Post by fastwalker on Sept 22, 2004 15:49:51 GMT -5
:)Not a recommendation to buy...merely to review the stock in question...
Press Release Source: Canadian Gold Hunter Corp.
Canadian Gold Hunter Announces Additional Significant Copper-Gold Intercepts in the Donnelly Zone, GJ Project
Wednesday September 22, 3:40 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 22, 2004) - (CGH - TSX) ... Canadian Gold Hunter Corp. ("CGH" or the "Company") is pleased to provide the final drill results from the 4,267-metre summer diamond drilling program on the 100% owned GJ/Kinaskan bulk-tonnage copper-gold project in northern British Columbia. Please click on the following link to see the attached map and sections: www2.cdn-news.com/database/fax/2000/0922cdn.jpg
Copper-gold mineralization has been traced for over an 1100-metre strike length on the Donnelly Zone from Hole 04-015 in the west to Hole 04-20 in the east. The holes reported herein are 200 to 300-metre step outs. The mineralization at the Donnelly Zone is open along strike, at depth and to the north.
2004 Donnelly Zone Results
--------------------------------------------------------------------
Azmuth/ Hole
Section Drill dip Depth From To Interval Copper Gold
(metres) Hole (degrees) (m) (m) (m) (m) % g/t
--------------------------------------------------------------------
9800E 04-20 180/45 221.6 23.5 221.6 198.1 0.42 0.39
--------------------------------------------------------------------
including 23.5 87.0 63.5 0.52 0.51
--------------------------------------------------------------------
--------------------------------------------------------------------
04-19 360/45 382.1 237.0 345.0 108.0 0.28 0.25
--------------------------------------------------------------------
including 294.0 345.0 51.0 0.37 0.28
--------------------------------------------------------------------
--------------------------------------------------------------------
04-01(i) 360/45 261.2 36.0 261.2 225.2 0.37 0.29
--------------------------------------------------------------------
including 156.0 261.2 105.2 0.44 0.32
--------------------------------------------------------------------
--------------------------------------------------------------------
9600E 04-18 360/45 188.1 6.09 177.0 170.9 0.39 0.42
--------------------------------------------------------------------
including 42.0 159.0 117.0 0.46 0.51
--------------------------------------------------------------------
--------------------------------------------------------------------
04-03(i) 360/45 279.2 5.0 279.2 274.2 0.23 0.29
--------------------------------------------------------------------
including 177.0 279.2 102.2 0.27 0.32
--------------------------------------------------------------------
--------------------------------------------------------------------
9400E 04-02(i) 360/45 287.1 12.0 264.0 252.0 0.34 0.35
--------------------------------------------------------------------
including 60.0 228.0 168.0 0.41 0.44
--------------------------------------------------------------------
--------------------------------------------------------------------
9200E 04-17 360/45 224.6 6.09 87.0 80.9 0.34 0.38
--------------------------------------------------------------------
including 42.0 78.0 36.0 0.52 0.64
--------------------------------------------------------------------
--------------------------------------------------------------------
9000E 04-16 360/45 294.7 13.7 48.0 34.3 0.34 0.12
--------------------------------------------------------------------
and 111.0 291.0 180.0 0.24 0.29
--------------------------------------------------------------------
including 192.0 249.0 57.0 0.55 0.62
--------------------------------------------------------------------
--------------------------------------------------------------------
8700E 04-15 360/45 310.0 239.0 310.0 71.0 0.54 0.47
--------------------------------------------------------------------
including 251.0 299.0 48.0 0.76 0.63
--------------------------------------------------------------------
(i) Previously announced
The Donnelly Zone dips steeply to the south at about 60 to 70 degrees. It is at least 200 metres wide on section 9800 E, its easternmost section. The zone is open for expansion to the east and north in this area where it has not been drilled. The Donnelly Zone is about 300 meters wide on sections 9600E and 9400E; however, on the westernmost sections, 9200E to 8700E, the Donnelly Zone splits into two separate zones, both about 50 to 100 metres wide, referred to as the Donnelly North and South Zones (see map). Holes 04-15 and 016 tested the Donnelly North Zone down dip from historic Texasgulf holes 77-01 to 03. Hole 04-17 tested the near surface extension of the Donnelly South Zone.
