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Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.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 Reports Additional Encouraging Drill Results in the Donnelly Zone at GJ

Dec 5, 2007 - 01:19 ET
View News Release in PDF Format


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2007) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to provide a further update on the diamond drilling program on the GJ/Kinaskan copper-gold project in northern British Columbia.

The drilling program was completed on September 23rd and consisted of 80 holes totaling 15,834 metres. The Company reported assay results for the first 28 holes in a news release dated September 11th. This release includes results from a further 24 holes leaving an additional 28 holes to be reported as the results become available. To view the map accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/CGH%20Map.JPG

On the Donnelly Zone, highlights include drill hole 07-167, which intersected 96.53 metres grading 0.50% copper and 1.81 g/t gold, drill hole 07-171, which intersected 103.6 metres grading 0.58% copper and 0.79 g/t gold, drill hole 07-185, which intersected 94.5 metres grading 0.57% copper and 0.74 g/t gold and drill hole 07-192, which intersected 106.7 metres grading 0.61% copper and 0.57 g/t gold.

"We are very encouraged by the tenor of the copper and gold assays from the Donnelly Zone," stated Rick Bailes, President of the Company. "This higher grade material is near surface and is easily accessible."

The focus of the 2007 drilling is porphyry-style, copper-gold mineralization associated with the Groat stock, a poorly exposed elongated stock of monzodiorite, which intruded andesite and volcaniclastic sediments. Four mineralized zones have been discovered associated with the Groat stock: the Donnelly Zone, the North Donnelly Zone, the GJ Zone and the North Zone. The property is easily accessed, lying about 10 kilometres from the Stewart Cassiar highway.

CGH is engaged in gold exploration focused on North American projects. The Company has a 100% interest in the GJ/Kinaskan project. The Company is currently drilling its Manson Creek gold project in central B.C. and its Caballo Blanco gold project in Veracruz State Mexico.

The 2007 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
---------------------------------------------------------------------------

