Business
Champion Bear commences 2006 Plomp Farm Drill Program
Champion Bear commences 2006 Plomp Farm Drill Program.
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n(TSX Venture: CBA)\n\nCALGARY, Feb. 6 /CNW/ - Champion Bear Resources Ltd. (\"Champion Bear\" or\nthe \"Company\") announced today that it has commenced drilling at its Plomp\nFarm gold property in Dryden, Ontario. The Company has initiated a 5,000 metre\ndrill program to target the mineralized zone between vertical depths of 400 to\n800 metres.\nThe primary objectives of the 2006 Plomp Farm Drill Program are to test\nthe quality of the gold and silver of several of the more extensively\nmineralized lenses down plunge and to the west of the previous drilling.\nThe first hole, PF06-119, will target the zone at a vertical depth of\napproximately 600 metres. This hole will test the down plunge extension of the\n3.6 g/t Au and 7.5 g/t Ag over 1.5 metres in the hole PF-39, the 3.0 g/t Au\nand 50.96 g/t Ag over 1.5 metres in hole PF-38 and the 7.4 g/t Au and 8.7 g/t\nAg over 1.0 metre in hole PF-83.\nChampion Bear's test of this and the adjacent mineralized zones to a\nvertical depth of approximately 800 metres is part of its ongoing exploration\nprogram to define the most prospective areas for more detailed follow up work.\n\nChampion Bear is a mineral exploration company focused exclusively on the\nhistorically prospective regions of Ontario. The Company's primary target is\nplatinum group and precious metals and to a lesser extent polymetallic base\nmetal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create\nshareholder value through selective property acquisition and joint venture\nfollowed by focused exploration emphasizing drilling. The Company has\nassembled a large land position in the Dryden and Sudbury areas, totaling over\n16,000 hectares.\n\nForward-looking statements - statements included in this news release\nthat are not historical facts may be considered \"forward-looking statements\".\nAll estimates and statements that describe the Company's objectives, goals or\nfuture plans are forward-looking statements. Forward-looking statements\ninvolve inherent risks and uncertainties where actual results could differ\nmaterially from those currently anticipated. The TSX Venture Exchange has not\nreviewed and does not accept responsibility for the adequacy or accuracy of\nthis release.\n\n The TSX Venture Exchange has not reviewed and does not\n accept responsibility for the adequacy or accuracy of...