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Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the "Company") is pleased to announce results for 36 additional diamond drill holes (7,145 meters). Drilling at
Santa Ana now totals 41,302 meters in 224 drill holes; or, 130 additional
drill holes since the first resource estimation in January 2008 (see news
release dated January 24, 2008). Santa Ana is located 200 kilometers south
of the Company's Corani silver-base metal deposit in southeastern Peru.
Highlights of this press release include:
- Drill hole SA-125 intersects 152m @ 65.9 g/t Ag, including
42m @ 79.5 g/t Ag, and 4m @ 816 g/t Ag;
- Drill hole SA-106 intersects 142m @ 40.5 g/t Ag, including
10m @ 104.0 g/t Ag and 4m @ 270.0 g/t Ag, 1.2% Zn;
- Drill hole SA-107 intersects 44m @ 58.3 g/t Ag, including
10m @ 170.5 g/t Ag and 1.9% Zn;
- Drill hole SA-117 intersects 86m @ 52.0 g/t Ag, including
8m @ 126.8 g/t Ag, 1.5% Zn and 2m @ 391.0 g/t Ag, 2.5% Zn;
- Drill hole SA-119 intersects 42m @ 118.3 g/t Ag, including
8m @ 412.2 g/t Ag, 1.4% Zn;
- Drill hole SA-66B intercepts 74 meters of 43.7 g/t Ag including
20m of 95.2 g/t Ag; and
- Drilling on 25 x 50 meter centers demonstrates continuity of
mineralization and additional potential for discovery of blind,
high-grade ore shoots.
Andrew Swarthout, President and CEO of Bear Creek, states, "The Santa
Ana silver deposit remains open laterally and at depth as we continue
expanding the resource in preparation for the scoping study and preliminary
economic assessment expected later this summer. Higher-grade silver
intervals continue to be intersected which are expected to provide
high-margin starter pits within this large, outcropping, leachable silver
deposit. We are increasing drill-hole density so that the scoping study can
benefit from sequencing the higher-grade silver material to the leach pads
or agitation circuits at the beginning of the mine life, as well as
establishing the ultimate size of the resource. Three drills continue to
expand the mineralized footprint and explore the underlying, high-grade
feeder structures in several very promising targets. Additionally,
preliminary drilling will commence in July on the northern anomaly which is
as large as the southern anomaly and still untested. The district is still
in the early stages of discovery."
Mr. Swarthout continues, "We are extremely pleased with the technical
progress on both of our flagship projects, Corani and Santa Ana. These
assets represent two of the largest undeveloped silver deposits in the
world and continue to deliver very positive results. Pre-feasibility
contracts are being finalized at Corani. Our development group, led by Marc
Leduc, expects to complete the pre-feasibility study by year-end because of
the already advanced stages of metallurgical testing, resource drilling,
and infrastructure studies. Additionally, minimal infill drilling is
required to convert mineralization from resource to reserve categories.
Bear Creek is utilizing the same fast-track approach at its emerging Santa
Ana silver discovery, which we expect will move quickly along a development
path."
New drilling results are as follow. All intercepts are down-hole
lengths and true widths have not been calculated.
