Global Hunter Announces Further Drill Results for Las Posadas
January 03 2008 - 7:59PM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Global Hunter" or the "Company")
is pleased to announce results on another twelve 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 the following (complete
total and soluble copper intervals can be found in Appendix A
attached hereto):
- LP - 64 - 14 metres of 1.17% Cu with 0.78% SolCu
- LP - 65 - 16 metres of 1.30% Cu with 1.02% SolCu
- LP - 66 - 8 metres of 1.21% Cu with 0.91% SolCu
- LP - 68 - 16 metres of 0.80% Cu with 0.64% SolCu
- LP - 71 - 134 metres of 0.55% Cu with 0.28% SolCu
- LP - 72 - 20 metres of 0.85% Cu with 0.71% SolCu
- LP - 73 - 12 metres of 0.98% Cu with 0.76% SolCu
The program was designed to:
- In-fill drill certain areas of the known copper oxide deposit
to 50 metre centres;
- Provide a more detailed three dimension definition of the
boundaries of the oxide deposit;
- Explore for possible extensions;
- Provide sufficient drill core material for metallurgical
testing;
- Assess the copper sulfide potential below the current copper
oxide resource.
"The latest results confirm widths and grades from previous
drilling and will add confidence from having the entire resource
drilled on a 50 metre grid," said Rod Husband, President of Global
Hunter. "We are also very encouraged that the results confirm good
copper grades in the sulphide zone at depth and excited by the
potential they offer."
In addition two holes (MP-1,2) were drilled 1,500 metres
southeast of the existing resource area to determine the extent of
copper oxide mineralization identified on surface.
Holes MP-1 and MP-2 did not intersect any significant copper
values.
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.
A summary of the sampling handling, QA/QC program, sample
preparation and analytical methods are described in detail in the
Company's November 13, 2007 news release.
ABOUT GLOBAL HUNTER CORP.
Global Hunter is currently exploring and advancing development
of the La Corona de Cobre project located 70 kilometres 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; MP holes were drilled at
-45 and 240 degrees
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Sol-
Drill Total Total uble
Drill Local Grid From To Width Depth Cu Cu
Hole North East (m) (m) (m) (m) (%) (%)
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LP-64 49850 49950 144.00 222.00 78.00 300.00 0.34 0.17
--------------------------------------------------------------------------
Includes 146.00 160.00 14.00 1.17 0.78
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284.00 300.00 16.00 0.13 0.00
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LP-65 49700 50045 53.00 107.00 54.00 212.20 0.61 0.42
--------------------------------------------------------------------------
Includes 55.00 71.00 16.00 1.30 1.02
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LP-66 49650 50060 54.00 106.00 52.00 446.20 0.40 0.26
--------------------------------------------------------------------------
Includes 66.00 74.00 8.00 1.21 0.91
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Including 66.00 68.00 2.00 3.32 2.90
--------------------------------------------------------------------------
and 100.00 106.00 6.00 0.80 0.63
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280.00 314.00 34.00 0.30 0.07
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342.00 352.00 10.00 1.33 0.05
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Includes 342.00 346.00 4.00 3.19 0.12
--------------------------------------------------------------------------
LP-67 50000 49865 300.00 344.00 44.00 433.95 0.24 0.04
--------------------------------------------------------------------------
Includes 314.00 328.00 14.00 0.44 0.09
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LP-68 50100 50014 67.00 83.00 16.00 275.00 0.80 0.64
--------------------------------------------------------------------------
Includes 67.00 79.00 12.00 1.02 0.82
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99.00 193.00 94.00 0.27 0.16
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Includes 99.00 105.00 6.00 0.71 0.54
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LP-69 49950 49949 151.00 199.00 48.00 305.05 0.37 0.11
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Includes 157.00 165.00 8.00 0.94 0.27
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LP-70 49099 49996 108.00 148.00 40.00 166.90 0.16 0.04
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LP-71 50050 50001 75.00 209.00 134.00 369.15 0.55 0.28
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Includes 75.00 111.00 36.00 0.70 0.51
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and 151.00 171.00 20.00 1.03 0.62
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and 177.00 187.00 10.00 0.88 0.04
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and 193.00 203.00 10.00 0.87 0.35
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LP-72 49150 50062 80.00 100.00 20.00 213.30 0.85 0.71
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LP-73 49200 50050 102.00 152.00 50.00 353.50 0.41 0.27
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Includes 102.00 114.00 12.00 0.98 0.76
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MP-1 47731 50075 No significant intervals 290.70
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MP-2 47747 49968 No significant intervals 256.80
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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 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