Grades are low, but it is large porphyry systems and they are all in proximity of each other. Cerro Blanco is right next to Los Helados and Jose Maria with adjacent TNR Gold's Batidero are within truckable distance. It looks like Lukas Lundin is thinking here about regional play with one milling facility for all this deposits. Gold above 1000 USD/oz and Copper at levels higher then 3 USD/lb will be the key for developments. High grade core should it be discovered will change the picture overnight. Japanese are liking the odds and moving into the Jose Maria with JOGMEG announcement this spring.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") is pleased to announce results from the latest drill program at the Los Helados project. Los Helados is one of a large group of porphyry copper/gold projects in the Andes straddling the Argentine-Chile border. Canadian Gold Hunter acquired these projects through the recent acquisition of Suramina Resources Inc. To view attached map, please click on the following link: http://us.lrd.yahoo.com/_ylt=AjMGU8ey_19BEpwFR.uykDmyf88A/SIG=11inl1mpj/**http%3A//media3.marketwire.com/docs/cgh0422.jpg.
Highlights include Hole LH-DDH 04 which returned 762 metres from near surface of 0.43% copper and 0.22 g/t gold. This deep hole ended at 779 metres in increasing grades of copper with the final 43 metres grading 0.74% copper and 0.23 g/t gold.
Table
Notes: Intervals are core lengths and true widths may be less than
reported here.
The results of LH-DDH 04 are interpreted as a confirmation that the core potassic zone of the Los Helados porphyry continues extensively at depth carrying significant copper/gold grades. Deep penetrating geophysics utilizing MIMDA will be carried out over the project area to better define the sulphide bearing core at depths down to 800 metres.
To date this highly promising target has only seen limited drilling totaling approximately 4,200 metres. The system remains open at depth, to the north, west and possibly to the southwest linking with the Company's nearby Cerro Blanco porphyry project currently being drilled.
Further drilling at Los Helados is planned for the 2009/2010 season to investigate the project at depth and the extension of the mineralization.
Canadian Gold Hunter's South American exploration programs are carried out under the direction and management of J. Patricio Jones (PhD). Dr. Jones and his team discovered the Veladero gold deposit in Argentina and was responsible for the initial development of the Bajo de Alumbrera copper-gold project. The technical contents of this release have been reviewed and verified by Mr. Paul K. Conibear, P.Eng., Director of Canadian Gold Hunter, who is an appropriately qualified person as defined by National Instrument 43-101. Quality controls include preparation and analysis statistics performed to industry standards. Samples from Los Helados were sent to ACME analytical labs in Mendoza Argentina and Santiago, Chile, for analysis using conventional ICP methods with multi-acid digestion. A 50 gram fire assay with AA (atomic absorption) finish is run on all samples for gold. A series of blanks are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.
On behalf of the Board
Wojtek Wodzicki, President and CEO"
Highlights include Hole LH-DDH 04 which returned 762 metres from near surface of 0.43% copper and 0.22 g/t gold. This deep hole ended at 779 metres in increasing grades of copper with the final 43 metres grading 0.74% copper and 0.23 g/t gold.
Table
Notes: Intervals are core lengths and true widths may be less than
reported here.
The results of LH-DDH 04 are interpreted as a confirmation that the core potassic zone of the Los Helados porphyry continues extensively at depth carrying significant copper/gold grades. Deep penetrating geophysics utilizing MIMDA will be carried out over the project area to better define the sulphide bearing core at depths down to 800 metres.
To date this highly promising target has only seen limited drilling totaling approximately 4,200 metres. The system remains open at depth, to the north, west and possibly to the southwest linking with the Company's nearby Cerro Blanco porphyry project currently being drilled.
Further drilling at Los Helados is planned for the 2009/2010 season to investigate the project at depth and the extension of the mineralization.
Canadian Gold Hunter's South American exploration programs are carried out under the direction and management of J. Patricio Jones (PhD). Dr. Jones and his team discovered the Veladero gold deposit in Argentina and was responsible for the initial development of the Bajo de Alumbrera copper-gold project. The technical contents of this release have been reviewed and verified by Mr. Paul K. Conibear, P.Eng., Director of Canadian Gold Hunter, who is an appropriately qualified person as defined by National Instrument 43-101. Quality controls include preparation and analysis statistics performed to industry standards. Samples from Los Helados were sent to ACME analytical labs in Mendoza Argentina and Santiago, Chile, for analysis using conventional ICP methods with multi-acid digestion. A 50 gram fire assay with AA (atomic absorption) finish is run on all samples for gold. A series of blanks are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.
On behalf of the Board
Wojtek Wodzicki, President and CEO"
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