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Silver
Incli- Total Interval (grams
Drill Azimuth nation Depth From To (m) per Lead Zinc
Hole # (degrees) (degrees) (m) (m) (m) DTH tonne) (%) (%)
-------------------------------------------------------------------------
SA-6A 300 -60 373.7 92 336 244 36.6 0.3 0.6
-------------------------------------------------------------------------
includes 198 204 6 213.0 1.7 1.6
-------------------------------------------------------------------------
and 216 220 4 267.5 0.7 0.8
-------------------------------------------------------------------------
and 226 230 4 86.0 0.4 0.5
-------------------------------------------------------------------------
and 288 294 6 116.0 0.2 0.4
-------------------------------------------------------------------------
and 326 330 4 107.0 0.7 1.2
-------------------------------------------------------------------------
SA-6B 120 -60 307.0 12 24 12 89.2 0.2 0.2
-------------------------------------------------------------------------
includes 16 20 4 155.5 0.3 0.2
-------------------------------------------------------------------------
80 188 108 28.0 0.2 0.3
-------------------------------------------------------------------------
includes 132 134 2 129.0 0.4 0.5
-------------------------------------------------------------------------
and 170 172 2 208.0 0.4 0.6
-------------------------------------------------------------------------
and 180 182 2 141.0 0.2 0.2
-------------------------------------------------------------------------
260 304 44 27.7 0.3 0.7
-------------------------------------------------------------------------
includes 272 274 2 278.0 3.4 8.0
-------------------------------------------------------------------------
SA-64B 90 -50 203.0 38 54 16 83.6 0.9 0.7
-------------------------------------------------------------------------
includes 38 46 8 141.8 0.9 0.5
-------------------------------------------------------------------------
72 132 60 56.5 0.5 1.0
-------------------------------------------------------------------------
includes 74 86 12 89.7 0.9 1.4
-------------------------------------------------------------------------
and 128 130 2 308.0 1.5 2.7
-------------------------------------------------------------------------
40 168 128 - - 1.0
-------------------------------------------------------------------------
SA-66B 90 -85 386.3 28 102 74 43.7 0.4 0.8
-------------------------------------------------------------------------
includes 60 80 20 95.2 0.5 1.1
-------------------------------------------------------------------------
152 154 2 102.0 0.2 0.4
-------------------------------------------------------------------------
SA-69B 270 -55 150.5 40 52 12 31.8 0.5 0.4
-------------------------------------------------------------------------
106 114 8 114.5 1.0 1.9
-------------------------------------------------------------------------
70 138 68 - - 0.8
-------------------------------------------------------------------------
SA-98 120 -60 223.5 198 200 2 239.0 0.1 0.1
-------------------------------------------------------------------------
124 130 6 - - 1.5
-------------------------------------------------------------------------
146 154 8 - - 0.6
-------------------------------------------------------------------------
SA-99 120 -70 178.0 36 54 18 52.4 0.4 0.4
-------------------------------------------------------------------------
82 88 6 47.7 0.1 0.2
-------------------------------------------------------------------------
102 136 34 45.6 0.1 0.2
-------------------------------------------------------------------------
includes 108 116 8 91.2 0.2 0.2
-------------------------------------------------------------------------
152 162 10 56.8 0.3 0.4
-------------------------------------------------------------------------
SA-100 120 -70 192.4 40 52 12 33.3 0.4 0.4
-------------------------------------------------------------------------
74 78 4 57.0 0.1 0.2
-------------------------------------------------------------------------
180 182 2 104.0 0.2 0.6
-------------------------------------------------------------------------
SA-101 120 -70 169.3 2 92 90 19.9 0.2 0.3
-------------------------------------------------------------------------
SA-102 120 -60 176.3 No significant intervals
-------------------------------------------------------------------------
SA-103 270 -50 195.3 12 16 4 72.5 0.3 0.1
-------------------------------------------------------------------------
SA-103A 90 -70 172.0 56 62 6 42.7 0.6 0.4
-------------------------------------------------------------------------
106 110 4 59.5 0.1 0.2
-------------------------------------------------------------------------
SA-104 120 -70 156.8 0 28 28 34.4 0.1 0.2
-------------------------------------------------------------------------
42 78 36 33.5 0.3 0.4
-------------------------------------------------------------------------
includes 62 70 8 90.2 0.4 0.4
-------------------------------------------------------------------------
SA-105 120 -60 188.1 36 44 8 38.0 0.2 0.3
-------------------------------------------------------------------------
SA-106 120 -70 169.2 0 142 142 40.5 0.3 0.5
-------------------------------------------------------------------------
includes 20 30 10 104.0 0.2 0.4
-------------------------------------------------------------------------
