CALGARY, Feb. 21 /CNW/ - (TSX Venture: CBA), February 21, 2008 - Champion Bear Resources Ltd. ("Champion Bear") is pleased to announce assay results from its wholly-owned Eagle Rock Cu-Ni-Pt-Pd-Au Property 80 kilometres south of Dryden. Assay results showing combined PMs (Au+Pt+Pd) in excess of 1.0 g/t, copper values greater than 0.5% Cu and nickel values over 0.08% Ni were intersected in all three drill holes (see Table 1 below).
Table 1 - Summary Table of 2007 Eagle Rock Drill Core Assay Results
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Plat- Palla- Nic-
Inter- Gold inum dium Copper kel
section g Au/t g Pt/t g Pd/t 3PMs % % Ni
Hole From To Metres(1) (x) (x) (x) g/t(x) Cu(xx) (xx)
-------------------------------------------------------------------------
ER-07-47 127.5 202.5 75.0 0.150 0.186 0.337 0.673 0.35 0.06
-------------------------------------------------------------------------
including 174.5 197.5 23.0 0.239 0.289 0.510 1.038 0.53 0.08
-------------------------------------------------------------------------
-------------------------------------------------------------------------
ER-07-48 110.5 133.6 23.1 0.197 0.251 0.429 0.877 0.43 0.07
-------------------------------------------------------------------------
including 112.5 121.5 15.0 0.246 0.318 0.542 1.105 0.55 0.09
-------------------------------------------------------------------------
-------------------------------------------------------------------------
ER-07-49 148.0 178.0 28.0 0.155 0.181 0.429 0.635 0.22 0.04
-------------------------------------------------------------------------
including 148.0 152.0 4.0 0.332 0.438 0.691 1.461 0.45 0.06
-------------------------------------------------------------------------
including 172.0 178.0 6.0 0.385 0.450 0.748 1.583 0.54 0.13
-------------------------------------------------------------------------
(1) denotes core length
(x) denotes values converted from ppb (not assayed as g/t)
(xx) denotes values converted from ppm (not assayed as %)
Individual assay results, are presented in Table 2 below. Cross sections, showing the current drill holes, with respect to previous holes are appended (see link for figure: http://files.newswire.ca/363/Eagle_Rock_Feb.pdf).
The three-hole 927-metre diamond drilling program tested mineralization on the Campbell Zone on two sections 200 metres apart. The holes, were designed to test the continuity of mineralization to depth on sections 1+00W and 1+00E within the central part of the Campbell zone. This drilling confirms the 1999 and 2000 drill results and shows that mineralization is open to depth. The mineralized zone dips to the southwest, at approximately 70 degrees and is intersected by one or more faults and intruded by a number of late stage dykes. The true width has not yet been determined, but is estimated at approximately 75% of core length. Generally, the mineralized zones start and end quickly over a few metres of core length, however anomalous mineralization continues to the bottom of ER-07-49. Zones of copper enrichment carry accessory silver mineralization which can range from less than 1 g Ag/t up to more than 40g Ag/t.
Champion Bear is most encouraged by these assay results. In conjunction with metallurgical test work to produce concentrate from drill core samples (see Champion Bear's news release dated October 31, 2000) and the current strong metal prices the company believes that a resource definition drilling program is warranted. The preliminary rougher flotation recoveries were 95% for Cu, 91% for Ni, 90% for palladium, 96% for platinum and 89% for silver and 82% for gold. Additional enhanced metallurgical test-work is planned to update the previous study and to investigate the full suite of potentially recoverable products.
