Champion Bear announces drilling results.CALGARY, Alberta--(BUSINESS WIRE)--March 7, 1997--Champion Bear (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). CBA See Capital Builder Account. .) Champion Bear Resources Ltd. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CBA) (the "Corporation") wishes to announce results from the first three holes of the current drill program on its wholly owned Plomp Farm gold 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. . The holes were located 50 metres west of previously drilled holes PF-26 (gold values of 1.31 gms/tonne over 11.1 metres, incl 7.37 gms/tonne over 0.8 metres) and PF-30 (gold values of 1.42 gms/tonne over 13.5 metres, incl 9.94 gms/tonne over 0.5 metres). Results include: -0-
CORE VERTICAL Gold Silver
HOLE NO. FROM TO LENGTH DEPTH (gms/ (gms/ ZONE
(M) (M) tonne) tonne)
PF-70 253.5 255.0 1.5 210 7.99 25.4 Hanging
Wall
342.0 345.0 3.0 285 2.43 22.3 Main
344.0 345.0 1.0 285 4.32 26.9 Main
PF-71 389.0 392.2 3.2 350 4.40 20.5 Main
391.2 392.2 1.0 350 8.79 39.8 Main
PF-72 407.0 409.5 2.5 330+ 4.59 N.A. Main
408.0 409.5 1.5 330+ 6.74 N.A. Main
(X) extreme hole deviation - depth approximated.
Assay results are complete from three reconnaissance holes drilled on the Temple property (31 claim units, 1240 acres) located 5 kms west of the Plomp Farm property in a similar geological setting. Holes TM-1 and TM-2 encountered anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. gold 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. in several zones within altered felsic rocks felsic rock Igneous rock dominated by the light-coloured, silicon- and aluminum-rich minerals feldspar and quartz. The presence of these minerals gives felsic rock its characteristic light gray colour. . The highest value in Hole TM-1 was 1.25 gms/tonne over 1.0 metres. Hole T-2 intersected an 8.4 metre section averaging 0.278 gms/tonne, Au with a high value of 0.713 gms/tonne. Hole TM-3 intersected a new 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. zone assaying 1.22 gms/tonne, Au over 2.5 metres (including a 4.22 gms/tonne over 0.5 metres) at a vertical depth of 95 metres. Additional drill follow-up of the TM-3 zone is planned. The drill program on the Plomp Farm prospect is continuing. Core and other information will be on display next week in the Ontario Pavilion at the Prospectors and Developers Association of Canada convention in Toronto, Ontario. -0- 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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