CBA Champion Bear Resources Ltd

Champion Bear Resources Ltd. ("Champion Bear" or the "Company")(TSX VENTURE:CBA)
is pleased to announce that a National Instrument 43-101 Technical Report
("43-101 Report") has been completed on the Company's wholly-owned Eagle Rock
copper-nickel-platinum-palladium-gold property ("Eagle Rock") located in
northwestern Ontario. The 43-101 Report was completed by Tetra Tech Wardrop of
Sudbury Ontario and recommends a two-phase C$2.0 million program designed to
delineate the Campbell Zone mineralization as well as explore the new
mineralized zones identified during the 2011 prospecting campaign. 


Richard Kantor, President of Champion Bear states "We are very excited about the
progress we've made this year on the Eagle Rock property. First, the discovery
of two new mineralized zones and now the completion of the Eagle Rock 43-101
Technical Report that will not only serve as a basis for a future Campbell Zone
resource estimation but also provides important recommendations for continued
exploration."


The entire report can be viewed on the Company's website and at www.sedar.com. 

The Company also reports today that the previously announced option agreement
with Canadian Platinum Corp. ("CPC") (see news release dated July 18, 2011) for
the Eagle Rock Property has been terminated. Previously, CPC had completed an
initial option payment of $250,000, the purchase of $250,000 worth of Champion
Bear shares, and funded 50% of the successful summer field exploration program
that defined two new mineralized zones - the West zone and the East Lake zone
(see news release dated September 13, 2011). Champion Bear is 100% owner of
Eagle Rock and remains committed to expanding the Campbell Zone mineralization
as well as exploring the nature and extent of the two new zones.


At the Parkin Property located in Sudbury Ontario, Wallbridge Mining
("Wallbridge") has now completed exploration expenditures in excess of
$2,000,000 to earn a 50% interest in the Parkin Property. The Parkin Property
overlies several kilometres of the Parkin Offset Dyke which hosts several
sulphide showings. Work completed in 2011 includes diamond drilling - 3 holes
totalling 1,660 metres - as well as surface trenching and mapping. 


Commenting, Richard Kantor said "The commitment Wallbridge Mining has shown to
our Parkin Property is a strong indication of its potential and we look forward
to continuing to advance the property under the new Joint Venture. And, of
course, at Eagle Rock, we are disappointed that Canadian Platinum had to
withdraw from the Eagle Rock agreement but Champion Bear remains committed more
so now than ever to expanding the Campbell Zone and advancing the new zones with
ongoing exploration work."


Contents of this news release has been 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.

Champion Bear Resources (TSXV:CBA)
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부터 4월(4) 2024 으로 5월(5) 2024

Champion Bear Resources (TSXV:CBA)
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부터 5월(5) 2023 으로 5월(5) 2024