and 104 108 4 270.0 0.7 1.2
-------------------------------------------------------------------------
SA-107 270 -60 227.5 154 198 44 58.3 0.6 0.6
-------------------------------------------------------------------------
includes 156 164 8 170.5 1.7 1.9
-------------------------------------------------------------------------
SA-108 120 -70 177.1 0 140 140 30.3 0.2 0.5
-------------------------------------------------------------------------
includes 20 28 8 74.2 0.6 0.4
-------------------------------------------------------------------------
and 118 128 10 84.6 0.3 0.3
-------------------------------------------------------------------------
64 92 28 - - 0.9
-------------------------------------------------------------------------
SA-109 120 -70 201.9 0 44 44 24.7 0.1 0.3
-------------------------------------------------------------------------
90 112 22 44.0 0.2 0.4
-------------------------------------------------------------------------
includes 102 108 6 87.7 0.2 0.3
-------------------------------------------------------------------------
SA-110 270 -60 168.7 No significant intervals
-------------------------------------------------------------------------
SA-111 120 -70 174.9 50 66 16 28.5 0.2 0.4
-------------------------------------------------------------------------
116 126 10 22.0 0.1 0.2
-------------------------------------------------------------------------
144 150 6 61.3 0.3 0.4
-------------------------------------------------------------------------
SA-112 270 -60 211.9 2 128 126 28.0 0.4 0.8
-------------------------------------------------------------------------
includes 64 66 2 262.0 2.4 4.2
-------------------------------------------------------------------------
and 88 90 2 101.0 0.2 0.6
-------------------------------------------------------------------------
180 182 2 294.0 2.6 0.9
-------------------------------------------------------------------------
208 210 2 209.0 0.8 0.2
-------------------------------------------------------------------------
SA-112A 90 -60 197.2 22 26 4 49.0 0.1 0.1
-------------------------------------------------------------------------
84 154 70 33.2 0.4 0.6
-------------------------------------------------------------------------
includes 114 116 2 116.0 0.4 0.5
-------------------------------------------------------------------------
and 140 142 2 130.0 0.3 0.3
-------------------------------------------------------------------------
174 178 4 54.0 0.9 1.8
-------------------------------------------------------------------------
SA-113 120 -70 218.6 34 44 10 75.6 0.4 0.4
-------------------------------------------------------------------------
64 70 6 46.0 0.3 0.3
-------------------------------------------------------------------------
108 130 22 52.0 0.2 0.3
-------------------------------------------------------------------------
SA-114 120 -70 139.3 24 32 8 77.0 0.2 0.2
-------------------------------------------------------------------------
includes 24 26 2 148.0 0.4 0.1
-------------------------------------------------------------------------
44 50 6 38.0 0.2 0.3
-------------------------------------------------------------------------
SA-115 90 -70 169.8 76 158 82 30.7 0.3 0.7
-------------------------------------------------------------------------
includes 132 134 2 118.0 0.6 1.1
-------------------------------------------------------------------------
and 146 148 2 111.0 1.0 2.2
-------------------------------------------------------------------------
and 150 152 2 147.0 0.8 2.0
-------------------------------------------------------------------------
SA-116 300 -70 224.2 106 116 10 22.8 0.3 0.5
-------------------------------------------------------------------------
134 154 20 26.9 0.3 0.5
-------------------------------------------------------------------------
206 224 18 32.3 0.4 0.5
-------------------------------------------------------------------------
SA-116A 120 -60 238.6 42 58 16 29.5 0.1 0.3
-------------------------------------------------------------------------
98 134 36 36.1 0.2 0.2
-------------------------------------------------------------------------
includes 126 130 4 151.0 0.4 0.4
-------------------------------------------------------------------------
148 208 60 34.9 0.2 0.3
-------------------------------------------------------------------------
includes 174 176 2 107.0 0.3 0.5
-------------------------------------------------------------------------
and 182 184 2 115.0 0.2 0.4
-------------------------------------------------------------------------
224 230 6 30.0 0.2 0.5
-------------------------------------------------------------------------
SA-117 90 -70 174.7 40 126 86 52.0 0.4 0.9
-------------------------------------------------------------------------
includes 46 48 2 103.0 0.4 0.1
-------------------------------------------------------------------------
and 64 72 8 126.8 0.6 1.5
-------------------------------------------------------------------------
and 92 94 2 391.0 1.1 2.5
-------------------------------------------------------------------------
and 124 126 2 300.0 0.2 0.9
-------------------------------------------------------------------------
148 162 14 26.7 0.2 0.6
-------------------------------------------------------------------------
SA-118 90 -70 163.8 28 68 40 36.6 0.2 0.4
