NGEx Resources Inc.
The NGEx District

Chile's Biggest New Copper-Gold Camp

News

Investors

News


Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.

Canadian Gold Hunter Corp.: Final Assays from Assean Lake Winter Drill Program

Apr 21, 2004 - 02:52 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 21, 2004) - (CGH - TSX) ... Canadian Gold Hunter Corp. (the "Company") is pleased to report final results from the 4,237 metre drilling program at Assean Lake in north-central Manitoba. The 2004 winter drill program has not only expanded the high grade Hunt Zone but has discovered a new gold zone in the footwall of the Hunt Zone (referred to as Hunt B).

The main Hunt Zone demonstrates good continuity and predictability. Early in the program the geometry of a deep fault structure was resolved, providing a much greater understanding of the plunge and dip of the Zone. The Zone plunges to the west, is flattening and is open both to the west and at depth (see accompanying long section: http://www2.cdn-news.com/database/fax/2000/0421cgh.jpg).

The two Hunt holes reported herein, HT-158 and HT-161, intersected the Hunt B Zone, which is associated with abundant crystalline arsenopyrite, similar to nearby holes higher in the section in the western part of the main Hunt Zone.

Assays are listed in table form below for these last two drill holes in the Hunt Zone and plotted on the accompanying long section. Two reconnaissance holes from the north shore of Assean Lake are also listed.

------------------------------------------------------------------------
                           Azimuth/   Interval   Length    Gold 
Hole No.       Collar         Angle         (m)   (m)(i)   (g/t)    Zone
------------------------------------------------------------------------
HT-04-158   1550E/00N  333 degrees/    169.30-    13.20    0.43     Hunt
                        -60 degrees     182.50
------------------------------------------------------------------------
 including                             172.28-     1.72    1.40
                                        174.00
------------------------------------------------------------------------
 including                             180.00-     2.50    0.87
                                        182.50
------------------------------------------------------------------------
 and                                   203.15-     3.15    2.85   Hunt B
                                        206.30 
------------------------------------------------------------------------
 including                             204.10-     1.10    4.89
                                        205.20
------------------------------------------------------------------------
HT-04-161  1500E/025S  333 degrees/    193.20-     7.90    3.17   Hunt B
                        -60 degrees     201.10
------------------------------------------------------------------------
 including                             196.55-     1.75    7.73
                                        198.30
------------------------------------------------------------------------
HT-04-140   6800W/025  343 degrees/    118-40-     0.30    1.15    Recon
                        -44 degrees     118.70              (ii)
------------------------------------------------------------------------
HT-04-150  8000W/100N  343 degrees/     80.95-     4.45    1.18
                        -63 degrees      85.40
------------------------------------------------------------------------
 including                              80.95-     2.05    2.20
                                         83.00
------------------------------------------------------------------------

(i) True widths are 80% to 85% of the reported lengths.
(ii) Includes 39.5 g/t Ag and 0.99% Pb.

A 4000-metre summer drill program, anticipated to start up in July, 2004, is planned to follow up on the excellent results from the winter drill program (please refer to earlier news releases dated March 26 and April 7, 2004). This coming campaign will focus entirely on further defining the depth extensions of the Hunt Zone.

The Assean Lake Project is a 60/40 joint venture between Canadian Gold Hunter and Rare Earth Metals Corp.

Drill results and technical data have been reviewed by Jan Christoffersen, P.Eng., a Qualified Person pursuant to NI-43-101. The mineralized drill core intervals are split in the field and sent to ALS Chemex in Vancouver for analysis. The intervals containing visible gold are assayed by fire-assay procedure for metallics gold. This procedure involves pulverizing a one-kg sample and passing the prepared pulp through a 150 mesh (106 micron) screen. The +150 mesh material is analyzed in its entirety by fire assay. The -150 mesh material is homogenized and a 50-gram subsample is assayed by fire assay with gravimetric finish. The samples from sections that did not contain visible gold were fused by fire assay and analyzed by atomic absorption spectroscopy. A series of standards are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.

ON BEHALF OF THE BOARD

Richard J. Bailes, President


FOR FURTHER INFORMATION PLEASE CONTACT:

International Curator Resources Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.canadiangoldhunter.com



Contact