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CBA Champion Bear Resources Ltd

0.07
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Champion Bear Resources Ltd TSXV:CBA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.07 0.055 0.075 0 21:00:01

Champion Bear Commences Exploration Work on Sudbury Area Properties

12/03/2012 5:02pm

Marketwired Canada


Champion Bear Resources Ltd. ("Champion Bear" or the "Company") (TSX
VENTURE:CBA) is pleased to announce the commencement of the 2012 exploration
programs on the Company's nickel-copper-platinum-palladium-gold properties (the
"Properties") located in the Sudbury Mining Camp, northeastern Ontario. Drilling
has commenced on the Hess property and field work is scheduled for the Iron Mask
and Ermatinger properties. The three properties form a contiguous 35 kilometre
long package located in the north range footwall of the Sudbury Structure and
cover several kilometres of under-explored Offset Dyke, a Sudbury rock-type
known to host several of the large nickel-copper-precious metal mines in the
Sudbury Camp. 


At the Hess Property, a budgeted 550 metre drill program has been initiated and
targets several untested electro-magnetic ("EM") conductors. The conductors form
an 800 metre long trend coincidental with the trend of the Hess Offset dyke
which hosts several near surface nickel-copper-platinum-palladium sulphide
showings. The property is a 50:50 joint venture with Wallbridge Mining Company
Limited.


The Company's 100% held Iron Mask property, lies immediately on strike of the
Hess drilling and remains virtually unexplored for the highly prospective Offset
Dyke material. Field work is planned at Iron Mask and is designed to develop
Offset Dyke targets for drill testing. At the Ermatinger property, a 50:50 joint
venture with Wallbridge Mining, field work will continue to define a new Offset
Dyke trend identified by previous ground work. 


The exploration program will be overseen by Rob Foy, P.Geo., a Company director
and the Company's Qualified Person for this press release as defined in National
Instrument 43-101.


Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. The Company's primary target is
platinum group and precious metals and to a lesser extent polymetallic base
metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create
shareholder value through selective property acquisition and joint venture
followed by focused exploration emphasizing drilling. The Company has assembled
a large land position in the Dryden and Sudbury areas, totaling over 16,000
hectares.


This news release contains forward-looking statements concerning plans to locate
new mineralization zones, the timing and composition of the exploration and
surface work programs to be completed on certain of Champion Bear's mineral
properties which are based on Champion Bear's current internal expectations,
which may prove to be incorrect. These statements are not a guarantee of future
performance and undue reliance should not be placed on them. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties that are common to junior mineral exploration companies. These
risks and uncertainties include, among other things, Champion Bear's need for
additional funding to continue its exploration efforts, changes in general
economic, market and business conditions; and competition for, among other
things, capital and skilled personnel. The Company undertakes no obligation to
update or revise any forward-looking statements except as required by applicable
securities laws.


No regulatory authority has approved or disapproved the information contained in
this news release.


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