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The latest announcement is out from Chibougamau Independent Mines ( (TSE:CBG) ).
Chibougamau Independent Mines reported that option partner TomaGold has intersected a major new semi-massive sulphide zone at depth on the Berrigan property near Chibougamau, highlighted by drill hole TOM-25-015, which returned 5.75% zinc equivalent over 98.5 metres, including several higher-grade sub-intervals, and by additional high-grade intercepts in TOM-25-014. The discovery of the “Berrigan Deep” zone, which remains open at depth and contains significant secondary silver and gold mineralization, is being described by TomaGold as transformative for the Berrigan Mine project, signaling the potential scale of the mineralized system and underscoring the strategic exploration value of the property for Chibougamau and its shareholders.
More about Chibougamau Independent Mines
Chibougamau Independent Mines Inc. is a Québec-based mineral exploration company focused on advancing its portfolio of base and precious metal assets in the Chibougamau mining camp. The company’s projects are prospective for zinc, gold, silver and copper, and it seeks to create value primarily through exploration, drill programs and option agreements with partners such as TomaGold Corporation.
Average Trading Volume: 40,290
Technical Sentiment Signal: Buy
Current Market Cap: C$16.49M
For detailed information about CBG stock, go to TipRanks’ Stock Analysis page.