Canadian Gold Hunter Corp

Published : September 09th, 2008

ANNOUNCES DRILLING UNDERWAY AT ZYMO COPPER/GOLD PROJECT, B.C - News Release

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CANADIAN GOLD HUNTER ANNOUNCES DRILLING UNDERWAY

AT ZYMO COPPER/GOLD PROJECT, B.C.

 

September 9, 2008 (CGH ? TSX)? Canadian Gold Hunter Corp. (the ?Company?) and Eastfield Resources Ltd. (?Eastfield?) are pleased to report that drilling is underway on the Zymo copper-gold property 45 km west of Smithers, BC. Exploration on the project has been ongoing since late June in preparation for the drill program. This work has included geochemical sampling, IP geophysical surveying and geological mapping.

 

The drilling program will total approximately 1,500 metres in 6 holes and will focus on the newly discovered Hobbes target located 4.5 km northwest of the original discovery area (FM grid). The Hobbes target consists of copper-gold mineralization associated with magnetite and quartz stockwork. Mineralized outcrops have been observed along the length of a strongly altered intrusion for approximately 800 m. Copper and gold values from outcrop samples range from background levels to 0.86% Cu and 1.1 g/t Au.

 

The IP geophysical survey is nearing completion and has shown that mineralization is associated with a very large sulphide system. The IP anomalies on the FM and Hobbes grids are approximately 2.5 km wide and are open-ended (2.0 km long on FM and 1.5 km long on Hobbes). Two lines are being surveyed between the grids to determine if the anomalies join.

 

CGH can earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. CGH 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. R.J. Johnston, P.Geo, who is a qualified person within the context of National Instrument 43-101, is supervising the exploration program on the Zymo property.  Analyses were performed by Acme Analytical Laboratories, a certified facility located in Vancouver, BC, using multi-element (ICP-ES) procedures, with gold and silver determined by fire assay procedures.

 

 

 

ON BEHALF OF THE BOARD

 

?Richard J. Bailes?

President

 

For further information, please contact:

Sophia Shane, Corporate Development (604) 689-7842

 

 

 

Canadian Gold Hunter Corp

EXPLORATION STAGE
CODE : CGH.TO
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Canadian Gold is a gold exploration company based in Canada.

Canadian Gold holds various exploration projects in Argentina and in Canada.

Its main exploration properties are MANSON CREEK , ASSEAN LAKE, ZYMO, ASSEAN LAKE and KINASKAN LAKE in Canada, FILO DEL SOL, CERRO CUADRADO and JOSEMARIA in Argentina and LOS HELADOS in Chile.

Canadian Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 38.4 millions as of today (US$ 37.9 millions, € 25.8 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.74, and its lowest recent point on December 12, 2008 at CA$ 0.17.

Canadian Gold has 58 108 000 shares outstanding.

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4/11/2011INFO OUT (GOLD): DJI.V/DJIFF.OTC - DAJIN RESOURCES - CANADIA...
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11/13/2008(Zymo)72 METRES GRADING 0.72% COPPER AND 0.54 G/T GOLD AT ZYMO PRO...
9/9/2008(Zymo)ANNOUNCES DRILLING UNDERWAY AT ZYMO COPPER/GOLD PROJECT, B.C...
7/2/2008(Zymo)CREW MOBILIZED TO ZYMO COPPER-GOLD PROPERTY, BC
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