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Canadian Gold Hunter Corp.: 2005 Winter Drilling Program Starts at Assean Lake Gold Project in Manitoba
Feb 7, 2005 - 04:34 ET
FOR FURTHER INFORMATION PLEASE CONTACT:
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2005) - Canadian
Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to announce that
drilling has commenced at the Company's Assean Lake gold project in
north-central Manitoba. Up to 2600 metres of diamond drilling is
scheduled for this program to test the depth extent of the high-grade
Hunt Zone as well as its strike extent to the west.
The Hunt Zone has been drilled to a depth of 300 metres in previous
programs and traced for 600 metres along strike, including a 100-metre
long high-grade, westerly plunging shoot with intervals up to 27.2 g/t
gold over 4.27m. The Hunt Zone is offset by a fault at a depth of about
the 250 metres. Three holes will be drilled below the fault at a depth
of 350 to 400 metres to test for the offset continuation of the Hunt
Zone at depth. In addition, several shallower holes are planned to test
the westerly strike extent of the Hunt Zone.
The Assean Lake project is an advanced exploration play with over $2.5
million dollars in drilling and surveying activity to date. The prime
exploration target at Assean Lake is shear-hosted gold associated with
gold-enriched sulphide iron formation, typical mineralization styles for
gold deposits on the Canadian Shield.
Six gold zones have been identified to date (both from historic and
current exploration programs) on the Company's property over a
12-kilometre strike length. The gold zones occur along the Assean Lake
Shear Zone, a 200 kilometre long deformation zone similar to major shear
zones associated with important gold mining camps elsewhere on the
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.
ON BEHALF OF THE BOARD
Richard J. Bailes, President
Canadian Gold Hunter Corp.
(604) 689-4250 (FAX)