CAMBIOR INC.: Seogui Project Diamond Drilling Results.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 14, 2000 CAMBIOR Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior’s shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol “CBJ”. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet .) (AMEX AMEX See: American Stock Exchange :CBJ) Cambior Inc. is pleased to announce results of a first phase diamond drill program on its Seogui project, located in the eastern part of the Republic of Guinea Guinea, archaic term for Africa's west coast Guinea (gĭn`ē), an archaic term for the west coast of Africa. In its widest sense it has been applied to the region from Angola to Senegal. , West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . The Seogui property is owned by Japan Mining Company and consists of a 200 km2 mining concession located near Mandiana Mandiana is a town located in eastern Guinea. It is the capital of Mandiana Prefecture. . The property lies approximately 75 kilometers southeast of the low production-cost Siguiri mine, owned by Ashanti Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Ltd. The Seogui property is easily accessible by road, with the rainy rain·y adj. rain·i·er, rain·i·est Characterized by, full of, or bringing rain. rain  i·ness n.Adj. season extending from July to September. Cambior holds an option to purchase an 85 % interest in the Seogui property. The drilling program consisted of 19 holes totaling 1,482 meters. The holes averaged 78 meters in length and were drilled to the east at 45o and spaced approximately 75 metres apart; all but two of the holes terminated in saprolite sap·ro·lite n. Soft, partially decomposed rock rich in clay and remaining in its original place. saprolite . Four east-west drill fences (17 holes) were completed to test a north-trending zone six kilometers in length in the southwestern portion of the property. This zone includes the Taman Krouni, Krouba and Kabada target areas. Two additional holes were drilled to test a target area in the southeastern corner of the property. The drilling program was completed in December 1999, and all drilling results are indicated in Table 1. HIGHLIGHTS The best results were obtained at Krouba, where holes 10 and 11 combine to define a single mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. section with an average cut grade of 3.7 g Au/t (6.3 g Au/t uncut). The mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is interpreted to conform with the enclosing en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. sandstone sandstone, sedimentary rock formed by the cementing together of grains of sand. The usual cementing material in sandstone is calcium carbonate, iron oxides, or silica, and the hardness of sandstone varies according to the character of the cementing material; quartz rocks, yielding a true width of 40 to 47 meters. SOUTHWESTERN ANOMALY Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. This anomaly area is defined by soil gold anomalies and numerous shallow diggings by local gold miners. Gold mineralization within the anomaly is hosted by steeply west-dipping, foliated fo·li·at·ed adj. Of or relating to rock that exhibits a layered structure. Adj. 1. foliated - ornamented with foliage or foils; "foliate tracery"; "a foliated capital" foliate sandstones that are characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. veinlets and stockworks. Taman Krouni Target. Seven holes, totaling 521 meters, were drilled on one fence at the Taman Krouni target. The best intersections include:
Hole No. Intersection
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2 2 m @ 1.3 g Au/t
3 3 m @ 1.6 g Au/t
4 3 m @ 2.3 g Au/t; 2 m @ 7.0 g Au/t; 2 m @ 1.9 g Au/t
5 5 m @ 5.0 g Au/t; 1 m @ 2.6 g Au/t; 2 m @ 1.6 g Au/t
6 3.5 m @ 1.9 g Au/t
7 8 m @ 2.5 g Au/t
Krouba Target. Nine holes on two fences were drilled at the
Krouba target. The northern fence is located 1.7 kilometers south of
the Taman Krouni holes and the second fence lies 750 meters further to
the south. The best intersections include:
Hole No. Intersection
---------------------------------------------------------------------
9 1.5m @ 6.8 g Au/t
North Fence 10 41 m @ 5.2 g Au/t
(hole terminated in mineralized zone) 11 27 m @ 1.4
g Au/t; 4 m @ 1.1 g Au/t 12 7 m @ 1.9 g Au/t; 1.0 m @ 1.0
g Au/t
14 3 m @ 1.1 g Au/t
South Fence 15 2 m @ 2.7 g Au/t, 0.5 m @ 3.3 g Au/t
16 1 m @ 3.7 g Au/t, 1.0 m @ 4.6 g Au/t
Kabada Target. Hole 17, the sole hole drilled in this target area, yielded 4.5 m @ 3.1 g Au/t. This intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. lies some 1,600 meters south of the south drill fence at Krouba. SOUTHEASTERN ANOMALY The southeastern anomaly consists of a gold geochemical anomaly three kilometers in length and is located near the village of Kokoun, 15 kilometers east of the southwestern anomaly. Numerous shallow workings of local miners are observed in the area. The geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. and style of mineralization are similar to that of the southwestern anomaly, except that gold is found in both foliated sandstone and intrusive rocks (Geol.) rocks which have been forced, while in a plastic or melted state, into the cavities or between the cracks or layers of other rocks. The term is sometimes used as equivalent to plutonic rocks ltname>. It is then contrasted with effusive or volcanic rocks. See also: Intrusive . Two holes were drilled to test the anomaly; hole 18 yielded 10.2 m @ 1.1 g Au/t. The drill core was split and the nominal sample length was one meter in general. One half of the core was sent for assay to Intertek Testing Services Bondar-Clegg of Mandiana, Republic of Guinea. All assay results in excess of 31.1 g Au/t were cut to 31.1 g Au/t. The cut assays were then used to calculate the weighted average results reported herein, unless otherwise noted. Cambior Inc. is an international diversified diversified (di·verˑ·s gold producer with operations, development projects and exploration activities throughout the Americas. Cambior's shares trade on the Toronto and American (AMEX) stock exchanges under the symbol "CBJ". This press release contains certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ", as defined in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such risks and uncertainties are disclosed under the heading "Risk Factors" in Cambior's Annual Information Form (AIF AIF Annual Information Form AIF Apoptosis-Inducing Factor AIF Agence Intergouvernementale de la Francophonie (French: Intergovernmental Agency for Francophony) AIF Australian Imperial Force ) filed with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. , the Quebec Securities Commission, the United States Securities and Exchange Commission (Form 40-F) and other regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities .
