Business
Champion Bear commences 2007 work program - Diamond drilling starts at Sudbury area properties
Champion Bear commences 2007 work program - Diamond drilling starts at Sudbury area properties.
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":"\n\n\n\n(TSX Venture: CBA)\n\n\nCALGARY, March 28 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear"\nor the "Company") announced today that drilling has commenced at its\npolymetallic Iron Mask property northwest of Sudbury. Drilling at Iron Mask\nwill follow up an intersection of 0.13% Cu over a 7.2 metre core length (true\nwidth undetermined) from 99.5 to 106.7 metres in Hole IM05-5, (see Champion\nBear's news release dated August 9, 2005) and will also test other nearby\nuntested IP targets.\n\n\nChampion Bear has signed a 1,500 metre drill contact with Boart Longyear,\nto further test each of its Iron Mask and Halcyon properties.\n\n\nDrilling at Halcyon will follow up anomalous Ni mineralization\nencountered in drill hole HAL04-10, which intersected 2,949 ppm (0.29% Ni)\nover a core length of 3.6 metres (see Champion Bear's news release dated\nOctober 26, 2004).\n\n\nTechnical project supervision is provided by Watts, Griffis and McOuat\nLimited. The QP for the technical aspects of this news release is Joe Hinzer,\nP. Geo.\n\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\n\nThis news release contains forward-looking statements concerning the\ntiming and composition of the drilling to be completed on the Iron Mask and\nHalycon properties which are based on Champion Bear's current internal\nexpectations, which may prove to be incorrect. These statements are not a\nguarantee of future performance and undue reliance should not be placed on\nthem. Such forward-looking statements necessarily involve known and unknown\nrisks and uncertainties that are common to junior mineral exploration\ncompanies. These risks and uncertainties include, among other things, changes\nin general economic, market and business conditions; and competition for,\namong other things, drilling equipment and skilled personnel. The ...