Champion Bear Resources Ltd.: Champion Bear Provides an Update on the Parkin Property Joint Venture Exploration Program
Champion Bear Resources Ltd. (TSXV: CBAV) ("
Champion Bear" or the "
Company") announced today that is encouraged by the efforts and investments of the partners involved in evaluating the Parkin Offset Dyke where Champion Bear holds a 50% interest.
Lonmin Canada Inc. currently has a joint venture agreement with Wallbridge Mining whereby it can spend up to $11 million on exploration to earn up to half of Wallbridge's interest in the Parkin properties. This is in addition to the $7.2 million that was spent by Implats on previous exploration programs.