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Chibougamau Independent Mines Inc.

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Summary

Project:

Bateman Bay

Deposit:C-3 Zone
Location:Canada
Commodities:Copper-Gold-Silver-Cobalt
Date:3/24/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:24-3-2020: Chibougamau Independent Mines Inc. announces an Exploration/Drilling Update report for its C-3 Zone deposit at the Bateman Bay project. Drilling results incl. 3.44m @ 3.59% Cu, 14.15g/t Au, 21.18g/t Ag, 0.044% Co from 440.83m. ROUYN-NORANDA, QU
Resources:x
CP/QP:[Overall Report]: Jack Stoch, Pierre Riopel (Internal)
ABSTRACT:ROUYN-NORANDA, QUÉBEC- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, wishes to inform shareholders that we have completed a four hole drill program in the area of the C-3 copper/gold zone on our 100% owned Bateman Bay property, located 8 km east of the Town of Chibougamau, Quebec in McKenzie Township. Hole BJ-20-29 below is the last hole directed toward testing the C-3 zone of this drill program. Hole BJ-20-29 intersected the north-northwestern side of the C-3 copper/gold zone at a vertical depth of 400 metres and approximately 75 metres north-northwest of hole BJ-19-21 which assayed 3.06% Cu, 2.96 g/t Au, 13.04 g/t Ag and 0.023% Co over a core length of 15.68 metres including 4.01% Cu, 4.9 g/t Au, 16.17 g/t Ag and 0.029% Cu over 4.38m and 4.20% Cu, 3.73 g/t Au, 18.63 g/t Ag and 0.031% Cu over 5.90 m also in two higher grade zones (see press release dated August 7, 2019).

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