Cdn Gold Hunter, partner drill 72 m of 0.7% Cu at Zymo

2008-11-13 14:39 ET - News Release

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

Mr. Richard Bailes of Canadian Gold reports

CANADIAN GOLD HUNTER ANNOUNCES 72 METRES GRADING 0.72% COPPER AND 0.54 G/T GOLD AT ZYMO PROJECT, B.C.

Canadian Gold Hunter Corp. and Eastfield Resources Ltd. have released the initial drilling results on the Zymo copper-gold property 45 kilometres west of Smithers, B.C. A total of 1,554.5 metres were drilled in six holes on the newly discovered Hobbes zone. All of the holes intersected significant intervals of copper-gold mineralization, with the best interval being 72.0 metres grading 0.72 per cent copper and 0.54 gram per tonne gold, starting at 15.0 metres in hole ZY-08-09.

                       SUMMARY OF THE DRILL RESULTS 

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

ZY-08-07       3.05   252.98 eoh               249.93    0.20     0.14
including     116.0        182.0                66.00    0.33     0.20
ZY-08-08       3.05   237.74 eoh               234.69    0.20     0.12
including     51.00        111.0                 60.0    0.39     0.26
ZY-08-09       3.05   256.02 eoh               252.97    0.32     0.23
including      3.05        165.0               161.95    0.44     0.32
including      15.0         87.0                 72.0    0.72     0.54
ZY-08-10       3.05        162.0               158.95    0.31     0.21
               18.0         75.0                 57.0    0.43     0.32
ZY-08-11       6.10       153.00               146.90    0.16     0.10
ZY-08-12      51.00       150.00                99.00    0.11     0.05

Eoh equals end of hole.
(i) Intervals are core lengths and true widths may be less than 
reported here.

The Hobbes zone was discovered by prospecting late in 2007. It is associated with a magnetic anomaly that is approximately one km in length. However, it is part of a much larger chargeability anomaly that exceeds six km in length, is open-ended and varies from two to three km in width. The Hobbes zone and the original known showings on the property are approximately four km apart, and both areas occur on the northern flank of the IP anomaly.

Soil sampling, and reconnaissance rock and silt sampling have outlined several other areas that are anomalous in copper and gold. Rick Bailes, president of the company, stated, "The geophysical and geochemical data clearly show that the Zymo mineralizing and alteration system is very large, exceeding 15 square kilometres, and we are looking forward to continuing to explore this strong system."

The company can earn a 60-per-cent interest in the property by completing exploration expenditures of $4-million over five years. CGH 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. R.J. Johnston, PGeo, who is a qualified person within the context of National Instrument 43-101, supervised the exploration program on the Zymo property. Analyses were performed by Acme Analytical Laboratories, a certified facility located in Vancouver, B.C., using multielement (ICP-ES) procedures, with gold and silver determined by fire assay procedures.