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Canadian Gold Hunter Announces 100 Metre Extension of the Donnelly Zone to the East at the GJ/Kinaskan Project

Nov 2, 2006 - 09:30 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2006) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to announce additional results from the summer diamond drill program on the GJ/Kinaskan copper-gold project in northern British Columbia. Holes CGH-06-122 and 123 have extended the Donnelly Zone an additional 100 metres to the east where the zone is very shallow and "airing out". The Donnelly Zone copper-gold mineralization has now been traced for 1770 metres in an east-west direction from hole 06-104 in the west to hole 06-123 in the east.

In addition, deep drilling on the western and central portions of the Donnelly Zone continues to intersect broad zones of copper-gold mineralization at depth. Hole CGH-110 intersected 256.0 metres grading 0.211% copper and 0.354 g/t gold.

Results have also been received for reconnaissance holes CGH-06-109, 111-121 & 124. These holes were all drilled to test IP anomalies and, although none of them intersected significant mineralization, a number did intersect altered rocks with anomalous gold and copper values, which warrant follow up.

The drill program on the Donnelly Zone, the Donnelly North Zone and reconnaissance targets was completed on September 30th. This program totaled 18,133 metres in 62 drill holes. Assay results from 48 drill holes have been reported leaving an additional 14 holes to report. It is expected that complete results will be available in about three weeks.

CGH is engaged in gold exploration focused on Canadian projects. The Company has a 100% interest in the GJ/Kinaskan project.

The Company also completed drilling its Manson Creek gold project in central B.C. on October 21st. Assay results from Manson Creek are not expected until early December as the assay lab is still backlogged.

The 2006 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. True thicknesses are not accurately known at this time; in some cases they may be less than the core lengths reported.

This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

ON BEHALF OF THE BOARD

Richard J. Bailes, President



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GJ PROJECT
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2006 Donnelly Zone Results
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Hole Inter-
Azim- Depth From To val
Drill Sect- North- uth/ (met- (met- (met- (met- Cu Au Ag
Hole ion ing Dip res) res) res) res) % g/t g/t
---------------------------------------------------------------------------
CGH-06- 8545E 9890N 357 499.9 No significant intercepts
105 degrees/
-45
degrees
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 9060E 10170N 360 207.3 100.6 176.8 76.2 0.244 0.167 2.4
106 degrees/
-45
degrees
---------------------------------------------------------------------------
incl. 155.5 176.8 21.3 0.411 0.184 4.8
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 9290E 9745N 347 451.1 348.6 438.9 90.3 0.202 0.290 1.9
107 degrees/
-50
degrees
---------------------------------------------------------------------------
incl. 402.3 429.8 27.4 0.325 0.432 2.3
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 9430E 9920N 353 439.4 118.9 374.9 256.0 0.200 0.261 2.3
108 degrees/
-60
degrees
---------------------------------------------------------------------------
incl. 271.3 374.9 103.6 0.276 0.406 3.2
---------------------------------------------------------------------------
and incl. 344.4 374.9 30.5 0.397 0.685 3.2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 9570E 9885N 359 470.9 189.0 445.0 256.0 0.211 0.354 2.1
110 degrees/
-50
degrees
---------------------------------------------------------------------------
incl. 262.1 326.1 64.0 0.287 0.553 2.7
---------------------------------------------------------------------------
and incl. 405.4 445.0 39.6 0.370 0.497 2.7
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 10200E 10080N 178 89.9 18.4 42.1 23.8 0.222 0.086 1.4
122 degrees/
-45
degrees
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH-06- 10200E 10090N 359 75.3 30.9 52.8 21.9 0.267 0.274 1.6
123 degrees/
-45
degrees
---------------------------------------------------------------------------

 


NOTE: Location map available from the company at the number listed below or on the company's website at http://www.canadiangoldhunter.com.         
FOR FURTHER INFORMATION PLEASE CONTACT:

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


 

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