NORTHERN QUEBEC – Montreal-based CAMPBELL RESOURCES has revised the numbers at its Corner Bay project 55 km south of Chibougamau. Using a 3% Cu cut-off, the deposit contains measured resources of 671,400 tonnes averaging 5.53% Cu, or with a 2% cut-off, 862,100 tonnes at 4.55% Cu.
The latest estimates include assays from the most recent drill program, completed in December 2005. The best hole in the Main zone assayed 9.27% Cu over 16.15 metres. Another high-grade hole returned 4.97% Cu over 7.07 metres, including 9.27% Cu over 2.87 metres. Further exploration work is planned in the form of down-the-hole EM surveys and more drilling.
Campbell plans to develop a decline and two levels and to mine a 40,000-tonne bulk sample, when the company’s financial situation permits. For commercial production, the orebody will be further developed to a depth of 300 metres, and ore will be processed at the Copper Rand mill, 45 km away.
A simplified geology of the Corner Bay property is available in the Feb. 21, 2006, press release at www.CampbellResources.com.