Bearing Resources Extends Gold Anomaly At The October Dome Property, British Columbia
Resource from: Bearing Resources Ltd. Likes:2981
Oct 26,2011
(October 25, 2011)
Bearing Resources Ltd. ("Bearing", or the "Company") (TSX-V: BRZ) is pleased to report that exploration at its 100% owned October Dome gold property ("October Dome") has successfully extended the strike length of the existing gold target. In June, Bearing collected 457 grid-controlled soil samples that extended the existing gold (20 ppb threshold) and arsenic (20 ppm threshold) soil anomalies by a further kilometre to the southeast. The October Dome target is now a four kilometre long gold in soil anomaly, in part, coincident with high induced polarization ("IP") chargeability anomalies (see figures at www.bearingresources.ca). Bearing also recently received a multi-year exploration permit that will allow extension of the existing IP grid to the southeast to cover the expanded soil anomaly as well as trenching and diamond drilling of the anomalous areas.
The 2,542 hectare property is located near the town of Likely in the Quesnel Trough region of central British Columbia, Canada. October Dome is adjacent to Bearing's Mount Polley property (7,458 hectares) which is contiguous with Imperial Metals Corporation's ("Imperial") Mount Polley porphyry copper-gold mine property, 10 kilometres to the south, and to Barkerville Gold Mines Ltd.'s QR skarn gold mine property 7 kilometres to the north west. The October Dome property may host multiple styles of mineralization including gold skarn similar to the QR deposit and alkalic porphyry copper-gold similar to the Mount Polley deposit.
Dave Tupper, Vice President Exploration commented, "The recent soil survey increases the scale of the October Dome target. Bearing plans to complete an initial trenching and drilling program in the first half of 2012 targeting the strong coincident IP and soil anomalies."
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.
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 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 projects are located in British Columbia adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a potential 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 also holds a portfolio of Yukon exploration properties located near Golden Predator's Clear Creek gold project and Northern Tiger's 3Ace gold project. In addition, Bearing is conducting generative exploration in Mexico and early stage exploration at the 26,849 hectare Parrandera copper-gold project located in the Mapimi region of eastern Durango, Mexico.
(Bearing Resources Ltd.)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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