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    CBG   CA1671012039

CHIBOUGAMAU INDEPENDENT MINES INC.

(CBG)
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Chibougamau Independent Mines Inc. Updates Shareholders Regarding Its Proposed Drill Program on the Bateman Bay Property, Including the C-3 Copper/Gold Zone

01/27/2021 | 09:00am EDT

Chibougamau Independent Mines Inc. updated shareholders regarding its proposed drill program on the Bateman Bay property, including the C-3 copper/gold zone. The start of the program, as indicated on December 24, 2020, was predicated upon ice conditions which would support the weight of a diamond drill and sundry equipment. Recent checks have shown that relatively warm temperatures have impeded the formation of a sufficient thickness of load bearing blue ice. This being the case, may, subject to availability of scarce drill crews and equipment, initiate a more limited drill program from the shore, solely on the C-3 copper/gold zone and immediate area. Here, have traced the C-3 zone from surface to a vertical depth of 450 metres. Drilling of other targets will be delayed until the summer when, subject to availability, drilling will be from a drill mounted barge.


ę S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -0,25 M -0,20 M -0,20 M
Net cash 2020 1,19 M 0,93 M 0,93 M
P/E ratio 2020 -30,7x
Yield 2020 -
Capitalization 11,5 M 9,04 M 9,00 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 72,5%
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Managers and Directors
Jack Stoch President, Chief Executive Officer & Director
Marie-JosÚe Audet Chief Financial Officer
Rimant V. Zalnieriunas Independent Director
Samuel R. Bosum Independent Director
David J. Leclaire Independent Director
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