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Champion Iron Ltd.
Summary
| Project: | Powderhorn | |
|---|---|---|
| Deposit: | Powderhorn | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver | |
| Date: | 8/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-8-2018: Champion Iron Ltd. announces an Exploration/Drilling Update report for its Powderhorn deposit at the Powderhorn project. Drilling results incl. 3.35m @ 6.94% Zn, 0.25% Cu, 48g/t Ag from 205.25m. (Montreal – August 15, 2018) Champion Iron Limite | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Hugues Longuepee (Internal) | |
| ABSTRACT: | (Montreal – August 15, 2018) Champion Iron Limited (TSX: CIA, ASX:CIA) reports that its whollyowned subsidiary Champion Iron Mines Limited (the “Company” or “Champion”) is pleased to disclose results of recent exploration drilling at its Powderhorn property, located in North Central Newfoundland, 40 km southwest of the town of Springdale. This program intersected several zinc (“Zn”) rich intervals, including drill hole PH18-01 which intersected 3.31% Zn, 0.53% copper (“Cu”) and 48 g/t silver (“Ag”) over 4.45 meters, 5.2% Zn, 0.48% Cu and 22 g/t Ag over 4.46 meters and 1.18% Cu over 0.69 meter. Drill hole PH18-06, located 100 meters away, intersected 6.94% Zn and 48 g/t Ag over 3.35m, including a 1-meter width which returned 16.4% Zn. The Powderhorn project targets the same volcanic units that host the Buchans Mine, located 60 km away, one of the richest volcanogenic massive sulphide deposits ever discovered. Geological data acquired by Champion in 2017 and 2018 strongly suggests that the Zn-rich layer discovered near surface in PH18-08 is continuous and is likely linked to one of the layers intersected in PH17- 07, located 1 km to the northwest. | |
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