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Canadian Gold Hunter Corp.: Surface Sampling on GJ Zone Yields 0.43% Copper and 0.92 g/t Gold Over 38.0 Metres

Nov 17, 2005 - 02:52 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2005) - Canadian Gold Hunter Corp. (the "Company")(TSX:CGH) is pleased to provide the final results of the 2005 diamond drilling and surface sampling program on the GJ/Kinaskan copper-gold project in northern British Columbia. All assays have been received. The final Donnelly Zone results were summarized in a separate news release dated November 2, 2005. This news release will discuss the results of the drilling and surface sampling on the GJ Zone, the drilling on the North Zone and reconnaissance targets as well as confirmation sampling of drill core from selected portions of historic holes drilled by Texasgulf on the Donnelly Zone, and Amoco and Canorex on the GJ Zone.

On the GJ Zone, eight holes totaling 2,336 metres were drilled in 2005. In addition, continuous chip samples from hand-dug trenches were taken over the original GJ showing in Groat Creek. The best results were from hole CGH - 05 - 48, which intersected 41.83 metres grading 0.456% copper and 1.272 g/t gold, and from trench TR - 05 - 4, which returned 0.43% copper and 0.92 g/t gold over 38.0 metres.

In addition, recoverable portions of the drill core from historic GJ drilling by Amoco (AM series)and Canorex (CA series) were re-sampled and the results compared to the original assays. The re-sampling of the historic core showed that the new copper assays correlate very well with the original copper values obtained by Canorex and Amoco. However the gold and silver values do not correlate well. The Company has concluded that the historic copper values are valid but that the gold and silver values are not. The results of the 2005 drill program and the historic copper intercepts are shown in Table 1.

Thirteen holes totaling 3,045 metres were drilled on reconnaissance targets and in the North Zone. Some encouraging mineralization was encountered that will warrant follow up drilling; however no "economic" grades were encountered.

On the Donnelly Zone, re-sampling of recoverable portions of the remaining core from the historic Texasgulf holes (TG series) resulted in excellent correlation between the historic and the re-sampling results for copper and gold. The Company has concluded that the historic results for both copper and gold are valid for the Texasgulf holes on the Donnelly. These historic results are summarized in Table 2.

The Donnelly and GJ Zones are part of a very large intense sulphide system that occurs along the southern flank of the Groat stock. This sulphide system, as defined by geophysics, is at least four kilometres by one kilometre in extent and is open-ended. Within the sulphide system, almost continuous copper-gold mineralization has been traced for about 2.5 kilometres from the east end of the GJ Zone to the west end of the Donnelly Zone. Hole 05-076, the last hole of the 2005 program located on the most westerly section on the Donnelly Zone, intersected an intensely altered and mineralized quartz stockwork that graded 0.83 % copper and 1.32 g/t gold over 46.95 metres. Rick Bailes, president of the Company commented, "This is the best looking mineralization that we have seen so far on the property. It appears that the mineralization is getting stronger to the west and is open-ended."

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 occurrences. The Company has a 100% interest in the GJ/Kinaskan project.

The 2005 drill program and sampling protocol are being supervised by qualified person David Mehner, P.Geo., Project Geologist for Canadian Gold Hunter. Appropriate quality control and quality assurance protocols are utilized on the program. Standard reference samples are inserted in each batch of assays. The Canadian Gold Hunter drill samples are analyzed for gold by fire assay and for copper and silver by "ICP" at ALS Chemex in North Vancouver, B. C., Canada. Drill core samples are prepared and analyzed by ALS Chemex in accordance with industry standards. Drill results and technical data are reviewed by Dr. Giles Peatfield, P.Eng., a Qualified Person pursuant to NI 43-101, prior to release. Dr. Peatfield is independent of the Company.

ON BEHALF OF THE BOARD

Richard J. Bailes, President



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TABLE 1 GJ/KINASKAN PROJECT: 2005 and Historic GJ Zone Results

