Welcome!

News Feed Item

Global Hunter Announces Trench Results for La Corona de Cobre Project, Chile

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/29/13 -- 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:

--------------------------------------------------------------------------
                                                                  Distance
                                               CuT      CuS           from
Trench             From       To   Length      (%)      (%)   Previous (m)
--------------------------------------------------------------------------
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
--------------------------------------------------------------------------

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:

--------------------------------------------------------------------------
                                                                  Distance
                                               CuT      CuS           from
Trench             From       To   Length      (%)      (%)   Previous (m)
--------------------------------------------------------------------------
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               
--------------------------------------------------------------------------

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:

--------------------------------------------------------------------------
                                                                  Distance
                                               CuT      CuS           from
Trench             From       To   Length      (%)      (%)   Previous (m)
--------------------------------------------------------------------------
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               
--------------------------------------------------------------------------

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:

----------------------------------------------------------------------------
                                                                    Distance
                                                                        from
                                        Au     CuT     CuS      Fe  Previous
Trench        From      To  Length   (g/t)     (%)     (%)     (%)       (m)
----------------------------------------------------------------------------
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          
----------------------------------------------------------------------------

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.

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.

Contacts:
Global Hunter Corp.
Investor Relations
(604) 681-4653 or 1-866-282-8398
(604) 568-4902 (FAX)
[email protected]
www.globalhunter.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...