Rick Bailes, President of CGH, commented, "This is a big step forward for the GJ property in that we have outlined a continuous, strongly mineralized system for over one kilometre. There is ample room to expand this zone on strike, to depth and to the north. In addition, we have identified several other mineralized zones on the property that have excellent copper-gold potential."
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 systems.
The focus of the summer drilling was the Groat porphyry where copper-gold mineralization is associated with a poorly exposed elongated stock of monzodiorite, which intrudes andesite and volcaniclastic sediments. Three mineralized zones have been discovered that are associated with the Groat porphyry: the Donnelly Zone, the GJ Zone and the North Zone. Significant gold-rich porphyry deposits that occur in the same general area are Red Chris; 236 million tonnes grading 0.46% copper and 0.37g/t gold, and Galore Creek; 284 million tonnes grading 0.67% copper and 0.35g/t gold.
Drilling will resume in the spring, 2005.
Drill core was prepared and analyzed by ALS Chemex in accordance with industry standards. Drill results and technical data were reviewed by R. J. Bailes, P. Geo., a Qualified Person pursuant to NI 43-101.
CGH is engaged in gold exploration focused on its Canadian projects. The GJ drill program is one of five diamond drill programs planned over the summer and fall of 2004. Drilling has been completed at the Noomut gold project in Nunavut and assays are pending. Drilling is ongoing at the Assean Lake gold project in Manitoba and will commence in the early fall on the Manson Creek and Bob Creek gold projects in B.C.
ON BEHALF OF THE BOARD
Richard J. Bailes, President
--------------------------------------------------------------------------------
Contact:
Canadian Gold Hunter Corp.
Sophia Shane
Corporate Development
Phone: (604) 689-7842
Fax: (604) 689-4250
Website: www.canadiangoldhunter.com
--------------------------------------------------------------------------------
Source: Canadian Gold Hunter Corp.
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Press Release Source: Canadian Gold Hunter Corp.
Canadian Gold Hunter Announces Additional Significant Copper-Gold Intercepts in the Donnelly Zone, GJ Project
Wednesday September 22, 3:40 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 22, 2004) - (CGH - TSX) ... Canadian Gold Hunter Corp. ("CGH" or the "Company") is pleased to provide the final drill results from the 4,267-metre summer diamond drilling program on the 100% owned GJ/Kinaskan bulk-tonnage copper-gold project in northern British Columbia. Please click on the following link to see the attached map and sections: www2.cdn-news.com/database/fax/2000/0922cdn.jpg
Copper-gold mineralization has been traced for over an 1100-metre strike length on the Donnelly Zone from Hole 04-015 in the west to Hole 04-20 in the east. The holes reported herein are 200 to 300-metre step outs. The mineralization at the Donnelly Zone is open along strike, at depth and to the north.
