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Champion Bear Resources Ltd
Symbol CBA
Shares Issued 52,243,326
Close 2019-01-17 C$ 0.125
Recent Sedar Documents

Champion Bear drills 18 m of 0.76 g/t Au at Plomp Farm

2019-01-17 10:22 ET - News Release

Mr. Richard Kantor reports

CHAMPION BEAR ANNOUNCES DRILLING RESULTS FROM PLOMP FARM WEST GOLD PROJECT

Champion Bear Resources Ltd. has released results from the Q4 2018 Plomp Farm West infill drilling program on its 100-per-cent-owned project located 20 kilometres west of Dryden, Ont., Canada.

Highlights:

  • Drill hole PF18-98 recorded multiple intersections, including one metre of 3.65 grams per tonne gold, combined six metres equal to or greater than one gram per tonne gold, combined 11 metres equal to or greater than 0.5 gram per tonne gold and combined 23 metres equal to or greater than 0.3 gram per tonne gold.
  • Drill hole PF18-89 recorded an intersection of one metre of 3.04 grams per tonne gold, combined four metres equal to or greater than one gram per tonne gold, combined eight metres equal to or greater than 0.5 gram per tonne gold, combined 12 metres equal to or greater than 0.3 gram per tonne gold.
  • The company drilled 15 new holes, of which 12 drill holes had intersections equal to or greater than 0.3 gram per tonne gold.
  • Total new drilling amounted to 2,887 metres, averaging 192.46 metres per drill hole.

The results for the latest 15 NQ diamond drill holes in the Plomp Farm West deposit are summarized in the attached table. The drilling program was designed to collect data predominantly within the top 200 metres of the surface to both fill historical data gaps and complement existing data from 125 drill holes as well as wedge holes that range as deep as 918 metres.

  PLOMP FARM WEST GOLD PROJECT -- SIGNIFICANT INTERCEPTS FROM 15 DIAMOND DRILL HOLES
 
Hole ID       From (m)  To (m)  Interval (m)  True width (m)  Gold (g/t)  Silver (g/t)

