CALGARY, Aug. 14 /CNW/ - (TSX Venture: CBA) - Champion Bear Resources
Ltd. ("Champion Bear") has commenced drilling the first of three holes in a
planned 1,200 metre drilling program and geotechnical surveys on the southern
portion of its Iron Mask property.
The drilling targets two previously identified Sudbury breccia outcrop
areas with anomalous Cu mineralization where grab samples assayed 1,140 and
2,000 ppm Cu, respectively, as well as a nearby lamprohyric dyke outcrop area.
All three outcrop areas have associated geophysical (IP) anomalies.
Geological mapping and magnetic surveys are also being completed over a
16 kilometre extension of the grid area to the southwest.
Drill supervision and field surveys for the Iron Mask south property are
being carried out by Watts, Griffis and McOuat Limited personnel. The QP for
the technical aspects of this news release is Joe Hinzer P. Geo., President of
Watts, Griffis and McOuat Limited.
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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Richard D. Kantor, Chairman and President of
Champion Bear Resources Ltd. at Phone: (403) 229-9522 or Fax: (403) 229-9518;
Champion Bear's website is www.championbear.com