Canadian Gold Hunter Corp.
TSX : CGH

Canadian Gold Hunter Corp.

November 13, 2008 14:26 ET

Canadian Gold Hunter Announces 72 Metres Grading 0.72% Copper and 0.54 g/t Gold at Zymo Project, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) and Eastfield Resources Ltd. ("Eastfield") are pleased to report the initial drilling results on the Zymo copper-gold property 45 km west of Smithers, BC. A total of 1,554.5 metres was drilled in 6 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% copper and 0.54 g/t gold starting at 15.0 metres in hole ZY-08-09. A summary of the drill results follows:



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Hole ID From (m) To (m) Core Length (m)(i) Cu % Au g/t
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ZY-08-07 3.05 252.98 eoh 249.93 0.20 0.14
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including 116.0 182.0 66.00 0.33 0.20
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ZY-08-08 3.05 237.74 eoh 234.69 0.20 0.12
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including 51.00 111.0 60.0 0.39 0.26
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ZY-08-09 3.05 256.02 eoh 252.97 0.32 0.23
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including 3.05 165.0 161.95 0.44 0.32
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including 15.0 87.0 72.0 0.72 0.54
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ZY-08-10 3.05 162.0 158.95 0.31 0.21
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18.0 75.0 57.0 0.43 0.32
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ZY-08-11 6.10 153.00 146.90 0.16 0.10
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ZY-08-12 51.00 150.00 99.00 0.11 0.05
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(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 1 km in length. However, it is part of a much larger chargeability anomaly that exceeds 6.0 km in length, is open-ended and varies from 2.0 to 3.0 km in width. The Hobbes Zone and the original known showings on the property are approximately 4.0 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% interest in the property by completing exploration expenditures of $4 million over five years. CGH may earn an additional 10% interest by completing a feasibility study and an additional 5% by arranging mine financing for Eastfield.

G.L. Garratt, P.Geo., 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, P.Geo, 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, BC, using multi-element (ICP-ES) procedures, with gold and silver determined by fire assay procedures.

ON BEHALF OF THE BOARD

Richard J. Bailes, President

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/1113cgh.pdf

Contact Information

  • Canadian Gold Hunter Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    Website: www.canadiangoldhunter.com