(TSX Venture: CBA)
CALGARY, July 5 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear" or
the "Company") finished its 5,000 metre spring drill program at its Plomp Farm
gold property near Dryden, Ontario on July 1st with the completion of hole
PFO6-124. Assay results from holes PFO6-120, 121 and 122 have also been
received. The results, which average more than 2.5 gram-metres (based on grams
per tonne x metres of core length), are presented in Table 1 below. Three
holes (PFO6-120, 121 and 123) referred to in this news release were collared
on the western portion of Champion Bear's Plomp Farm property optioned from
Teck Cominco Limited (see Champion Bear's news release dated August 19, 2004).
The results from Hole PFO6-122, drilled on Line 7+00W at -85 degrees,
approximately 250 metres deeper than hole PFO6-119 confirmed the Company's
model of westward plunging mineralization. This hole encountered anomalous,
Au, Ag, Cu, and Zn for a core length of at least 90 metres from 837 to
927 metres. The true width of this zone is approximately 50 to 60 metres.
While the average distribution of anomalous Ag, Cu, Pb Zn, is similar to that
in hole PFO6-119 (see previous news release dated April 3, 2006),
concentrations of Pb and Zn mineralization are higher.
This drilling program was designed to confirm the westward plunge of the
mineralization and that the zone has the potential to host both the quality
and quantity of mineralization required for economic development. Hole
PFO6-119 demonstrated the potential for the zone to host high-grade
mineralization (31.7 g Au/t, 33.3 g Ag/t and 1.36% Cu for a core length of 0.4
metres from 579.0 to 579.4 metres). Holes PFO6-120 and 122 have demonstrated
the presence of an extensive mineralized envelope and confirmed the down
plunge extent of the mineralization.
Holes PFO6-120 and 121 were drilled to test the lateral extension of the
mineralized envelope on Lines 10+00W and 11+00W, 200 metres deeper than
previous shallower holes and 300 and 400 metres, respectively, west of hole
PFO6-119. Both holes encountered the expected alteration package and confirmed
the westward plunge of the mineralization. The recent drill holes (pierce
points) are shown on an updated longitudinal section in the attached Figure 1
(to view, click http://files.newswire.ca/363/PlompFarmSections.pdf), which
shows the distribution of gold in the mineralized zone expressed in
gram-metres. In each case the total gold content of the highest grade portion
of the mineralized zone was determined by multiplying the grams per tonne x
the core length in metres.
Hole PFO6-123 was drilled on Line 12+00W below previous Teck Cominco
Limited holes T-3 and 4, to test the extent of the mineralized envelope.
Several zones of disseminated sulphide mineralization and silicification
associated with faulting similar to adjacent holes PFO6-122 and 121 were
observed from 670 to 790 metres. Assays for this hole are pending.
Hole PFO6-124 collared 100 metres west of PFO6-122 was drilled to test
the down plunge projection of the central part of the mineralized lens
encountered in hole PFO6-119. A mineralized zone visually similar in character
to the mineralized zones encountered in both holes PFO6-119 and 122 was cored
from 816 to 897 metres. The hole was drilled to a total depth of 946 metres.
Assay results for this hole, are not expected for at least four to six weeks.
A detailed geological mapping and sampling program over the entire
property remains underway. The Company will complete plans for additional in
fill and exploration drilling as soon as the surface mapping is completed and
it receives the results of the outstanding drill core assays.
Work to date has indicated that the gold mineralization on the Plomp Farm
property is concentrated within a well-defined fault or deformation structure
up to 150 metres wide. This is provisionally called the Ardis Lake Structural
Zone. Gold and associated anomalous base metal mineralization concentrated
within this structural zone appears to occur within a series of
southwestwardly plunging lenses. Champion Bear has now traced the strike
length of this structural zone for more than 4.6 kilometres from line 32+00W
to beyond line 14+00E. Recent prospecting along the projected trend of this
zone has also identified similar rocks (assays pending) several kilometres to
the east. Based on this work and the likelihood of finding additional
mineralized lenses along the structural zone between its Plomp Farm property
and the (Teck-Corona Thunder Lake) gold mineralization located approximately
30 kilometres further to the east, Champion Bear has acquired the remaining
available claims covering the structural zone east of its Plomp Farm property.
Table 1 shows the individual assays for the main elements tested from the
selected mineralized sections for holes PFO6-120, 121 and 122 shown on the
long section.
