Click here to close now.




















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.

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
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.