Table 2 - Individual Assay Results (Mineralized Zone)
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Certi-
Hole Sample From To Au Pt Pd Ag Cu Ni ficate
Number Number (m) (m) Width ppb ppb ppb ppm ppm ppm Number
-------------------------------------------------------------------------
ER07-47 18870 126.5 127.5 1.00 63 59 118 1.3 1720 302 A07-6290
-------------------------------------------------------------------------
18871 127.5 128.5 1.00 78 80 149 1.7 2110 335 A07-6290
-------------------------------------------------------------------------
18872 128.5 129.5 1.00 80 82 152 1.9 2050 346 A07-6290
-------------------------------------------------------------------------
18873 129.5 130.5 1.00 62 69 140 1.6 1750 346 A07-6290
-------------------------------------------------------------------------
18874 130.5 131.5 1.00 77 92 159 1.3 1950 350 A07-6290
-------------------------------------------------------------------------
18875 131.5 132.5 1.00 80 99 179 1.4 2240 352 A07-6290
-------------------------------------------------------------------------
18876 132.5 133.5 1.00 90 108 206 1.2 2180 333 A07-6290
-------------------------------------------------------------------------
18877 133.5 134.5 1.00 71 84 155 2.1 2140 303 A07-6290
-------------------------------------------------------------------------
18878 134.5 135.5 1.00 93 98 190 1.2 2270 289 A07-6290
-------------------------------------------------------------------------
18879 135.5 136.5 1.00 50 67 124 1.1 1460 213 A07-6290
-------------------------------------------------------------------------
18880 136.5 137.5 1.00 65 83 143 1.1 1890 295 A07-6290
-------------------------------------------------------------------------
18881 137.5 138.5 1.00 107 127 226 2.0 2640 402 A07-6290
-------------------------------------------------------------------------
18882 138.5 139.5 1.00 118 154 261 2.1 2700 470 A07-6290
-------------------------------------------------------------------------
18883 139.5 140.5 1.00 102 113 214 2.1 2480 472 A07-6290
-------------------------------------------------------------------------
18884 140.5 141.5 1.00 147 186 321 2.9 3450 696 A07-6290
-------------------------------------------------------------------------
18885 141.5 142.5 1.00 136 166 286 2.6 3130 651 A07-6290
-------------------------------------------------------------------------
18886 142.5 143.5 1.00 123 148 266 2.9 2700 577 A07-6213
-------------------------------------------------------------------------
18887 143.5 144.5 1.00 194 232 416 4.0 3980 849 A07-6213
-------------------------------------------------------------------------
18888 144.5 145.5 1.00 144 194 336 3.2 3500 652 A07-6213
-------------------------------------------------------------------------
18889 145.5 146.5 1.00 71 94 148 3.8 3210 621 A07-6213
-------------------------------------------------------------------------
18890 146.5 147.5 1.00 128 161 277 2.4 2760 518 A07-6213
-------------------------------------------------------------------------
18891 147.5 148.5 1.00 70 74 133 1.5 1750 423 A07-6213
-------------------------------------------------------------------------
18892 148.5 149.5 1.00 116 135 258 2.8 3310 729 A07-6213
-------------------------------------------------------------------------
18893 149.5 150.5 1.00 44 50 92 1.5 1600 480 A07-6213
-------------------------------------------------------------------------
18894 150.5 151.5 1.00 3 6 11 0.8 893 340 A07-6213
-------------------------------------------------------------------------
18895 151.5 152.5 1.00 21 39 60 1.3 1490 457 A07-6213
-------------------------------------------------------------------------
18896 152.5 153.5 1.00 77 127 195 1.4 1870 397 A07-6213
-------------------------------------------------------------------------
18897 153.5 154.5 1.00 89 96 176 1.2 1800 338 A07-6213
-------------------------------------------------------------------------
18898 154.5 155.5 1.00 23 47 84 0.4 698 179 A07-6213
-------------------------------------------------------------------------
18899 155.5 156.5 1.00 61 62 115 1.2 1560 271 A07-6213
-------------------------------------------------------------------------
18900 156.5 157.5 1.00 135 123 226 2.0 2830 371 A07-6213
-------------------------------------------------------------------------
18901 157.5 158.5 1.00 145 142 262 2.6 3020 439 A07-6213
-------------------------------------------------------------------------
18902 158.5 159.5 1.00 153 173 312 3.2 3300 523 A07-6213
-------------------------------------------------------------------------
18903 159.5 160.5 1.00 226 266 518 4.7 5210 782 A07-6213
-------------------------------------------------------------------------
