Update: Chibougamau Independent Mines Inc. ROUYN‐NORANDA, QUÉBEC ‐ Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL) (OTC Markets (USA) : CMAUF) has been quietly advancing work on our Chibougamau assets. Focus has
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Update: Chibougamau Independent Mines Inc.
ROUYN‐NORANDA, QUÉBEC ‐ Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL)
(OTC Markets (USA) : CMAUF) has been quietly advancing work on our Chibougamau assets. Focus has
been on compiling historical data and prioritizing work so as to develop a better understanding of
complex mineralization controls on several properties. In particular, work was directed toward the
Berrigan zinc, gold, silver property and the Grandroy copper‐gold property.
Globex’s structural geologist aided by another senior geologist have identified at least three different
emplacements and directions of mineralization on the Berrigan property. This explains our and
predecessors difficulties in correlating numerous mineralized intersections into definitive bodies. With
our new understanding of the types, controls and directions of mineralization on the Berrigan property,
we hope to be in a better position to define individual mineralized bodies and plan appropriate drill
follow up. Thirty five (35) channel samples of various mineralized structures were taken. Assays are
pending. In addition, 10 samples for whole rock analysis and thin sections were gathered.
On the Grandroy property several directions of mineral emplacement have been outlined and
documented. Areas for follow‐up exploration have been proposed based upon previous compilation
work and our new understanding of the principal gold localizing directions.
Lastly, mapping and sampling of our newly acquired Nepton copper‐gold property (Nepton and
Chevrette zones) was undertaken. Zones of massive and semi massive sulphides, rich in chalcopyrite
(Cu) in a pronounced shear zone were observed, mapped and sampled. Seventeen (17) grab samples
were taken. Assays are pending.
Press Release
August 21, 2017
38,438,442 shares issued and outstanding
Page 2
In other news, Vanadium Ore Energy Corp. (CVE:VONE, FRA:9VR1) has completed an initial 7 hole, 1002
m drill program on the “South Zone” of our vanadium, iron titanium Mont Sorcier royalty property. The
seven drill holes were spaced 100 m apart along strike and were designed so as to confirm and expand
upon the known zone and provide material for additional modern analysis. Assay results are expected in
coming weeks. Visually, the drilling confirmed the historical iron, vanadium, titanium formation. A
5,000 metre phase 2 drill program is planned. (See Vanadium One press release dated August 15, 2017
for more details.)
While Chibougamau Mines’ work over the last several months has been low key, it has provided us with
critical knowledge to aid our planning going forward.
This press release was written by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent
Mines Inc. in his capacity as a Qualified Person (Q.P.) under NI 43‐101.
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.
We Seek Safe Harbour. CUSIP Number 167101 203
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14
th
Street
Rouyn‐Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.chibougamaumines.com
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.