Global Hunter Announces Further Drill Results for Las Posadas
10 Gennaio 2008 - 6:06PM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Global Hunter" or the "Company")
is pleased to announce results for an additional seven drill holes
from its recent 31-hole, nearly 9,600 metre, drill program on Las
Posadas shear zone at La Corona de Cobre project, Chile.
Highlights of the assay results include (complete total and
soluble copper intervals can be found in Appendix A attached
hereto):
- LP- 77, 52 metres of 0.94% Cu with 0.03% SolCu
- LP- 78, 52 metres of 0.71% Cu with 0.54% SolCu
- LP- 79, 34 metres of 1.14% Cu with 0.16% SolCu
- LP- 80, 8 metres of 2.50% Cu with 0.56% SolCu
"We continue to be excited by the sulphide copper mineralization
being identified below the existing oxide resource as this will
greatly enhance the potential of the project. The infill drilling
continues to tighten up the drill hole spacing and we hope this
will allow for upgrading the category of some of the resource to
allow more accurate engineering as we move the project forward,"
said Rod Husband, President and CEO of Global Hunter.
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 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 will release the data upon receiving
it.
A summary of the sampling handling, QA/QC program, sample
preparation and analytical methods are described in the Company's
previous news release pertaining to drill results.
ABOUT GLOBAL HUNTER CORP.
Global Hunter is currently exploring and advancing development
of the La Corona de Cobre project located 70 kilometre north of La
Serena, Chile along the Pan American Highway within the coastal
belt of the Andean Cordillera. The 2007/08 program was designed to
further define the resource and economics of the Las Posadas
deposit and will continue. 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.
APPENDIX A: 2007 Diamond Drill Results from Las Posadas
Drilling
All LP holes were drilled at -60 and 115 degrees;
--------------------------------------------------------------------------
Sol-
Drill Total Total uble
Drill UTM UTM From To Width Depth Cu Cu
Hole Northing Easting (m) (m) (m) (m) (%) (%)
--------------------------------------------------------------------------
LP-74 49250 50100 51.00 83.00 32.00 393.40 0.24 0.13
--------------------------------------------------------------------------
103.00 183.00 80.00 0.20 0.07
--------------------------------------------------------------------------
LP-75 49245 50007 152.00 210.00 58.00 397.65 0.25 0.07
--------------------------------------------------------------------------
Includes 226.00 234.00 8.00 0.27 0.01
--------------------------------------------------------------------------
LP-76 49550 49915 229.00 235.00 6.00 478.90 0.18 0.01
--------------------------------------------------------------------------
265.00 319.00 54.00 0.21 0.01
--------------------------------------------------------------------------
335.00 383.00 48.00 0.16 0.01
--------------------------------------------------------------------------
421.00 431.00 10.00 0.13 0.00
--------------------------------------------------------------------------
LP-77 50099 49964 141.00 155.00 14.00 386.55 0.33 0.03
--------------------------------------------------------------------------
191.00 243.00 52.00 0.94 0.03
--------------------------------------------------------------------------
Includes 211.00 227.00 16.00 1.83 0.07
--------------------------------------------------------------------------
261.00 275.00 14.00 0.27 0.01
--------------------------------------------------------------------------
297.00 303.00 6.00 0.11 0.01
--------------------------------------------------------------------------
LP-78 49449 50115 7.00 59.00 52.00 370.55 0.71 0.54
--------------------------------------------------------------------------
Includes 35.00 43.00 8.00 2.15 1.80
--------------------------------------------------------------------------
89.00 99.00 10.00 0.14 0.03
--------------------------------------------------------------------------
225.00 255.00 30.00 0.25 0.02
--------------------------------------------------------------------------
LP-79 49399 50009 122.00 152.00 30.00 363.85 0.37 0.21
--------------------------------------------------------------------------
164.00 198.00 34.00 1.14 0.16
--------------------------------------------------------------------------
Includes 164.00 178.00 14.00 2.29 0.24
--------------------------------------------------------------------------
216.00 222.00 6.00 0.17 0.02
--------------------------------------------------------------------------
LP-80 49499 50020 119.00 135.00 16.00 360.10 0.25 0.15
--------------------------------------------------------------------------
Includes 147.00 155.00 8.00 2.50 0.56
--------------------------------------------------------------------------
193.00 205.00 12.00 0.19 0.05
--------------------------------------------------------------------------
221.00 229.00 8.00 0.15 0.04
--------------------------------------------------------------------------
293.00 307.00 14.00 0.16 0.01
--------------------------------------------------------------------------
0.1% Total Cu cut-off and 0.08% Soluble Cu cutoff grades with no intervals
6 metres or greater falling below cut-off are used in average grade
calculations solely for comparative purposes and not as potentially
economic cut-off grades.
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 1-866-282-8398 (604) 683-6557 (FAX) Email: info@globalhunter.ca
Website: www.globalhunter.ca
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