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Bear Creek Mining Corporation

Publié le 13 mars 2013

Announces Positive Drill Results on Its Sumi Gold Project, Peru

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Re:       News - Wednesday, March 13, 2013
Title:     Bear Creek Announces Positive Drill Results on Its Sumi Gold Project, Peru

Vancouver, B.C. - Bear Creek Mining (TSX Venture: BCM/ BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce results for the five (5) diamond drill holes (1105.3 meters) from its Phase I drill program on the Sumi project. Highlights of the results are:
  • Drill hole SU-5 returns 17 meters averaging 3.6 g/t Au and 3.2 g/t Ag from 50.65 to 68 meters depth.
  • Drill hole SU-2 returns 50 meters averaging 0.98 g/t Au and 5.1 g/t Ag from 124 to 174 meters depth.
  • Drill hole SU-1 returns 10 meters averaging 4.4 g/t Au from 69.9 to 80 meters depth.
  • Three cyanide extraction bottle roll tests on drill core ground to 85% passing minus 200 mesh averaged 86.6% gold recovery; two tests on higher sulfide content samples yielded less than 40% recoveries.

Andrew Swarthout, CEO, stated "We are encouraged by these preliminary results from the Phase I program designed to verify and extend near-surface gold mineralization prior to the beginning of the 2012/13 rainy season. Based upon the favorable drilling and bottle-roll extraction tests, Phase II drilling will focus on extending mineralization under the extensive, untested shallow post-mineral cover."

The Sumi project, 100% Bear Creek owned and not subject to material holding costs, is located in the gold-silver Tertiary-age belt in central Peru and exhibits alteration and mineralization typical of the upper part of an epithermal precious metal deposit. Assay results for 111 surface rock chip samples have returned precious metal values including 15.65 g/t gold and 156 g/t silver in a vein breccia structure over widths of 0.3 to 2.0 meters and 12.1 g/t gold and 102 g/t silver over 2 meters widths in silicified volcano-sedimentary rocks (see news release dated August 16, 2012). Fifty (50) of the 111 assay samples contained anomalous gold > 100 ppb. The prospect was partially tested in 2003 and 2006 by third parties with limited drilling reportedly intersecting multi-gram gold values over intervals ranging from 2 to over 47 meters, beginning at the surface. Furthermore, favorable sedimentary formations have been identified indicating potential for underlying gold mineralization at shallow depths.

Phase I drilling tested a 400 meter by 150 meter area and Phase II drilling, expected to commence in the third quarter of 2013, will test an additional 1000 meters by 500 meters favorable area of the prospect to establish continuity of mineralization and to test additional blind vein and breccia targets beneath shallow, post-mineral cover.

Table of Significant Drill Intervals:
Drill Hole
#
Azimuth (degrees) Inclination (degrees) Total Depth From (m) To
(m)
Interval (m)
DTH
Gold
(grams per tonne)
Silver
(grams per tonne)
    (m)  
SU-1 230 -78 250 69.9 80 10.1 4.40 ---
includes       69.9 72.3 2.4 16.50 ---
   

 

  115.5 136.4 20.9 0.29 8.2
SU-2 60 -70 252.6 13.3 18 4.7 2.12 8.0
   

  28 41.4 13.4 0.47 6.7
        124 174 50 0.98 5.1
includes       164 173 9 1.35 10.2
        174 199.5 25.5 0.12 63.0
SU-3 55 -50 200 44 66 22 0.60 9.3
SU-4 105 -65 300 No significant results
SU-5 250 -55 102.7 18 23.4 5.4 5.72 34.1
includes       20 22 2 13.80 71.8
        50.65 68 17.35 3.57 3.2
includes       56 62.10 6.1 7.72 4.7

To view the drill map and assays go to: http://www.bearcreekmining.com/s/sumigold.asp

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
- End -

Andrew Swarthout - CEO, or Lisa May - Investor Relations
Phone: 604-685-6269 Direct: 604-628-1111
E-mail: info@bearcreekmining.com
For further information, please visit the Company's website (www.bearcreekmining.com)

Regulatory footnotes:

All of Bear Creek's exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Marc Leduc, P. Eng., President and COO, Christian Rios, P.Geo. Exploration Manager and the CEO, Andrew Swarthout, P.Geo., who serve as the Qualified Persons under the definitions of NI 43-101. All diamond drilling has been performed using HQ diameter core with recoveries averaging greater than 95%. Core is logged and split on site under the supervision of Bear Creek geologists. Sampling is done on two-meter intervals and samples are transported by Company staff to ALS Chemex, Laboratories in Lima, Peru. ALS Chemex is an ISO 9001:2000-registered laboratory and is preparing for ISO 17025 certification. Silver, lead, and zinc assays utilize a multi-acid digestion with atomic absorption ("ore-grade assay method"). The QC/QA program includes the insertion every 20th sample of known standards prepared by SGS Laboratories, Lima. A section in Bear Creek's website is dedicated to sampling, assay and quality control procedures.

Certain disclosure in this release, including management's assessment of Bear Creek's plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bear Creek's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. These risks, uncertainties and other factors are disclosed in Bear Creek's continuous disclosure filings with Canadian securities regulators including its most recent annual information form, available on www.sedar.com. Bear Creek expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise


Copyright � 2013 BEAR CREEK MINING CORPORATION (BCM) All rights reserved. For more information visit our website at http://www.bearcreekmining.com/ or send email to info@bearcreekmining.com ..

