Cambior Inc.: Update on the Westwood Project's Drilling Program.LONGUEUIL, Quebec This article is about the central municipality of Longueuil. For the agglomeration city, see Urban agglomeration of Longueuil. Longueuil (English pronunciation [lɑŋˈgɔɪ] -- Cambior Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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) The Deep Drilling Program Continues To Generate Positive Results On The North Corridor And The Westwood Horizon The most significant results include: Westwood Horizon - 2.7 g Au/t and 0.21% Cu over 9.2 metres - 3.2 g Au/t and 0.27% Cu over 2.1 metres - 2.0 g Au/t over 4.0 metres North Corridor - 10.6 g Au/t over 3.0 metres in a wider interval of low grade - 4.2 g Au/t and 0.20 % Cu over 1.8 metre The deep drilling program at the Westwood project, located 2 kilometres east of the Doyon mine, continues to generate positive results. The second deep surface hole (1159 & 1159A) was completed in mid-July to a linear depth of 2,636 metres, or 2,150 metres of vertical depth. This drill hole intercepted the Westwood horizon and the North Corridor which had both been previously intercepted by the other drill holes completed to date. The geological context is similar to that described in previous press releases. The Westwood horizon was intersected between a depth of 2,308 metres and 2,429 metres (a vertical depth of approximately 2,050 metres), or more than 250 metres deeper than the deepest intersection obtained from wedge 1158EF previously completed and reported in an early press release. This horizon is comprised of numerous 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. sections, irregularly sericitized, chloritized or biotized, with the presence of garnet garnet, name applied to a group of isomorphic minerals crystallizing in the cubic system. They are used chiefly as gems and as abrasives (as in garnet paper). . 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 in the form of 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. to semi-massive sulfides composed of pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. with lesser quantities of chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and local 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. . The North Corridor was intersected between a depth of 2,429 metres and 2,529 metres (a vertical depth of approximately 2,100 metres), nearly 500 metres below the deepest intersection obtained by wedge 1158EF. 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 with disseminated sulfides, and intersected by quartz veinlets. The detailed results from this drilling program are attached to this press release. A detailed longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. section for the Westwood project is also attached. To date, the program carried out from the surface holes has identified a major system of alteration and mineralization associated with the two intersected mineralized corridors and extending over more than 800 metres along the plunge axis and over 350 metres laterally. This mineralized system is similar to those associated with the massive or semi-massive sulphide sulphide: see sulfide. deposits of the Bousquet and LaRonde mines. It remains open for exploration. In addition, a final wedge (wedge # 5) is underway from main hole 1158 and should permit the association of the mineralized corridors with the older hole 1017- 90 in which two mineralized zones were previously intersected. The exploration program will continue with underground drilling from the exploration drift driven from level 14 of the Doyon mine. Quality Control Follow up on the drilling program was carried out by Cambior employees, under the supervision 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 8 years and with more than 25 years of experience in exploration. The assay samples came from core halves varying in length from 0.5 to 1.5 metre. They were sent for assaying at Techni-Lab S.G.B. Abitibi Inc. laboratory of Ste-Germaine Boule boule 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. 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 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 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. 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) and American (AMEX) stock exchanges under the symbol "CBJ". 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 2003 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. .
Significant Assay Results Au-Ag-Cu-Zn
(Drill hole1159A-04)
----------------------------------------------------------------------
-
Interval Length Au Ag Cu Zn
(m) (m) (g/t)(g/t) (%) (%) Geological
Description
----------------------------------------------------------------------
-
Beginning of Westwood Horizon (South Side)
----------------------------------------------------------------------
-
2,332.5 - 2,335.5 3 1.2 0.5 0.14% Sericitized dacitic
(2.6 t.t.) tuff, garnet, 5-10%
Py(Cp) with
veinlets of locally
massive Py-Cp+/-Qz
----------------------------------------------------------------------
-
2,355.75 - 2,366.5 10.75 2.7 3.0 0.21% Sericitized dacitic
(9.2 t.t.) lapilli tuff,
10-20%
Py(Cp) with
veinlets
of locally massive
Py-Cp(Po)+/-Qz
including
2,356.75 - 2,357.6 0.85 9.6 7.7 0.79% Qz-biotite vein
mineralized over
60cm with
10-20% Py-Cp
----------------------------------------------------------------------
-
2,374.0 - 2,376.5 2.5 3.2 5.0 0.27% Mineralized and
(2.1 t.t.) altered schist
zone
(green micas)
With bands of
semi-massive
Py and Cp
including
2,374.0 - 2,375.0 1.0 5.8 6.5 0.38% Idem
----------------------------------------------------------------------
-
2,403.5 - 2,405.0 1.5 0.5 9.0 0.21% 0.11% Qz-biotite
veinlets
with 5-10%
Cp-Po(Sp)
----------------------------------------------------------------------
-
2,411.3 - 2,416.0 4.7 2.0 3.8 Sericitized
horizon
(4.0 t.t.) with 5-20% Py,
some
cm thick bands of
locally massive Py
including
2,412.5 - 2,413.5 1.0 4.5 7.6 3 cm band of
massive Py(Cp)
----------------------------------------------------------------------
-
2,418.0 - 2,419.0 1.0 1.8 7.7 0.17% Band of
semi-massive
Py(Cp)
----------------------------------------------------------------------
-
End of Westwood Horizon- Beginning of North Corridor
----------------------------------------------------------------------
-
2,441.0 - 2,451.0 10.0 5.8(i) 2.5 Strongly biotized
(7.5 t.t.) magnetic section
with veinlet/band
concentrations of
dispersed Py
including
2,447.0 - 2,451.0 4.0 10.6(i) 2.5 5-10% mm to cm
(3.0 t.t.) thick veinlets
of massive Py
----------------------------------------------------------------------
-
2,485.4 - 2,487.0 1.6 1.5 1.4 Sericitized band,
garnets, 5-20% Py
----------------------------------------------------------------------
-
2,527.2 - 2,529.0 1.8 4.2 9.7 0.20% Qz vein enriched
section, vein wall
mineralized with
3-5% Py(Cp-Po)
disseminated and
in deformed
veinlets
including
2,528.0 - 2,529.0 1.0 6.2 11.0 0.18% Idem
----------------------------------------------------------------------
-
2,591.4 - 2,592.25 0.85 5.3 7.6 Sericitized band,
3-5% Py fine and
in clusters
----------------------------------------------------------------------
-
(i) Cutoff grade of 34 g Au/t (one sample had 112.9 g Au/t
over 1.0 m)
Note : This table lists only the results greater than 1 g Au/t.
The lengths are generally the length of the core except
where indicated as true thickness (t.t).
A map of the Doyon Mine - Westwood Project is available on CCNMatthews' website at the following address : http://www2.ccnmatthews.com/database/fax/2000/cbj0824.pdf |
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