PF18-86         146.0   156.0          10.0            8.33       0.210          4.88      
Including       147.0   148.0           1.0            0.83       0.384          10.2      
Including       154.0   155.0           1.0            0.83       0.318           4.7       
PF18-87          90.0    91.0           1.0            0.78       0.893           6.0       
PF18-87         136.0   141.0           5.0            4.17       0.264           5.2       
Including       140.0   141.0           1.0            0.78       0.307           3.7       
PF18-88         153.0   161.0           8.0            6.67       0.489          6.68      
Including       155.0   156.0           1.0            0.83       0.542           8.7       
Including       156.0   157.0           1.0            0.83       0.524           7.0       
Including       157.0   158.0           1.0            0.83       0.407           4.6       
Including       159.0   160.0           1.0            0.83       0.760          10.1      
Including       160.0   161.0           1.0            0.83       0.592           6.6       
PF18-89         110.0   128.0          18.0           14.94       0.761         10.57     
Including       110.0   111.0           1.0            0.83       0.314           3.8       
Including       111.0   112.0           1.0            0.83       0.592           5.9       
Including       112.0   113.0           1.0            0.83       0.896          11.6      
Including       113.0   114.0           1.0            0.83           1           8.1       
Including       114.0   115.0           1.0            0.83       0.816           8.0       
Including       122.0   123.0           1.0            0.83       2.230          24.4      
Including       123.0   124.0           1.0            0.83       1.730          12.4      
Including       124.0   125.0           1.0            0.83       3.040          47.3      
Including       125.0   126.0           1.0            0.83       0.330           9.6       
Including       126.0   127.0           1.0            0.83       0.530          13.2      
Including       127.0   128.0           1.0            0.83       0.463           9.0       
PF18-90         125.0   129.0           4.0            3.32       0.506          6.55      
Including       125.0   126.0           1.0            0.83       0.333           4.5       
Including       127.0   128.0           1.0            0.83       0.518           7.7       
Including       128.0   129.0           1.0            0.83       0.954          10.6      
PF18-91         130.0   131.0           1.0            0.83       0.275           1.3       
PF18-92         155.0   156.0           1.0            0.83       0.140           2.9       
PF18-93         164.0   166.0           2.0            1.67       0.260          3.25      
Including       164.0   165.0           1.0            0.83       0.319           4.8       
PF18-94         144.0   145.0           1.0            0.83       0.180           4.8       
PF18-95         166.0   170.0           4.0            3.32       0.403          3.43      
Including       166.0   167.0           1.0            0.83       0.606           6.1       
Including       167.0   168.0           1.0            0.83       0.483           3.5       
Including       169.0   170.0           1.0            0.83       0.339           2.9       
PF18-95         175.0   183.0           8.0            6.67       0.258         4.025     
Including       175.0   176.0           1.0            0.83       0.614           6.7       
Including       177.0   178.0           1.0            0.83       0.122           2.1       
Including       180.0   181.0           1.0            0.83       0.314           7.1       
Including       181.0   182.0           1.0            0.83       0.242           5.3       
Including       182.0   183.0           1.0            0.83       0.321           6.0       
PF18-95         186.0   188.0           2.0            1.67       0.718           6.4       
Including       186.0   187.0           1.0            0.83       0.416           3.4       
Including       187.0   188.0           1.0            0.83       1.020           9.4       
PF18-96         158.0   160.0           2.0            1.67       0.485          4.95     
Including       158.0   159.0           1.0            0.83       0.767           7.2       
PF18-96         177.0   178.0           1.0            0.83       0.387           3.0       
PF18-96         184.0   209.0          25.0           20.75       0.411         2.036     
Including       184.0   185.0           1.0            0.83       0.639           4.6       
Including       185.0   186.0           1.0            0.83       0.307           1.8       
Including       202.0   203.0           1.0            0.83       0.632           2.0       
Including       203.0   204.0           1.0            0.83       0.921           2.3       
Including       204.0   205.0           1.0            0.83       0.745           2.2       
Including       205.0   206.0           1.0            0.83       0.506           1.9       
Including       206.0   207.0           1.0            0.83       0.870           2.7       
Including       207.0   208.0           1.0            0.83       0.484           2.9       
Including       208.0   209.0           1.0            0.83       1.430           4.7       
PF18-96         217.0   224.0           7.0            5.83       0.362         2.335     
Including       217.0   218.0           1.0            0.83       0.415           2.2       
Including       218.0   219.0           1.0            0.83       0.322           2.7   
PF18-97         218.0   219.0           1.0            0.83       0.322           2.7   
PF18-97         208.0   209.0           1.0            0.83       0.345           1.8       
PF18-97         272.0   274.0           2.0            1.67       1.152           6.8       
Including       272.0   273.0           1.0            0.83       1.660           5.1       
Including       273.0   274.0           1.0            0.83       0.644           1.7       
PF18-98         210.0   214.0           4.0            3.33       0.348         4.775     
Including       210.0   211.0           1.0            0.83       0.326          12.4      
Including       211.0   212.0           1.0            0.83       0.201           1.5       
Including       212.0   213.0           1.0            0.83       0.232           1.4       
Including       213.0   214.0           1.0            0.83       0.633           3.8       
PF18-98         225.0   236.0          11.0            9.13       0.541          3.05      
Including       232.0   233.0           1.0            0.83       0.522           3.2       
Including       233.0   234.0           1.0            0.83           1           5.1       
Including       234.0   235.0           1.0            0.83       0.994           8.4       
Including       235.0   236.0           1.0            0.83       1.010           1.8       
PF18-98         240.0   241.0           1.0            0.83       0.796           2.5       
PF18-98         246.0   247.0           1.0            0.83       0.511           5.6       
PF18-98         265.0   269.0           4.0            3.33       0.407         1.925     
Including       265.0   266.0           1.0            0.83       0.404           2.9       
Including       268.0   269.0           1.0            0.83       0.731           0.3       
PF18-98         277.0   281.0           4.0            3.32       2.250          2.83      
Including       277.0   278.0           1.0            0.83       3.650           5.3       
Including       278.0   279.0           1.0            0.83       2.370           2.9       
Including       279.0   280.0           1.0            0.83       2.650           2.5       
PF18-99         106.0   110.0           4.0            3.33       0.274         1.725     
PF18-99         114.0   115.0           1.0            0.83       0.327           2.1       
PF18-99         123.0   132.0           9.0            7.50       0.795         5.167     
Including       124.0   125.0           1.0            0.83       0.608           2.9       
Including       125.0   126.0           1.0            0.83         1.6           7.4       
Including       126.0   127.0           1.0            0.83       0.766           1.7       
Including       127.0   128.0           1.0            0.83       0.513           1.5       
Including       128.0   129.0           1.0            0.83       0.543           1.7       
Including       129.0   130.0           1.0            0.83       0.734           5.2       
Including       130.0   131.0           1.0            0.83       0.899           7.7       
Including       131.0   132.0           1.0            0.83         1.1          14.1      
PF18-100         88.0    90.0           2.0            1.66       0.527         10.05     
Including        88.8    89.0           1.0            0.83       0.740          10.0      
Including        89.0    90.0           1.0            0.83       0.314          10.1      
PF18-100        105.0   106.0           1.0            0.83       0.307           7.3    

Sampling consisted of sawing the core in equal halves along the main axis and shipping one of the halves to the Activation Laboratories preparation in Dryden, Ont. The samples are crushed and pulverized before being sent to the Activation Laboratories analytical facility in Thunder Bay, Ont., for analysis for gold by fire assay with ICP finish on 50-gram aliquot. All remaining elements were analyzed with an aqua regia digestion and multielement ICP. Champion Bear Resources uses a comprehensive quality assurance/quality control protocol, including the insertion of blanks, standards and pulp duplicates.

Todd McCracken, PGeo, mining manager of WSP Canada Inc., is the qualified person under the meaning of National Instrument 43-101 -- Standards for Disclosure of Mineral Projects. Mr. McCracken has reviewed, and is responsible for, the technical content of this news release.

About Champion Bear Resources Ltd.

Champion Bear Resources is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The company's primary targets are platinum group metals, precious metals, polymetallic base metals and pegmatite-hosted tantalum deposits. Champion Bear Resources' aim is to create shareholder value through selective property acquisition followed by focused exploration with an emphasis on drilling. The company has assembled a large land position in the Dryden and Sudbury areas, totalling over 16,000 hectares.

We seek Safe Harbor.

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