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Champion Iron Ltd.
Summary
| Project: | Powderhorn | |
|---|---|---|
| Deposit: | Powderhorn | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver | |
| Date: | 3/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-3-2019: Champion Iron Ltd. announces an Exploration/Drilling Update report for its Powderhorn deposit at the Powderhorn project. Drilling results incl. 2.76m @ 10.21% Zn, 0.42% Cu, 10.7g/t Ag from 710.22m. Montreal, March 20, 2019 – Champion Iron Limit | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Hugues Longuepee (Internal) | |
| ABSTRACT: | Montreal, March 20, 2019 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (the “Company” or “Champion”) discloses strong results from its 9,350-m drilling campaign completed in the fall of 2018 at its wholly-owned Powderhorn property, located in North Central Newfoundland, 40 km southwest of the town of Springdale. The drill program was designed to test the lateral continuity of the zinc-rich intervals intersected by Champion in the spring of 2018. Several drill holes yielded significant zinc values, including one interval in PH18-34 which returned 23.6% zinc (“Zn”) and 163 g/t silver (“Ag”) over 0.88 m. This high-grade sample is part of a mineralized layer that locally reaches 4.5 m in thickness (see Champion’s August 15, 2018 press release). The copper zone interpreted from previous work was also intersected and carries gold grades above 1 g/t. Powderhorn, originally considered a zinc project, can now be viewed as polymetallic. David Cataford, Chief Operating Officer, commented: “The fall 2018 drilling results at Powderhorn are very encouraging, with the occurrence of a copper-gold zone close to surface and the continuity of high-grade zinc at depth. Champion is optimistic about this project, as these findings reflect the potential of an under-explored area located on prospective land held by the company.” | |
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