Chibougamau Independent Mines Inc V.CBG

Drilling Wrapped Up...

[osprey18]

...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   View Original Document

 

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.

 

[SuneeDaze]

Not sure if it was just the headline in the nr or what, but I'm not sure of th reason for the negative response.  They've completed a couple holes on Bateman Bat and Copper Cliff, logged, split  and sampled core....and now we await for assays.... All sounds good...big time buying opportunity for anyone with funds. Anyway, have a good afternoon.