Global Hunter Announces Las Posadas Project Drill Results
14 Novembre 2007 - 1:59AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to
announce initial results from its recent 30-hole drill program
totaling nearly 9,600 metres of drilling on Las Posadas shear zone
at La Corona de Cobre project, Chile. The program was designed to
do the following: in-fill drill and further delineate the known
copper oxide deposit; determine the boundaries of the oxide deposit
in three dimensions; explore for possible extensions; provide
sufficient core material for final copper oxide metallurgical
testing; and assess the peripheral and deeper copper sulfide
potential of the deposit below the current National Instrument
("NI") 43-101 qualified copper oxide resource and the oxide
resource pit outline. The current drill program will enable the
Company to retain Micon International Limited ("Micon"), Toronto,
Ontario to prepare a revised NI 43-101 qualified copper oxide
resource estimate for Las Posadas deposit in early 2008.
Highlights of the assay results from the first five holes
include hole LP-59 which encountered 34 metres of 1.05 percent
copper, LP-61 with 22 metres of 1.69 percent copper, and LP-63
which drilled 48 metres of 1.00 percent copper.
"This drill program was successful in better defining the limits
of Las Posadas oxide mineralization while at the same time
encountering significant sulfide intercepts below and peripheral to
the known resource," said Rod Husband, president and director of
Global Hunter. "We are pleased with the results of this program and
look forward to submitting the analyzed data to Micon for
calculation of a revised resource estimate in the near future."
All holes were drilled at -45 and 115 degrees; sulfide and oxide
intervals are tabulated below:
---------------------------------------------------------------------------
%
UTM Drill Total Sol-
Drill ----------- From To Width Depth % Cu uble
Hole North East (m) (m) (m) (m) Total Cu Type
---------------------------------------------------------------------------
LP-59 50000 49965 189.00 223.00 34.0 300.00 1.05 sulfide
---------------------------------------------------------------------------
incl-
udes 201.00 221.00 20.0 1.44 sulfide
---------------------------------------------------------------------------
and 233.00 243.00 10.0 0.23 sulfide
---------------------------------------------------------------------------
and 249.00 263.00 14.0 0.53 sulfide
---------------------------------------------------------------------------
50000 49965 163.00 171.00 8.0 0.29 oxide
---------------------------------------------------------------------------
LP-60 50250 50020 116.00 154.00 38.0 250.00 0.25 oxide
---------------------------------------------------------------------------
and 176.00 182.00 6.00 0.19 oxide
---------------------------------------------------------------------------
LP-61 50150 49965 178.00 200.00 22.0 275.00 1.69 sulfide
---------------------------------------------------------------------------
and 206.00 236.00 30.0 0.65 sulfide
---------------------------------------------------------------------------
incl-
udes 222.00 232.00 10.0 1.18 sulfide
---------------------------------------------------------------------------
and 246.00 260.00 14.0 0.29 sulfide
---------------------------------------------------------------------------
(i)hole
ended
in
mine-
rali-
zation 270.00 275.00 5.0 0.36 sulfide
---------------------------------------------------------------------------
LP-62 50200 50040 94.00 104.00 10.0 200.00 0.23 oxide
---------------------------------------------------------------------------
and 116.00 134.00 18.0 0.20 oxide
---------------------------------------------------------------------------
LP-63 49750 49980 94.00 142.00 48.0 318.45 1.00 oxide
---------------------------------------------------------------------------
incl-
udes 100.00 140.00 40.0 1.15 oxide
---------------------------------------------------------------------------
(i)0.1% Total Cu cut-off and 0.08% Soluble Cu cutoff grades are used in
average grade calculations solely for comparative purposes and not as
potentially economic cut-off grades.
The Company's technical team is currently compiling new maps and
cross-sections of Las Posadas deposit and these will be posted on
the Global Hunter website, www.globalhunter.ca, as they become
available. The Company also expects additional assay results to
become available shortly and release the data upon receiving
it.
SAMPLE HANDLING AND PREPARATION
A summary of sample preparation and method of Total Copper and
Soluble Copper is herewith presented. The core is marked in two
metres length for sampling and cut longitudinal in half. One half
is placed in individual heavy-duty plastic sample bags. The sample
tag (a unique five-digit sample number) is assigned to the sample
and included in the bag and the bag is sealed. The other half of
the core is returned to the core boxes for storage and a sample tag
is stapled to the core box at the end of each sample.
The Company has designed a QA/QC program with four quarter core
duplicates every 90. For the quarter core the half core is sawed
longitudinal in half and assigned a separate five-digit sample
number following original sample. Three certified standards are
submitted every 90 with one of each low, medium and high Total
Copper and Soluble Copper grades. In addition three blank (coarse
crushed for sample preparation QA/QC) and two preparation
duplicates are included for every 90 samples. The preparation
duplicate is a second pulp split requested of the laboratory
included in the regular sample sequence.
All submitted samples are initially crushed, split using a
standard Jones riffle splitter to a nominal 500 grams sample, and
pulverized. From this material one gram is submitted for standard
Total Copper is determined by atomic absorption spectrometry.
Copper soluble assays are conducted by 30 minute agitated leach in
five percent sulfuric acid at twenty degrees Celsius followed by
atomic absorption spectrographic assay.
The core boxes are stored in locked containers in the Company's
camp that is guarded twenty-four hours per day. Access is limited
to the Company's geological and geotechnical team.
ABOUT GLOBAL HUNTER CORP.
Global Hunter is currently exploring and advancing development
of the La Corona de Cobre project located 70 km north of La Serena,
Chile along the Pan American Highway within the coastal belt of the
Andean Cordillera. The 2007 program at the property is focusing on
further defining the resource and economics of the Las Posadas
deposit. In addition to La Corona de Cobre, the Company is also
working to complete further delineation drilling and an initial
resource estimate at its Rabbit South Property molybdenum project
in south-central British Columbia, Canada.
Michael S. Fulp, C.P.G., Chief Geologist for Global Hunter, is
the Qualified Person as defined by National Instrument 43-101 who
supervised the exploration program and has prepared, reviewed and
approved the technical information in this news release.
On Behalf of the Board of Directors
GLOBAL HUNTER CORP.
Rod Husband, P.Geo, President
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Global Hunter Corp. Investor Relations (604) 681-4653
or Toll Free: 1-866-282-8398 (604) 683-6557 (FAX) Email:
info@globalhunter.ca Website: www.globalhunter.ca
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