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Champion Bear Announces Exploration and Drilling Plans for Palladium and Copper Property at Eagle Rock
CALGARY, Alberta, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Champion Bear Resources Ltd. (TSXV: CBA-V) ("Champion Bear" or the "Company") has announced plans for furthe
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":" CALGARY, Alberta, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Champion Bear Resources Ltd. (TSXV: CBA-V) (\"Champion Bear\" or the \"Company\") has announced plans for further exploration and drilling on its palladium and copper bearing property at Eagle Rock, approximately 65 km south of Dryden, in Northwest Ontario. The Eagle Rock property overlies the Entwine Lake Intrusive complex and hosts numerous sulphide showings including the Campbell Pt-Pd-Cu bearing Zone, first explored by Noranda Limited in 1969. The Campbell Zone is a continuous, predictable, reef-like horizon exposed at surface over more than one kilometer. The claims are owned 100% by Champion Bear and consist of some 60 contiguous unpatented mining claims comprising 384 claim units totaling 6,912 hectares within the Eagle Rock Lake, Islet Lake and Eltrut Lake mining area. In September 2019, Champion Bear entered into an option agreement to acquire an additional 14 claims (7,659,311 Ha) adjacent to the south end of its existing holdings. The optioned claims have similar geology as the Campbell Zone to the north and is host to several historic showing and trenches In its most recent drilling program, conducted in early 2019, Champion Bear encountered PGE and Cu in every one of its 9 additional holes (see Press Release dated May 28, 2019). A summary of some of the more significant 2019 intersection are: Drill hole ER19-24 intersected 7.5 m of 0.548 g/t palladium, 0.323 g/t platinum, 0.250 g/t gold and 0.40 % copper from 101.0 m to 108.5 m. Drill hole ER19-25 intersected 10.0 m of 0.645 g/t palladium, 0.398 g/t platinum, 0.325 g/t gold and 0.45 % copper from 75.0 m to 85.0 m, including three 2 m-long intervals with over 0.9 g/t palladium. Drill hole ER19-28 intersected 34.0 m of 0.465 g/t palladium, 0.281 g/t platinum, 0.201 gg/t gold and 0.3 % copper from 97.0 m to 131.0 m, including four 2 m-long intervals with over 0.7 g/t palladium. Drill hole ER19-29 intersected 56.0 m of 0.488 g/t palladium, 0.272 g/t platinum, 0.188 g/t gold and 0.42 % copper from 46.0 m to 102.0 m, including six 2 m-long intervals with over 0.7 g/t palladium. Drill hole ER19-30 intersected eight m of 0.511 g/t palladium, 0.306 g/t platinum, 236 g/t gold and 0.42 % copper from 91.0 m to 99.0 m, including one 2 m-long interval with over 0.8 g/t palladium. To date, Champion Bear has drilled a total of 10...