- Published: 05 January 2009
- Written by Editor
Champion Bear Is Encouraged by Preliminary Assay Results From Its Definition Drilling Program at Eagle Rock Cu-Ni-Pge Property
Champion Bear Resources Ltd. ("Champion Bear" or the "Company") (TSX VENTURE: CBA) is encouraged by the preliminary assay results from the first phase (3211m) of its planned 10,000 m definition drilling program at its Eagle Rock property south west of Dryden, Ontario and expects to be able to define a bulk mineable open pit mineral resource.
The 13 recently completed drill holes were restricted to testing only the eastern portion of the property between Section 0+50W and 3+50E. All other areas of the Campbell Zone (1,100 metre zone between sections 7+00W and 4+00E) were inaccessible due to heavier than normal rains flooding the western area.
Table 1 below summarizes selected assay results for the thirteen drill holes completed in 2008.
---------------------------------------------------------------------------- Table 1. Selected Assay Results for Eagle Rock 2008 drilling ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Hole # From To Width Au+Pt+Pd(i) Cu Ni Cu(ii) Ni(ii) ---------------------------------------------------------------------------- (m) (m) (m) ppb ppm ppm % % ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-01A 156 174 18.0 721.00 3305.00 575.00 0.33 0.06 ---------------------------------------------------------------------------- includes 157 167.2 10.2 1034.00 4811.00 731.00 0.48 0.07 ---------------------------------------------------------------------------- 225 275 50.0 654.00 2787.00 385.00 0.28 0.04 ---------------------------------------------------------------------------- includes 247 252 5.0 1055.00 4350.00 583.00 0.44 0.06 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-02 131.1 149 17.9 872.00 4615.00 655.00 0.46 0.07 ---------------------------------------------------------------------------- includes 137.4 147 9.6 1320.00 6522.00 959.00 0.65 0.10 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-03 88 101 13.0 1330.23 5997.69 963.69 0.60 0.10 ---------------------------------------------------------------------------- 109.5 112 2.5 716.06 3490.00 612.56 0.35 0.06 ---------------------------------------------------------------------------- 120 161 41.0 423.50 2098.29 276.27 0.21 0.03 ---------------------------------------------------------------------------- includes 138 145 7.0 556.71 2737.14 326.29 0.27 0.03 ---------------------------------------------------------------------------- includes 157 160 3.0 719.33 2610.00 336.00 0.26 0.03 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-04 140 150.1 10.1 549.16 3569.50 455.01 0.36 0.05 ---------------------------------------------------------------------------- includes 144 150.1 6.1 767.51 4957.54 623.48 0.50 0.06 ---------------------------------------------------------------------------- 240 245 5.0 554.60 2786.00 413.80 0.28 0.04 ---------------------------------------------------------------------------- 275 283.8 8.8 615.73 2176.70 394.64 0.22 0.04 ---------------------------------------------------------------------------- 279 283 4.0 1116.75 3832.50 669.75 0.38 0.07 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-05 102 119 17.0 730.93 4120.92 823.22 0.41 0.08 ---------------------------------------------------------------------------- includes 108 116 8.0 1215.63 6692.50 1367.88 0.67 0.14 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-06 161 171.7 10.7 523.04 2979.91 400.21 0.30 0.04 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ER08-07 121.6 123.6 2.0 497.00 2075.00 338.50 0.21 0.03 ---------------------------------------------------------------------------- ER08-08 no significant values ---------------------------------------------------------------------------- ER08-09 no significant values ---------------------------------------------------------------------------- ER08-10 no significant values ---------------------------------------------------------------------------- ER08-11 no significant values ---------------------------------------------------------------------------- ER08-12 195 197 2.0 514.00 2465.00 322.00 0.25 0.03 ---------------------------------------------------------------------------- ER08-13 no significant values ---------------------------------------------------------------------------- (i) Average composition is 23% Au, 29% Pt and 48% Pd (ii) (converted from ppm)