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Canadian Gold Hunter Announces Drilling Commences on GJ Project in B.C.
Jul 6, 2004 - 10:50 ET
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 6, 2004) - (CGH - TSX) Canadian Gold Hunter Corp. (the "Company") is pleased to announce the start of a 5000-metre diamond drill program on the GJ/Kinaskan gold-rich copper porphyry deposit in northern B.C.
The GJ/Kinaskan gold/copper property consists of a large claim group covering several significant porphyry copper-gold systems as well as a number of high-grade gold vein systems.
The focus of the summer drilling will be the Groat porphyry where copper-gold mineralization is associated with a poorly exposed elongated stock of monzodiorite, which intrudes andesite and volcaniclastic sediments. The mineralized zones are 250 to 750 metres in length and 50 to 100 metres in width. Some of the better drill intercepts from previous drill programs are 68.0 metres grading 1.9 g/t gold and 0.70% copper in the Donnelly Zone and 76.2 metres grading 1.37% g/t gold and 0.36% copper in the GJ Zone.
The Company carried out ground geophysical surveys (IP and magnetics) and geochemical sampling in the summer of 2003. The geophysics, in combination with geochemical data, outlined several attractive drill targets. Much of the drilling will be targeted on a new discovery on the northern boundary of the Groat Stock. This new zone is a very strong IP and copper-gold geochemical anomaly that is 1000 by 300 metres in aerial extent.
The exploration camp is now fully mobilized for the summer 2004 work program and drilling has commenced. Gold Hunter holds a 100% working interest in the project.
"The 2004 field season promises to be an exciting one" commented Rick Bailes, President of Canadian Gold Hunter. "The GJ drill program is one of five diamond drill programs that we are planning over the summer and fall of 2004. Drilling will commence in mid-July on the Assean Lake gold project in Manitoba, in early August on the Noomut gold project in Nunavut and in the early fall on the Bob Creek and Manson Creek gold projects in B.C."
ON BEHALF OF THE BOARD
Richard J. Bailes, President
Canadian Gold Hunter Corp.
(604) 689-4250 (FAX)