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Champion Bear announces diamond drill results on its Sudbury area Halcyon property
Champion Bear announces diamond drill results on its Sudbury area Halcyon property.
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":"\n\n\n\nCALGARY, June 15 /CNW/ - (TSX Venture: CBA) - Champion Bear Resources\nLtd. ("Champion Bear") has received the final assay results from its recently\ncompleted drill program at its Halcyon property located in Parkin Township,\nnortheast of Sudbury, Ontario. Anomalous nickel mineralization ranging from\n147 to 611 ppm Ni was encountered at shallow depth in sheared mafic volcanics\nat or near the intersection of two major structures.\n\n\nTwo diamond drill holes totaling 461.6 metres were drilled to follow-up\nanomalous nickel mineralization intersected previously by drill hole HAL04-10\n(see Champion Bear's news release dated October 26, 2004) and a nearby induced\npolarization (IP) geophysical anomaly. HAL-04-10 intersected anomalous nickel\nassaying up to 2,949 ppm (0.29% Ni) over 3.6 metres within a 21.3 metre\nsection of sulphide-bearing foliated mafic volcanic rocks.\n\n\nHole HAL-07-11 (141.6 metres) collared 20 metres southwest of HAL-04-10\nhole bearing 045 degrees to undercut the anomalous zone. This hole encountered\nanomalous nickel values ranging from 148 to 611 ppm Ni for the entire sampled\ncore length (38.8 metres) of foliated mafic volcanic rocks which were\nintersected from 35.9 to 103 metres. Anomalous mineralization in both holes\nHAL-04-10 and HAL-07-11 was terminated at the fault bounded Huronian\nunconformity.\n\n\nDrill hole HAL-07-12 was collared 5.0 metres northwest of HAL-07-11 at an\nazimuth of 315 to test for the westerly extension of the anomalous nickel zone\nand a nearby IP anomaly. This hole drilled in mafic volcanics for its entire\nlength almost parallel to the Huronian unconformity. HAL-07-12 intersected\nsporadic anomalous nickel mineralization ranging from 147 to 294 ppm Ni in the\nupper part of the hole between approximately 18.0 to 83.8 metres within\nfoliated mafic volcanic rocks. The source of the IP anomaly is believed to be\n2 to 4% pyrite, pyrrhotite and trace amounts of chalcopyrite intersected\nbetween 262.1 to 264.0 metres. This section contained geochemically anomalous\ncopper, zinc and nickel ranging from 107 to 119 ppm Cu, 154 to 232 ppm Zn and\n145 to 161ppm Ni.\n\n\nThese holes were all drilled within or near the intersection of two fault\nstructures, the projected northeasterly trending extension of the "Whistle\nOffset Dyke Structure" and the fault ...