VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2009) - Global Hunter Corp. (TSX VENTURE:BOB) ("Global Hunter" or the "Company") is pleased to announce the results from the first four diamond holes drilled on its Rabbit South Project located in the Quesnel Trough in British Columbia.
- 14 diamond drill holes completed
- Assay results from two holes include:
-- Hole RS-D-08-123: 168.70 metres of 0.059% Mo and 0.116 g/t Re
-- Hole RS-D-08-127: 105.0 metres of 0.042% Mo and 0.092 g/t Re
- Assay results are pending for the remaining 10 holes
To view the table accompanying this release please click on the following link: http://media3.marketwire.com/docs/0202bob.pdf
"We are very excited to be moving the Rabbit South molybdenum project along with our drill program; we continue to verify historical drilling and are looking forward to explore the higher grade section of the deposit with our next drill program. Our belief remains that Rabbit South has the potential to become a strategic asset considering it is located in a prolific mining area with substantial history," said Mr. Rod Husband, president of Global Hunter.
All assays were done by EcoTech Laboratory Ltd. in Kamloops, British Columbia. The laboratory is ISO 9001-2000 certified and is a division of the Alex Stewart Group. For complete details on the assay procedures, please refer to News Release dated 17-Sept-2008, available on our website. The remaining results are currently being reviewed and undergoing QA/QC analysis and will be released once this process is complete.
ABOUT RABBIT SOUTH
The property consists of 1,900 hectares near Kamloops, British Columbia, a town with a deep history of mining. Rabbit South is strategically located in the Southern end of the Quesnel Trough - a rich geological belt that stretches throughout the center of BC, from Elk Valley to Kemess Mine. The Quesnel Trough hosts several major ore deposits, including the Highland Valley Copper Mine (British Columbia's largest porphyry copper mine), 25 kilometres southwest of Rabbit South, and Afton Mine (British Columbia's richest porphyry copper mine), 12 kilometres northeast of the property. Access to the property is available 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 three drill programs in 2005, 2007 and 2008.
Previous operators drilled a portion of the Rabbit South property extensively and established the existence of a large body of molybdenum mineralization. Historical work included 104 holes, of which 79 were percussion holes (6,009 metres) and 25 were diamond drill holes (2,968 metres). Near surface mineralization was intersected in 44 of these drill holes, but mineralization at depth was not fully explored.
The mineralized zone is horseshoe shaped and hosted by a molybdenite bearing quartz vein stockwork in quartz monzonite porphyry intrusion from surface to the low angle thrust fault that defines the contact with the underlying Nicola Group andesite and andesite tuffs.
Global Hunter is systematically confirming the historical results, as well as defining the low-angle, northerly dipping thrust fault that is the lower limit of mineralization. The fault extends from approximately 100 metres deep in the south to over 400 metres deep in the northern end of the mineralized zone.
The contents of this news release, including the technical information contained herein, was reviewed by Rod Husband, P. Geo, a qualified person as defined by National Instrument 43-101.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Global Hunter Corp.
(604) 681-4653 or 1-866-282-8398