Welcome!

News Feed Item

Chibougamau Mines Update

ROUYN-NORANDA, QUEBEC -- (Marketwired) -- 06/17/14 -- Chibougamau Independent Mines Inc.("Chibougamau Mines") (TSX VENTURE: CBG)(STUT: CLL) wishes to update shareholders about the status of work on our Chibougamau area properties.

Chibougamau Mines has completed a three dimensioned digital compilation of the Grandroy copper gold mine property incorporating historical drill data and recorded infrastructure (pit and ramp) in order to better understand the ore body's structure and depth potential. Geophysical surveys were completed over certain areas deemed to be "on strike" of the mineralized body and additional claims were acquired.

On September 9th and 18th as well as October 3rd, 2013, we reported wide widths of copper silver mineralization in a series of drill holes on our Jaculet #3 area claims. The new drill data as well as historical drill data were compiled and built into sections which allowed us to interpret the potential up dip projection of the zone. A shallow penetration electromagnetic survey using a "beep mat" was completed, which indicated a conductive body in the area of the up dip projection of the copper silver zone intersected in the drilling. A permit has been issued and we intend to trench the area of the geophysical anomaly which has a shallow overburden cover.

On the Berrigan property, which has extensive areas of zinc, gold and silver mineralization indicated in diamond drilling and underground sampling in a ramp, as reported to shareholders in a press release dated February 4th, 2013 and in a NI 43-101 Technical Review posted on our website, we have compiled the historical drilling and our recent drilling in order to better understand the structural controls of the mineralization and have produced a series of new sections and plans. In addition, we have undertaken induced polarization and magnetic surveys on our Lac Elaine property to the west. The Lac Elaine property covers several kilometers of the same rock units as contains the Berrigan zinc, gold and silver mineralization but masked by a late sedimentary rock unit. Our surveys were able to see through the late sedimentary rock cover and indicated several strong geophysical anomalies.

Geophysics and rock sampling were undertaken on areas of our Kokko Creek property. Areas of anomalous copper mineralization will be followed up upon.

Further study of the Mont Sorcier iron, titanium, vanadium deposit (see press release dated December 2, 2013) were undertaken including an analysis of all historical drill data, surface sampling and metallurgical test work. A program has been developed to upgrade the significant historical resource.

A number of deep and shallow penetration induced polarization surveys and magnetometer surveys were undertaken over areas of know copper and copper gold mineralization in Lake Chibougamau. The results showed that the areas of mineralization intersected in historical drilling were detected and indicated the potential strike and dip extensions of the mineralization. A series of drill targets have been prioritized for follow up drilling.

Two stock options totalling 425,000 shares, with 400,000 to a director and senior project manager and 25,000 to a support person which had lapsed, have been reissued at the current market price of $0.06 per share. The options expire in five years. Senior officers continue to take no salary in light of the current market conditions.

Neither the 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 the release.

Jack Stoch, P.Geo. President and CEO of Chibougamau Independent Mines Inc. wrote this press release. Ray Zalnieriunas, P. Geo., in the capacity as Qualified Person has reviewed and approved the content of this press release.

We Seek Safe Harbour.                               CUSIP Number 167101 10 4

Forward Looking Statements

Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available under "disclaimer" on the Company's website.

32,477,248 shares issued and outstanding

Contacts:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
819.797.5242
819.797.1470 (FAX)
[email protected]
www.chibougamaumines.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.