Business
Drilling Commences at Champion Bear's Plomp Farm Property
Drilling Commences at Champion Bear's Plomp Farm Property.
About this update from Champion Bear Resources Ltd.
[{"type":"text","content":"\n\n\n\n(TSX Venture: CBA)\n\n\nCALGARY, April 16 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear")\nannounced today that drilling has commenced at its Plomp Farm East gold\nproperty west of Dryden, Ontario. Drilling will initially test a new zone of\nanomalous copper and gold mineralization on the Plomp Farm East claims (see\nChampion Bear's news release dated September 14, 2006). The drilling will\ntarget geophysical anomalies from the recently completed IP and magnetic\nsurvey, coincident with anomalous surface samples. Other targets include\nfollow-up testing of previously identified, near surface gold mineralization\nwest of the main Plomp Farm zone.\n\n\nDeeper drilling to follow up the higher grade gold encountered during the\nCorporation's 2006 exploration program (see Champion Bear's news release dated\nApril 3, 2006) is expected to commence shortly after the completion of the\nshallow drilling and upon availability of the required larger drill. Champion\nBear intends to drill several wedge cuts from existing holes to better define\nthe nature and extent of the structures hosting the higher-grade\nmineralization.\n\n\nA 4,000 metre drill contract has been signed with Northstar Drilling for\nthe Plomp Farm drilling.\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. A large land position\nhas been assembled in the Dryden and Sudbury areas, totaling over 16,000\nhectares.\n\n\nThis news release contains forward-looking statements concerning the\ntiming and composition of the drilling to be completed on the Plomp Farm\nproperty which are based on Champion Bear's current internal expectations,\nwhich may prove to be incorrect. These statements are not a guarantee of\nfuture performance and undue reliance should not be placed on them. Such\nforward-looking statem...