hunt mining corp (HMX:Venture)
hunt mining corp (HMX) Snapshot
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Open
C$0.04
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Previous Close
C$0.04
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Day High
C$0.05
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Day Low
C$0.04
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52 Week High
10/11/12 - C$0.25
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52 Week Low
05/7/13 - C$0.04
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Market Cap
4.9M
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Average Volume 10 Days
179.4K
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EPS TTM
C$-0.05
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Shares Outstanding
121.5M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Hunt Mining Corp., together with its subsidiaries, engages in the exploration of mineral properties in Santa Cruz Province, Argentina. It focuses on gold, silver, and base metal projects. The company holds mineral rights to approximately 31 properties covering approximately 2,867 square kilometers in Argentina. Its flagship property includes the La Josefina gold-silver project covering approximately 528 square kilometer mineral reserve located in the Deseado Massif mineral district, Argentina. The company was founded in 2006 and is based in Spokane, Washington.
hunt mining corp (HMX) Top Compensated Officers
hunt mining corp (HMX) Key Developments
Hunt Mining Corp. provided an update on its exploration and operational activities. The corporation is continuing to manage its funds under a policy of cash conservation, limiting expenditures to only essential strategic items. The corporation is dedicating the majority of its Argentine exploration team and assets to projects covered by its exploration agreement with Eldorado Gold Corporation. Field work in 2012 and early in 2013 focused on preliminary exploration of property blocks, most of which fall under the Corporation's exploration alliance with Eldorado Gold Corporation, in effect since May of 2012. This work generated multiple targets that the company plans to follow-up on during subsequent exploration campaigns. This year's activities included, but were not limited to: Survey and mapping of infrastructure including: Roads, tracks and trails. Fences, gates and ranches. Surface ownership property boundaries. Construction, installation and improvement(s) to satellite camps for logistical support of field crews operating in remote areas. Acquisition of detailed remote sensing imagery to cover prospective ground in western Santa Cruz including all of the corporation's exploration packages. Acquisition of high resolution satellite imagery to cover proposed future drill targets on Bajo Pobre and El Gateado property blocks. Analysis, interpretation and field verification of project imagery to aid in prioritization of prospective areas, detailed geological mapping, identification of structural settings, and creation of base maps for data compilation. Preliminary reconnaissance sampling covering 1500 square kilometers on nine separate property blocks. Work included, but was not limited to: First-pass field evaluation of prioritized targets. Collection of approximately 900 sediment, soil and rock samples. Regional to detailed geological mapping of exposed lithology, stratigraphy, structure and alteration. Preparation and shipping of collected samples for analysis. Collection and delivery of material and supplies to support exploration crews. Field reconnaissance, with a focus on due-diligence, for possible acquisition of new opportunities, located both inside and outside the current area covered under the Corporation's exploration agreement with Eldorado Gold Corporation. Work included: Determination of relative location, orientation and similarities to known mineralization or mineralized trends (mapping). Identification and verification of exposed alteration and/or mineralization (mapping and sampling). Determination of prospect potential.
Hunt Mining Corp filed its Annual on Apr 24, 2013 for the period ending Dec 31, 2012. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Hunt Mining Corp. announced exploration results from its La Valenciana Gold-Silver project located in Santa Cruz Province, Argentina. The La Valenciana gold-silver project is located on the central-north area of the Santa Cruz Province, Argentina and is located 25 km to the west of the Corporation's main Piedra Labrada base camp. The project encompasses an area of 29,600 hectares, and is contiguous to the Joaquin project to the south, the Las Mellizas project to the south-east and the Corporation's La Josefina project to the east. Several historical exploration programs have taken place to date at La Valenciana, with the most recent exploration being conducted by Cerro Cazador S.A. Veta Principal represents a large, precious metal bearing, epithermal vein system with a strike length of at least 2,000 meters. The vein trends generally north-south and ranges in width from 0.5 to 3.0 meters, swelling locally to a width of 10 meters. The host rock consists of Jurassic age crystal tuffs. Mineralization occurs in episodically banded quartz veins and hydrothermal breccias associated with small amounts of iron, copper and lead sulfide minerals. Several locations along this vein system were historically explored with ten shallow drill holes averaging less than 65 m in length and 53 trenches averaging 23 m in length. Results of this work were inconclusive. CCSA collected 217 total samples from trenches and other outcrops along a 1,000 meter segment of the Veta Principal trend. A total of 165 channel samples were collected from 11 of the historical trenches. Channels 3 to 4 cm wide and deep and up to 21 m long were sawed along the walls of the trenches and sampled over continuous intervals of 0.4 to 1.9 m in length. The La Florentina target, about 5.5 km east-northeast of Veta Principal, encompasses a 2.5 square km area of a broad N-S trending stock work system consisting of small quartz veins and hydrothermal breccias. CCSA's recent exploration in the La Florentina stockwork system collected 256 sawed continuous channels cut along the walls of 6 old historical trenches and other outcrops in the target area.
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Industry Analysis
HMX
Industry Average
| Valuation | HMX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 31.2x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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To contact HUNT MINING CORP, please visit www.huntmining.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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