Monday, September 14, 2009

Gold and Copper: Canadian Gold Hunter Corp.: Drilling at Zymo Project Significantly Expands Hobbes Copper/Gold Zone CGH.to, LUN.to, CZX.v, TNR.v, FCX,


Lukas Lundin's Global Exploration play slowly recovers with Gold price and Copper. There is still opportunity to get in at these low levels in advance of his next move. Now after consolidation on the base of CGH.to his Canadian, Mexican, Argentinean and African Gold and Copper exploration plays he is ready to remind the market about his ideas.
Next important move will be in Junior Gold and Silver stocks once gold will clear off 1000 USD/oz level.



Canadian Gold Hunter Corp.: Drilling at Zymo Project Significantly Expands Hobbes Copper/Gold Zone


Press Release
Source: Canadian Gold Hunter Corp.
On Monday September 14, 2009, 8:30 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Canadian Gold Hunter ("Canadian Gold Hunter") (TSX:CGH - News) and Eastfield Resources Ltd. ("Eastfield") are pleased to announce that results have been received from the recently completed drilling program on the Zymo copper-gold property located 45 kilometres west of Smithers, BC. Four holes were drilled at the Hobbes Zone and one hole tested a showing in the FM Zone. All holes intersected mineralization.

Of the four holes drilled in the Hobbes Zone, three (ZY-09-13, 15, 16) were each 100 m step-outs to the west of ZY-08-07 and ZY-08-08. Each of these holes intersected mineralization and the Hobbes zone has now been traced over 600 m in an east-west direction. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date indicating good potential for further extension of the mineralized zone to the west and south. Hole ZY-09-14 is a vertical hole drilled at the site of previously released holes ZY-08-09 (72.0 m of 0.72% copper; 0.54 g/t gold) and ZY-08-10 (57.0 m of 0.43% copper; 0.32 g/t gold). This hole intersected 273 m of 0.23% copper and 0.15 g/t gold and confirms that mineralization persists to greater depth. Hole ZY-09-17 was drilled in the FM zone. A summary of significant results is as follows:
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HOLE ID FROM (m) TO (m) INTERVAL (m)(i) Cu (%) Au (g/t)
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ZY-09-13 3.0 428.0 425.0 0.15 0.09
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including 255.0 381.0 126.0 0.20 0.15
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ZY-09-14 3.0 276.0 273.0 0.23 0.15
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including 9.0 108.0 99.0 0.36 0.25
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including 33.0 93.0 60.0 0.44 0.30
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ZY-09-15 33.0 441.0 408.0 0.21 0.11
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including 87.0 153.0 66.0 0.33 0.20
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including 297.0 318.0 21.0 0.31 0.18
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ZY-09-16 30.0 369.0 339.0 0.23 0.13
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including 139.0 330.0 171.0 0.31 0.18
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including 201.0 279.0 78.0 0.41 0.26
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ZY-09-17 9.0 42.0 33.0 0.13 0.11
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(i) Intervals are core lengths and true widths may be less than reported
here.
Work on the Zymo property to date has confirmed the presence of a sulphide mineralized copper-gold system that is over 8 km long and 2 km wide and hosts several mineralized targets including the Hobbes and FM. Fill-in soil geochemical sampling was carried out on the URC target which lies 1.5 km west of the Hobbes Zone and confirmed a 1.5 km long coincident copper-gold anomaly. This target is beyond the end of the geophysical grid and prospecting found no outcrops, however, a sample of mineralized float returned 0.33% copper and 0.22 g/t gold. This target further expands the discovery potential of the property.
Canadian Gold Hunter has the option to earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. Canadian Gold Hunter may earn an additional 10% interest by completing a feasibility study and an additional 5% by arranging mine financing for Eastfield.
G.L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bob Johnston, P.Geol., also a qualified person within the context of National Instrument 43-101, supervised the project work in the field. Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-MS) Aqua Regia Digestion (1D) procedures, with gold and silver values determined using fire assay procedures."
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