SURFACE DRILLING RESULTS ON MESTON PROPERTY AND
UNDERGROUND DRILLING RESULTS AT THE JOE MANN MINE
MONTREAL, May 6, 2004 - Campbell Resources Inc. (TSX : CCH ; OTCBB : CBLRF) is pleased to announce the first results of a surface drilling program undertaken in partnership with SOQUEM Inc. (35%) on the Meston property as well as results of diamond drillings completed at the Joe Mann Mine as part of the West Zone exploration program.
Meston Property
The Meston property is contiguous to the Joe Mann property and is the joint property of Campbell Resources (65% and operator) and SOQUEM (35%).
In March 2004, a diamond drilling program (10,000 ft) was initiated in order to verify the western extensions of the Norhart, 2800 and 3100 Zones.
In 1995, the Norhart Zone, located some 3300 feet north of the Joe Mann Mine, had been the focus of a drilling campaign undertaken by SOQUEM. In 1996 and 1997, new drilling by SOQUEM identified two new gold bearing structures, Zones 2800 and 3100, parallel to the Norhart Zone and located 160 and 500 feet, respectively, north of the Norhart Zone.
The 2004 drilling program (H-04-575 to H-04-583) focused mainly on the western extensions of the 2800 and 3100 Zones. The drilling intercepted many mineralized structures grading up to 96.5 g Au/t and at widths of up to 6.34m. The drilling also indicated that the gold bearing structures extended over 1600 feet to the west and the assay results indicate that the Zones have a potential for the development of gold bearing economic lenses.
The Norhart, 2800 and 3100 Zones, in general, similar characteristics to the gold bearing veins already in production at the Joe Mann Mine (mineralization, orientation, inclination, width of mineralization, grade distribution and geometry). We can thus expect hectometric to kilometric extensions and narrow widths for the Norhart, 2800 and 3100 Zones. In the context of the Joe Mann Mine, this type of mineralization has proven potentially economic.
Two drillings on the Rohault gold bearing structure are underway (H-04-584 et H-04-585). These are located half-way between the Joe Mann Mine and the zones in the Norhart area.
Drilling results on the Meston property :
|
Hole # |
Coord. |
Az |
Incl. |
From |
To |
Long. m. |
Au g/t |
Au(*) g/t |
Ag g/t |
Remarks |
|
H-04-575 |
4+60E |
191o |
-50o |
221.60 |
222.60 |
0.97 |
1.46 |
|
|
Zone 3100 |
|
H-04-576 |
4+60E |
223o |
-50o |
|
|
|
|
|
|
|
|
H-04-577 |
|
191o |
-55o |
B T |
|
|||||
|
H-04-578 |
|
190o |
-50o |
222.01 |
222.31 |
0.30 |
16.05 |
64.2 |
Zone 3100 |
|
|
H-04-579 |
2+00E |
190o |
-50o |
|
|
|
|
|
|
Zone 3100 Zone 2800 Visible gold Visible gold |
|
H-04-580 |
1+00E |
190o |
-50o |
107.97 |
110.40 |
2.43 |
7.91 |
10.71 |
1.6 |
|
|
H-04-581 |
0+00 0+10N |
190o | -5o0 | 77.73 129.21 135.27 |
78.08 129.45 135.56 |
0.35 0.24 0.29 |
7.11 4.70 9.38 |
1.5 1.1 14.5 |
Zone ??? Zone ??? Zone ??? |
Qualified person
The drilling program was carried out by the personnel of Campbell Resources, under the supervision of Mr. Jean Girard, geol. ing. Mr. Girard is a qualified person as defined by National Instrument 43-101. He has 29 years of experience in exploration.
Assay Procedures
Samples from half of the split core were sent to ALS Chemex/Chimitec in Val d'Or, Québec assay lab for gold assaying. The samples were ground to better than 70% -200 mesh. A representative, 250 to 300 gram split of the -10 mesh fraction was pulverized to better than 85% - 200 mesh and homogenized. A 30-gram split of the pulp was assayed by fire assay fusion with atomic absorption spectroscopy finish. Check-assays were conducted on the rejects using fire assay with atomic absorption finish for samples assaying greater than 1 g/t Au (0.058 opt Au), and with gravimetric finish for those assaying greater than 5 g/t Au.
Portions of the original pulp of samples within the mineralized zone will be sent to a second, independent laboratory for additional check-assaying. Standards were included with the sample batches sent to the laboratory as an integral part of the quality control program. The other half of the split core is held at the Joe Mann Mine core shack for future reference.
Joe Mann, West Zone
The main objective of this drilling program, started at level 2925, is to verify the potential of the West Zone between levels 2750 and 3450.
Since mid-December, 17 drilling have been completed in the West Zone between levels 2750 and 3450. All intercepted the gold bearing structure. Eleven (11) holes have returned grades from 0.138 to 0.391 opt Au at widths varying from 6.0 to 8.5 feet. They have also defined the eastern limit of the gold bearing structure.
Development work undertaken at level 2925 has led to the establishment, in the last week of April, of the first production area in the West Zone which should, by the end of 2004, yield over 25,000 tonnes of ore grading an average of 0.395 opt Au.
Development of levels between 2925 and 3450 should begin in 2004.
