Business
Chibougamau Independent Encounters High Grade Gold, Zinc and Lead on Surface at its Berrigan Property
ROUYN-NORANDA, QUEBEC--(Marketwired - Nov. 22, 2016) - Chibougamau Independent Mines Inc. (TSX VENTURE:CBG)(STUT:CLL)(OTC PINK:CMAUF) is pleased to report the r
About this update from Chibougamau Independent Mines, Inc.
[{"type":"text","content":"ROUYN-NORANDA, QUEBEC--(Marketwired - Nov. 22, 2016) - Chibougamau Independent Mines Inc. (TSX VENTURE:CBG)(STUT:CLL)(OTC PINK:CMAUF) is pleased to report the results of recent surface grab and channel sampling on several areas of our 100% owned Berrigan property located immediately northwest of the town of Chibougamau in McKenzie Township, Quebec. Globex Mining Enterprises Inc. (GMX - Toronto Stock Exchange, G1M - Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF - OTCQX International) retains a 3% Gross Metal Royalty (GMR) on the property and surrounding claims. The sampling was initiated following the work of Globex's in-house structural geologist who identified several new geological structures and environments on the property. Following upon his interpretation, in combination with our previous geophysical work and historical drilling, we test sampled several surface rock exposures which displayed mineralization and alteration often found with the newly identified geological model. The 26 samples returned assays as listed below. Chibougamau is currently drilling on the Berrigan property and will release assay results once they are available. Sample # Sample Type (m) Lead (Pb %) Zinc (Zn %) Silver (gpt Ag) Gold (gpt Au) 713714 Channel 0.8 m n.s.v. 3.08 6.0 1.06 713715 Channel 1.0 m n.s.v. 1.37 11.0 1.42 713716 Channel 1.2 m n.s.v. 1.27 6.0 0.18 713717 Grab n.s.v. 0.63 10.0 0.04 713718 Channel 0.8 m n.s.v. 0.81 5.0 0.22 713719 Channel 1.2 m n.s.v. 4.00 7.0 0.20 713720 Channel 0.7 m n.s.v. 2.33 4.0 0.12 713721 Channel 0.5 m n.s.v. 7.54 12.0 1.36 713722 Channel 0.4 m n.s.v. 4.49 15.0 0.51 713723 Channel 0.5 m n.s.v. 4.24 13.0 1.82 713724 Grab n.s.v. 2.98 17.0 1.69 713725 Channel 1.5 m 2.31 4.42 41.0 0.45 713726 Channel 0.5 m 2.30 9.98 131.0 17.91 713727 Channel 0.4 m 6.68 6.17 87.0 5.59 713728 Channel 0.9 m 6.79 6.78 133.0 10.77 713729 Channel 0.75 m 0.15 4.44 19.0 0.73 713730 Channel 0.75 m 1.02 4.26 25.0 1.02 713731 Channel 1.0 m 1.40 8.36 26.0 2.06 713732 Channel 1.0 m 2.36 5.92 52.0 5.17 713733 Channel 0.8 m 0.09 0.48 2.0 0.10 713734 Channel 0.8 m 2.38 14.34 43.0 3.19 713735 Channel 0.5 m 1.30 0.98 15.0 34.37 713736 Chip 1.5 m 1.42 8.03 26.0 1.16 713737 Chip 1.5 m 2.12 2.22 9.0 0.89 713738 Chip 0.5 m 0.72 6.23 6.0 3.49 713739 Chip 1.0 m n.s.v. 0.02 <1.0 0.03 n.s.v.: No Significa...