Hunt Mining Corp. on Oct. 18 reported shipping the first gold-silver concentrate from the Ailin vein at its La Josefina property in Santa Cruz, Argentina.

Weighing nearly 30 tonnes, the two test shipments contained a total of 676.3 troy ounces of gold and 3,592.5 troy ounces of silver.

Hunt Mining said the concentrate was a byproduct of a bulk sampling program aiming to advance a pre-feasibility study on the project. The company noted that it has not established the economic viability of the La Josefina operations.

According to a 2010 estimate, the property hosts measured and indicated resources containing 156,000 ounces of gold and 2.8 million ounces of silver.