18904 160.5 161.5 1.00 137 179 329 3.3 3480 547 A07-6213
-------------------------------------------------------------------------
18905 161.5 162.5 1.00 174 218 427 2.6 4510 730 A07-6213
-------------------------------------------------------------------------
18906 162.5 163.5 1.00 173 216 402 2.6 4060 602 A07-6213
-------------------------------------------------------------------------
18907 163.5 164.5 1.00 138 184 344 2.4 3920 671 A07-6213
-------------------------------------------------------------------------
18908 164.5 165.5 1.00 145 175 325 3.1 4120 666 A07-6213
-------------------------------------------------------------------------
18909 165.5 166.5 1.00 225 231 442 4.6 5070 768 A07-6213
-------------------------------------------------------------------------
18910 166.5 167.5 1.00 244 295 538 5.5 6000 943 A07-6213
-------------------------------------------------------------------------
18911 167.5 168.5 1.00 184 231 418 3.8 4440 763 A07-6213
-------------------------------------------------------------------------
18912 168.5 169.5 1.00 151 192 368 3.2 4210 686 A07-6213
-------------------------------------------------------------------------
18913 169.5 170.5 1.00 217 239 433 3.5 4990 766 A07-6213
-------------------------------------------------------------------------
18914 170.5 171.5 1.00 162 229 399 1.8 3620 673 A07-6213
-------------------------------------------------------------------------
18915 171.5 172.5 1.00 123 136 254 2.2 2750 427 A07-6213
-------------------------------------------------------------------------
18916 172.5 173.5 1.00 140 157 273 17.7 2740 443 A07-6213
-------------------------------------------------------------------------
18917 173.5 174.5 1.00 46 39 79 42.7 1710 151 A07-6213
-------------------------------------------------------------------------
18918 174.5 175.5 1.00 221 303 529 11.0 5670 971 A07-6213
-------------------------------------------------------------------------
18919 175.5 176.5 1.00 284 287 520 11.2 6380 867 A07-6213
-------------------------------------------------------------------------
18920 176.5 177.5 1.00 250 324 580 5.8 6580 1050 A07-6213
-------------------------------------------------------------------------
18921 177.5 178.5 1.00 240 283 499 5.2 6020 850 A07-6213
-------------------------------------------------------------------------
18922 178.5 179.5 1.00 211 309 371 6.0 4750 789 A07-6213
-------------------------------------------------------------------------
18923 179.5 180.5 1.00 224 311 526 5.9 5560 850 A07-6213
-------------------------------------------------------------------------
18924 180.5 181.5 1.00 376 342 547 8.3 7700 920 A07-6213
-------------------------------------------------------------------------
18925 181.5 182.5 1.00 215 269 481 7.4 5270 771 A07-6213
-------------------------------------------------------------------------
18926 182.5 183.5 1.00 142 144 262 3.3 3180 473 A07-6213
-------------------------------------------------------------------------
18927 183.5 184.5 1.00 204 202 398 7.2 4720 667 A07-6213
-------------------------------------------------------------------------
18928 184.5 185.5 1.00 255 315 561 5.3 5660 894 A07-6213
-------------------------------------------------------------------------
18929 185.5 186.5 1.00 235 299 538 4.7 5490 827 A07-6213
-------------------------------------------------------------------------
18930 186.5 187.5 1.00 233 281 514 5.8 5230 811 A07-6213
-------------------------------------------------------------------------
18931 187.5 188.5 1.00 273 329 572 3.6 5360 910 A07-6213
-------------------------------------------------------------------------
18932 188.5 189.5 1.00 220 268 486 5.1 4760 725 A07-6213
-------------------------------------------------------------------------
18933 189.5 190.5 1.00 279 361 626 5.1 5900 900 A07-6213
-------------------------------------------------------------------------
18934 190.5 191.5 1.00 259 347 582 5.2 5330 804 A07-6213
-------------------------------------------------------------------------
18935 191.5 192.5 1.00 253 333 599 5.7 5410 883 A07-6213
-------------------------------------------------------------------------
18936 192.5 193.5 1.00 249 319 568 4.3 5630 855 A07-6213
-------------------------------------------------------------------------
18937 193.5 194.5 1.00 223 271 461 5.5 4350 647 A07-6213
-------------------------------------------------------------------------
18938 194.5 195.5 1.00 280 286 499 3.9 4660 641 A07-6213
-------------------------------------------------------------------------
18939 195.5 196.5 1.00 179 224 400 3.0 3910 508 A07-6213
