DIAMOND-DRILL PROGRAM COMMENCES ON CABALLO
BLANCO GOLD PROJECT IN VERACRUZ,
MEXICO
November 25, 2008 (CGH ? TSX)?
Canadian Gold Hunter Corp. (the ?Company?) is pleased to
announce the commencement of diamond drilling on the Caballo
Blanco gold project in the state of Veracruz,
Mexico. Two
track-mounted core rigs have been mobilized to the property. The planned
program is up to 10,000
meters in two phases, with the initial phase being 5,000 meters.
The upcoming program is a follow-up to the initial 18 core holes (3,355 m) drilled on the
Cerro La Paila
high-sulphidation gold target from late 2007 to
mid-2008. That campaign generated very encouraging results with a number of
broad intervals that graded over one gram per tonne gold (g/t Au), including
drill hole 08CBN-004, which intersected 94.5 meters grading
2.09 g/t Au. The primary objective of the current drill program is to define a
resource at Cerro La Paila. The first phase of the program
will comprise 24 angled holes drilled along east-west sections spaced at 50 meters. In addition,
reconnaissance drilling will be conducted at Cerro La Cruz and Cerro Bandera, two
other high-sulphidation gold targets within the
Northern Zone.
Cerro La Paila is one of several gold targets
within the much larger Northern Zone, which is defined by a strong alteration
system extending over more than 20 square kilometers.
Gold at Cerro La Paila is hosted by a large body of
complex vuggy silica breccias containing abundant
iron oxides partly exposed over a N-S distance of 900 meters and up to 450 meters wide. The
silica breccias are well defined by a strong resistivity anomaly with similar
surface dimensions and considerable, but as yet undetermined, depth extent. Gold,
silver and several pathfinder metals define a prominent soil anomaly over the
exposed parts of the breccias. Cerro La
Cruz, 700
meters south and Cerro Bandera, three kilometers SW of Cerro La Paila, constitute two
other areas of exposed massive silica and vuggy
silica breccias that are also coincident with strong resistivity anomalies.
The Company can earn a 70 per cent interest in the Caballo
Blanco project from Almaden Minerals Ltd. by spending
US$12 million over a period of six years.
The geological data in this news release were verified by qualified
person Jan Christoffersen, P. Eng., Vice President of
Canadian Gold Hunter Corp. Appropriate quality control and quality assurance
protocols are utilized on the program. Standard reference samples and various
duplicates are inserted in each batch of assays. Drill-core samples are cut by
saw on site and sample splits are shipped for preparation to ALS Chemex in Guadalajara,
Mexico. Sample
pulps are sent to ALS Chemex in North
Vancouver, B.C., Canada and analyzed for
gold by fire assay and for silver and 34 other trace and major elements by
ICP-MS in accordance with standard industry practices.
ON BEHALF OF THE BOARD
?Richard J. Bailes?
President
For further information, please contact:
Sophia Shane, Corporate Development (604)
689-7842