Canadian Silver Hunter Expands Project Area and Launches New Website
TORONTO, ONTARIO -- (Marketwired) -- 04/08/13 -- Canadian Silver Hunter Inc. (the "Company") (TSX VENTURE: AGH) is pleased to announce the expansion of its exploration area and the launch of its new website: www.candiansilverhunter.ca.
The Company's "South Lorrain Project" includes (i) the Keeley Frontier property, which has been the focus of the Company's exploration program to date; and also includes (ii) the Veinlode claims consisting of 26 patented leases currently held by Veinlode Silver Mines Ltd., covering approximately 444 ha and which are located directly west of and contiguous with the Keeley Frontier property; (iii) the Montreal River Extension consisting of 6 unpatented claims (79 claim units) covering approximately 1300 ha, which are located west of and contiguous with the Veinlode claims; and (iv) the Tooth Lake claim, located south of the Keeley Frontier property.
More information on the South Lorrain Project can be found on the Company's updated website, which was redesigned to provide easy access to the Company's progress and plans. The website will now meet the increasing demands of both retail and institutional shareholders, prospective investors, investment advisors, and financial institutions, by offering simplified navigation of exploration, project, and corporate information.
About Canadian Silver Hunter Inc.
Canadian Silver Hunter Inc. is a Canadian exploration company focused on the exploration of silver-cobalt deposits on its flagship South Lorrain Project (formerly the Keeley Frontier Project). The South Lorrain Project is located within the historic South Lorrain Silver Camp, which along with the historic Cobalt and Gowganda silver camps is part of a world class silver district in the Abitibi Greenstone Belt between Temagami and Kirkland Lake, in northeastern Ontario.
The South Lorrain Project is made up of four properties, centered by two prolific past producing silver-cobalt mines, the Keeley and the Frontier. Combined production from the two mines totaled 19.2 million ounces of silver, and 3.3 million pounds of cobalt, with an average grade of 58 ounces of silver per tonne.
Recent diamond drilling by the Company returned significant silver values between 111.0 and 122.3 metres downhole, including 1517.0 g/tonne over 0.3 metres, 479 g/tonne over 0.4 metres, and 91 g/tonne over 0.3 metres. This zone appears to be related to a new silver bearing structure.
Results from the recent power stripping and channel sampling program returned silver values ranging from 0.4 g/t to 190 g/t, with only 7 of the 77 samples taken assaying below 1.0 g/t Ag.
The company will continue to focus its exploration efforts on the existing targets located on the Keeley-Frontier property portion of the project. For further details about the Company's project and plans please visit the Canadian Silver Hunter Inc. website at www.canadiansilverhunter.ca.
Mr. Gerald Harron, P. Eng., is the "Qualified Person" under NI 43-101 and has reviewed and approved the technical information contained in this news release. Any potential quantities and grades noted herein are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in any targets being delineated as a mineral resource.
This release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration or project development related to the Company's mineral properties, outcomes of proposed or contemplated acquisitions or other transactions, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
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:
Canadian Silver Hunter Inc.
Jeffrey Hunter
President and CEO
(647) 348 6966
jhunter@cshi.ca
www.canadiansilverhunter.ca