-------------------------------------------------------------------------
18940 196.5 197.5 1.00 197 230 402 3.4 3670 498 A07-6213
-------------------------------------------------------------------------
18941 197.5 198.5 1.00 68 232 407 1.1 1620 443 A07-6213
-------------------------------------------------------------------------
18942 198.5 199.5 1.00 48 212 364 0.6 1400 436 A07-6213
-------------------------------------------------------------------------
18943 199.5 200.5 1.00 35 170 354 0.6 1090 410 A07-6213
-------------------------------------------------------------------------
18944 200.5 201.5 1.00 91 118 227 0.9 1500 253 A07-6213
-------------------------------------------------------------------------
18945 201.5 202.5 1.00 86 99 164 0.6 1260 216 A07-6213
-------------------------------------------------------------------------
-------------------------------------------------------------------------
ER07-48 8784 110.50 111.50 1.00 102 120 226 5.5 3050 361 A07-6544
-------------------------------------------------------------------------
8785 111.50 112.50 1.00 141 137 287 4.5 3940 419 A07-6544
-------------------------------------------------------------------------
8786 112.50 113.50 1.00 377 441 738 8.4 7280 1400 A07-6544
-------------------------------------------------------------------------
8787 113.50 114.50 1.00 333 437 732 8.4 7450 1530 A07-6544
-------------------------------------------------------------------------
8788 114.50 115.50 1.00 357 464 790 8.5 7580 1590 A07-6544
-------------------------------------------------------------------------
8789 115.50 116.50 1.00 166 230 422 6.5 6570 847 A07-6544
-------------------------------------------------------------------------
8790 116.50 117.50 1.00 258 295 539 7.6 6520 1170 A07-6544
-------------------------------------------------------------------------
8791 117.50 118.50 1.00 287 362 599 6.9 5760 1100 A07-6544
-------------------------------------------------------------------------
8792 118.50 119.50 1.00 304 411 692 7.5 6290 1150 A07-6544
-------------------------------------------------------------------------
8793 119.50 120.50 1.00 343 475 821 8.6 7420 1330 A07-6544
-------------------------------------------------------------------------
8794 120.50 121.50 1.00 472 655 1040 9.9 8860 1380 A07-6544
-------------------------------------------------------------------------
8795 121.50 122.50 1.00 127 169 269 4.2 2900 394 A07-6544
-------------------------------------------------------------------------
8796 122.50 123.50 1.00 79 111 182 2.3 1640 266 A07-6544
-------------------------------------------------------------------------
8797 123.50 124.50 1.00 125 168 294 3.1 2710 395 A07-6544
-------------------------------------------------------------------------
8798 124.50 125.50 1.00 218 289 493 5.1 4080 741 A07-6544
-------------------------------------------------------------------------
8799 125.50 126.30 0.80 19 15 29 1.7 429 98 A07-6544
-------------------------------------------------------------------------
8800 126.30 127.15 0.85 6 5 11 1.4 224 101 A07-6544
-------------------------------------------------------------------------
8801 127.15 128.30 1.15 5 2 6 1.4 189 75 A07-6544
-------------------------------------------------------------------------
8802 128.30 129.50 1.20 155 207 348 3.6 3280 472 A07-6544
-------------------------------------------------------------------------
8803 129.50 130.50 1.00 235 272 482 5.3 4310 701 A07-6544
-------------------------------------------------------------------------
8804 130.50 131.50 1.00 232 261 473 6.1 4970 712 A07-6544
-------------------------------------------------------------------------
8805 131.50 132.50 1.00 144 196 320 4.9 2990 412 A07-6544
-------------------------------------------------------------------------
8806 132.50 133.60 1.10 61 64 103 2.3 1170 188 A07-6544
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-------------------------------------------------------------------------
ER07-49 146030 148.00 149.00 1.00 225 297 515 2.9 4640 617 A07-6545
-------------------------------------------------------------------------
146031 149.00 150.00 1.00 272 425 643 3.2 4730 524 A07-6545
-------------------------------------------------------------------------
146032 150.00 151.00 1.00 497 629 955 3.7 5870 760 A07-6545
-------------------------------------------------------------------------
146033 151.00 152.00 1.00 333 401 651 1.8 2800 355 A07-6545
-------------------------------------------------------------------------
146034 152.00 153.00 1.00 54 73 100 0.6 992 191 A07-6545
-------------------------------------------------------------------------
