Global Hunter Announces Trench Results for La Corona de Cobre Project, Chile
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 -- Global Hunter Corp. (TSX VENTURE: BOB) ("Global Hunter" or the "Company") is pleased to announce positive results of its recently completed mapping and trenching program at its La Corona de Cobre project. Global Hunter has identified 14 prospective structures/zones including two large alteration zones in addition to Las Posadas, where Global Hunter had previously identified a National Resource 43-101 compliant copper resource (Preliminary Economic Assessment reported in news release dated September 18, 2012).
These encouraging results confirm the positive expectations from the surface sampling program carried out on the property in 2011 (News releases dated May 2 and 3, 2011) where a total of 205 rock chip samples were collected form nine shear zones on the property.
"We view these as high priority drill targets and will be aiming at expanding the known copper resource on the property. We are very encouraged by the trench results given the profile of the mineralization of on the property, where typically the top three to five metres have most of the copper leached out," stated Mike Hibbitts, VP Exploration & Development of Global Hunter Corp.
A total of 31 trenches were excavated along four of the most promising shear zones.
Ponderosa
Four trenches were excavated along 914 metres of strike length of the Ponderosa shear located 1,500 metres south of Las Posadas. The trenches were follow-up to the 18 surface samples collected along 1,000 meters of the shear from piquinero workings which averaged 1.85% CuT and 1.44% CuS.
The following table details results:
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Distance
CuT CuS from
Trench From To Length (%) (%) Previous (m)
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LP4 4.00 15.00 11.00 0.408 0.281 0
LP4 incl 9.00 15.00 6.00 0.694 0.491
LP3 23.00 42.00 19.00 0.179 0.115 199
LP3 incl 35.00 42.00 7.00 0.342 0.239
LP2 6.00 9.00 3.00 0.260 0.170 369
LP1 11.00 12.00 1.00 0.457 0.354 346
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Vino Fino
Eleven trenches were excavated along 1,316 metres of strike length of the Vino Fino shear located 5,000 metres east of Las Posadas. The trenches were follow-up to the 43 surface samples collected along 5,600 meters of the shear from piquinero workings which averaged 1.20% CuT and 0.97% CuS.
The following table details the trench results:
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Distance
CuT CuS from
Trench From To Length (%) (%) Previous (m)
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VF1 No significant results
VF2 28.00 32.00 4.00 0.271 0.206 113
VF3 3.00 6.00 3.00 0.235 0.119 411
VF3 and 11.00 15.00 4.00 0.280 0.144
VF3 and 22.00 23.00 1.00 0.112 0.059
VF4A 12.00 17.00 5.00 0.374 0.286 148
VF5 19.00 20.00 1.00 0.173 0.055 187
VF5 and 31.00 32.00 1.00 0.183 0.156
VF6 8.00 9.00 1.00 0.122 0.083 312
VF6 and 18.00 22.00 4.00 0.110 0.023
VF6 and 28.00 30.00 2.00 0.164 0.113
VF6 and 48.00 57.00 9.00 0.271 0.164
VF8 36.00 71.00 35.00 0.251 0.132 207
VF8 incl 53.00 66.00 13.00 0.450 0.299
VF10 1.00 29.00 28.00 0.376 0.158 463
VF10 incl 17.00 23.00 6.00 0.780 0.421
VF13A 0.00 21.00 21.00 0.425 0.239 1,115
VF13A incl 0.00 9.00 9.00 0.770 0.468
VF13A and 13.00 21.00 8.00 0.273 0.127
VF14 No significant results 192
VF15 0.00 1.00 1.00 0.102 0.026 72
VF15 and 3.00 5.00 2.00 0.144 0.053
VF15 and 10.00 11.00 1.00 0.113 0.030
VF15 and 15.00 17.00 2.00 0.280 0.156
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La Varilla
Three trenches were excavated along 1,316 metres of strike length of the La Varilla shear located 6,000 metres east of Las Posadas. The trenches were follow-up to the 10 surface samples collected along 1,600 meters of the shear from piquinero workings which averaged 1.27% CuT and 1.12% CuS.
The following table details results:
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Distance
CuT CuS from
Trench From To Length (%) (%) Previous (m)
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LV1 8.00 26.00 18.00 0.469 0.221 0
LV1 incl 8.00 16.00 8.00 0.631 0.304
LV2 21.00 8.00 29.00 0.240 0.180 878
LV2 incl -4.00 8.00 12.00 0.442 0.342
LV3 9.00 36.00 27.00 0.260 0.183 438
LV3 incl 10.00 21.00 11.00 0.334 0.240
Lv3 and 26.00 36.00 10.00 0.324 0.238
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Golondrina/Cerro Borracho
Eleven trenches were excavated along 3,873 metres of strike length of the Golondrina/Cerro Borracho shear located 14 kilometres east of Las Posadas. The trenches were follow-up to the 80 surface samples collected along 2,750 meters of the shear from piquinero workings which averaged 0.807% CuT and 0.541% CuS.
The following table details results:
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Distance
from
Au CuT CuS Fe Previous
Trench From To Length (g/t) (%) (%) (%) (m)
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LG7 4.00 14.00 10.00 0.237 0.167 0
LG7 25.00 34.00 9.00 0.416 0.282
LG7 incl 32.00 34.00 2.00 1.331 0.939
LG6A 0.00 4.00 4.00 0.719 0.462 1,404
LG5 1.00 53.00 52.00 0.020 0.440 0.296 1,075
LG5 incl 1.00 23.00 22.00 0.026 0.415 0.274
LG5 and 30.00 48.00 18.00 0.027 0.707 0.495
LG5 incl 43.00 47.00 4.00 0.033 1.521 1.065
LG4 0.00 47.00 47.00 0.230 0.043 693
LG4 incl 17.00 22.00 5.00 0.082 0.648 0.133
LG3A 21.00 28.00 7.00 0.115 0.029 138
LG3B 0.00 13.00 13.00 0.025 0.526 0.354 41
LG3B incl 0.00 5.00 5.00 0.053 1.037 0.715
LG2 7.00 32.00 25.00 0.245 0.074 79
LG2 incl 15.00 21.00 6.00 0.403 0.180 greater
than 10
LG1 0.00 31.00 31.00 0.220 0.065 133
LG1 incl 25.00 29.00 4.00 0.059 0.420 0.134 greater
than 10
CB1 1.00 22.00 21.00 0.213 0.067 87
CB1 incl 3.00 9.00 6.00 0.067 0.193 0.045 greater
than 10
CB1 10.00 14.00 4.00 0.496 0.198
CB2 0.00 17.00 17.00 0.193 0.067 92
CB2 incl 10.00 17.00 7.00 0.073 0.213 0.080 greater
than 10
CB3 0.00 18.00 18.00 0.059 0.218 0.062 greater 130
than 10
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The geological and technical information contained in this news release has been reviewed and approved by Mike Hibbitts, P.Geo., who is a qualified person under the definitions established by National Instrument 43-101.
On Behalf of the Board of Directors
GLOBAL HUNTER CORP.
Rudy Brauer, President and CEO, Global Hunter Corp.
Certain statements contained herein may constitute forward-looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements that relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.
In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
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Contacts:
Global Hunter Corp.
Investor Relations
(604) 681-4653 or 1-866-282-8398
(604) 568-4902 (FAX)
info@globalhunter.ca
www.globalhunter.ca