Bear Creek Mining Corporation

EN DÉVELOPPEMENT
CODE : BCM.V
ISIN : CA07380N1042
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Bear Creek Mining est une société de production minière d'or et d'argent basée au Canada.

Bear Creek Mining est en développement de projets d'or, d'argent, de plomb et de zinc au Perou, et détient divers projets d'exploration au Perou.

Ses principaux projets en développement sont SANTA ANA PERU et CORANI au Perou et ses principaux projets en exploration sont LA YEGUA, DON MARCELO PERU, ATASPACA et TASSA au Perou.

Bear Creek Mining est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 33,0 millions CA$ (24,3 millions US$, 22,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 06 octobre 2006 à 9,99 CA$, et son plus bas niveau récent le 24 novembre 2023 à 0,16 CA$.

Bear Creek Mining possède 103 090 000 actions en circulation.

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Rapports annuels de Bear Creek Mining Corporation
Annual Report 2006
Annual Report 2005
2004 Annual Report
Attributions d'options de Bear Creek Mining Corporation
24/03/2011 Grants 893,000 Stock Options at $10,77
Nominations de Bear Creek Mining Corporation
06/08/2013Announces Promotion of Peruvian GM Elsiario Antunez De Mayol...
16/03/2012Announces Appointment of New CFO
Rapports Financiers de Bear Creek Mining Corporation
22/04/2016Board Approves Adoption of Shareholder Rights Plan
Projets de Bear Creek Mining Corporation
15/08/2014Peru hopes to revive Bear Creek mine, avoid legal battle
13/01/2014Announces Start Of Phase I Drilling At Its Carito Gold Proje...
15/04/2013(Corani)Announces Positive Corani Public Hearing and Life of Mine Co...
11/12/2012(Corani)submits Corani ESIA; silver project on track for approval
16/08/2012(Corani)Provides Corani Project and Exploration Update, Peru
13/10/2011(Tassa)Provides Corporate Update; Corani Feasibility Study on Sched...
13/10/2011(Corani)Provides Corporate Update; Corani Feasibility Study on Sched...
13/07/2011(Santa Ana Peru)Announces the Filing of Legal Actions to Protect its Santa A...
01/06/2011(Santa Ana Peru)Reports Peruvian Government Resolution Which Potentially Fur...
28/02/2011(Santa Ana Peru)AWARDS EPCM CONTRACT AND COMPLETES MILESTONE PUBLIC HEARING ...
24/01/2008 Announces First Santa Ana Leachable Silver Deposit Resource...
17/01/2008(Corani)Announces Positive Scoping Study And Updated Resource Estima...
15/01/2008(Corani) Completes Earn-In On Corani Silver Deposit; Final Payment T...
Communiqués de Presse de Bear Creek Mining Corporation
26/07/2016Bear Creek Mining Announces Closing of $30 Million Bought De...
06/07/2016Bear Creek Mining Corporation Annolunces Bought Deal Financi...
05/07/2016Bear Creek Mining Addresses Share Price Movement
20/06/2016Bear Creek Mining Grants Incentive Stock Options
22/04/2016Bear Creek Mining Board Approves Adoption of Shareholder Rig...
18/04/2016Bear Creek Mining Addresses Share Price Movement
27/01/2016Bear Creek Mining Provides An Update On Corporate Activities
20/07/2015Bear Creek Mining Files NI 43-101 Technical Report for Coran...
23/02/2015Bear Creek Grants Incentive Stock Options
23/02/2015Bear Creek grants incentive stock options
19/02/2015Bear Creek Provides Update on Feasibility Study, Corani, Per...
19/02/2015Bear Creek provides update on Feasibility Study, Corani, Per...
15/10/2014Bear Creek Provides Corporate Update
15/10/2014Bear Creek Provides Corporate Update
08/09/2014Bear Creek provides update on Corani, Peru optimization and ...
12/08/2014Bear Creek announces its intent to commence an arbitration a...
23/06/2014Bear Creek provides corporate update
14/05/2014Bear Creek says Peru court renews right to revive silver pro...
14/05/2014IIROC Trading Resumption - BCM
14/05/2014Bear Creek Mining Announces Conference Call Details
14/05/2014Bear Creek Announces Favorable Judicial Decision in the Sant...
12/05/2014IIROC Trading Halt - BCM
07/02/2014Files Notice Of Intent To Arbitrate With Peruvian Government...
25/09/2013(Corani)Announces Approval of Corani ESIA, Peru
28/08/2013(Corani)Announces Official Submission Of Responses To Comments; Cora...
17/06/2013Announces Appointments of Three New Officers
07/05/2013Announces Senior Management Change
02/04/2013Announces Adoption of Advance Notice Policy for Future Share...
18/03/2013Announces The Acquisition Of Two New Precious Metals Explora...
13/03/2013Announces Positive Drill Results on Its Sumi Gold Project, P...
06/02/2013Grants Incentive Stock Options
05/02/2013Announces Favorable Ruling In Santa Ana Civil Case, Peru
12/06/2012Grants Incentive Stock Options
20/04/2012Retains Renmark Financial Communications Inc.
24/01/2012Grants Incentive Stock Options
02/09/2011Grants Incentive Stock Options
30/06/2011Expresses Condolences Over the Loss of Karen Swarthout
26/06/2011Peruvian Unrest at Juliaca Airport Occurring 160KM from Proj...
24/05/2011Reports on Peruvian Government Study on Mining Permit Proces...
08/04/2011Provides Update On Its Exploration Programs Including Two Ne...
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