UPDATE – CABALLO BLANCO
GOLD PROJECT
VERACRUZ STATE, MEXICO
September 21, 2007 (CGH
– TSX)… Canadian Gold Hunter Corp. (the “Company”) is
pleased to provide an update on the Caballo Blanco gold project, well located
on the gulf coast 70 kilometers north of the port city of Veracruz, Mexico. The
property sits at the extreme eastern limit of the Trans-Mexican Volcanic Belt
(TMVB). The TMVB hosts several large precious-metal and base-metal deposits.
The large Caballo Blanco
property is highly prospective for two deposit types – high-sulphidation
epithermal gold and porphyry copper-gold. Exploration work over the spring and
summer months has consisted of geological mapping, I.P. and geochemistry, with
a primary purpose of fine tuning drill targets. An aerial photo survey has been
carried out and will provide excellent ground control for on-going surface
programs. Road construction for drill access has begun and core drilling of a
minimum 5,000 meters is planned to commence in late October.
Three principal targets will
be the focus of drilling – the high-sulphidation Northern and Highway
zones and the Central Grid Zone, a copper-gold porphyry system.
Northern Zone: The Northern Zone
is defined by extensive vuggy silica/alunite/clay alteration and siliceous
hydrothermal breccias carrying variable amounts of gold within an area of 20
sq. km. The key target within the zone is well defined by an N-S elongated,
gold-soil geochemical anomaly (up to 1,580 ppb Au) 1,100 meters in length and
coincident with a very strong resistivity high. In the central part of these
coincident anomalies, core drilling from one collar site by a previous operator
returned gold grades up to 1.14 grams/tonne (g/t) gold over 108 meters. The
Northern Zone is the primary target for this fall’s drilling program.
Highway Zone: The Highway Zone,
four km. south of the Northern Zone, is also defined by extensive vuggy
silica/alunite/clay alteration. A recently completed geochemical survey
outlined strong gold soil anomalies (up to 350 ppb Au) over an N-S distance of
three km. Some of these anomalies remain open and require additional sampling
prior to drilling.
Central Grid Zone: The Central Grid
Zone is a Cu-Au porphyry target with past drill intercepts of up to 0.34% Cu
and 0.84 g/t Au over 56 meters. Geological mapping in the spring of 2007
identified an entirely new copper-bearing, altered and stockwork zone two km
northwest of any previous drilling. The alteration/stockwork zone is marked by
a distinct Cu-Au-Mo soil anomaly and lies within a circular I.P. anomaly two km
in diameter. This new porphyry target will be drilled once road access is
gained to the area.
Canadian Gold Hunter Corp. can
earn a 70% interest in the project from Almaden Minerals Ltd. by spending
US$12,000,000 over six years.
ON BEHALF OF THE BOARD
“Richard J.
Bailes”
President
For further information please contact Sophia Shane, Corporate
Development, tel: 604 689 7842
