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Chibougamau Independent Mines Inc V.CBG

Alternate Symbol(s):  CMAUF

Chibougamau Independent Mines Inc. is a Canada-based natural resources exploration and development company with properties located in the area of Chibougamau, Quebec. The Company is focused on finding economic mineral deposits and reviving production in the Chibougamau mining camp. The Company holds approximately 12 exploration properties. It retains a 2% Gross Metal Royalty (GMR) on all iron and vanadium produced from the Mont Sorcier property. Properties included in the Chibougamau Mining Camp are Baie Malouf, Bateman Bay, Berrigan Mine, Berrigan South, Buckell Lake, Copper Cliff Extension, Grandroy, Gwillim, Kokko Creek, Lac Antoinette, Lac Chibougamau, Lac David Sud, Lac Elaine, Lac Simon, Mont Sorcier, Nepton, Quebec Chibougamau GoldFields and Virginia Option. The Bateman Bay gold-copper-silver (Au-Cu-Ag) mine & two former mining blocks constitute the Bateman Bay property, which is composed of approximately 15 mining claims totaling 353 hectares that are owned by the Company.


TSXV:CBG - Post by User

Post by osprey18on Aug 20, 2019 11:05am
254 Views
Post# 30046610

Drilling Wrapped Up...

Drilling Wrapped Up......and now we wait for assays...

Chibougamau Independent Mines Inc (2)
Symbol C : CBG
Shares Issued 46,695,042
Close 2019-08-19 C$ 0.105
Recent Sedar Documents

 

Chibougamau halts Bateman drilling until winter

 

2019-08-20 10:56 ET - News Release

 

Mr. Jack Stoch reports

DRILL PROGRAM PAUSED UNTIL THE WINTER FOR DRILLING FROM THE ICE

Chibougamau Independent Mines Inc. has ended the current drill program at its 100-per-cent-owned C-3 copper/gold discovery on the Bateman Bay property in the Chibougamau mining camp.

Core from the last holes is currently being bound onto pallets and will be moved to our Rouyn-Noranda coreshack where final logging and core splitting will take place and samples sent for analysis.

Immediately after terminating the C-3 drilling, the drill was moved to our 100% owned Copper Cliff property to test a perceived plunge direction of historical gold mineralization. This core is also being transported to Rouyn-Noranda for detailed logging, splitting and assaying.

It is our intention to return to the C-3 zone this winter in order to test the southeastern strike of the zone from the ice as drilling from a barge would be very costly. In addition, several other target areas have been outlined where shallow historical drilling in numerous holes has indicated one or more copper/gold zones that are open to depth on strike of the C-3 zone. Similarly, if the Copper Cliff drill hole returns good assays, additional drilling will be planned. 

Chibougamau holds a massive land package in the Chibougamau Mining Camp and will continue to advance the various assets.

This press release was written by Jack Stoch, Geo., President and CEO of Chibougamau Independent Mines Inc. and Pierre Riopel, Geo., Project Manager, in their capacity as Qualified Persons (Q.P.) under NI 43-101.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

 

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