Chibougamau Independent Mines Extends C-3 Copper-Gold Zone to 515 metres Vertical Depth
28 Février 2020 - 6:40PM
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,
is pleased to report the results of the deepest drill hole
completed upon the C-3 copper/gold zone located on our Bateman Bay
Mine property in McKenzie Township, Quebec, approximately 8 km east
of the Town of Chibougamau.
Hole BJ-20-27 was drilled to
undercut previous Hole BJ-19-18 which at a
vertical depth of approximately 450 m intersected 7.70% Cu,
3.58 g/t Au, 33.25 g/t Ag and 0.031% Co over a core length of 9.20
metres (see Chibougamau press release dated April 22,
2019).
Hole BJ-20-27 intersected the C-3
copper-Gold Zone 65 metres below Hole BJ-19-18 at a vertical depth
of 515 m. Two (2) zones of copper-gold mineralization were
intersected as follows:
Hole BJ-20-27
From (m) |
To (m) |
Length (m) |
Copper (%) |
Gold (g/t) |
Silver (g/t) |
Cobalt (%) |
582.15 |
583.46 |
1.31 |
7.07 |
18.99 |
32.9 |
0.030 |
583.46 |
584.24 |
0.78 |
1.45 |
0.90 |
11.5 |
0.006 |
584.24 |
585.70 |
1.46 |
0.11 |
0.12 |
0.8 |
0.005 |
585.70 |
586.25 |
0.55 |
1.50 |
5.76 |
5.9 |
0.008 |
586.25 |
587.65 |
1.40 |
0.57 |
0.20 |
2.2 |
0.007 |
587.65 |
588.46 |
0.81 |
4.99 |
2.16 |
18.8 |
0.021 |
588.46 |
589.50 |
1.04 |
1.69 |
1.06 |
6.6 |
0.012 |
589.50 |
590.40 |
0.90 |
4.36 |
6.82 |
18.2 |
0.022 |
590.40 |
591.40 |
1.00 |
1.15 |
1.04 |
4.3 |
0.010 |
582.15 |
591.40 |
9.25 |
2.49 |
4.24 |
11.1 |
0.014 |
From (m) |
To (m) |
Length (m) |
Copper (%) |
Gold (g/t) |
Silver (g/t) |
Cobalt (%) |
597.00 |
598.00 |
1.00 |
1.31 |
0.08 |
4.3 |
0.011 |
598.00 |
599.38 |
1.38 |
2.73 |
0.81 |
10.6 |
0.013 |
599.38 |
600.48 |
1.10 |
3.44 |
0.52 |
16.0 |
0.021 |
600.48 |
601.02 |
0.54 |
17.50 |
0.93 |
66.1 |
0.042 |
601.02 |
602.55 |
1.53 |
3.06 |
0.51 |
11.5 |
0.014 |
597.00 |
602.55 |
5.55 |
4.14 |
0.55 |
16.2 |
0.017 |
Assays above are core lengths and not true
widths which are thought to be 50% of the core length. Assaying was
by Laboratoire Expert Inc. of Rouyn-Noranda, Quebec.
One additional shallow hole, BJ-20-28, was
drilled to delimit the southern side of the C-3 zone at a vertical
depth of 255 m. The hole did not intersect copper-gold
values.
Recent drilling in conjunction with 3D modeling
has led us to the conclusion that the C-3 zone strikes close to
north-south rather than northwest–southeast as all the other
orebodies within the main Chibougamau Mining Camp. This along
with the projection of the C-3 zone under Lac aux Dorés makes
achieving perpendicular intersections impossible unless drilled
from the lake on stable ice conditions or from a barge in the
summer. Poor ice conditions this year have prevented drilling
from the lake and resulted in more oblique intersections than
desired.
Chibougamau Independent Mines is currently
drilling hole BJ-20-29 to probe for the northern
edge of the C-3 zone at a depth of approximately 400 metres, 75
meters north of hole BJ-19-21 which returned 15.68 metres
grading 3.06% Cu, 2.96 g/t Au, 13.04 g/t Ag and
0.023% Co (see Chibougamau press release dated August 7,
2019). Next, the drill will test an induced polarization anomaly on
land northeast of the C-3 zone.
Laboratory and Assay Methods
Chibougamau Independent Mines’ NQ drill core
sampling including the quality assurance/quality control program is
performed internally by Chibougamau Independent Mines personnel
under the immediate supervision of Chibougamau Independent Mines
project geologist. Cut half core samples prepared at Chibougamau
Independent Mines’ core sampling facility in Chibougamau, are
tagged and sealed in plastic bags and are delivered directly by
Chibougamau Independent Mines personnel to Expert Laboratories Inc,
located at 750-A rue Saguenay, Rouyn-Noranda, Quebec. The
laboratory conducts all aspects of the sample preparation including
drying and crushing to a minus 100 mesh screen size and the
processing of a 300 gram sub sample for pulverization to a nominal
minus 200 mesh size with the remaining crushed reject material
being retained for storage. For gold assaying, a 29.16 gram
sub-sample of the pulp (1 assay-ton) is taken, fused following the
standard procedures used in a fire assay method. The gold content
of all samples is determined using atomic Absorption
Spectroscopy. Samples containing greater than 1gpt gold are
subjected to a re-assay whereby the gold content is determined
using a gravimetric fire assay method. For base metal assaying
(copper, lead, zinc including silver) a 0.5g sample is initially
treated by aqua regia digestion with nitric and hydrochloric acid
and subsequently analyzed by a spectrometer of atomic absorption
finish. The limit of detection is 0.01% for all metals except for
silver which is 3 ppm.
Analytical accuracy and precision are monitored
by the routine insertion of blanks, duplicates and reference
accredited low/high grade standards at 20 sample intervals in
Chibougamau Independent Mines’ sample stream. This is in
addition to the routine blanks, duplicates (gold, silver, copper
and zinc) and accredited standards insertion by Expert Laboratories
during the course of the assaying process.
This press release was written by Jack Stoch, P.
Geo., President and CEO of Chibougamau Independent Mines Inc. and
Pierre Riopel, Geo., in their capacity as a Qualified Person (Q.P.)
under NI 43-101.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of the release.
We Seek Safe
Harbour. |
CUSIP Number 167101 203LEI 529900GYUP9EBEF7U709 |
For further information,
contact: |
Jack Stoch, P.Geo.,
Acc.Dir.President & CEOChibougamau Independent Mines Inc.86,
14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 |
Tel.: 819.797.5242Fax:
819.797.1470 info@chibougamaumines.comwww.chibougamaumines.com |
Forward Looking Statements Except for
historical information this News Release may contain certain
“forward looking statements”. These statements may involve a number
of known and unknown risks and uncertainties and other factors that
may cause the actual results, level of activity and performance to
be materially different from the Companies expectations and
projections. A more detailed discussion of the risks is available
under “disclaimer” on the Company’s website.
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