(TSX Venture: CBA)
CALGARY, March 28 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear" or the "Company") announced today that drilling has commenced at its polymetallic Iron Mask property northwest of Sudbury. Drilling at Iron Mask will follow up an intersection of 0.13% Cu over a 7.2 metre core length (true width undetermined) from 99.5 to 106.7 metres in Hole IM05-5, (see Champion Bear's news release dated August 9, 2005) and will also test other nearby untested IP targets.
Champion Bear has signed a 1,500 metre drill contact with Boart Longyear, to further test each of its Iron Mask and Halcyon properties.
Drilling at Halcyon will follow up anomalous Ni mineralization encountered in drill hole HAL04-10, which intersected 2,949 ppm (0.29% Ni) over a core length of 3.6 metres (see Champion Bear's news release dated October 26, 2004).
Technical project supervision is provided by Watts, Griffis and McOuat Limited. The QP for the technical aspects of this news release is Joe Hinzer, P. Geo.
Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary target is platinum group and precious metals and to a lesser extent polymetallic base metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create shareholder value through selective property acquisition and joint venture followed by focused exploration emphasizing drilling. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.
This news release contains forward-looking statements concerning the timing and composition of the drilling to be completed on the Iron Mask and Halycon properties which are based on Champion Bear's current internal expectations, which may prove to be incorrect. These statements are not a guarantee of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, changes in general economic, market and business conditions; and competition for, among other things, drilling equipment and skilled personnel. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.