TABLE 1
SEOGUI PROJECT DRILLING RESULTS
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Hole Zone Cut-off 0.3g Au/t Comments
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From (m) To (m) Lenght (m) Au (g/t)
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CS99-01 Taman Krouni No significant
intercept
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CS99-02 Taman Krouni 6.0 8.0 2.0 1.3
17.0 18.0 1.0 0.5
36.0 39.0 3.0 0.5
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CS99-03 Taman Krouni 5.0 7.0 2.0 0.4
9.0 12.0 3.0 1.6
13.0 15.0 2.0 0.8
16.0 18.0 2.0 0.5
40.0 41.0 1.0 0.4
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CS99-04 Taman Krouni 3.0 5.0 2.0 1.9
7.0 9.0 2.0 0.8
14.0 15.0 1.0 1.2
18.0 19.0 1.0 0.4
21.0 22.0 1.0 0.5
36.0 38.0 2.0 0.5
47.0 48.0 1.0 0.8
50.0 51.0 1.0 4.7
53.0 54.0 1.0 0.3
57.0 59.0 2.0 7.0 Includes 13.4
g/t Au over
1 meter
63.0 64.0 1.0 1.2
65.0 67.0 2.0 0.8
75.0 77.0 2.0 1.0
78.0 81.0 3.0 2.3 Ended in
mineralization
----------------------------------------------------------------------
CS99-05 Taman Krouni 3.0 5.0 2.0 1.6
8.0 9.0 1.0 0.4
16.0 18.0 2.0 0.6
20.0 24.0 4.0 0.7
33.0 35.0 2.0 0.5
39.0 40.0 1.0 0.5
47.0 48.0 1.0 2.6
60.0 65.0 5.0 5.0 Includes
14.3g/t Au
over 1 meter
79.0 81.0 2.0 0.4
----------------------------------------------------------------------
CS99-06 Taman Krouni 0.0 1.5 1.5 0.5
4.0 5.0 1.0 0.3
8.0 9.0 1.0 0.9
13.0 16.5 3.5 1.9
19.5 26.0 6.5 0.6
----------------------------------------------------------------------
CS99-07 Taman Krouni 0.0 1.5 1.5 0.4
5.0 7.0 2.0 0.6
18.0 22.5 4.5 0.5
33.0 34.0 1.0 16.8
36.0 37.0 1.0 2.2
40.0 41.0 1.0 0.4
51.0 53.0 2.0 0.4
64.0 65.0 1.0 1.1
76.0 79.5 3.5 0.9
----------------------------------------------------------------------
CS99-08 Krouba 39.0 40.0 1.0 0.3
----------------------------------------------------------------------
CS99-09 Krouba 48.0 49.5 1.5 6.9 Average of 3
repeats
(erratic gold)
----------------------------------------------------------------------
CS99-10 Krouba 6.0 10.0 4.0 0.6
11.0 12.0 1.0 0.4
17.0 18.0 1.0 0.9
40.0 41.0 1.0 0.4
43.5 53.0 9.5 5.9 Includes
33.31g Au/t
over 1 meter
54.0 58.5 4.5 1.6
68.0 69.0 1.0 0.5
70.0 72.0 2.0 120.0 4 oz/t Au over
2 meters.
74.0 75.0 1.0 0.3
78.0 81.0 3.0 28.4
----------------------------------------------------------------------
CS99-11 Krouba 0.0 9.0 9.0 0.6
10.0 15.0 5.0 3.0
17.0 18.0 1.0 1.8
23.0 27.0 4.0 3.7
47.0 51.0 4.0 1.1
74.0 75.0 1.0 0.9
----------------------------------------------------------------------
CS99-12 Krouba 3.0 10.0 7.0 1.9
42.0 43.0 1.0 1.0
----------------------------------------------------------------------
CS99-13 Krouba 1.5 3.0 1.5 0.5
21.0 22.0 1.0 0.4
----------------------------------------------------------------------
CS99-14 Krouba South 9.0 12.0 3.0 1.1
27.0 28.0 1.0 0.4
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CS99-15 Krouba South 0.0 4.0 4.0 0.6
31.0 31.5 0.5 3.5
34.0 36.0 2.0 2.7
44.0 46.5 2.5 0.8
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CS99-16 Krouba South 44.0 45.0 1.0 3.7
75.0 76.0 1.0 4.6
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CS99-17 Kabada 4.5 9.0 4.5 3.1
----------------------------------------------------------------------
CS99-18 Koukoun 47.8 58.0 10.2 1.1
64.5 67.0 2.5 0.4
---------------------------------------------------------------------
CS99-19 Koukoun 12.0 13.5 1.5 0.5
15.0 18.0 3.0 0.5
----------------------------------------------------------------------
Note: High-grade values were cut-off at 31.1 g Au/t (1oz/tonne)
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