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Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.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.: 2005 Winter Drilling Program Starts at Assean Lake Gold Project in Manitoba

Feb 7, 2005 - 04:34 ET


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 Canadian Shield.

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


FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian Gold Hunter Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
www.canadiangoldhunter.com


 

Contact