Canadian Gold Hunter Corp.: 82.3 Metres Grading 1.08 g/t Gold Intersected at Caballo Blanco Project, Mexico
Thu Apr 10, 11:01 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2008) - Canadian Gold Hunter Corp. (the "Company") (TSX: CGH.TO) is pleased to report the remaining assay results from core hole 07CBN-002 and all of 08CBN-003 from the Caballo Blanco project in Veracruz, Mexico. Core hole 07CBN-003 intersected 1.08 g/t gold over 82.30 metres in an iron-oxide-cemented silica breccia. The hole was lost in a fault zone in vuggy silica breccia at 246.9 metres
CBN-002 was completed to a depth of 293.5 metres. The hole assayed 0.60 g/t gold over a length of 216.41 metres, within which a higher grade section grades 0.76 g/t gold over 76.53 metres, as previously reported by the Company in its news release of February 27, 2008.
Complete assay results for 07CBN-002 and 003 are listed below.
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Drill Depth Interval Width Au Ag
Hole Az/Angle (m) (m) (m) g/t g/t
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------------------------------------------------------------------------
07CBN-002 090 degrees/
-50 degrees 293.5 38.71-255.12 216.41 0.60 3.1
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including 38.71-104.24 65.53 0.76 3.9
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and including 85.95-99.27 13.32 1.03 4.1
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and including 230.73-255.12 24.39 1.01 9.5
------------------------------------------------------------------------
------------------------------------------------------------------------
08CBN-003 090 degrees/
-80 degrees 246.89 72.54-154.84 82.30 1.08 2.8
------------------------------------------------------------------------
including 107.59-124.36 16.77 2.63 3.1
------------------------------------------------------------------------
Both holes were drilled by the Company in the Cerro la Paila target area (formerly referred to as Cerro la Cruz) within the Northern Zone high-sulphidation gold system, which covers an area of some 20 square km. The holes were targeted on a zone of very high resistivity defined by a detailed I.P. survey carried out in 2007. The high resistivity target extends over a N-S distance of 800 to 900 metres with widths up to 450 metres (see attached map) and substantial, but as yet undetermined, depth extent. In places, the resistivity anomaly is buried below low-resistivity volcanic rocks. Where the resistivity high extends to surface, iron-rich silica breccias are exposed and gold soil and rock geochemical anomalies are extensive.
Two core rigs currently are operating in the Cerro la Paila gold target. In the present phase of the drill program, the Company plans to test the target with at least 28 core holes amounting to about 7,000 metres.
The Company can earn a 70 per cent interest in the Caballo Blanco project from Almaden Minerals Ltd. by spending US$12 million over a period of six years.
The geological data in this news release were verified by qualified person Jan Christoffersen, P. Eng., Vice President of Canadian Gold Hunter Corp. Appropriate quality control and quality assurance protocols are utilized on the program. Standard reference samples and various duplicates are inserted in each batch of assays. Drill core samples are cut by saw on site and sample splits are shipped for preparation to ALS Chemex in Guadalajara, Mexico. Sample pulps are sent to ALS Chemex in North Vancouver, B.C., Canada and analyzed for gold by fire assay and for silver and 34 other trace and major elements by ICP-MS in accordance with standard industry practices.
ON BEHALF OF THE BOARD
Richard J. Bailes, President
To view the map accompanying this release please click on the following link: media3.marketwire.com
Contacts
Sophia Shane
Canadian Gold Hunter Corp.
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.canadiangoldhunter.com |
