- Champion Bear Resources (CBA) has provided an update on the Parkin Property joint venture exploration program
- Champion Bear is encouraged by the efforts and investments of the partners involved in evaluating the Parkin Offset Dyke where the company holds a 50% interest
- Lonmin Canada Inc. currently has a joint venture agreement with Wallbridge Mining whereby it can spend up to $11 million on exploration to earn up to half of Wallbridge’s interest in the Parkin properties
- Champion Bear is a mineral exploration company whose primary targets are platinum group metals, precious metals, and polymetallic base metals deposits historically prospective regions of Ontario
- Champion Bear (CBA) is up 18.75 per cent, trading at C$0.095 per share
The company announced that is encouraged by the efforts and investments of the partners involved in evaluating the Parkin Offset Dyke.
Champion Bear holds a 50% interest in the property.
Richard Kantor, the company’s President, commented, “Champion Bear acquired the CBA Parkin offset property in 1997 from John Brady, a prospector of renown in the Sudbury area. It is host to the aptly named Brady Showing, where surface stripping exposed massive sulphide mineralization which from channel sampling returned 11.2% Cu, 0.6% Ni, 9.2g/t Pt, 4.3g/t Pd and 1.6g/t Au over 2.7 meters. Diamond drilling intersected gold values like the Glencore Parkin Property (located immediately to the SW) which included 44.0g/t Au over 1.4 meters at a depth of 543 meters.”
Mr. Kantor further added, “It is very rare for a small exploration company to have a piece of the action in the Sudbury Basin, Canada’s premier mining community which has been largely controlled by the major mining companies for the past 125 years. With the Sibanye Stillwater acquisition of Lonmin in 2018, I look forward to seeing the results of any exploration the company may carry out on the properties in the near future.”
Champion Bear is a mineral exploration company whose primary targets are platinum group metals, precious metals, and polymetallic base metals deposits historically prospective regions of Ontario.
Champion Bear (CBA) is up 18.75 per cent, trading at C$0.095 per share.
