Toronto, Ontario, March 13, 2012: Canadian Silver Hunter Inc. (the “Company”) (TSX-V: AGH) is pleased to announce that it has staked an additional 7 claim blocks, for a total of 79 claim units comprising just under 1300 hectares, adjacent to the Company’s existing Keeley Frontier property. The new claims cover the extensions of known silver-bearing fault structures, as well as the down-dip extension of the Silver Centre Nipissing diabase basin.
High grade silver mineralization at the Keeley Frontier mine is controlled by dilational features within fault structures that intersect both the top and bottom contacts of the Silver Centre Nipissing diabase sill. The Company has begun to use a variety of surface and borehole geophysical methods, along with geochemistry and 3D structural analysis to explore known silver bearing structures and locate new structures proximal to the Nipissing diabase sill on the current Keeley Frontier mine property. Adding the new claims will provide additional target areas along fault/sill contacts at depth, and in some cases close to surface.
Canadian Silver Hunter also reports that it has completed an initial 6 hole diamond drill program totaling 2058 metres, on its Keeley Frontier project. Approximately 550 samples have been split and sent for aqua regia digestion and multi-element (including Ag, Co, Ni, Bi, Sb) analysis (ICP-OES finish) at AGAT Laboratories Ltd. in Mississauga, Ontario. The drill program was carried out under contract by Laframboise Drilling Inc. of Earlton Ontario and supervised by David R. Jamieson P.Geo and Dean R. Cutting P.Geo. Initial assay results are now being received and a news release summarizing these results will be made available after assays from the first several holes are complete.
AGAT is a fully accredited laboratory and conforms with the requirements of CAN-P-4E (ISO/IEC 17025:2005) and CAN-P-1579 by the Standards Council of Canada. AGAT Laboratories provides delivery of split core samples from the Canadian Silver Hunter core shack in North Cobalt, to the preparation lab in Sudbury, Ontario. QA/QC programs include the use of standard and blank samples inserted into the assay stream every 25 samples in addition to the lab’s internal QA/QC programs. Samples assaying greater than 100 g/t Ag are fire assayed with a gravimetric finish.
Mr. Gerald Harron, P.Eng., is the “Qualified Person” under NI 43-101 and has reviewed the technical information contained in this news release.
About Canadian Silver Hunter
CSH is a junior mineral exploration company focused primarily on the identification, evaluation, acquisition and exploration of mineral properties. CSH holds a 100% interest in the prolific past producing Keeley Frontier project, located in the South Lorrain Township, Larder lake Mining Division, Ontario. CSH’s current focus is on the exploration of the Keeley Frontier project for silver, cobalt and nickel deposits.
For further information please contact:
Canadian Silver Hunter Inc.
President and CEO
Tel: (416) 707 4230
CAUTIONARY STATEMENT: “Neither 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. This News 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, project development, reclamation and capital costs of the Company’s mineral properties, 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; technological and 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.”