Cdn Gold, Eastfield drill 0.23% Cu over 273 m at Zymo

2009-09-14 08:47 ET - News Release

See News Release (C-CGH) Canadian Gold Hunter Corp

Mr. G.L. Garratt of Canadian Gold Hunter reports

CANADIAN GOLD HUNTER CORP.: DRILLING AT ZYMO PROJECT SIGNIFICANTLY EXPANDS HOBBES COPPER/GOLD ZONE

Canadian Gold Hunter Corp. and Eastfield Resources Ltd. have received results from the recently completed drilling program on the Zymo copper-gold property located 45 kilometres west of Smithers, B.C. Four holes were drilled at the Hobbes zone and one hole tested a showing in the FM zone. All holes intersected mineralization.

Of the four holes drilled in the Hobbes zone, three (ZY-09-13, 15, 16) were each 100-metre step-outs to the west of ZY-08-07 and ZY-08-08. Each of these holes intersected mineralization and the Hobbes zone has now been traced over 600 m in an east-west direction. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date indicating good potential for further extension of the mineralized zone to the west and south. Hole ZY-09-14 is a vertical hole drilled at the site of previously released holes ZY-08-09 (72.0 m of 0.72 per cent copper; 0.54 g/t gold) and ZY-08-10 (57.0 m of 0.43 per cent copper; 0.32 g/t gold). This hole intersected 273 m of 0.23 per cent copper and 0.15 g/t gold and confirms that mineralization persists to greater depth. Hole ZY-09-17 was drilled in the FM zone.

                    SUMMARY OF SIGNIFICANT RESULTS

Hole ID       From (m)   To (m)   Interval (m)(i)   Cu (%)   Au (g/t)

ZY-09-13          3.0    428.0             425.0     0.15       0.09
including       255.0    381.0             126.0     0.20       0.15
ZY-09-14          3.0    276.0             273.0     0.23       0.15
including         9.0    108.0              99.0     0.36       0.25
including        33.0     93.0              60.0     0.44       0.30
ZY-09-15         33.0    441.0             408.0     0.21       0.11
including        87.0    153.0              66.0     0.33       0.20
including       297.0    318.0              21.0     0.31       0.18
ZY-09-16         30.0    369.0             339.0     0.23       0.13
including       139.0    330.0             171.0     0.31       0.18
including       201.0    279.0              78.0     0.41       0.26
ZY-09-17          9.0     42.0              33.0     0.13       0.11

(i) Intervals are core lengths and true widths may be less than 
    reported here.

Work on the Zymo property to date has confirmed the presence of a sulphide mineralized copper-gold system that is over eight kilometres long and two km wide, and hosts several mineralized targets including the Hobbes and FM. Fill-in soil geochemical sampling was carried out on the URC target which lies 1.5 km west of the Hobbes zone and confirmed a 1.5 km long coincident copper-gold anomaly. This target is beyond the end of the geophysical grid and prospecting found no outcrops, however, a sample of mineralized float returned 0.33 per cent copper and 0.22 g/t gold. This target further expands the discovery potential of the property.

Canadian Gold Hunter has the option to earn a 60-per-cent interest in the property by completing exploration expenditures of $4-million over five years. Canadian Gold Hunter may earn an additional 10-per-cent interest by completing a feasibility study and an additional 5 per cent by arranging mine financing for Eastfield.

G.L. Garratt, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bob Johnston, PGeol, also a qualified person within the context of National Instrument 43-101, supervised the project work in the field. Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, B.C., using multielement (ICP-MS) aqua regia digestion (1D) procedures, with gold and silver values determined using fire assay procedures