Cambior: Update on the Drilling Program at the Westwood Project and Conference Call on Third Quarter 2003 Results.Business Editors LONGUEUIL Longueuil, city (1991 pop. 129,874), S Que., Canada, on the St. Lawrence River opposite Montreal. It is a residential and industrial suburb of Montreal. It annexed Montreal South in 1961, and merged with the city of Jacques-Cartier in 1969. , Quebec--(BUSINESS WIRE)--Oct. 15, 2003 The deep drilling program on the Westwood Westwood. 1 Residential town (1990 pop. 12,557), Norfolk co., E Mass., in the greater Boston area; settled 1640, inc. 1897. It has several early 18th-century buildings. 2 Residential borough (1990 pop. 10,446), Bergen co., NE N.J. project located approximately 2 kilometers east of the Doyon mine continues to generate positive results. The second wedge from main hole 1158-02 intersected the north corridor, which contains Zones 1 and 2 of the Doyon mine, and the Westwood horizon. The geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. context is similar to that described in previous press releases. The north corridor was intersected between a depth of 1,731 and 1,992 meters (1,500 to 1,600 meters vertical depth), approximately 140 meters to the east of the main hole. This corridor is 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 intermediate and mafic maf·ic adj. Containing or relating to a group of dark-colored minerals, composed chiefly of magnesium and iron, that occur in igneous rocks. volcanics, locally sericitized and 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. with disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. sulfides, and intersected by a few 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. The second mineralized zone constitutes the Westwood horizon, which was intersected between a depth of 2,025 and 2,145 meters (1,720 meters vertical depth), approximately 210 meters below the main hole. This horizon is composed of multiple veinlets and bands of semi-massive pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , with locally associated chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and sphalerite sphalerite (sfăl`ərīt, sfā`–), mineral composed of zinc sulfide, usually containing some iron and a little cadmium. It occurs in crystals of the isometric system but more generally in cleavable, compact masses. , all encased en·case tr.v. en·cased, en·cas·ing, en·cas·es To enclose in or as if in a case. en·case  ment n. in a strongly altered dacitic Adj. 1. dacitic - relating to or consisting of dacite; "dacitic magma is highly viscous" unit.
The most significant results include: North corridor - 3.9 g Au/t, 8.9 g Ag/t and 0.20% Cu over 4.1 meters - 12.1 g Au/t over 2.9 meters, including 111.5 g Au/t over 1.0 meter - 36.1 g Au/t over 0.6 meter - 2.5 g Au/t and 2.6 g Ag/t over 6.1 meters, including 6.5 g Au/t and 3.2 g Au/t over 0.6 meter Westwood corridor - 5.2 g Au/t and 2.4 g Ag/t over 7.5 meters, including 23.6 g Au/t and 5.2 g Ag/t over 0.8 meter The detailed drilling results from this second wedge as well as the best results from the previous holes are attached to this press release. A longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. section detailing the Westwood project is also attached. New Deep Hole and Exploration Drift By the end of this month, the Company will initiate a new deep drillhole (2,600 meters) from the surface to test the lower extension of the current 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. . It is also expected that an exploration drift will be driven from level 14 of the Doyon mine towards the Westwood area. This exploration drift will make it possible to establish drilling bases as the drift progresses in order to explore the eastern sector of the Doyon mine. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. P. Gignac Gignac is the name or part of the name of several communes in France:
An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. and mineralization of the Westwood horizon is typical of the semi-massive or massive sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. deposits found at the Bousquet and LaRonde mines. The results to date encourage us to continue our efforts with a third wedge from the main hole. We expect to obtain assay results towards the end of the fourth quarter of this year." Quality Control Follow up on the drilling program was carried out by Cambior employees, under the supervision of Ms. Marie-France Bugnon, Geologist, M.Sc. Manager, Exploration-Canada. Ms. Bugnon is a qualified person (as defined by National Instrument 43-101) employed by Cambior for more than 7 years and with more than 24 years of experience in exploration. The assay samples came from core halves varying in length from 0.5 to 1.5 meter. They were sent for assaying at Techni-Lab S.G.B. Abitibi Abitibi may mean:
