Global Hunter Begins Surface Sampling Program at La Corona de Cobre & Broadens IR Program
VANCOUVER, BC -- (Marketwire) -- 12/02/10 -- Global Hunter Corp. (TSX-V: BOB) ('Global Hunter') is pleased to announce that it recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This will aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.
The shear zones and areas of alteration that have been sampled (from East to West) include the following zones:
- El Manto
- La Golondrina
- Cerro Borracho
- El Tazon
- La Copa
- La Varrilla
- Et Tazon
- Vino Fino
- Abisinia
- Las Posadas
The samples will be collected from outcrops along the entire strike lengths of the shears and have been shipped to ALS Chemex Labs in La Serena Chile for analysis. Results will be released as soon as is practical after they have been received.
These shear zones can be traced on surface for hundreds of metres, with the longest being Vino Fino, which has been mapped for over 6,000 metres. Local miners are currently extracting ore from several shear zones on the property and transporting it to Enami for processing.
The surface sample results in conjunction with previous geophysical work completed on the property, Global Hunter intends to prepare a multi-hole drill program on the shear zones scheduled to begin early 2011 as part of its ongoing evaluation of its Corona de Cobre project. In addition to sampling and drilling of the prospective shear zones at La Corona de Cobre mentioned above, The Company will continue its work on the Las Posadas resource over the coming months and will provide a summary of its progress as information becomes available.
Global Hunter Corp. is pleased to announce it has retained the services of Asian Capital & Equity ('ACE') Ltd. and Crown Equity Holdings Inc. to increase the investing public's awareness of its projects.
Asian Capital & Equity Ltd. ('ACE'). ACE, which is owned by Alexander Holtermann, offers a comprehensive range of services that allows for a specifically-tailored investor relations program to maximize exposure in Asian and European markets for publically listed companies. ACE brings to Global Hunter a strong presence in Asia with a home base in, and focus on, Hong Kong, along with close ties to the European investor audience with a concentration on Germany. ACE will provide a presence at specially-targeted road shows in Asia to help raise funds. In addition, ACE has access to a robust network of capable international partners to help Global Hunter expand its audience and potential investors. The agreement with ACE has a term of twelve months and provides for an annual compensation of $ 100,000.
Global Hunter has also engaged the services of Crown Equity Holdings Inc. to assist in exploring a secondary listing in the United States. Crown Equity will assist Global Hunter in assessing the various exchanges in the United States and provide recommendations on which would be most suitable based on the Company's business strategy. To raise the profile of Global Hunter in the United States, Crown Equity will also advertise the Company through its media channels to prospective investors. The agreement with Crown Equity Holdings Inc., which Kenneth Bosket is the President/CEO with its offices in Las Vegas Nevada, has a term of six months with an option to renew for an additional six months and provides for a cash compensation $ 25,000 per month.
ACE and Crown Equity Holdings Inc. are at arm's length to Global Hunter and have advised the Company that, other than as provided for in their agreements with the Company, they have no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.
Global Hunter's flagship project is the La Corona de Cobre property, located 70 kilometres north of La Serena, Chile, along the Pan American Highway, within the coastal belt of the Andean Cordillera. The NI 43-101-compliant resource contains 225 million pounds of copper oxide. In addition, the Company has its Rabbit South molybdenum project in south-central British Columbia, Canada.
The technical information in this news release has been reviewed by Mr. Rod Husband, a qualified person for the purposes of National Instrument 43-101.
On Behalf of the Board of Directors
GLOBAL HUNTER CORP.
Signed 'Rod Husband'
Rod Husband, P.Geo
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
Contact:
Global Hunter
Investor Relations: (604) 681-4653 or 1-866-282-8398
Facsimile: 604-568-4902
Email: info@globalhunter.ca
Website: www.globalhunter.ca
730 - 1130 West Pender Street
Vancouver, B.C. Canada V6E 4A4