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Champion Bear Resources Secures Drilling Contract For Plomp Farm Pit Study

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Champion Bear Resources (CBA.V) on Tuesday said it secured a drilling contract to support a focused pit study at its Plomp Farm project.

The company also intends to update its National Instrument 43-101 technical disclosure for the Plomp Farm project, located west of Dryden in northwestern Ontario, subject to completion of the planned pit study and supporting technical work.

Champion Bear expects to complete the upgraded NI 43-101 technical disclosure on or about Aug. 15, following the completion of drilling, receipt and validation of assay results, geological modelling, technical review, and any needed qualified person approvals, it said.

"This next phase of drilling is intended to test key areas beneath the slough and provide the technical data required to support a more modern geological model and future project advancement," said chief executive Richard Kantor.

The company's shares were last seen up C$0.005 to C$0.07 on the TSX Venture Exchange.

Price: $0.07, Change: $+0.01, Percent Change: +7.69%

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