Deliberative council in the city-states of ancient Greece. It existed in almost all constitutional city-states, especially from the late 6th century BC. In Athens the boule was created as an aristocratic body by Solon in 594 BC; later, under Cleisthenes, 500 members , Quebec Quebec, city, Canada Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers. . The samples were assayed by fire-assay followed by atomic absorption or gravimetry gra·vim·e·ter n. 1. An instrument used to measure specific gravity. 2. An instrument used to measure variations in a gravitational field. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry standards. Repeats on the coarse rejects were carried out on all mineralized intersections of interest and on the majority of the samples containing 1 g Au/t or more. These repeats were duplicated by the laboratory and verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. by a second independent laboratory, Intertek Testing Services of Val d'Or Val d'Or (väl dôr), town (1991 pop. 23,842), SW Que., Canada, SE of Rouyn-Noranda. It is a mining center. Gold was discovered in the region in 1909; copper, zinc, lead, and molybdenum are also mined. , and corroborated cor·rob·o·rate tr.v. cor·rob·o·rat·ed, cor·rob·o·rat·ing, cor·rob·o·rates To strengthen or support with other evidence; make more certain. See Synonyms at confirm. the results. The map mentioned in the text is attached to this press release. If you did not receive it, you can download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the map with this press release from the Cambior website, www.cambior.com, or you can contact us at the number indicated at the end of this release. Conference Call for the Third Quarter 2003 Results Cambior will host a call conference on October 23, 2003 at 1:30 p.m., local time, to discuss its third quarter 2003 financial results, which will be released Wednesday, October 22, after the close of markets. Financial analysts are invited to participate in the call by dialing 1-800-346-5998 in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Outside of North America, please dial (416) 641-6656. Media and all other interested individuals are invited to listen to the live webcast on the Cambior website at www.cambior.com or through CCNMatthews at www.ccnmatthews.com/cambior. The conference call will be available for replay for a period of 48 hours by calling (416) 626-4100, reservation #21162187. The webcast will also be archived on the Company's website. Cambior Inc. is an international gold producer with operations, development projects and exploration activities throughout the Americas. Cambior's shares trade on the Toronto (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) and American (AMEX AMEX See: American Stock Exchange ) stock exchanges under the symbol "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 ". Cambior's warrant trades on the TSX. Caution Concerning 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. This press release contains certain "forward-looking statements", including, but not limited to, statements concerning the current drilling program, the continuing development plan and the type of mineralization present. Forward-looking statements involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, among other things, but without limitation, those set forth in Cambior's 2002 Annual Information Form filed with the Securities Commissions of all provinces in Canada, and with the United Stated Securities and Exchange Commission, as well as the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. .
APPENDIX 1 - RESULTS OF THE 2002-03 DRILLING PROGRAM-WESTWOOD PROJECT
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Inter-
Hole No. Interval sected True Au Ag Cu Zn
From - To Length thick- (g/t) (g/t) (%) (%)
(meters) (m) ness
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New results
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1158B-03 Hole begins at 1,613.5 m
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1,741.9 -
1,750.0 8.1 4.1 3.9 8.9 0.20
Including
1,746.0 -
1,750.0 4.0 2.0 5.7 16.1 0.27
---------------------------------------------------------------------
1,793.5 -
1,794.0 0.5 0.3 1.6 2.3
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1,817.5 -
1,818.8 1.3 0.7 1.8
---------------------------------------------------------------------
1,820.5 -
1,821.5 1.0 0.6 0.2 0.23
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1,835.0 -
1,838.0 3.0 1.7 1.3
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1,852.0 -
1,853.0 1.0 0.6 2.5 1.6
---------------------------------------------------------------------
1,854.0 -
1,855.0 1.0 0.6 1.6 2.2
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1,857.0 -
1,858.5 1.5 0.9 2.1
---------------------------------------------------------------------
1,861.0 -
1,862.5 1.5 0.9 2.3
---------------------------------------------------------------------
1,874.5 -
1,879.0 4.5 2.9 12.1
(cut at 34 g/t)
Including
1,877.5 -
1,879.0 1.5 1.0 111.5
---------------------------------------------------------------------
1,880.0 -
1,882.5 2.5 1.6 2.4
---------------------------------------------------------------------
1,885.0 -
1,886.0 1.0 0.6 36.1 1.7
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1,887.0 -
1,896.5 9.5 6.0 2.1
---------------------------------------------------------------------
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1158C-03 Hole begins at 1,880 m
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1,881.0 -
1,884.0 3.0 1.7 1.2 1.8
