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Global Hunter Corp. 
Head Office: Global Hunter Corp
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Investor Relations:
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Shares Listed:
Symbol: BOB Frankfurt Stock Exchange Symbol: G5D Solicitor: Holmes & King Auditor: MacKay, LLP Transfer Agent: CIBC Mellon Trust Company |
Global Hunter Corp. ("Global Hunter") has built an outstanding portfolio of projects with a focus on strategic and base metals, particularly copper and molybdenum. Its projects are advanced-staged and hosted in the stable geopolitical geographies of Canada and Chile where infrastructure and experienced professionals make it easy to explore and advance efficiently. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring the company additional stability, strength and value.
The Company is currently listed on the TSX Venture Exchange (TSX.V: BOB) and the Frankfurt Stock Exchange (FSE: G5D)
Our Projects
Rabbit South, British Columbia:
La Corona de Cobre, Chile:
Summary
La Corona de Cobre
Global Hunter's La Corona de Cobre project is over 15,000 hectares of land located in the Coast Range of the Andean Cordillera, Chile, an area often referred to as the Chilean Iron Belt. The property is on the Pan American Highway, 70-kilometres north of the port city La Serena.
The property is located at the southern end of the Atacama Fault Zone, a north-northeast regional feature that stretches for over 1,000 kilometres and hosts several large copper deposits in Chile including Phelps Dodge's Candelaria (400 million tonnes grading 0.95% copper and 0.2% gold) and Anglo-American's Manto Verde ( 100 million tonnes averaging 0.80% copper) deposits.
 Click to enlarge |
Details
Global Hunter's La Corona de Cobre hosts a swarm of 15 shear zones ranging from 10 to 150 metres in thickness and from one-half to nine-kilometres in length have been identified on the property.
 Click to enlarge |
Las Posadas Shear Zone
The most advanced exploration target on the property is the Las Posadas---a shear zone that has been traced for 2,400 metres in length and averages between 40 and 60 metres in width with copper oxide mineralization identified to an average depth of 140 metres from surface.
Mineral Resource Estimate
Based on 57 drill holes, Las Posadas has the following code compliant mineral resource at $1.61/lb copper with a cutoff of 0.16% copper: (
Click here to view Resource Estimate
)
| Indicated | 8,490,000 tonnes | 0.16% Cu | 114,900,000 lbs copper |
| Inferred | 4,600,000 tonnes | 0.48% Cu | 49,400,000 lbs copper |
Price sensitivity analysis studies by Micon International indicate that at $2.50 per pound of copper with a cutoff grade of 0.10% copper:
| Indicated | 14,250,000 tonnes | 0.455% Cu | 143,000,000 lbs copper |
| Inferred | 9,290,000 tonnes | 0.366% Cu | 74,200,000 lbs copper |
Property Geology
The eastern portion of the property is underlain mainly by lower cretaceous andesites while the western portion of the property is underlain predominantly by granodiorites. The miocene and quaternary gravels cover linear quebradas, or basins mostly trending northerly, concordant with the AFZ. There are generally two types of widespread alteration in that area, a northerly calc-silicate, chlorite-silica, sericite zone and a southern zone of disseminated silica with phyllic alteration. The southern zone has local developments of quartz-hematite veins and stockworks.
More...
IOCG Potential
La Corona de Cobre comprises a sector of the Atacama Fault Zone (AFZ) at the intersection of a major E-W regional fault system. The Tres Cruces Fault zone which runs to the Argentinean Cordillera. The AFZ is a complex of deep fissures that can be traced for 2,000 kilometres along the Coastal Belt. There are numerous intrusives and plugs along the AFZ. The sector from Gran Copiapó to La Serena (350 kilometres) has been called The Iron Belt. The many gashes and structures contain massive iron oxides -- mostly magnetite and specimen specular hematite. These also carry, and are associated, with copper and gold mineralization. These have been mined, selectively, high graded: or in bulk-high volume.
High grade open cut at Las Posadas Click to enlarge | Exploration team at La Corona de Cobre, Chile Click to enlarge |
Terms
In Phase I of its exploration program, which commenced in October 2005, Global Hunter completed 14 reverse-circulation drill holes totaling 2,838 metres, and five diamond-drill holes totaling 1,046 metres. This drill program was designed to provide additional confidence to the previous drilling conducted on the shear zone and expand the known mineralization.
The results indicated that the high-grade portion of the mineralization had been expanded 150 metres to the south and 50 metres to the north giving a total strike length of 550 metres within the overall mineralized strike length of 1,500 metres. The entire 1,500 metre strike length had been drilled on 50-metre spacing. It was confirmed that Las Posadas is open to both the north and south with drill holes intersecting copper oxide mineralization over a composite strike length of 2,400 metres.