Drill Hole/ Depth
Trench Section Northing Azimuth/Dip (metres)
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AM - 71 - 06 10025E 441 000 degrees/-90 degrees 292.9
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TR - GJ - 05 - 4 10172E 419 330 degrees/-00 degrees 60.5
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TR - GJ - 05 - 4a 10160E 440 265 degrees/+15 degrees 31.65
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AM - 70 - 01 10162 438 180 degrees/-60 degrees 301.14
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AM - 70 - 02 10161 439 000 degrees/-90 degrees 305.10
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AM - 70 - 03 10163 438 090 degrees/-60 degrees 304.50
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AM - 70 - 04 10163 442 000 degrees/-60 degrees 306.63
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AM - 70 - 05 10159 438 270 degrees/-60 degrees 312.72
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CGH - 05 - 071 10141E 662 175 degrees/-55 degrees 477.62
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AM - 71 - 15 10279 443 000 degrees/-90 degrees 230.73
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CA - 81 - 03 10460E 453 005 degrees/-45 degrees 241.40
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CA - 81 - 07 10463 548 180 degrees/-60 degrees 245.36
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CGH - 05 - 048 10461E 468 000 degrees/-90 degrees 293.83
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CGH - 05 - 050 10460E 468 180 degrees/-45 degrees 213.36
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CGH - 05 - 052 10459E 650 185 degrees/-60 degrees 356.62
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CA - 81 - 01 10596E 610 180 degrees/-45 degrees 262.43
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CA - 81 - 06 10580E 674 180 degrees/-45 degree s 303.89
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CA - 81 - 05 10648E 368 000 degrees/-45 degrees 256.64
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CA - 81 - 02 10712E 488 180 degrees/-45 degrees 303.89
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CGH - 05 - 058 10731E 633 180 degrees/-45 degrees 298.09
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CGH - 05 - 061 10834E 626 180 degrees/-45 degrees 264.26
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CGH - 05 - 063 10794E 407 180 degrees/-45 degrees 235.61
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CGH - 05 - 065 11155E 466 180 degrees/-45 degrees 197.20
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Drill Hole/ From To Interval Cu Au Ag
Trench (metres) (metres) (metres) % g/t g/t
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AM - 71 - 06 104.24 207.87 103.63 0.25 - -
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TR - GJ - 05 - 4 0 60.5 60.50 0.33 0.70 0.8
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Incl. 0 38.0 38.00 0.43 0.92 0.9
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TR - GJ - 05 - 4a 0 31.65 31.65 0.65 1.95 2.0
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AM - 70 - 01 2.44 109.73 107.29 0.27 - -
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AM - 70 - 02 2.44 164.59 162.15 0.36 - -
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Incl. 48.77 146.30 97.53 0.47 - -
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AM - 70 - 03 4.27 118.87 114.60 0.26 - -
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AM - 70 - 04 2.44 121.92 119.48 0.17 - -
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AM - 70 - 05 1.52 143.26 141.74 0.33 - -
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Incl. 79.25 121.92 42.67 0.56 - -
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CGH - 05 - 071 246.44 355.70 109.26 0.093 0.200 0.9
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AM - 71 - 15 51.82 118.87 67.05 0.22 - -
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CA - 81 - 03 51.82 73.15 21.33 0.14 - -
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CA - 81 - 07 115.82 192.02 76.20 0.36 - -
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CGH - 05 - 048 20.73 170.08 149.35 0.185 0.454 1.2
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Incl. 125.2 167.03 41.83 0.456 1.246 2.7
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CGH - 05 - 050 87.17 154.23 67.06 0.115 0.282 1.3
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CGH - 05 - 052 273.41 303.89 30.48 0.067 0.135 0.6
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CA - 81 - 01 115.82 207.26 91.44 0.22 - -
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CA - 81 - 06 277.37 292.61 15.24 0.16 - -
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CA - 81 - 05 85.34 188.98 103.64 0.32 - -
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CA - 81 - 02 18.29 67.06 48.77 0.11 - -
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CGH - 05 - 058 197.21 206.35 9.14 0.523 1.523 3.0
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And 206.35 245.97 39.62 0.096 0.169 0.7
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CGH - 05 - 061 178.91 218.54 39.63 0.077 0.150 0.5
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CGH - 05 - 063 2.60 89.30 86.70 0.065 0.104 0.8
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CGH - 05 - 065 38.70 78.33 39.63 0.141 0.224 1.6
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TABLE 2 GJ/KINASKAN PROJECT: Historic Donnelly Zone Results

Drill Hole/ Depth
Trench Section Northing Azimuth/Dip (metres)
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TG - 77 - 01 8828E 1221 000 degrees/-45 degrees 163.4
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TG - 77 - 02 8922E 1161 000 degrees/-45 degrees 172.5
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TG - 77 - 03 8805E 1162 000 degrees/-45 degrees 160.3
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TG - 77 - 04/11 8930E 861 000 degrees/-45 degrees 328.5
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TG - 77 - 08 9043E 1165 000 degrees/-45 degrees 181.70
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TG - 80 - 13 8927E 923 000 degrees/-45 degrees 239.30
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TG - 80 - 14 8987E 927 000 degrees/-45 degrees 231.60
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TG - 80 - 15 8929E 801 000 degrees/-45 degrees 278.90
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Drill Hole/ From To Interval Cu Au Ag
Trench (metres) (metres) (metres) % g/t g/t
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TG - 77 - 01 36.9 84.0 47.1 0.69 0.83 -
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TG - 77 - 02 89.0 155.0 66.0 0.52 0.47 -
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TG - 77 - 03 93.0 132.0 39.0 0.47 0.49 -
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And 132.0 160.3 28.3 0.29 - -
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TG - 77 - 04/11 141.0 209.0 68.0 0.69 1.89 -
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TG - 77 - 08 117.0 171.0 54.0 0.28 - -
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TG - 80 - 13 153.0 183.0 30.0 0.17 0.10 -
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TG - 80 - 14 60.0 171.0 111.0 0.35 0.44 -
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Incl. 96.0 153.0 57.0 0.46 0.64
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TG - 80 - 15 231.0 252.0 21.0 0.24 0.20 -
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FOR FURTHER INFORMATION PLEASE CONTACT:

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


 

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