Hole intersected at Chibougamau large iron, Titan- und Vanadiumzonen

 

Rouyn-Noranda, Quebec, Canada. Chibougamau Independent Mines Inc. (“Chibougamau Mines”) (CBG-TSXV, CLL-Stuttgart) gives its shareholders the results of analysis of two wells known, with a cross section of the company's own iron-titanium-vanadium project Mont Sorcier North and South 17 km east of the city Chibougamau was created.

Mont Sorcier North

Hole MS-13-17 was in a northerly direction for a distance of 602 Meter and drilled in the case angle of 45 °. The overburden was 2,6 Meter dick. From the beginning of the well up to a hole depth of 328,4 Meter (1.077,4 Foot) magnetithaltiges rock was intersected. The drilling was continued, also to the pyrite- und Pyrrhotinhorizont, is converted to the sulfur to form sulfide and in the copper sporadically- and gold mineralized sections are found, to be penetrated. The Magnetitkörper was by using a sulfur-cutoff value -1 % and -2 % intersected as follows:

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http://www.irw-press.com/dokumente/CBG_031213_DE.pdf

*Calculated

The magnetite content was in the laboratory of Actlabs in Ancaster (Ontario) determined by Satmagananalyse and represents the proportion of magnetite in weight percent. The oxides were investigated using X-ray fluorescence analysis. Details of the analytical methods used are available on our website under the section “Technology”, “Technical information“, “Analysemethoden” (Actlabs) available.

Campbell Chibougamau Mines Limited resulted in the Iron Project Mont Sorcier North by a cross-section of hole and metallurgical testing. The largest mining companies active in this field, in his report to a erschließendes in mining resources volume of 171.571.000 Tonnes with a maximum content of 30,0 % Fe und 1,06 % Ti02 specified, which correlates well with the analytical values ​​from our last hole. The historic final report was on the website e-Sigeom (Examine) published by the government in Quebec under the number GM31867. Further investigations with the Davis Tube Tester, by the government's own laboratory (Quebec Government Mines Laboratory) in 1975 were performed, show an average grade of 66,2 % Faith, 1,32 % Ti02 und 0,57 % V205 in the concentrate and a degree of contamination (P205) of less than 0,001 %.

Mont Sorcier South

Chibougamau Mines has recently acquired a number of concessions, which extends over a large part of the nearby South Iron zone extending. These areas are also of Campbell Chibougamau Mines Ltd.. been drilled and delineated and described in the above report. According to message were historical non NI 43-101 compliant mineral resource of 102.800.000 Tonnes at a head grade of 27,4 % Fe und 1,05 % Determined Ti02. The subsequent analysis using the Davis Tube Tester supplied with ore grades of concentrates 67,8 % Faith, 0,95 % Ti02 und 0,68 % V205.

Globex has recently within the bore MS-13-19, the South Iron zone in the south in the case of an angle of 45 ° over a core length of 102 cut m. Here, the following result was obtained:

To view the entire press release, please follow the link:

http://www.irw-press.com/dokumente/CBG_031213_DE.pdf

*Calculated

The sulfur content was negligible over the entire core length.

The analysis results correlate well with the values, under previous drilling intersected in the Company's concessions.

Laut Prognosis von Campbell Chibougamau Mines Ltd.. could in the North- and South Zones of the area, the under previous drilling has been defined, 95,2 Store millions of tonnes of concentrate. The zones are open at depth.

Chibougamau Mines has carried out sufficient work, or to the identified in previous drilling grades and quantities. can confirm the metallurgical studies by Campbell Chibougamau Mines Ltd. and the above-mentioned laboratory of the Quebec Government, da das Kern- and sample material no longer exists. The resources and metallurgical studies are historically, rather than NI with the provision 43-101 to be compatible and therefore can not be considered reliable.

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of the message.

Jack Stoch, P.Geo., President und CEO von Chibougamau Independent Mines Inc., has this press release written. Claude Larouche, B.Sc. Closely., M.Sc., Geol., ing and Michel Leblanc, P. Geo. have reviewed and approved the contents of this press release as a Qualified Person.

We Seek Safe Harbour certification.

CUSIP Number: 167101 10 4

For more information, please contact:

Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14th Street
Rouyn-Noranda, Quebec, J9X 2J1 Canada Tel.: 819.797.5242
Fax: 819.797.1470
info@chibougamaumines.com
www.chibougamaumines.com

Forward-looking statements

Except for historical information, this press release contain "forward-looking statements". These statements may involve a number of known and unknown risks, uncertainties and other factors, which may lead to, that could cause actual results, Activities and achievements to differ materially from those, that were expected and planned by the company. A more detailed description of the risks is available in the disclaimer on the company's website.

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
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Those: IRW-Press.com.

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