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Chibougamau Independent Mines Inc.

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Summary

Project:

Berrigan

Deposit:Berrigan
Location:Canada
Commodities:Gold-Silver-Zinc
Date:2/1/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:1-2-2017: Chibougamau Independent Mines Inc. announces an Exploration/Drilling Update report for its Berrigan deposit at the Berrigan project. Drilling results incl. 19.25m @ 0.723g/t Au, 6.31g/t Ag, 2.22% Zn from 237.0m. Chibougamau Independent Mines Inc
Resources:x
CP/QP:[Overall Report]: Jack Stoch (Internal)
ABSTRACT:Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL) (OTC Markets (USA) : CMAUF) is pleased to inform shareholders that it has received assays from five drill holes undertaken on our Berrigan zinc, gold, silver property located 4 km west‐northwest of the Town of Chibougamau in McKenzie Township, Quebec. The Berrigan property is the singular zinc property in our large Chibougamau Mining Camp land package that includes five former copper‐gold mines, the down dip potential of three copper‐gold mines and numerous mineralized surface showings and historical drill holes as well as a large vanadium‐iron zone recently optioned to Vanadium One Energy Corp (VONE‐TSXV), a company of which Chibougamau Independent is now a large shareholder. All five drill holes intersected multiple zinc‐gold‐silver zones at shallow vertical depths of between 51 meters and 250 meters. We are very encouraged by the wide spread zinc, gold and silver assays. Our team is studying the new results in combination with the historical drilling in order to design the next exploration program.

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