2004 Donnelly Zone Results
--------------------------------------------------------------------
Azmuth/ Hole
Section Drill dip Depth From To Interval Copper Gold
(metres) Hole (degrees) (m) (m) (m) (m) % g/t
--------------------------------------------------------------------
9800E 04-20 180/45 221.6 23.5 221.6 198.1 0.42 0.39
--------------------------------------------------------------------
including 23.5 87.0 63.5 0.52 0.51
--------------------------------------------------------------------
--------------------------------------------------------------------
04-19 360/45 382.1 237.0 345.0 108.0 0.28 0.25
--------------------------------------------------------------------
including 294.0 345.0 51.0 0.37 0.28
--------------------------------------------------------------------
--------------------------------------------------------------------
04-01(i) 360/45 261.2 36.0 261.2 225.2 0.37 0.29
--------------------------------------------------------------------
including 156.0 261.2 105.2 0.44 0.32
--------------------------------------------------------------------
--------------------------------------------------------------------
9600E 04-18 360/45 188.1 6.09 177.0 170.9 0.39 0.42
--------------------------------------------------------------------
including 42.0 159.0 117.0 0.46 0.51
--------------------------------------------------------------------
--------------------------------------------------------------------
04-03(i) 360/45 279.2 5.0 279.2 274.2 0.23 0.29
--------------------------------------------------------------------
including 177.0 279.2 102.2 0.27 0.32
--------------------------------------------------------------------
--------------------------------------------------------------------
9400E 04-02(i) 360/45 287.1 12.0 264.0 252.0 0.34 0.35
--------------------------------------------------------------------
including 60.0 228.0 168.0 0.41 0.44
--------------------------------------------------------------------
--------------------------------------------------------------------
9200E 04-17 360/45 224.6 6.09 87.0 80.9 0.34 0.38
--------------------------------------------------------------------
including 42.0 78.0 36.0 0.52 0.64
--------------------------------------------------------------------
--------------------------------------------------------------------
9000E 04-16 360/45 294.7 13.7 48.0 34.3 0.34 0.12
--------------------------------------------------------------------
and 111.0 291.0 180.0 0.24 0.29
--------------------------------------------------------------------
including 192.0 249.0 57.0 0.55 0.62
--------------------------------------------------------------------
--------------------------------------------------------------------
8700E 04-15 360/45 310.0 239.0 310.0 71.0 0.54 0.47
--------------------------------------------------------------------
including 251.0 299.0 48.0 0.76 0.63
--------------------------------------------------------------------
(i) Previously announced
The Donnelly Zone dips steeply to the south at about 60 to 70 degrees. It is at least 200 metres wide on section 9800 E, its easternmost section. The zone is open for expansion to the east and north in this area where it has not been drilled. The Donnelly Zone is about 300 meters wide on sections 9600E and 9400E; however, on the westernmost sections, 9200E to 8700E, the Donnelly Zone splits into two separate zones, both about 50 to 100 metres wide, referred to as the Donnelly North and South Zones (see map). Holes 04-15 and 016 tested the Donnelly North Zone down dip from historic Texasgulf holes 77-01 to 03. Hole 04-17 tested the near surface extension of the Donnelly South Zone.
Rick Bailes, President of CGH, commented, "This is a big step forward for the GJ property in that we have outlined a continuous, strongly mineralized system for over one kilometre. There is ample room to expand this zone on strike, to depth and to the north. In addition, we have identified several other mineralized zones on the property that have excellent copper-gold potential."
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 systems.
The focus of the summer drilling was the Groat porphyry where copper-gold mineralization is associated with a poorly exposed elongated stock of monzodiorite, which intrudes andesite and volcaniclastic sediments. Three mineralized zones have been discovered that are associated with the Groat porphyry: the Donnelly Zone, the GJ Zone and the North Zone. Significant gold-rich porphyry deposits that occur in the same general area are Red Chris; 236 million tonnes grading 0.46% copper and 0.37g/t gold, and Galore Creek; 284 million tonnes grading 0.67% copper and 0.35g/t gold.
Drilling will resume in the spring, 2005.
Drill core was prepared and analyzed by ALS Chemex in accordance with industry standards. Drill results and technical data were reviewed by R. J. Bailes, P. Geo., a Qualified Person pursuant to NI 43-101.
CGH is engaged in gold exploration focused on its Canadian projects. The GJ drill program is one of five diamond drill programs planned over the summer and fall of 2004. Drilling has been completed at the Noomut gold project in Nunavut and assays are pending. Drilling is ongoing at the Assean Lake gold project in Manitoba and will commence in the early fall on the Manson Creek and Bob Creek gold projects in B.C.
ON BEHALF OF THE BOARD
Richard J. Bailes, President
--------------------------------------------------------------------------------
Contact:
Canadian Gold Hunter Corp.
Sophia Shane
Corporate Development
Phone: (604) 689-7842
Fax: (604) 689-4250
Website: www.canadiangoldhunter.com
--------------------------------------------------------------------------------
Source: Canadian Gold Hunter Corp.
Email Story
Set News Alert
Print Story
