Business
Champion Bear commences drilling at its Eagle Rock Cu-Ni-PGE Property in the Dryden area
Champion Bear commences drilling at its Eagle Rock Cu-Ni-PGE Property in the Dryden area.
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":"\n\n\n\n(TSX Venture: CBA)\n\n\nCALGARY, Oct. 29 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear")\nannounced today that it has commenced a 1,000 metre (4 hole) drill program at\nits Eagle Rock Cu-Ni-PGE Property located 80 kilometres south of Dryden. The\ndrilling will test the extension to greater depth of the mineralized Campbell\nZone and confirm the continuity along strike to better define the extent and\nquality of the mineralization. The previously completed drilling had traced\nthe mineralized zone along strike for approximately 1,100 metres and to an\naverage vertical depth of 100 metres. Two of the proposed holes will test the\ncentral part of the zone to a vertical depth of approximately 200 to 250\nmetres.\n\n\nThe drilling follows the completion of detailed 8 kilometre geophysical,\nIP and magnetic surveys and a surface geological mapping program at the\nproperty, which was concentrated on a 900 metre segment of the Campbell Zone.\nThe geological mapping traced the mineralized zone continuously on surface for\nover 700 metres. The geophysical surveys confirmed that the mineralized zone\ncan be identified as a discrete zone on both the magnetic and IP survey data.\nThe geological mapping and surveying work followed the re-logging and magnetic\nsusceptibility surveying of core from the property completed this summer (see\nChampion Bear's news release dated August 1, 2007), the best results from\nwhich are contained in table below.\n\n\nBest Results from the 2007 Eagle Rock Re-logging and Re-sampling Program\n\n-------------------------------------------------------------------------\nHole From To Interval Au+Pt+Pd Cu Ni Descrip-\n No. (m) (m) (m) (G/T) ppm (%) ppm (%) tion\n-------------------------------------------------------------------------\nER12 10 13.5 3.5 1.34 3,604 (0.36) 671 (0.07) Added to\n Zone\n-------------------------------------------------------------------------\nER17 17 29.7 12.7 0.39 2,323 (0.23) 477 (0.05) New Zone\n-------------------------------------------------------------------------\nER25 59.5 67.1 7.6 0.17 1,403 (0.14) 211 (0.02) New Zone\n-------------------------------------------------------------------------\n\n\nThe field mapping and geophysical programs for Eagle Rock, were carried\nout by Watts, Griffis and McOuat Limited personnel, under the field\nsupervision of se...