Chibougamau Independent Intersects Zinc, Gold and Silver at Berrigan Property
(firmenpresse) -
Chibougamau Independent Intersects Zinc, Gold and Silver at Berrigan Property
ROUYN-NORANDA, QUÉBEC, February 1, 2017 - Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL) (OTC Markets (USA) : CMAUF) is pleased to inform shareholders that it has received assays from five drill holes undertaken on our Berrigan zinc, gold, silver property located 4 km west-northwest of the Town of Chibougamau in McKenzie Township, Quebec.
The Berrigan property is the singular zinc property in our large Chibougamau Mining Camp land package that includes five former copper-gold mines, the down dip potential of three copper-gold mines and numerous mineralized surface showings and historical drill holes as well as a large vanadium-iron zone recently optioned to Vanadium One Energy Corp (VONE-TSXV), a company of which Chibougamau Independent is now a large shareholder.
All five drill holes intersected multiple zinc-gold-silver zones at shallow vertical depths of between 51 meters and 250 meters.
The following table presents the assay results:
Hole # From To LengthTrue Au (gAg (gZn Vertica
widtp p (%) l
h t) t) depth
BT-16-0129.80135.48 5.68 3.97 0.00920.161.29 119
09
BT-16-0147.20165.50 18.30 12.810.5635.64 1.17 140
09
BT-16-0194.51208.45 13.94 9.76 1.1347.58 2.22 180
09
includi200.85208.45 7.60 5.32 1.19710.113.20
ng
BT-16-0263.00265.00 2.00 1.4 1.4712.00 1.27 237
09
BT-16-0172.20172.80 0.60 0.42 10.3683.007.88 162
10 7
BT-16-0181.00185.00 4.00 2.8 2.18 5.06 1.47 172
10
BT-16-0231.00252.30 15.10 10.570.6248.07 1.96 224
10
includi236.20240.38 4.18 2.93 1.42 10.074.39
ng
BT-16-0258.20259.00 0.80 0.56 1.9284.00 5.71 243
10
BT-16-0178.50187.27 8.27 5.79 0.26411.152.21 162
11
BT-16-0227.00233.00 6.00 4.20 0.4285.66 1.78 204
11
BT-16-0261.00262.50 1.5 1.05 6.6825.00 0.02 237
11
Hole # From To LengthTrue Au (gAg (gZn Vertica
widtpt pt (%) l
h ) ) depth
BT-16-0237.00256.25 19.25 13.470.7236.31 2.22 220
11
BT-16-0279.00282.00 3.00 2.1 0.5042.60 1.97 250
11
BT-16-0283.50285.00 1.5 1.05 1.9064.00 0.28 258
11
BT-16-094.80 96.00 1.20 0.84 0.6955.00 1.49 88
12
BT-16-0104.00105.00 1.00 0.70 0.0399.00 1.69 96
12
BT-16-0109.40110.50 1.10 0.77 4.18229.006.34 101
12
BT-16-0129.92134.30 4.38 3.07 6.90312.092.99 121
12
BT-16-0145.25152.40 7.15 5.00 0.4726.34 2.47 137
12
BT-16-0171.65172.35 0.70 0.49 1.2719.00 8.04 159
12
BT-16-0192.00198.80 6.80 4.76 0.1132.02 0.52 180
12
includi198.00198.80 0.80 0.56 0.8955.00 2.17
ng
BT-16-061.88 65.83 3.65 2.55 1.44817.904.11 51
13
includi63.00 64.15 1.15 0.80 4.48846.0011.34
ng
BT-16-079.22 85.00 5.78 4.05 2.0268.71 3.50 65
13
BT-16-099.20 107.60 8.40 5.88 0.34311.322.07 84
13
BT-16-0111.00111.53 0.53 0.37 3.73426.002.37 90
13
BT-16-0116.10122.00 5.90 4.13 1.4659.99 2.16 95
13
includi118.55119.50 0.95 0.66 5.97229.009.44
ng
BT-16-0140.90145.69 4.79 3.35 0.5502.92 1.40 117
13
includi144.16145.69 1.53 1.07 1.5747.00 3.86
ng
We are very encouraged by the wide spread zinc, gold and silver assays. Our team is studying the new results in combination with the historical drilling in order to design the next exploration program.
All samples were delivered to Accurassay Laboratories located at 165 Jacques Bibeau Street, Rouyn-Noranda, Quebec. A quality assurance/quality control program was applied to all samples, which includes insertion of mineralized reference materials or blank samples for each batch of 20 samples. The samples are dried and crushed to 70 % passing 2mm. A 1025 g sub-sample is pulverized to 85% passing <200 mesh. The sub-samples are then transferred to Accurassay Laboratories located at 1046 Gorham St., Thunder Bay, Ontario for analytical procedures.
The gold analyses were completed by fire assays with an atomic absorption finish on 50 grams of pulp material. Repeats were carried out by fire assay followed by gravimetric testing on each sample containing ten grams per tonne gold or more.
Zinc and silver were measured using aqua regia digestion on a 2.5 g of the 25 g pulverized sub-sample. The final Zn and Ag determination was done by ICP-OES (AA) finish.
Accurassay Laboratories employs an internal quality control system that tracks Certified Reference Materials. Standard Quality Control practices include Certified Reference Material, Silica Blank and duplicate pulp analyses.
Globex Mining Enterprises Inc. (GMX - Toronto Stock Exchange, G1MN - Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF - OTCQX International) retains 3% Gross Metal Royalty on the Berrigan property as a result of the spin out of the asset as a part of the transaction in the formation of Chibougamau Independent Mines Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Luc Rioux, P.Geo. and Claude Larouche B.Sc. Eng., M.Sc., Geol., ing logged the core and managed the processing and analysis of the core. They compiled the technical data in this press release which was written by by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent Mines Inc. in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour.
CUSIP Number 167101 203
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
info(at)chibougamaumines.com
www.chibougamaumines.com
Forward Looking Statements
Except for historical information this News Release may contain certain forward looking statements. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available under disclaimer on the Companys website.
Leseranfragen:
Chibougamau Independent Mines betreibt einen wichtigen Landabschnitt im Herzen des Chibougamau Mining Camps. Mit dem Chibougamau Mining Camp konnten begrenzte Explorationsbohrungen durchgeführt werden, die in der Nähe von ehemals produzierenden Minen liegen.
" alt="Endeavour Silver Appoints New Vice President, Operations and Country Manager, MexicoDatum: 01.02.2017 - 15:33 Uhr
Sprache: Deutsch
News-ID 521334
Anzahl Zeichen: 7365
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 267 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Chibougamau Independent Intersects Zinc, Gold and Silver at Berrigan Property
"
steht unter der journalistisch-redaktionellen Verantwortung von
Chibougamau Independent Mines Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