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1,885.0 -
1,896.0 11.0 6.1 2.5 2.6
Including
1,889.5 -
1,890.5 1.0 0.6 6.5 3.2 0.10
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1,930.5 -
1,936.0 5.5 3.0 2.2 3.6
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1,946.0 -
1,951.5 5.5 3.0 1.9 2.7
---------------------------------------------------------------------
1,979.4 -
1,982.3 2.9 1.6 3.6 2.7
---------------------------------------------------------------------
2,020.5 -
2,022.0 1.5 0.8 2.0 14.3 0.36
---------------------------------------------------------------------
2,029.5 -
2,032.5 3.0 1.7 1.0 3.7
---------------------------------------------------------------------
2,034.0 -
2,035.5 1.5 0.8 1.2 3.4
---------------------------------------------------------------------
2,053.5 -
2,067.0 13.5 7.5 5.2 2.4
Including
2,065.5 -
2,067.0 1.5 0.8 23.6 5.2
---------------------------------------------------------------------
2,068.5 -
2,076.0 7.5 4.1 1.4 2.5
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2,082.0 -
2,083.1 1.1 0.6 1.6 4.4 0.10
---------------------------------------------------------------------
2,087.0 -
2,089.0 2.0 1.1 1.0 2.1
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2,100.0 -
2,114.0 14.0 7.8 1.3 3.4
---------------------------------------------------------------------
2,139.9 -
2,142.0 2.1 1.2 1.3 10.9 0.27
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Hole ends at 2,205 m
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Notes: Hole 1158B-03 ended at 1,897 meters following a technical
breakdown and was continued by hole 1158C-03
Only results greater than 1 g Au/t have been reported
RESULTS FOR PREVIOUS DRILL HOLES ON THE WESTWOOD PROJECT
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Inter-
Hole No. Interval sected Au Ag Cu Zn
From - To Length (g/t) (g/t) (%) (%)
(meters) (1)(m)
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Previous results
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1158A-03 1,791.5 -
1,796.5 5.0 34.3 25.3 0.24
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(ou 14.8 if cut at 34 g)
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Incl. 1,791.5 -
1,792.8 1.3 50.0 75 0.64
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and 1,794.5 -
1,795.0 0.5 180.9 48 0.53
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1,799.5 -
1,812.65 13.15 1.7 3.0
---------------------------------------------------------------------
1,826.9 -
1,829.25 2.35 9.4 11.1 0.61
---------------------------------------------------------------------
1,840.0 -
1,840.5 0.5 1.4 2.0
---------------------------------------------------------------------
1,841.75 -
1,842.5 0.75 7.5 5.6 0.39
---------------------------------------------------------------------
1,848.0 -
1,849.5 1.5 3.5
---------------------------------------------------------------------
1,866.0 -
1,867.5 1.5 1.2 2.8
---------------------------------------------------------------------
1,899.0 -
1,905.5 6.5 8.1 4.5 0.17
---------------------------------------------------------------------
Incl. 1,903.5 -
1,905.5 2.0 20.2 8.5 0.35
---------------------------------------------------------------------
1,945.5 -
1,946.1 0.6 2.2 14.7 0.48
---------------------------------------------------------------------
1,961.5 -
1,963.5 2.0 0.15 3.5 1.80
---------------------------------------------------------------------
---------------------------------------------------------------------
1158-02 1,697.4 -
1,698.0 0.6 39.3 12.6 0.07
---------------------------------------------------------------------
1,719.0 -
1,722.5 3.5 11.8 5.8 0.24 0.06
---------------------------------------------------------------------
Incl. 1,719.0 -
1,720.0 1.0 36.3 11.8 0.23
---------------------------------------------------------------------
and 1,721.5 -
1,722.5 1.0 4.4 5.3 0.31 0.19
---------------------------------------------------------------------
1,753.8 -
1,754.5 0.7 11.0 2.4 0.13
---------------------------------------------------------------------
1,877.5 -
1,887.0 9.5 4.2 6.2 0.14
---------------------------------------------------------------------
Incl. 1,883.0 -
1,887.0 4.0 6.0 9.5 0.09
---------------------------------------------------------------------
1,894.0 -
1,909.25 15.25 3.4 6.2 0.38
---------------------------------------------------------------------
Incl. 1,904.0 -
1,909.25 5.25 5.5 9.8 0.58
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and 1,906.0 -
1,906.6 0.6 16.3 19.6 0.36
---------------------------------------------------------------------
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1017-90 1,268.5 -
1,273.5 5.0 4.1 6.7 0.07 0.04
---------------------------------------------------------------------
1,393.0 -
1,398.5 5.5 5.7 2.3 0.2
---------------------------------------------------------------------
(1) Drilling intersected the zones at steep angles, representing
nearly true thicknesses.
Note: Only results greater than 1 g Au/t have been reported
A map of Doyon mine - Westwood project is available on CCNMatthews' web site at the following address: http://www2.cdn-news.com/database/fax/2000/cbja1015.jpg |
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