Global Hunter Commences Drilling of Molybdenum Mineralization at Rabbit South
September 03 2008 - 11:47AM
Marketwired
Global Hunter Corp. (TSX VENTURE: BOB) ("Global Hunter" or "the
Company") is pleased to announce that Foraco Drilling Ltd.
("Foraco") of Kamloops, British Columbia has been awarded the
contract for drilling at the Rabbit South Property. The drilling
program began on August 5, 2008 when Foraco brought a Connor 25 HH
diamond drill on the property.
The first seven holes equaling 1,230 metres of the 3,700-metre
diamond drill program have been completed. These holes are located
in the southern half of the higher grade Eastern Zone. Five of the
completed holes have twinned previous historic holes to confirm the
historic molybdenum grades shown in the table below.
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2008 DDH Holes twinned Depth From m To m Length m % Mo
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RS-D-08-123 RS-D-80-56 288.0 13.4 185.9 172.5 0.057
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Including 33.5 82.3 48.8 0.090
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RS-D-08-125 RS-P-79-28 79.2 9.1 79.2 70.1 0.028
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Including EOH sample 76.2 79.2 3.0 0.179
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RS-D-81-87 272.2 6.9 243.8 237.0 0.025
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Including 137.2 182.9 45.7 0.046
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RS-D-08-126 RS-P-79-26 88.4 15.2 61.0 45.7 0.037
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RS-D-08-127 RS-P-80-61 106.7 12.2 106.7 94.5 0.047
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Including 45.7 97.5 51.8 0.061
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RS-D-08-129 RS-P-80-81 54.9 10.1 54.9 44.8 0.037
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Including 21.3 42.7 21.4 0.037
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Three of the historic holes completed by previous operators
twinned this year were finished while still in molybdenum
mineralization. All the holes this year have intersected
molybdenite bearing quartz vein stockwork in quartz monzonite
porphyry intrusion from surface to the Thrust Fault that defines
the contact with the underlying Nicola Group andesite and andesite
tuffs.
Results will be analyzed by Eco Tech laboratories in Kamloops,
British Columbia and will be released once prepared. A National
Instrument 43-101 compliant resource estimate is scheduled to be
complete by year-end including data from the current program.
Global Hunter's Exploration Manager, Tor Bruland, M. Sc., P.Geo.
(B.C.), designed the drilling program, and has reviewed and
approved the technical information in this news release. The
diamond drilling is supervised by project manager, Donald G. Allen,
M.A.Sc., P. Eng. (B.C.). Both are the Qualified Persons as defined
by National Instrument 43-101.
ABOUT RABBIT SOUTH
The property consists of 1,900 hectares located near Kamloops,
British Columbia, 30 kilometers North East of the Highland Valley
copper mine, and is accessible year round by highways and logging
roads.
The molybdenum mineralization at Roper Lake was discovered in
1959 by Kennco Exploration (Western) Ltd. and was first drilled by
Dominic Lake Mining Co. Ltd. in 1967 before being explored further
between 1979 and 1981 by Cominco Ltd. Global Hunter optioned the
property in January 2004 and has since completed two drill programs
in 2005 and 2007.
On Behalf of the Board of Directors GLOBAL HUNTER CORP.
Rod Husband, P.Geo. (B.C.), President
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Global Hunter Corp. Investor Relations (604) 681-4653
or 1-866-282-8398 (604) 683-6557 (FAX) Email: info@globalhunter.ca
Website: www.globalhunter.ca
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