The following summarizes the drilling program results :
|
Hole |
Section |
Az (degree) |
Incl. |
*Elev. |
Zone |
From |
To |
Core lenght |
True |
Grade |
|
EW-52 |
1306 W |
45 |
+10 |
7166 |
West |
456.2 |
463.0 |
6.8 |
6.0 |
0.146 |
|
EW-53 |
1386 W |
45 |
+24 |
7248 |
West |
420.5 |
426.7 |
6.2 |
6.0 |
0.391 |
|
EW-54 |
1686 W |
348 |
+25 |
7276 |
West |
408.7 |
415.4 |
6.7 |
6.0 |
0.154 |
|
EW-55 |
1702 W |
347 |
+27 |
7289 |
West |
418.3 |
425.3 |
7.0 |
6.0 |
0.229 |
|
EW-57 |
1353 W |
23 |
-37 |
6607 |
West |
837.8 |
848.8 |
11.0 |
6.0 |
0.203 |
|
EW-59 |
1408 W |
23 |
-33 |
6790 |
West |
644.6 |
653.8 |
9.2 |
6.0 |
0.176 |
|
EW-76 |
1329 W |
34 |
-21 |
6901 |
West |
553.5 |
561.7 |
8.2 |
6.0 |
0.228 |
|
EW-77 |
1314 W |
34 |
-28 |
6802 |
West |
642.5 |
652.0 |
9.5 |
6.0 |
0.218 |
|
EW-78 |
1271 W |
36 |
-38 |
6605 |
West |
824.2 |
840.7 |
16.5 |
8.5 |
0.301 |
|
EW-79 |
1390 W |
21 |
-38 |
6609 |
West |
839.3 |
850.1 |
10.8 |
6.0 |
0.182 |
|
EW-86 |
1444 W |
12 |
-45 |
6356 |
West |
1131.6 |
1144.2 |
12.6 |
6.0 |
0.138 |
To date, calculations from results of current and previous drilling campaigns in the West Zone, have established the mineral reserves and resources at:
|
Category |
Tonne (técé) |
Au (opt) |
Au (ounces) |
| Reserves | |||
| Proven |
41,115 |
0.342 |
14,061 |
| Probable |
94,510 |
0.251 |
23,722 |
| Resources | |||
| Measured |
34,660 |
0.255 |
8,838 |
| Indicated |
26,830 |
0.275 |
7,378 |
| Inferred |
325,721 |
0.172 |
56,024 |
We are pursuing the drilling program in order to verify the West Zone extension between levels 2000 and 2750 and to the West.
Qualified Person
The drilling program was carried out under the supervision of Mr. Jean Tanguay, Chief Geologist at the Joe Mann Mine. Mr. Tanguay is a qualified person as defined by National Instrument 43-101. He has 8 years of experience in mining production and exploration.
Assay Procedures
Samples from half of the split core were sent to our own assay lab in Chibougamau, Québec for gold and copper assaying. The samples were ground to better than 70% -200 mesh. A representative, 250 to 300 gram split of the -10 mesh fraction was pulverized to better than 85% - 200 mesh and homogenized. A 30-gram split of the pulp was assayed by fire assay fusion with atomic absorption spectroscopy finish. Check-assays were conducted on the rejects using fire assay with atomic absorption finish for samples assaying greater than 2 g/t Au (0.058 opt Au), and with gravimetric finish for those assaying greater than 10 g/t Au.
A 30-gram portion of the original pulp of samples within the mineralized zone was sent to a second, independent laboratory (Chimitec, Val d'Or) for additional check-assaying. Standards were included with the sample batches sent to the laboratory as an integral part of the quality control program. To date, all results concur.
Campbell Resources is a mining company focusing mainly in the Chibougamau region of Quebec, holding interests in gold and gold-copper exploration and mining properties.
SOQUEM is a wholly-owned subsidiary of SGF Minéral inc., a subsidiary of Société générale de financement du Québec ("SGF"). The mission of the Société générale de financement du Québec (SGF), as an industrial and financial holding company, is to carry out economic development projects, especially in the industrial sector, in cooperation with partners and in accordance with accepted requirements for profitability that comply with the economic development policy of the Government of Québec.
Forward-Looking Statements
Certain information contained in this release contains "Forward-Looking Statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties, including
those "Risk Factors" set forth in the Campbell's current Annual Report on Form 20-F for the year ended
December 31, 2002. Such factors include, but are not limited to: differences between estimated and actual mineral
reserves and resources; changes to exploration, development and mining plans due to prudent reaction of management
to ongoing exploration results, engineering and financial concerns; and fluctuations in the gold price which affect
the profitability and mineral reserves and resources of Campbell. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date hereof. Campbell undertakes no obligation
to release publicly any revisions to these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect unanticipated events or developments.
-30-
For additional information :
Campbell Ressources Inc.
André Fortier
President and Chief Executive Officer
Tel. : 514-875-9037
Fax : 514-875-9764
e-mail : afortier@campbellresources.com
Alain Blais
Vice President, Géology and development
Tel. : 418-748-7691
Fax : 418-748-7696
e-mail : ablais@campbellresources.com
Renmark Financial Communications Inc.
Henri Perron, hperron@renmarkfinancial.com
John Boidman, jboidman@renmarkfinancial.com
Tel.: 514-939-3989
Fax: 514-939-3717
www.renmarkfinancial.com