The Company released results from a resource estimate based on current and past results on June 9, 2006. The estimate was prepared by Micon International Limited using a Whittle optimized pit shell at various copper prices. (View NI 43-101 Report)
History - Las Posadas prospect:
2005 Exploration
2006 National Instrument 43-101 Resource Estimate Released
(complete details can be found under Resource Estimate and Sensitivity Analysis here)
| Cu Price | Tonnes | Cu SOL | Cu SOL (M lbs Cu) |
| 1.61 | 8,490,000 | 0.614% | 114,900,000 |
| 1.61 | 4,600,000 | 0.489% | 49,4000,000 |
| 2.50 | 14,250,000 | 0.455% | 143,000,000 |
| 2.50 | 9,290,000 | 0.366% | 74,200,000 |
| 3.00 | 15,490,000 | 0.429% | 146,500,000 |
| 3.00 | 10,470,000 | 0.342% | 79,000,000 |
Recent Exploration Recently completed >9,500 metres of infill and step-out drilling to upgrade and expand resource and test sulphide mineralization below oxide Commenced bottle roll and long column leach testing to define metallurgical process Commenced environmental baseline studies to complete EIA
2007 Results:
| Sulphides: | Oxides: |
| LP-59 – 54m @ 0.84%TCu | LP-63 – 48m @ 1.00% solCu |
| LP-61 – 52m @ 1.09%TCu | LP-65 – 16m @ 1.02% solCu |
| LP-71 – 134m @ 0.55% TCu | LP-72 – 20m @ 0.71 solCu |
| LP-77 – 52m @ 0.94% TCu | LP-85 – 52m @ 1.42% solCu |
| LP-79 – 34m @ 1.14% TCu | |
| LP-80 – 8m @ 2.50% TCu |
Geological Overview
| Plan Map and Long-Section |
 |
| Cross Section 49350N | Cross Section 49450N |
| Cross Section 49900N | Cross Section 50285 |
| 1:50,000 recon map | |
| Click Here | Click Here |
2006 Resource Estimate
 Las Posadas proposed pit looking North Click to enlarge |
In June of 2006 Global Hunter Corporation announced the results of a completed resource estimate prepared by its independent consultant Micon International Ltd., B. Terrance Hennessey, P. Geo.
Mineral Resources: $1.61 /lb copper at a cutoff of 0.16% CuSol:
In addition to the base case mineral resource the Company requested Micon to conduct further studies to determine sensitivity to US$2.00, $2.50, and $3.00 copper prices. These results are summarized below:
Sensitivity Analysis: $2.00 /lb copper at a cutoff of 0.13% CuSol:
Sensitivity Analysis: $2.50 /lb copper at a cutoff of 0.10% CuSol:
Sensitivity Analysis: $3.00 /lb copper at a cutoff of 0.085% CuSol:
NOTE:
Global Hunter and Micon make no predictions as to the future price of copper
Cu Sol = Acid soluble copper, Cu TTL = Total copper.
| LAS POSADAS PROJECT | |||||
| MINERAL RESOURCE ESTIMATE (US$1.61) | |||||
| Category | Zone | TONNES | Cu SOL (%) | Contained CuSol (M lbs Cu) | Cu TTL (%) |
| Indicated | Oxide | 8,490,000 | 0.614 | 114.9 | 0.730 |
| Mixed | 0 | 0.000 | 0.0 | 0.000 | |
| Total | 8,490,000 | 0.614 | 114.9 | 0.730 | |
| Inferred | Oxide | 3,200,000 | 0.461 | 32.5 | 0.534 |
| Mixed | 1,390,000 | 0.553 | 16.9 | 0.624 | |
| Total | 4,600,000 | 0.489 | 49.4 | 0.561 | |
| Cu = $1.61 (2 year trailing price average) Internal cutoff grade = 0.16% CuSol Columns may not add up precisely due to rounding. NOTE: Global Hunter and Micon make no predictions as to the future price of copper | |||||
| LAS POSADAS PROJECT | |||||
| RESOURCE SENSITIVITY TO COPPER PRICE (US$2.00) | |||||
| Category | Zone | TONNES | Cu SOL (%) | Contained CuSol (M lbs Cu) | Cu TTL (%) |
| Indicated | Oxide | 11,980,000 | 0.512 | 135.2 | 0.629 |
| Mixed | 0 | 0.000 | 0.0 | 0.000 | |
| Total | 11,980,000 | 0.512 | 135.2 | 0.629 | |
| Inferred | Oxide | 5,090,000 | 0.384 | 43.1 | 0.459 |
| Mixed | 1,750,000 | 0.511 | 19.7 | 0.594 | |
| Total | 6,850,000 | 0.417 | 62.8 | 0.494 | |
| Internal cut-off grade = 0.13% soluble CuSol Columns may not add up precisely due to rounding. NOTE: Global Hunter and Micon make no predictions as to the future price of copper | |||||
| LAS POSADAS PROJECT | |||||
| RESOURCE SENSITIVITY TO COPPER PRICE (US$2.50) | |||||
| Category | Zone | TONNES | Cu SOL (%) | Contained CuSol (M lbs Cu) | Cu TTL (%) |
| Indicated | Oxide | 14,250,000 | 0.455 | 143.0 | 0.576 |
| Mixed | 0 | 0.000 | 0 | 0.000 | |
| Total | 14,250,000 | 0.455 | 143.0 | 0.576 | |
| Inferred | Oxide | 7,180,000 | 0.333 | 52.7 | 0.406 |
| Mixed | 2,110,000 | 0.461 | 21.5 | 0.554 | |
| Total | 9,290,000 | 0.366 | 74.2 | 0.440 | |
| Internal cut-off grade = 0.10% soluble CuSol Note: Columns may not add up precisely due to rounding. NOTE: Global Hunter and Micon make no predictions as to the future price of copper | |||||
| LAS POSADAS PROJECT | |||||
| RESOURCE SENSITIVITY TO COPPER PRICE (US$3.00) | |||||
| Category | Zone | TONNES | Cu SOL (%) | Contained CuSol (M lbs Cu) | Cu TTL (%) |
| Indicated | Oxide | 15,490,000 | 0.429 | 146.5 | 0.552 |
| Mixed | 0 | 0.000 | 0.0 | 0.000 | |
| Total | 15,490,000 | 0.429 | 146.5 | 0.552 | |
| Inferred | Oxide | 8,040,000 | 0.317 | 56.2 | 0.391 |
| Mixed | 2,430,000 | 0.426 | 22.8 | 0.530 | |
| Total | 10,470,000 | 0.342 | 79.0 | 0.423 | |
| Internal cut-off grade = 0.085% soluble Cu Sol Note: Columns may not add up precisely due to rounding. Note: Micon makes no predictions as to the future price of copper. | |||||
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