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An update from Chibougamau Independent Mines ( (TSE:CBG) ) is now available.
Chibougamau Independent Mines reported that option partner TomaGold Corporation has intersected significant zinc-equivalent, silver and gold mineralization over wide widths in initial drill holes on the Berrigan claims in the Chibougamau mining camp. Highlight intercepts include up to 6.68% zinc equivalent over 48.05 metres and 5.44% zinc equivalent over 15.20 metres, with true widths estimated at 80–85% of core lengths, suggesting a robust mineralized envelope. Five additional drill holes testing lateral and depth extensions are pending assay, and a borehole EM survey is underway to identify new targets, indicating that the Berrigan property could become a more prominent asset in Chibougamau’s portfolio if results continue to be positive.
More about Chibougamau Independent Mines
Chibougamau Independent Mines Inc. is a Canadian mineral exploration company focused on base and precious metals in the Chibougamau mining camp of Québec. The company advances its portfolio of claims through direct exploration and option agreements with partners, targeting zinc, silver, gold and other metals in a historic yet actively explored mining district.
Average Trading Volume: 31,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.66M
See more data about CBG stock on TipRanks’ Stock Analysis page.