Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.
Canadian Gold Hunter Commences Drill Program at Manson Creek Gold Project
Oct 16, 2006 - 10:22 ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 16, 2006) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to announce that the fall drill program has commenced on its Manson Creek gold project in central British Columbia. A total of 1,700 metres of diamond drilling is planned in ten holes.
The holes are designed to follow up encouraging results from the 2004 and 2005 programs, which include 141 metres grading 0.78 g/t gold in hole 04-003, 70 metres grading 0.69 g/t gold in hole 04-005 and 137 metres grading 0.58 g/t gold in hole 05-007.
The Manson Creek property is underlain by a broad soil and rock gold geochemical anomaly and partly coincident IP chargeability anomaly. These anomalies occur within strongly pyritic, carbonate-altered and quartz-veined greywackes, which crop out over a large area.
The primary target at Manson Creek is a large, low-grade gold system. The geology is similar to the Spanish Mountain property being explored by Skygold Ventures and Wildrose Resources. The Manson Creek Property is located in one of British Columbia's oldest placer gold camps, the source of which could be the Company's Property. The Company has a 100% working interest in the Property.
Drill core was prepared and analyzed by ALS Chemex in accordance with industry standards. Drill results and technical data were reviewed by J. E. Christoffersen, P. Eng., a Qualified Person pursuant to NI 43-101. Intervals listed above are for core lengths assayed.
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian Gold Hunter Corp.
(604) 689-4250 (FAX)