis which are availa ble at www.sedar.com. Such forward-looking information is based on a number of assumptions, including but not limited to, the availability of financing, no signi ficant decline in existing general business and economic conditions, the level and volatility o f the price of gold, the accuracy of the Corporation’s resource estimates and of the geologi cal, metallurgical, price and other assumptions on which the estimates are based. Should one or more risks and uncertainties materialize or should any assumptions prove incorre ct, then actual results could vary materially from those expressed or implied in the f orward-looking information and accordingly, readers are cautioned not to place und ue reliance on this forward-looking information. Readers are further cautioned that the forgoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. T he Corporation does not assume the obligation to revise or update this forward-looking information after the date of this announcement or to revise such information to refle ct the occurrence of future unanticipated events, except as may be required under applicable securities laws.