Champion Bear Resources Updates Drilling Activity.CALGARY, ALBERTA--(BUSINESS WIRE)--July 18, 1997--Champion Bear(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). CBA See Capital Builder Account. . ) Champion Bear Resources Ltd. wishes to announce the significant assay results from the last seven drill holes on its wholly owned Plomp Farm property near Dryden, Ontario Dryden (2006 population 8,195) is the second largest city in the Kenora District of Northwestern Ontario, Canada located on Wabigoon Lake. It is currently the smallest community in the province of Ontario designated as a city. .
CORE VERTICAL Gold Silver
HOLD FROM TO LENGTH DEPTH gms/t gms/t ZONE
NO. (m)(T.T.) (m)
---------------------------------------------------------------
PF-73 aband.
PF-74 746.0 754.0 8.0 (4.6) -700 0.129 13.1 main-
east
PF-75 268.0 273.0 5.0 (2.9) -215 1.157 8.38 Ardis
PF-76 429.9 435.0 5.1 (3.3) -415 0.990 7.51 Ardis
478.5 481.4 2.9 (1.9) -450 9.820 0.91 FW to
Ardis
incl. 478.5 479.4 0.9 (0.6) -450 29.990 1.6
re-run: 35.11
PF-77 700.0 703.0 3.0 -660 0.351 7.2 HW main-
east
731.0 735.2 4.2 -670 0.366 7.8 FW main-
east
PF-78 no significant assays
PF-79 282.5 285.5 3.0 (2.6) -210 2.575 19.0 main
re-run: 2.970
incl. 282.5 283.0 0.5 6.081
Drill holes PF-73 and 74 were put down on section 3+ZOE Zoe (born c. 978, Constantinople—died 1050, Constantinople) Byzantine empress. The daughter of Constantine VIII, she married Romanus III Argyrus in 1028. He died in 1034, perhaps poisoned by her, and she married her lover and chamberlain, who became Michael IV. ; PF-75 and PF-76 were drilled on section 5+65W, under Ardis Lake; PF-77 was drilled on section 4+25 E; hole PF-78 was drilled on section 20+50E and PF-79 was drilled on section 0+25E. Drill holes PF-74 and 77 were meant to test the easterly extension of the Main Zone. Both of these drill holes under-cut the zone as the deviation DEVIATION, insurance, contracts. A voluntary departure, without necessity, or any reasonable cause, from the regular and usual course of the voyage insured. 2. of the drill holes as minimal, leaving the zone untested above the -675 metre level and to the east. Drill holes PF-75 and 76 were drilled to test the area under Ardis Lake. The hanging wall section of the main zone is fairly uniform in both of these drill holes. The high grade intersection in drill hole PF-76, with visible gold, lies about 25 metres below the main zone and may represent the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. to the main zone. The zone is open for several hundred metres up dip and there is no drilling below this intersection. Drill hole PF-78 was drilled well to the east of the main zone. Assay results from this drill hole were at the anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. level. Drill hole PF-79 was drilled to test the upper part of the main zone. Further detail drilling is planned for the three zones identified on this property, namely the Main zone; the Main-East zone and the Ardis zone. The drilling will commence once the funds are in place. The potential of the Main zone lies mainly at depth, while the potential of the Ardis and Main-East zones is more open, having been tested by only a few drill holes in each area. A total of six drill holes were put down on the Temple claims, situated to the west of the Plomp Farm. This program identified sporadic sporadic /spo·rad·ic/ (spo-rad´ic) occurring singly; widely scattered; not epidemic or endemic. spo·rad·ic or spo·rad·i·cal adj. 1. Occurring at irregular intervals. 2. anomalous gold values but nothing near ore grade Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly 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. . No further work is planned on this property. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Champion Bear Resources Ltd. Richard Kantor, 403/229-9522 |
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