-------------------------------------------------------------------------
includes 40 44 4 104.0 0.4 0.2
-------------------------------------------------------------------------
SA-119 90 -70 176.0 30 72 42 118.3 0.3 0.8
-------------------------------------------------------------------------
includes 60 68 8 412.2 0.6 1.4
-------------------------------------------------------------------------
110 148 38 52.4 0.2 0.5
-------------------------------------------------------------------------
includes 116 118 2 328.0 0.9 1.6
-------------------------------------------------------------------------
and 138 142 4 122.5 0.4 0.9
-------------------------------------------------------------------------
SA-120 90 -70 184.0 18 22 4 31.5 0.2 0.3
-------------------------------------------------------------------------
56 92 36 40.1 0.2 0.4
-------------------------------------------------------------------------
includes 60 62 2 200.0 0.3 0.8
-------------------------------------------------------------------------
and 70 72 2 121.0 0.8 0.8
-------------------------------------------------------------------------
SA-121 90 -70 166.8 50 148 98 25.1 0.2 0.8
-------------------------------------------------------------------------
includes 70 72 2 113.0 0.5 1.2
-------------------------------------------------------------------------
and 146 148 2 117.0 0.2 0.8
-------------------------------------------------------------------------
SA-122 90 -70 178.1 62 82 20 57.8 0.6 1.3
-------------------------------------------------------------------------
146 170 24 29.1 0.3 0.7
-------------------------------------------------------------------------
SA-123 90 -70 168.9 28 38 10 87.0 0.3 0.2
-------------------------------------------------------------------------
includes 28 32 4 166.0 0.4 0.2
-------------------------------------------------------------------------
54 70 16 46.6 0.5 1.1
-------------------------------------------------------------------------
98 102 4 85.5 0.6 1.5
-------------------------------------------------------------------------
SA-125 90 -70 177.1 6 158 152 65.9 0.2 0.5
-------------------------------------------------------------------------
52 94 42 79.5 0.2 0.5
-------------------------------------------------------------------------
154 158 4 816.0 0.6 0.6
-------------------------------------------------------------------------
SA-127 90 -70 165.0 60 78 18 38.7 0.4 1.0
-------------------------------------------------------------------------
110 164 54 36.6 0.2 0.4
-------------------------------------------------------------------------
includes 140 144 4 196.5 0.6 0.8
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(Full drill results can be found at http://www.bearcreekmining.com. To access
the silver drill hole map directly please refer to
http://www.bearcreekmining.com/i/pdf/June_18_Santa_Ana_dh_map.pdf)
Close-spaced drilling on 25 x 50 meter centers continues on six lines
distributed throughout the mineralized area. Drill holes reported,
including SA-106, SA-117, SA-125 and SA-119 located on three separate
detailed drill fences, demonstrate that drilling on 25 x 50 meter centers
continues to:
- convert inferred resources into measured and indicated resources and
establish continuity of mineralization;
- convert blocks that were considered to be waste because of lack of
drilling on the periphery of the deposit to mineralized material and
reduce the stripping ratio; and
- intersect additional blind, high-grade ore shoots that wider-spaced
drilling will miss, thus improving the project economics.
Drill hole SA-6A, located in the center of the geophysical IP anomaly
approximately 100 meters southwest of the initial resource limit released
in January 2008, intersected significant blind high-grade mineralization at
depth. This new mineralization can now be projected to surface and explored
at shallower depths, creating potential for additional silver ounces to the
west and southwest under thin, unexplored soil cover.
Base Metals - Intervals of significant zinc continue to be intercepted
in a significant number of holes. Metallurgical testing is ongoing with the
goal of determining the recovery of zinc and the potential economic base
metals contribution for the project. Initial flotation tests have shown
that the Santa Ana high-grade base metal zones respond very well to
flotation recovery methods and testing is continuing.
Three drills continue on the property completing close-spaced infill
and deposit extension drilling.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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 David Volkert, P.Geo., Bear Creek's Vice President of
Exploration and/or Marc Leduc, P. Eng., Vice President of Technical
Services and the President and 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 Juliaca, Peru for
direct shipping 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 http://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.
CONTACT: Andrew Swarthout - President and CEO, or Patrick De Witt -
Investor Relations, Phone: (604) 685-6269, Direct: (604) 628-1111, E-mail:
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; For further information, please visit the
Company's website (http://www.bearcreekmining.com)
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