Champion Bear Resources Ltd.
TSX VENTURE : CBA

Champion Bear Resources Ltd.

April 03, 2006 08:30 ET

Champion Bear Resources Encounters More High Grade Gold at Dryden

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) - Champion Bear Resources Ltd. (TSX Venture: CBA) ("Champion Bear" or the "Company") announced today that it has received assay results from the first hole of a seven hole (5,000 metre) drill program at its Plomp Farm gold property in Dryden, Ontario.

Hole PF-06-119 which was completed on March 2, 2006 encountered 31.7 g Au/t, 33.3 g Ag/t and 1.36% Cu over a core length of 0.4 metres from 579.0 to 579.4 metres. Table 1 below shows the individual assays for the main elements tested from the mineralized section.

The mineralized section carrying anomalous Au, Ag, Cu, Zn and Ba continues for a core length of 63.4 metres, from 565.6 to 629.0 metres. True width of this zone is approximately 20 metres.

The alteration and mineralization encountered in this hole is consistent with that in previous holes further to the east, however silicification and observed chalcopyrite appear to be more prolific.

Hole PF-06-119, drilled north at -75 degrees, targeted the down plunge extension
of the 3.6 g Au/t and 7.5 g Ag/t over 1.5 metres in the hole PF-39, the 3.0 g Au/t and 50.96 g Ag/t over 1.5 metres in hole PF-38 and the 7.4 g Au/t and 8.7g Ag/t over 1.0 metres in hole PF-83.

Champion Bear is currently completing the second of two holes collared 300 and 400 metres west of PF-06-119 to test the western extension of the mineralized zone at vertical depths of 400 to 500 metres.

While the mineralized rock sequence encountered in hole PF-06-120 (drilled to a depth of 548.0 metres) displays the typical visual characteristics associated with the anomalous gold mineralization, the locally disseminated chalcopyrite and sphalerite is less prevalent. In contrast, the mineralized sequence in Hole PF-06-121 (currently in progress) contains significantly more local sphalerite stringers each ranging from 0.5 to 5.0 centimetres in core length.

Champion Bear expects that it will receive the assay results from these two holes during the latter part of April. The fourth hole, which will test the mineralized horizon approximately 200 metres vertically below the first hole, PF-06-119, is also expected to be completed in the latter part of April. Targeting of the remaining three holes planned to test the down plunge extension of the mineralized zones to a vertical depth between 500 and 800 metres will be contingent on the results of the earlier holes.

The drilling program is being carried out under the supervision of Watts, Griffis and McOuat Limited, under the overall direction of Joe Hinzer, P. Geo. the qualified person responsible for the preparation of the technical aspects of this news release.