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Table 1
Plomp Farm Partial Assay Results
-------------------------------------------------------------------------
PFO6-120 From To Width Au Ag Cu Zn Pb
-------- (m) (g/t)(x) (ppm) (ppm) (ppm) (ppm)
-------------------------------------------------------------------------
Zone: 520.5 521.5 1.0m at 3.03g
Sample No. Au/t
-------------------------------------------------------------------------
A06-7282 520.5 521.5 1.0 3.030 8.3 588 1200 300
PFO6-121
--------
Zone 1: 454.0 477.0 23.0m at 0.21g
Sample No. Au/t
A06-7370 454.0 455.0 1.0 0.100 1.2 189 66 25
A06-7371 455.0 456.0 1.0 0.189 1.8 189 87 48
A06-7372 456.0 457.0 1.0 0.127 1.4 93 134 116
A06-7373 457.0 458.0 1.0 1.910 2.2 116 1330 146
A06-7374 458.0 459.0 1.0 0.094 1 49 285 99
A06-7375 459.0 460.0 1.0 0.060 0.7 39 183 119
A06-7376 460.0 461.0 1.0 0.121 0.7 55 1110 104
A06-7377 461.0 462.0 1.0 0.092 1.5 44 91 95
A06-7378 462.0 463.0 1.0 0.065 0.7 41 99 66
A06-7379 463.0 464.0 1.0 0.166 1.4 90 381 155
A06-7380 464.0 465.0 1.0 0.141 2.2 132 574 171
A06-7381 465.0 466.0 1.0 0.075 1.8 68 168 88
A06-7382 466.0 467.0 1.0 0.158 1.5 76 135 71
A06-7383 467.0 468.0 1.0 0.104 1.6 57 152 80
A06-7384 468.0 469.0 1.0 0.076 1 39 105 101
A06-7385 469.0 470.0 1.0 0.086 1 28 242 106
A06-7386 470.0 471.0 1.0 0.135 2.4 140 235 36
A06-7387 471.0 472.0 1.0 0.334 1.7 31 93 65
A06-7388 472.0 473.0 1.0 0.164 2.1 122 1060 71
A06-7389 473.0 474.0 1.0 0.064 0.9 22 68 44
A06-7390 474.0 475.0 1.0 0.264 0.8 26 81 30
A06-7391 475.0 476.0 1.0 0.105 1 36 91 58
A06-7392 476.0 477.0 1.0 0.146 1.1 42 378 76
A06-7393 477.0 478.0 1.0 0.064 1.8 55 272 101
Zone 2: 575.0 587.0 12.0m at 0.28g
Sample No. Au/t
A06-7449 575.0 576.0 1.0 0.339 6.3 9 83 30
A06-7450 576.0 577.0 1.0 0.421 11.2 27 143 32
A06-7451 577.0 578.0 1.0 0.381 14.4 21 51 20
A06-7452 578.0 579.0 1.0 0.798 9.3 45 120 32
A06-7453 579.0 580.0 1.0 0.054 2 13 105 47
A06-7454 580.0 581.0 1.0 0.286 20.6 104 286 45
A06-7455 581.0 582.0 1.0 0.124 7.4 26 98 46
A06-7456 582.0 583.0 1.0 0.149 10.8 129 1250 27
A06-7457 583.0 584.0 1.0 0.136 12.8 38 141 29
A06-7458 584.0 585.0 1.0 0.320 10.5 49 242 40
A06-7459 585.0 586.0 1.0 0.178 5.1 58 648 41
A06-7460 586.0 587.0 1.0 0.191 3.4 24 265 27
Table 1
Plomp Farm Partial Assay Results (continued)
PFO6-122 From To Width Au Ag Cu Zn Pb
-------- (m) (g/t)(x) (ppm) (ppm) (ppm) (ppm)
Zone 1: 857.0 869.0 12.0m at 0.24g
Sample No. Au/t
A06-76l6 856.0 857.0 1.0 0.083 0.7 236 50 21
A06-7617 857.0 858.0 1.0 0.112 less 179 62 18
than
0.3
A06-7618 858.0 859.0 1.0 0.055 0.8 387 108 6
A06-7619 859.0 860.0 1.0 0.615 2.1 1240 940 17
A06-7620 860.0 861.0 1.0 0.078 0.7 544 131 8
A06-7621 861.0 862.0 1.0 0.060 0.4 167 61 6
A06-7622 862.0 862.5 0.5 0.200 1.1 686 164 10
A06-7623 862.5 863.0 0.5 0.532 4.2 2600 254 8
A06-7624 863.0 863.5 0.5 0.243 1.5 1370 177 11
A06-7625 863.5 864.0 0.5 0.612 2.6 1330 140 11
A06-7626 864.0 864.5 0.5 0.491 2 1070 130 10
A06-7627 864.5 865.0 0.5 0.739 3.9 1760 123 11
A06-7628 865.0 866.0 1.0 0.394 2.1 991 299 10
A06-7629 866.0 867.0 1.0 less less 94 94 13
than than
0.002 0.3
A06-7630 867.0 867.5 0.5 less 0.6 38 76 17
than
0.002
A06-7631 867.5 868.0 0.5 0.010 less 103 96 15
than
0.3
A06-7632 868.0 869.0 1.0 0.146 2.3 808 183 19
