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Chibougamau Independent Mines Intersects Wide High Grade Zones of Copper and Gold Mineralization Extending the C-3 Zone to Depth
ROUYN-NORANDA, Quebec, April 22, 2019 (GLOBE NEWSWIRE) -- CHIBOUGAMAU INDEPENDENT MINES INC. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz
About this update from Chibougamau Independent Mines, Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, April 22, 2019 (GLOBE NEWSWIRE) -- CHIBOUGAMAU INDEPENDENT MINES INC. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) and GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Lang & Schwarz and Tradegate Stock Exchanges in Germany and GLBXF – International OTCQX in the US) are pleased to report to shareholders the results of analysis of two drill holes completed on the 100% Chibougamau Independent Mines Inc. owned C-3 Zone on the Bateman Bay property located in McKenzie township, east of the Town of Chibougamau, Quebec. Globex Mining Enterprises Inc. holds a 3% Gross Metal Royalty on the Bateman Bay property and most of the other Chibougamau Independent Mines assets as a result of the spin out of Chibougamau Independent Mines Inc. to Globex shareholders. For additional information regarding the drill holes, please see the Chibougamau/Globex press release dated April 4, 2019 at https://www.globexmining.com/news.php. Drill hole BJ-19-17 intersected the C-3 Zone at a vertical depth of 340 metres (1,115 ft), 80 metres (262 ft) below and 25 metres (82 ft) southeast of drill hole BJ-16-16 which returned 3.61% Cu, 1.72 g/t Au and 11.9 g/t Ag over 12.5 metres (41.0 ft). Hole BJ-19-17 returned two intersections of 3.46% Cu, 2.75 g/t Au and 10.81 g/t Ag over 12.47 metres (40.9 ft) and 8.49 % Cu, 7.55 g/t Au and 49.22 g/t Ag over 5.90 metres (19.36 ft) from 375.60 metres to 388.07 metres and 391.70 metres to 397.60 metres respectively. The assays in hole BJ-19-17 are as follows: Hole BJ-19-17 From (m) To (m) Length (m) Copper (%) Gold (g/t) Silver (g/t) 375.60 376.30 0.70 2.11 1.34 5.90 376.30 377.20 0.90 0.71 0.44 2.80 377.20 378.00 0.80 2.73 1.12 6.90 378.00 378.86 0.86 2.34 0.28 7.60 378.86 379.92 1.06 7.57 1.69 18.90 379.92 380.80 0.88 2.05 0.25 5.60 380.80 381.50 0.70 1.41 0.37 3.60 381.50 382.52 1.02 3.55 0.68 9.50 382.52 383.27 0.75 2.74 0.89 8.90 383.27 383.97 0.70 5.04 2.03 14.60 383.97 384.63 0.66 3.18 1.89 9.70 384.63 385.50 0.87 1.99 0.98 5.80 385.50 386.32 0.82 7.92 1.11 24.90 386.32 387.45 1.13 1.77 0.49 4.80 387.45 388.07 0.62 7.15 37.37 39.90 375.60 388.07 12.47 3.46 2.75 10.81 388.07 389.35 1.28 0.20 0.22 0.80 389.35 390.65 1.30 0.04 1.15 0.90 390.65 391.70 1.0...