Table 1 Assay Results Hole PF-06-119

------------------------------------------------------------------------
------------------------------------------------------------------------
Element: From To m Au Au Au Ag Cu Cd
Units: ppb g/tonne ppb ppm ppm ppm
Detection
Limit: 5 0.03 2 0.3 1 0.3
Reference FA-AA FA-GRA INAA MULT TD-ICP TD-ICP
Method: INAA/
TD-ICP
Client I.D.
------------------------------------------------------------------------
------------------------------------------------------------------------
A007079 569.0 570.0 1.0 77 - 76 0.6 198 less
than
0.3
A007080 570.0 571.0 1.0 25 - 28 less 83 less
than than
0.3 0.3
A007081 571.0 572.0 1.0 111 - 108 1.1 1470 less
than
0.3
A007082 572.0 573.0 1.0 242 - 292 1.7 558 less
than
0.3
A007083 573.0 574.0 1.0 92 - 108 0.9 417 less
than
0.3
A007084 574.0 575.0 1.0 363 - 368 1.5 826 0.4
A007085 575.0 576.0 1.0 30 - 41 0.5 118 less
than
0.3
A007086 576.0 577.0 1.0 38 - 45 0.6 206 less
than
0.3
A007087 577.0 578.0 1.0 126 - 150 1.8 484 1.3
A007088 578.0 579.0 1.0 38 - 62 0.8 268 less
than
0.3
A007089 579.0 579.4 0.4 greater 31.7 22600 33.3 greater 5
than than
3000 10000
A007090 579.4 579.8 0.4 161 - 155 1.4 720 less
than
0.3
A007091 579.8 580.3 0.5 133 - 123 0.8 542 less
than
0.3
A007092 580.3 581.0 0.7 229 - 215 0.8 813 less
than
0.3
A007093 581.0 582.0 1.0 131 - 127 0.7 372 less
than
0.3
A007094 582.0 583.0 1.0 129 - 131 0.7 573 less
than
0.3
A007095 583.0 584.0 1.0 658 - 610 2.6 1010 less
than
0.3
A007096 584.0 585.0 1.0 306 - 299 2.4 843 1.5
A007097 585.0 586.0 1.0 868 - 912 2.7 1080 0.8
A007098 586.0 587.0 1.0 88 - 91 2.3 1290 13.9
A007099 587.0 588.0 1.0 35 - 32 0.7 168 less
than
0.3
A007100 588.0 589.0 1.0 29 - 38 0.4 214 less
than
0.3
A007101 589.0 590.0 1.0 70 - 61 0.9 270 less
than
0.3
A007102 590.0 591.0 1.0 36 - 36 0.6 242 less
than
0.3
A007103 591.0 592.0 1.0 48 - 45 0.8 200 less
than
0.3
A007104 592.0 592.7 0.7 52 - 52 0.6 149 less
than
0.3
A007105 592.7 593.3 0.6 14 - 11 less 26 less
than than
0.3 0.3
A007106 593.3 594.0 0.7 29 - 28 0.4 47 less
than
0.3
A007107 594.0 595.0 1.0 135 - 122 1.6 292 0.5
A007108 595.0 596.0 1.0 940 - 703 5.3 1550 2.6
A007109 596.0 597.0 1.0 483 - 492 3.2 875 0.4
A007110 597.0 598.0 1.0 136 - 139 1.7 554 less
than
0.3
A007111 598.0 599.0 1.0 20 - 20 1.1 171 less
than
0.3
A007112 599.0 600.0 1.0 27 - 31 1.1 122 less
than
0.3
A007113 600.0 601.0 1.0 863 - 854 19 2500 5.3
A007114 601.0 602.0 1.0 737 - 786 12.5 1470 1.3
A007115 602.0 603.0 1.0 467 - 561 5.7 485 1.4
A007116 603.0 604.0 1.0 596 - 599 5.9 1030 2.8
A007117 604.0 605.0 1.0 166 - 162 4 541 0.8
A007118 605.0 606.0 1.0 133 - 167 1.9 316 1.1
A007119 606.0 607.0 1.0 50 - 62 2 382 1.9
A007120 607.0 608.0 1.0 48 - 50 1.6 290 0.8
A007121 608.0 609.0 1.0 22 - 25 1.5 172 4.6
A007122 609.0 610.0 1.0 32 - 34 1.4 187 0.9
A007123 610.0 611.0 1.0 35 - 41 0.9 200 less
than
0.3
A007124 611.0 612.0 1.0 57 - 69 1.2 330 less
than
0.3
A007125 612.0 613.0 1.0 12 - 9 0.6 58 less
than
0.3
A007126 613.0 614.0 1.0 44 - 53 0.9 95 less
than
0.3
A007127 614.0 615.0 1.0 40 - 49 0.8 30 less
than
0.3
A007128 615.0 616.0 1.0 55 - 51 0.9 48 less
than
0.3
A007129 616.0 617.0 1.0 230 - 255 4.7 1200 5
A007130 617.0 618.0 1.0 51 - 62 1.8 169 6
A007131 618.0 618.5 0.5 - - 51 1.7 140 less
than
0.3
A007132 618.5 619.5 1.0 - - 169 4.1 291 2.4
A007133 619.5 620.5 1.0 - - 147 3.5 205 1.4
A007134 620.5 621.5 1.0 - - 137 2.7 129 0.3
A007135 621.5 622.5 1.0 - - 100 1 149 0.3
A007136 622.5 623.5 1.0 - - 1270 15.1 1960 2.9
A007137 623.5 624.0 0.5 - - 54 1.3 98 0.4
A007138 624.0 625.0 1.0 - - 70 2.6 161 less
than
0.3
A007139 625.0 626.0 1.0 - - 149 4.6 186 3.9
A007140 626.0 627.0 1.0 - - 105 4 309 less
than
0.3
A007141 627.0 628.0 1.0 - - 136 2.7 195 less
than
0.3
A007142 628.0 629.0 1.0 - - 138 3.2 241 less
than
0.3
------------------------------------------------------------------------
------------------------------------------------------------------------



