BRITISH COLUMBIA – CANADIAN GOLD HUNTER of Vancouver says there are at least 1.04 billion lb of copper and 1.73 million oz of gold in the Donnelly zone at its GJ/Kinaskan project 75 km south of Dease Lake. And that is only the indicated resource in one zone.
Here is a summary of resources the company has reported using a 0.15% Cu cutoff:
Indicated: 172.15 million t at 0.27% Cu and 0.313 g/t Au;
Inferred: 25.72 million t at 0.24% Cu and 0.26 g/t Au.
NORTH DONNELLY ZONE
Inferred: 22.67 million t at 0.35% Cu and 0.36 g/t Au.
The Donnelly zone has been drilled to an average depth of about 300 m. It has been traced 1,600 m along strike and up to 340 m in width. The newly discovered North Donnelly zone has only been tested by 25 drill holes and is poorly understood.
Gold Hunter notes that its 2007 drilling program will consist of 15,000 m of diamond drilling, some of which will be used to infill and upgrade the higher-grade portions of the Donnelly zone. Additional drilling will be undertaken to expand and better define the newly discovered North Donnelly zone. An updated resource estimate will be completed following the 2007 program.
The Donnelly zones are near IMPERIAL METALs Red Chris development project and NOVAGOLDs Galore Creek project. For that reason, Gold Hunters work has attracted a great deal of attention from the mining and investment communities. Learn what makes it so promising at www.CanadianGoldHunter.com.