146035 153.00 154.00 1.00 72 72 114 0.9 1230 204 A07-6545
-------------------------------------------------------------------------
146036 154.00 154.90 0.90 18 14 25 (less 421 111 A07-6545
than)
0.3
-------------------------------------------------------------------------
146037 154.90 156.00 1.10 20 23 43 (less 406 107 A07-6545
than)
0.3
-------------------------------------------------------------------------
146038 156.00 157.00 1.00 7 5 20 (less 193 111 A07-6545
than)
0.3
-------------------------------------------------------------------------
146039 157.00 158.00 1.00 6 2 4 (less 253 95 A07-6545
than)
0.3
-------------------------------------------------------------------------
146040 158.00 159.00 1.00 200 266 409 2.2 2990 377 A07-6545
-------------------------------------------------------------------------
146041 159.00 160.00 1.00 14 7 10 (less 217 78 A07-6545
than)
0.3
-------------------------------------------------------------------------
146042 160.00 161.00 1.00 14 11 26 (less 210 118 A07-6545
than)
0.3
-------------------------------------------------------------------------
146043 161.00 162.00 1.00 33 2 5 (less 161 82 A07-6545
than)
0.3
-------------------------------------------------------------------------
146044 162.00 163.00 1.00 16 5 9 1.0 245 91 A07-6545
-------------------------------------------------------------------------
146045 163.00 164.15 1.15 12 7 16 (less 219 94 A07-6545
than)
0.3
-------------------------------------------------------------------------
146046 164.15 165.40 1.25 89 1 1 (less 40 29 A07-6545
than)
0.3
-------------------------------------------------------------------------
146047 165.40 166.00 0.60 12 8 96 (less 521 375 A07-6545
than)
0.3
-------------------------------------------------------------------------
146048 166.00 167.00 1.00 4 1 4 (less 173 152 A07-6545
than)
0.3
-------------------------------------------------------------------------
146049 167.00 168.00 1.00 19 6 11 (less 199 148 A07-6545
than)
0.3
-------------------------------------------------------------------------
146050 168.00 169.00 1.00 24 16 27 (less 409 165 A07-6545
than)
0.3
-------------------------------------------------------------------------
146051 169.00 170.00 1.00 73 110 239 1.2 1490 421 A07-6545
-------------------------------------------------------------------------
146052 170.00 171.00 1.00 441 511 815 5.1 5470 1140 A07-6545
-------------------------------------------------------------------------
146053 171.00 172.00 1.00 393 496 769 5.2 5290 1090 A07-6545
-------------------------------------------------------------------------
146054 172.00 173.00 1.00 32 56 112 0.7 796 214 A07-6545
-------------------------------------------------------------------------
146055 173.00 174.00 1.00 318 512 926 5.5 5930 1240 A07-6545
-------------------------------------------------------------------------
146056 174.00 175.00 1.00 635 563 923 7.1 7590 1590 A07-6545
-------------------------------------------------------------------------
146057 175.00 176.00 1.00 491 564 944 6.6 7150 1560 A07-6545
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The diamond drilling was supervised by Watts, Griffis and McOuat Limited ("WGM") geologist Tania Ilieva, P. Geo. Diamond drill core was logged, marked for sampling and saw cut, half the core was sealed in new plastic sample bags the remaining half core was retained and securely stored for future reference. Plastic sample bags were then sealed in rice bags, and shipped directly by Greyhound and or Manitoulin Transport to Activation Laboratories in Ancastor. Gold, Platinum and Palladium analyses were assayed by Fire Assay-MS technique, Ag and Ni analyses are Multi INNA /Total Digestion ICP(Total) and Cu analyses are TD-ICP. Full descriptions of these analytical techniques and procedures, may be examined on the labs web site www.actlabsint.com. The laboratory carries out a comprehensive internal quality control program including certified calibration standards, duplicate analyses and insertion of blanks. Full assay certificates are available from the company on request.
The QP for the technical aspects of this news release is Joe Hinzer P. Geo., President of WGM.
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 company's intention to complete additional exploration on the Eagle Rock property which are based on Champion Bear's current internal expectations. These statements are not guarantees 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, Champion Bear's need for additional funding to continue its exploration efforts and changes in general economic, market and business conditions. 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.