Zone 2: 886.0 912.0 26.0m at 0.27g
Sample No. Au/t
A06-7652 886.0 886.5 0.5 0.430 17.6 3670 987 53
A06-7653 886.5 887.0 0.5 0.990 17.5 3690 831 46
A06-7654 887.0 887.5 0.5 0.728 8.1 1860 761 68
A06-7655 887.5 888.0 0.5 0.062 0.8 169 1130 41
A06-7656 888.0 888.5 0.5 0.264 2.5 408 2720 37
A06-7657 888.5 889.0 0.5 0.089 1.1 181 2850 44
A06-7658 889.0 889.5 0.5 0.261 1.5 264 1350 50
A06-7659 889.5 890.0 0.5 0.135 1.5 174 529 92
A06-7660 890.0 890.5 0.5 0.016 0.4 29 209 141
A06-7661 890.5 891.0 0.5 1.220 9.1 1890 680 71
A06-7662 891.0 891.5 0.5 0.781 4.9 690 334 66
A06-7663 891.5 892.0 0.5 0.283 2.7 348 389 114
A06-7664 892.0 892.5 0.5 0.072 1.5 133 449 60
A06-7665 892.5 893.0 0.5 0.137 3.8 529 239 54
A06-7666 893.0 893.5 0.5 0.235 4.9 775 168 45
A06-7667 893.5 894.0 0.5 0.062 1.9 304 98 40
A06-7668 894.0 895.0 1.0 0.161 5.9 905 143 38
A06-7669 895.0 896.0 1.0 0.101 3.1 216 136 31
A06-7670 896.0 897.0 1.0 0.079 1.2 102 170 34
A06-7671 897.0 898.0 1.0 0.124 1.8 90 103 29
A06-7672 898.0 899.0 1.0 0.176 2.3 102 105 29
A06-7673 899.0 900.0 1.0 0.254 2.9 128 200 47
A06-7674 900.0 901.0 1.0 0.220 2.3 64 131 51
A06-7675 901.0 902.0 1.0 0.287 2.1 70 145 55
A06-7676 902.0 903.0 1.0 0.162 2.4 87 148 64
A06-7677 903.0 903.5 0.5 0.403 3.4 298 468 76
A06-7678 903.5 904.0 0.5 0.120 2 127 189 103
A06-7679 904.0 904.5 0.5 0.183 3.5 230 241 189
A06-7680 904.5 905.0 0.5 0.267 2.8 161 522 151
A06-7681 905.0 905.5 0.5 0.149 1.4 47 149 139
A06-7682 905.5 906.0 0.5 0.334 3 125 1390 231
A06-7683 906.0 907.0 1.0 1.300 9.5 621 2480 195
A06-7684 907.0 908.0 1.0 0.206 2.6 130 203 96
A06-7685 908.0 909.0 1.0 0.096 0.8 51 101 72
A06-7686 909.0 910.0 1.0 0.081 1 92 165 44
A06-7687 910.0 911.0 1.0 0.027 1.1 122 126 38
A06-7688 911.0 912.0 1.0 0.147 3.4 368 119 31
-------------------------------------------------------------------------
(x) Note: Gold values converted from ppb - expressed as g/t.
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The drilling program and geological mapping program is being carried out
under the supervision of Watts, Griffis and McOuat Limited, under the overall
direction of Joe Hinzer, P. Geo. the qualified person responsible for the
preparation of the technical aspects of this news release.
Core samples were saw cut and sealed in plastic sample bags and shipped
directly to Activation Laboratories Ltd. in Ancaster, Ontario, an ISO
accredited laboratory. Most of the samples were analysed using INNA and ICP-MS
techniques on aqua regia digested samples. Samples in excess of 1,000 ppb Au
are being retested using fire assay techniques with a gravimetric finish.
Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. Its primary targets are 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.
Forward-looking statements - statements included in this news release
that are not historical facts may be considered "forward-looking statements".
All estimates and statements that describe the Company's objectives, goals or
future plans are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties where actual results could differ
materially from those currently anticipated.
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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