Completes Initial Phase Drill Program at Caballo Blanco, Mexico

Canadian Gold Hunter Corp

Several projects in Canada and one in Mexico that it is actively exploring.

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Completes Initial Phase Drill Program at Caballo Blanco, Mexico

posted on Apr 07, 2009 05:43AM

April 7, 2009

Canadian Gold Hunter Completes Initial Phase Drill Program at Caballo Blanco, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - Canadian Gold Hunter Corp. (TSX:CGH) (the "Company") announces that it has completed the initial follow up phase diamond drill program on the Caballo Blanco project in Veracruz, Mexico. The program consisted of 14 holes totaling 3,603 metres.

Significant assays from the latest drilling are tabulated below.

-------------------------------------------------------------------------
                         Depth        Interval     Width
Drill Hole  Az/Angle        (m)          (m)(i)    (m)(i)  Au g/t  Ag g/t
-------------------------------------------------------------------------

-------------------------------------------------------------------------
09CBN-034        086/   153.62   118.57-153.62     35.05     0.48     0.4
             degrees 
                 -60
             degrees
-------------------------------------------------------------------------
 including                       124.66-142.95     18.29     0.66     0.3
-------------------------------------------------------------------------
09CBN-035        221    299.17    97.54-109.73     12.19     0.63     0.4
             degrees/
                 -88
             degrees
-------------------------------------------------------------------------
 and                             286.51-297.18     10.67     0.40     1.6
-------------------------------------------------------------------------
09CBN-037        280    298.70    92.96-192.02     99.06     0.32     0.8
             degrees/
                 -84
             degrees
-------------------------------------------------------------------------
 including                        94.49-135.63     41.14     0.53     0.7
-------------------------------------------------------------------------
                                                           Au g/t     Cu%
-------------------------------------------------------------------------
09CBN-042        088    367.89   224.64-367.89    143.25    0.103   0.105
             degrees/
                 -57
             degrees
--------------------------------------------------------------------------
(i) Intervals are core lengths and true widths may be less than reported
    here.

Drill holes 09CBN-034, 035, 037 and 041 tested the southwestern portion of the Cerro la Paila gold target. Previous drilling on this portion of Cerro la Paila intersected encouraging gold values such as 89.9 metres grading 1.06 g/t gold in hole 08CBN-011 (see attached drill plan).

Drill hole 09CBN-036 tested the Cerro la Cruz target, which is located about one kilometre south of Cerro la Paila in the Northern Zone. Cerro la Cruz is underlain by massive and brecciated silica and is defined by a large resistivity anomaly (see attached map). 09CBN-036 did not intersect significant gold mineralization; however, further testing is warranted on the southern portion of this target, where anomalous gold and trace elements occur on surface.

Drill holes 09CBN-038, 039 & 040 tested the Cerro Bandera target in the Northern Zone. This target consists of massive and brecciated silica and is defined by two large resistivity anomalies (Bandera North and South). These holes did not intersect significant gold mineralization; however, they did contain anomalous trace elements and further work is warranted.

Drill hole 09CBN-042 tested the eastern extension of the Pedrero target. This hole intersected a large intensely altered diorite with intense quartz stockwork and encouraging gold and copper values. Pedrero is a large gold-rich porphyry copper system that remains open to further testing.

The Company can earn a 70 per cent interest in the Caballo Blanco project from Almaden Minerals Ltd. by spending US$12 million over a period of six years.

The geological data in this news release were verified by qualified person Jan Christoffersen, P. Eng., Vice President of Canadian Gold Hunter Corp. Appropriate quality control and quality assurance protocols are utilized on the program. Standard reference samples and various duplicates are inserted in each batch of assays. Drill core samples are cut by saw on site and sample splits are shipped for preparation to ALS Chemex in Guadalajara, Mexico. Sample pulps are sent to ALS Chemex in North Vancouver, B.C., Canada and analyzed for gold by fire assay and for silver and 34 other trace and major elements by ICP-MS in accordance with standard industry practices.

ON BEHALF OF THE BOARD

Richard J. Bailes, President

To view accompanying maps, please click on the following link: http://media3.marketwire.com/docs/CG...

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