Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.
Canadian Gold Hunter Update on Caballo Blanco Exploration Program
Jul 10, 2007 - 11:58 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2007) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to announce that Almaden Minerals Ltd. ("Almaden") has completed a property wide exploration program on the Caballo Blanco project, Mexico. This program was managed by Almaden and commenced prior to the formation of an option agreement whereby the Company can acquire a 70% interest in the property (see Almaden news release of April 17, 2007). Future work on the Caballo Blanco project will be managed by the Company.
The work program consisted of detailed geologic and alteration mapping, rock chip sampling, grid soil and geophysical surveys and stream sediment sampling. In total 60.5 kilometers of Induced Polarization ("IP") and ground magnetic geophysics was completed and roughly 2,650 soil samples were taken.
The data is presently being compiled by both companies. Some geochemical results are still awaited from the laboratory. Results will be released as they are interpreted and compiled.
The geophysical and geochemical data collected in this program will be invaluable in targeting drill holes to follow up on encouraging drill results from earlier drill programs on the property. The Company plans to carry out a CSAMT survey to further refine the IP targets prior to commencement of drilling in the fall.
The rock, soil and stream sediment samples were prepared and analyzed by ALS Chemex laboratories of North Vancouver using industry standard fire assay, ICP and wet geochemical techniques. Standards and blanks were included in the rock sample shipments as part of an ongoing quality control program. Morgan Poliquin, M.Sc., P. Eng., a director of Almaden, is the qualified person reviewing the technical information in this news release under the meaning of National Instrument 43-101.
ON BEHALF OF THE BOARD
Richard J. Bailes, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian Gold Hunter Corp.
(604) 689-4250 (FAX)