Chibougamau Independent Intersects Zinc, Gold and Silver at Berrigan Property

Feb 1, 2017

ROUYN‐NORANDA, QUÉBEC ‐ Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL) (OTC Markets (USA) : CMAUF) is pleased to inform shareholders that it has received assays from five drill holes undertaken on our Berrigan zinc, gold, silver property located 4 km west‐northwest of the Town of Chibougamau in McKenzie Township, Quebec.
The Berrigan property is the singular zinc property in our large Chibougamau Mining Camp land package that includes five former copper‐gold mines, the down dip potential of three copper‐gold mines and numerous mineralized surface showings and historical drill holes as well as a large vanadium‐iron zone recently optioned to Vanadium One Energy Corp (VONE‐TSXV), a company of which Chibougamau Independent is now a large shareholder.

All five drill holes intersected multiple zinc‐gold‐silver zones at shallow vertical depths of between 51 meters and 250 meters.

We are very encouraged by the wide spread zinc, gold and silver assays. Our team is studying the new results in combination with the historical drilling in order to design the next exploration program.
All samples were delivered to Accurassay Laboratories located at 165 Jacques Bibeau Street, Rouyn‐Noranda, Quebec. A quality assurance/quality control program was applied to all samples, which includes insertion of mineralized reference materials or blank samples for each batch of 20 samples. The samples are dried and crushed to 70 % passing 2mm. A 1025 g sub‐sample is pulverized to 85% passing <200 mesh. The subsamples are then transferred to Accurassay Laboratories located at 1046 Gorham St., Thunder Bay, Ontario for analytical procedures.
The gold analyses were completed by fire assays with an atomic absorption finish on 50 grams of pulp material. Repeats were carried out by fire assay followed by gravimetric testing on each sample containing ten grams per tonne gold or more.
Zinc and silver were measured using aqua regia digestion on a 2.5 g of the 25 g pulverized sub‐sample. The final Zn and Ag determination was done by ICP‐OES (AA) finish.

Accurassay Laboratories employs an internal quality control system that tracks Certified Reference Materials. Standard Quality Control practices include Certified Reference Material, Silica Blank and duplicate pulp analyses.

Globex Mining Enterprises Inc. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) retains 3% Gross Metal Royalty on the Berrigan property as a result of the spin out of the asset as a part of the transaction in the formation of Chibougamau Independent Mines Inc.

http://www.globexmining.com/news.php