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Chibougamau Independent Mines Inc.
Summary
| Project: | Bateman Bay | |
|---|---|---|
| Deposit: | C-3 Zone | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Cobalt | |
| Date: | 8/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-8-2019: Chibougamau Independent Mines Inc. announces an Exploration/Drilling Update report for its C-3 Zone deposit at the Bateman Bay project. Drilling results incl. 45.40m @ 3.02% Cu, 0.48g/t Au, 20.20g/t Ag, 0.025% Co. ROUYN-NORANDA, QUÉBEC- Chibouga | |
| 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) is providing assay results and an update on the current ongoing drill program at Chibougamau’s 100% owned Bateman Bay, C-3 copper/gold zone. Globex Mining Enterprises Inc. (GMX-TSX, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) holds a 3% Gross Metal Royalty on the property. To date, 7 new holes have been completed totaling 3441 m. A number of holes had to be abandoned and restarted due to excessive deviation. One hole, BJ-19-23B, upon a third try, was allowed to proceed even though it undershot the target area by over 250 metres. Hole BJ-19-21, located 62 m below and 50 m southeast of hole BJ-19-17, which intersected 4.33% Cu, 3.69 g/t Au, 19.62 g/t Ag and 0.02 % Co over 22 m (see press release dated April 22, 2019), intersected the following | |
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