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Champion Bear resources Ltd.
Summary
| Project: | Plomp Farm | |
|---|---|---|
| Deposit: | Plomp Farm | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Champion Bear resources Ltd. announces a Resource Estimation report for its Plomp Farm deposit at the Plomp Farm project. Updated Mineral Resource from historic estimate. CALGARY, Alberta, Nov. 21, 2017 -- CHAMPION BEAR RESOURCES LTD (TSV:CBA) | |
| Resources: | (Resource, Inf.): 5.7Mt @ 0.58g/t Au, 0.21g/t Ag for 107.1Koz Au and 38.4koz Ag contained | |
| CP/QP: | [Resources]: Todd McCracken (WSP Canada Inc.) | |
| ABSTRACT: | CALGARY, Alberta, Nov. 21, 2017 -- CHAMPION BEAR RESOURCES LTD (TSV:CBA) (“Champion Bear” or the “Company”) is pleased to announce an initial Mineral Resource Estimate for the Plomp Farm deposit located approximately 14 kilometers west of Dryden, Ontario, Canada, in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101. This initial Mineral Resource Estimate is based solely on historical drilling results from 128 drill holes (51,000 meters) operated by Champion Bear from 1994 to 2005. Richard Kantor, Chairman and President for Champion Bear, stated, "The Plomp Farm initial Mineral Resource Estimate is the result of significant effort to combine years of historical drilling results into a modern data set interpreted with the hindsight of Ontario analogies in sheared quartz-sericite schist deposits advanced over the last 3 decades. Historical exploration efforts created significant gaps in the data within the main resource and we intend to solve these legacy issues going forward. We believe that there remains significant potential to expand the current resource base both along strike and at depth and this will be an objective of future advanced exploration programs. I extend my appreciation to the team of dedicated professionals who have worked very hard to achieve this initial result.” The initial Mineral Resource Estimate for the Plomp Farm deposit incorporates assay results from 128 diamond drill holes totaling 51,000 meters of historical drilling. The estimate was prepared using a block model constrained with 3D wireframes of the principal mineralized domains. Values for gold were interpolated into blocks using ordinary kriging (OK). | |
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