2007 Donnelly Zone Results

---------------------------------------------------------------------------
Hole Inter-
Depth From To val
Drill Azimuth (met- (met- (met- (met- Cu Au Ag
Hole Section Northing /Dip res) res) res) res) % g/t g/t
---------------------------------------------------------------------------
CGH 425530E 6391100N 360 deg. 131.06 16.25 112.78 96.53 0.499 1.809 3.0
-07 /-65 deg.
-167
---------------------------------------------------------------------------
Incl. 97.54 100.58 3.04 0.248 42.40 12.3
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425530E 6391100N 180 deg. 115.82 18.00 73.15 55.15 0.563 0.421 3.8
-07 /-60 deg.
-168
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425480E 6391050N 360 deg. 137.16 12.40 112.78 100.38 0.539 0.452 3.9
-07 /-45 deg.
-169
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425430E 6391100N 360 deg. 158.5 12.19 131.06 118.87 0.449 0.492 2.2
-07 /-70 deg.
-170
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425430E 6391100N 180 deg. 121.92 18.29 121.92 103.63 0.575 0.782 4.4
-07 /-45 deg.
-171
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425380E 6391084N 360 deg. 140.20 18.29 131.06 112.77 0.348 0.322 2.2
-07 /-45 deg.
-173
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425380E 6390947N 360 deg. 274.32 97.54 259.08 161.54 0.316 0.588 3.9
-07 /-45 deg.
-175
---------------------------------------------------------------------------
Incl. 128.02 158.50 30.48 0.493 1.061 4.7
---------------------------------------------------------------------------
and 195.07 228.60 33.53 0.415 0.948 4.4
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424490E 6391092N 357 deg. 484.63 12.19 246.89 234.70 0.308 0.293 1.9
-07 /-45 deg.
-177
---------------------------------------------------------------------------
Incl. 164.59 246.89 82.30 0.552 0.441 2.1
---------------------------------------------------------------------------
and 429.77 484.63 54.86 0.243 0.289 2.4
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425330E 6391150N 360 deg. 115.82 18.29 112.00 93.71 0.489 0.642 2.7
-07 /-75 deg.
-178
---------------------------------------------------------------------------
Incl. 18.29 91.44 73.15 0.539 0.755 3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425330E 6391100N 360 deg. 234.70 12.19 231.65 219.46 0.408 0.343 2.3
-07 /-80 deg.
-179
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425330E 6391050N 180 deg. 131.06 9.14 131.06 121.92 0.290 0.701 3.6
-07 /-80 deg.
-180
---------------------------------------------------------------------------
Incl. 76.20 131.06 54.86 0.308 1.106 4.1
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425280E 6391050N 360 deg. 216.41 12.19 204.22 192.03 0.320 0.294 2.0
-07 /-45 deg.
-181
---------------------------------------------------------------------------
Incl. 97.54 204.22 106.68 0.393 0.374 2.4
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425230E 6391110N 360 deg. 307.85 9.14 298.70 289.56 0.336 0.305 2.2
-07 /-75 deg.
-183
---------------------------------------------------------------------------
Incl. 73.15 225.55 152.40 0.421 0.335 2.2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425230E 6391186N 360 deg. 158.50 18.29 128.02 109.73 0.540 0.672 2.4
-07 /-75 deg.
-185
---------------------------------------------------------------------------
Incl. 33.53 128.02 94.49 0.572 0.736 2.6
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425230E 6391060N 180 deg. 179.83 4.5 146.52 141.92 0.252 0.237 2.2
-07 /-75 deg.
-188
---------------------------------------------------------------------------
Incl. 109.73 124.97 15.24 0.505 0.563 3.6
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425150E 6391150N 180 deg. 232.25 12.40 232.25 219.85 0.273 0.383 2.6
-07 /-80 deg.
-190
---------------------------------------------------------------------------
Incl. 42.67 225.55 182.88 0.276 0.404 2.8
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 425150E 6391200N 360 deg. 204.22 12.19 201.17 188.98 0.488 0.499 2.5
-07 /-75 deg.
-192
---------------------------------------------------------------------------
Incl. 12.19 118.87 106.68 0.611 0.570 3.2
---------------------------------------------------------------------------


---------------------------------------------------------------------------

2007 North Donnelly Zone Results

---------------------------------------------------------------------------
Hole Inter-
Depth From To val
Drill Azimuth (met- (met- (met- (met- Cu Au Ag
Hole Section Northing /Dip res) res) res) res) % g/t g/t
---------------------------------------------------------------------------
CGH 423810E 6391266N 357 deg. 237.74 51.82 64.01 12.19 0.375 0.498 2.4
-07 /-45 deg.
-172
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 423910E 6391383N 357 deg. 131.06 94.49 109.73 15.24 0.063 0.262 0.5
-07 /-45 deg.
-174
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424010E 6391456N 357 deg. 152.40 4.57 137.16 132.59 0.119 0.141 1.4
-07 /-50 deg.
-176
---------------------------------------------------------------------------
Incl. 121.92 134.11 12.19 0.316 0.323 2.1
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424490E 6391260N 357 deg. 295.66 25.77 42.67 16.90 0.990 1.251 3.0
-07 /-45 deg.
-182(i)
---------------------------------------------------------------------------
and 97.54 121.92 24.38 0.178 0.176 2.0
---------------------------------------------------------------------------
and 198.12 231.65 33.53 0.335 0.475 2.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424606E 6391480N 177 deg. 198.12 15.50 198.12 182.62 0.136 0.201 1.1
-07 /-60 deg.
-184
---------------------------------------------------------------------------
Incl 67.06 121.92 54.86 0.246 0.338 1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424664E 6391497N 360 deg. 158.50 24.45 152.40 127.95 0.126 0.160 1.0
-07 /-45 deg.
-186
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CGH 424715E 6391497N 180 deg. 152.40 31.98 137.16 105.18 0.217 0.291 1.7
-07 /-70 deg.
-187
---------------------------------------------------------------------------
(i) Note that the upper intersection is from the Donnelly Zone

FOR FURTHER INFORMATION PLEASE CONTACT:

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


 

Contact