Table 1 Assay Results Hole PF-06-119
------------------------------------------------------------------------
------------------------------------------------------------------------
Element: From To m Mo Pb Ni Zn Ba
Units: ppm ppm ppm ppm ppm
Detection
Limit: 1 3 1 1 50
MULT MULT MULT
Reference INAA/ INAA/ INAA/
Method: TD-ICP TD-ICP TD-ICP TD-ICP INAA
Client I.D.
------------------------------------------------------------------------
------------------------------------------------------------------------
A007079 569.0 570.0 1.0 15 11 22 42 600
A007080 570.0 571.0 1.0 7 24 20 59 810
A007081 571.0 572.0 1.0 6 7 38 40 1100
A007082 572.0 573.0 1.0 2 8 18 148 1760
A007083 573.0 574.0 1.0 2 8 18 134 1250
A007084 574.0 575.0 1.0 6 11 21 138 1090
A007085 575.0 576.0 1.0 6 11 20 51 1070
A007086 576.0 577.0 1.0 4 15 23 87 1260
A007087 577.0 578.0 1.0 9 12 20 442 1820
A007088 578.0 579.0 1.0 9 18 24 87 1430
A007089 579.0 579.4 0.4 7 10 33 672 680
A007090 579.4 579.8 0.4 8 11 25 78 1210
A007091 579.8 580.3 0.5 7 9 21 56 1380
A007092 580.3 581.0 0.7 10 9 21 101 970
A007093 581.0 582.0 1.0 8 8 25 48 1210
A007094 582.0 583.0 1.0 13 5 26 32 1080
A007095 583.0 584.0 1.0 5 7 23 64 780
A007096 584.0 585.0 1.0 8 17 25 398 1270
A007097 585.0 586.0 1.0 12 31 21 312 1540
A007098 586.0 587.0 1.0 15 22 32 2740 2090
A007099 587.0 588.0 1.0 2 15 22 99 1380
A007100 588.0 589.0 1.0 3 less than 3 24 19 1060
A007101 589.0 590.0 1.0 6 6 24 16 1380
A007102 590.0 591.0 1.0 8 6 26 49 1320
A007103 591.0 592.0 1.0 4 11 22 69 1210
A007104 592.0 592.7 0.7 5 9 23 98 1600
A007105 592.7 593.3 0.6 2 3 7 53 270
A007106 593.3 594.0 0.7 2 8 24 152 1650
A007107 594.0 595.0 1.0 4 10 29 246 1300
A007108 595.0 596.0 1.0 8 less than 3 25 499 1400
A007109 596.0 597.0 1.0 13 6 26 110 2900
A007110 597.0 598.0 1.0 2 14 24 147 1900
A007111 598.0 599.0 1.0 4 25 22 143 1120
A007112 599.0 600.0 1.0 3 26 23 148 1100
A007113 600.0 601.0 1.0 3 29 21 1200 1500
A007114 601.0 602.0 1.0 5 102 25 363 6200
A007115 602.0 603.0 1.0 3 79 24 403 3400
A007116 603.0 604.0 1.0 6 62 22 741 1450
A007117 604.0 605.0 1.0 2 39 26 389 970
A007118 605.0 606.0 1.0 4 15 26 363 1150
A007119 606.0 607.0 1.0 2 14 28 661 1250
A007120 607.0 608.0 1.0 less than 1 13 23 328 2050
A007121 608.0 609.0 1.0 less than 1 10 22 1100 1850
A007122 609.0 610.0 1.0 2 7 17 267 1800
A007123 610.0 611.0 1.0 less than 1 5 14 52 790
A007124 611.0 612.0 1.0 less than 1 6 18 35 700
A007125 612.0 613.0 1.0 1 7 17 48 610
A007126 613.0 614.0 1.0 2 6 17 127 510
A007127 614.0 615.0 1.0 1 8 16 94 650
A007128 615.0 616.0 1.0 less than 1 10 17 58 400
A007129 616.0 617.0 1.0 2 11 21 1680 720
A007130 617.0 618.0 1.0 7 14 17 1890 1140
A007131 618.0 618.5 0.5 2 37 23 118 1050
A007132 618.5 619.5 1.0 18 82 23 820 760
A007133 619.5 620.5 1.0 39 35 26 367 4950
A007134 620.5 621.5 1.0 18 49 18 126 1100
A007135 621.5 622.5 1.0 18 46 14 73 2800
A007136 622.5 623.5 1.0 9 43 29 616 6350
A007137 623.5 624.0 0.5 2 39 35 251 6350
A007138 624.0 625.0 1.0 1 35 57 120 4850
A007139 625.0 626.0 1.0 3 43 69 902 1200
A007140 626.0 627.0 1.0 2 24 68 91 1700
A007141 627.0 628.0 1.0 3 32 75 128 1200
A007142 628.0 629.0 1.0 3 21 67 170 1350
------------------------------------------------------------------------
------------------------------------------------------------------------


Core samples were saw cut and sealed in plastic sample bags and shipped directly to Activation Laboratories Ltd. in Ancaster, Ontario, an ISO accredited laboratory. Most of the samples were analysed using INNA and ICP-MS techniques on aqua regia digested samples. Samples in excess of 1,000 ppb Au were retested using fire assay techniques with a gravimetric finish.

Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary targets are 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.

Forward-looking statements - statements included in this news release that are not historical facts may be considered "forward-looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Champion Bear Resources Ltd.
    Richard D. Kantor
    President
    (403) 229-9522
    (403) 229-9518 (FAX)
    Website: www.championbear.com