CBR Gold Corp.: Niblack Joint Venture Commences Underground Drilling
October 05 2009 - 9:00AM
Marketwired
CBR Gold Corp. (TSX VENTURE: CBG)(FRANKFURT: C3M) (the "Company")
and its Niblack Joint Venture partner Heatherdale Resources Limited
("Heatherdale"), a private company associated with the Hunter
Dickinson group, today announced that underground drilling has
commenced at the Niblack copper-gold-silver-zinc project located
southwest of Ketchikan on Prince of Wales Island in southeast
Alaska.
The US$5.35 million exploration program will concentrate on
resource expansion at the Lookout Zone. This second phase of
underground diamond drilling comprises 7,620 metres (25,000 feet)
and will be managed by project operator Hunter Dickinson.
This US$5.35 million program represents the initial contribution
by Heatherdale to retain a 51% interest in the project by funding
exploration and development expenditures totaling in aggregate of
at least US$15 million within three years (see CBR press release
dated August 12, 2009).
CBR GOLD CORP. is a global exploration and development company
creating opportunity through project acceleration. We deliver value
through innovative thinking to identify and acquire
underappreciated projects worldwide. Our experience in the capital
markets and technical expertise allow us to develop early and
advanced stage projects to the point of joint venture or
production. Our strategy is to partner with best in class companies
to reduce our risk while maximizing the potential for success.
The diverse CBR Gold Corp. portfolio currently includes two
advanced stage projects, Niblack and Committee Bay in Nunavut,
multiple generative projects, marketable securities holdings and
drilling companies in Australia and Canada.
For information on the Niblack resource see October 27, 2008
Technical Report filed on www.sedar.com.
The Company maintains an extensive quality control program in
the preparation, shipping and checking of all samples from the
property. The program is supervised by Peter Kleespies, M.Sc., P.
Geol. who is the Qualified Person as defined by NI 43-101. A
detailed description of CBR Gold Corp.'s QA/QC program is provided
on the Company's website at www.cbrgoldcorp.com.
CBR Gold Corp. is a member of the Discovery Group of companies,
for more information on the group visit www.discoveryexp.com.
On behalf of the Board
CBR Gold Corp.
John Williamson, P.Geol., President, CEO & Director
Certain disclosures in this release, including management's
assessment of CBR Gold Corp.'s plans and projects, constitute
forward-looking statements that are subject to numerous risks,
uncertainties and other factors relating to CBR Gold Corp.'s
operation as a mineral exploration company that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements. CBR Gold Corp.
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: CBR Gold Corp. Derek Iwanaka Manager, Investor
Relations 604-646-4527 or toll-free 1-888-331-2269 604-646-4526
(FAX) info@cbrgoldcorp.com www.cbrgoldcorp.com
Chibougamau Independent ... (TSXV:CBG)
Historical Stock Chart
From Apr 2024 to May 2024
Chibougamau Independent ... (TSXV:CBG)
Historical Stock Chart
From May 2023 to May 2024