Bearing Resources Commences Drilling at the October Dome Gold Project, British Columbia
27 Agosto 2012 - 8:00AM
Marketwired Canada
Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is
pleased to announce the commencement of drilling at the Company's October Dome
gold project in British Columbia, Canada.
The 100% owned October Dome property is located 6 kilometres west of the town of
Likely in the Cariboo Mining Division of British Columbia. The October Dome gold
project forms part of Bearing's larger landholdings in the area which are
adjacent with both Imperial Metals Corporation's Mount Polley porphyry
copper-gold mine property (10 kilometres to the south) and Barkerville Gold
Mines Ltd.'s QR skarn gold mine property (7 kilometres to the northwest).
The 1,000 metre (5 hole) diamond drill program will target the southern end of a
4 kilometre long gold and copper soil anomaly coincident with an induced
polarization ("IP") chargeability anomaly. The target area is extensively
covered by overburden with limited bedrock exposure comprised of diorite and
syenite intrusions and sediments. The drill program is expected to be completed
in September.
Robert Cameron, P.Geo., who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release. The
October Dome Property is the subject of a 43-101 Technical Report filed on
SEDAR, June 7, 2011.
About Bearing Resources
Bearing is a Canadian based precious and base metal exploration company with
projects located in British Columbia, the Yukon and Mexico. Bearing is exploring
at the approx. 40,000 hectares Mapimi gold-silver project located in the
Altiplano Region of eastern Durango, Mexico. Bearing has an option to earn up to
a 65% interest in the 12,113 hectare Zymo copper-gold project ("Zymo"), located
45 kilometres west from the town of Smithers, British Columbia. The Company's
Mount Polley and October Dome copper-gold projects are located in British
Columbia near Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold
mine and includes a production royalty on the Boundary property, with Imperial.
In the Yukon, Ryan Gold Corp. has been granted a right to earn up to 75%
interest in Bearing's Flume property located within the White Gold District.
BEARING RESOURCES LTD.
Geoff Chater, President & CEO
This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to, those with respect to estimated exploration
programs, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of Bearing to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. Such
factors include, among others, the actual prices of commodities, the factual
results of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those factors
disclosed in documents filed from time to time with the securities regulators in
the applicable Provinces of British Columbia and Alberta.
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