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Canadian Gold Hunter Corp.: First Results in from Summer Drill Program at GJ Project; Donnelly Copper-Gold Zone Expanded

Sep 7, 2006 - 03:35 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2006) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to provide an update on the current diamond drilling program on the GJ/Kinaskan copper-gold project in northern British Columbia.

The Company has received assay results for the first ten holes of a planned 50-hole, 15,000-metre diamond drill program. Holes 06-077, 079 and 080 successfully tested the shallow eastern extension of the Donnelly Zone. Hole 06-078 tested the eastern portion of the Donnelly at depth. Holes 06-081 to 086 tested the western portion of the Donnelly Zone at depth and to the west. Please see the attached table for complete results.

Copper-gold mineralization has now been traced for over a 1500-metre strike length on the Donnelly Zone from hole 04-076 in the west to hole 05-080 in the east. The zone dips steeply to the south, strikes east-west and is up to 300 metres thick. The holes are generally drilled at minus 45 degrees to the north in order to cut across the zone. Please see attached plan map.

A key objective of the program is to expand the known resources at the Donnelly Zone both at depth and on strike. An independent resource estimate (see table below) was commissioned following the 2005 program. This estimate will be updated upon completion of the current 2006 program.



2005 Donnelly Indicated Resources

--------------------------------------------------------------------
Cut off Cu Tonnes Cu Au Contained Cu Contained Au
(%) (000,000) (%) (g/t) (million lbs) (million ozs)
--------------------------------------------------------------------
0.15 104.09 0.349 0.356 801 1.19
--------------------------------------------------------------------
0.20(i) 91.73 0.373 0.381 754 1.12
--------------------------------------------------------------------
0.30 51.44 0.473 0.495 536 0.82
--------------------------------------------------------------------
0.40 28.73 0.575 0.610 364 0.56
--------------------------------------------------------------------

2005 Donnelly Inferred Resources

--------------------------------------------------------------------
Cut off Cu Tonnes Cu Au Contained Cu Contained Au
(%) (000,000) (%) (g/t) (million lbs) (million ozs)
--------------------------------------------------------------------
0.15 31.83 0.332 0.346 233 0.35
--------------------------------------------------------------------
0.20(i) 28.04 0.354 0.369 219 0.33
--------------------------------------------------------------------
0.30 14.41 0.459 0.496 146 0.23
--------------------------------------------------------------------
0.40 6.28 0.595 0.655 82 0.13
--------------------------------------------------------------------
(i) base case

 


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 focus of the 2006 drilling is porphyry style copper-gold mineralization associated with the Groat stock, a poorly exposed elongated stock of monzodiorite, which intrudes andesite and volcaniclastic sediments. Three mineralized zones have been discovered to date associated with the Groat stock: the Donnelly Zone, the GJ Zone and the North Zone. Significant gold-rich porphyry deposits that occur in the region are Red Chris: 446.1 million tonnes grading 0.36% copper and 0.29 g/t gold, and Galore Creek: 516.7 million tonnes grading 0.60% copper and 0.36 g/t gold.

CGH is engaged in gold exploration focused on Canadian projects. The Company has a 100% interest in the GJ/Kinaskan project. The Company will be drilling its Manson Creek gold project in central B.C. in the fall of 2006.

The Donnelly Zone resource estimate was prepared by qualified person, Dr. Giles Peatfield, P.Eng. using a manual sectional method, based on approximately 15,600 metres of diamond drilling in 56 holes with more than 5,000 samples assayed. Eleven of the core holes were drilled by Texasgulf Canada Ltd. ("Tg") in 1977 and 1980; this drilling was supervised by Dr. Peatfield. Eleven holes were drilled by the Company in 2004 and a further thirty-four in 2005. The assay results from the recent diamond drill programs were consistent with, and corroborated, the earlier work by Tg.

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.

ON BEHALF OF THE BOARD

Richard J. Bailes, President



------------------------------------------------------------------------
GJ PROJECT
------------------------------------------------------------------------

2006 Donnelly Zone Results

------------------------------------------------------------------------
Hole Inter-
Azi- Depth From To val
Drill North- muth/ (met- (met- (met- (met- Cu Au Ag
Hole Section ing Dip res) res) res) res) % g/t g/t
------------------------------------------------------------------------
------------------------------------------------------------------------
CGH- 10000E 10100N 358 137.2 18.0 85.0 67.0 0.474 0.395 2.3
06-077 degrees/
-45
degrees
------------------------------------------------------------------------
incl. 18.0 67.1 49.1 0.560 0.453 2.3
------------------------------------------------------------------------
CGH- 9700EE 9845N 358 527.3 326.1 429.8 103.7 0.052 0.409 1.1
06-078 degrees/
-60
degrees
------------------------------------------------------------------------
CGH- 10100E 10100N 178 237.7 18.0 97.5 79.5 0.279 0.138 1.7
06-079 degrees/
-45
degrees
------------------------------------------------------------------------
incl. 18.0 70.1 52.1 0.324 0.171 1.7
------------------------------------------------------------------------
CGH- 10100E 10100N 358 91.1 21.3 87.6 66.3 0.315 0.270 2.2
06-080 degrees/
-55
degrees
------------------------------------------------------------------------
CGH- 8715E 10010N 358 478.5 353.6 393.2 39.6 0.229 0.188 2.6
06-081 degrees/
-55
degrees
------------------------------------------------------------------------
CGH- 9190E 9890N 358 408.4 192.0 329.2 137.2 0.232 0.292 2.2
06-082 degrees/
-50
degrees
------------------------------------------------------------------------
incl. 253.0 309.6 56.6 0.284 0.495 3.1
------------------------------------------------------------------------
CGH- 8630E 9947N 358 503.2 381.1 503.2 122.1 0.304 0.312 2.3
06-083 degrees/
-47
degrees
------------------------------------------------------------------------
incl. 381.1 448.1 67.0 0.405 0.383 3.4
------------------------------------------------------------------------
CGH- 8950E 9860N 358 536.5 149.3 451.0 301.7 0.204 0.268 1.2
06-084 degrees/
-50
degrees
------------------------------------------------------------------------
incl. 155.4 206.7 51.3 0.293 0.392 0.6
------------------------------------------------------------------------
and incl. 360.3 451.0 90.7 0.334 0.446 1.6
------------------------------------------------------------------------
CGH- 8540E 10056N Did The
06-085 not zone
reach
------------------------------------------------------------------------
CGH- 8950E 9712N 358 621.8 313.9 573.0 259.1 0.221 0.275 1.2
06-086 degrees/
-52
degrees
------------------------------------------------------------------------
incl. 365.8 378.0 12.2 0.587 0.562 2.0
------------------------------------------------------------------------
and incl. 429.8 536.5 106.7 0.279 0.335 1.4
------------------------------------------------------------------------

 


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)
www.canadiangoldhunter.com


 

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