NEWS: additional high-grade intercepts
Bear Creek announces additional high-grade intercepts notincluded in current resource model, close-spaced drilling demonstratescontinuity of structures at
, May 8/CNW/ - Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the"Company") is pleased to announce results for 23 additional diamonddrill holes (4,579 meters). Drilling at now totals 34,157 meters in 188 drill holes. is located 200 kilometers south of the Company's Corani silver-base metal depositin southeastern .Highlights of this press release include:
-Drill hole SA-67Aintersects 32m @ 101.9 g/t Ag, 0.8% Zn, including 6m @ 318.0 g/t Ag and 1.3%Zn;
-Drill hole SA-69Aintersects 82m @ 48.8 g/t Ag, including 8m @ 129.5 g/t Ag and 10m @ 93.8 g/t Agand 1.8% Zn;
-Drill hole SA-92intersects 52m @ 55.1 g/t Ag, including 8m @ 178.0 g/t Ag;
-Drill hole SA-93intersects 122m @ 46.9 g/t Ag, including 12m @ 122.7 g/t Ag and 1.3% Zn;
-Drilling on 25 x50 meter centers demonstrates continuity of mineralization and additionalpotential for discovery of blind, high-gradeore shoots.
Andrew Swarthout, President and CEO of Bear Creek, states"The project continues to deliver very positive results as we againincrease the area of silver mineralization, particularly to the west, with stepout drilling intersecting grades that approximate those of our existingresource (see news release dated 24 January 2008). In-fill drilling continuesto show good continuity within the current resource boundaries whileintersecting higher-grade pods as predicted from previous work. Considerabledrilling is still required prior to a scoping study as the deposit remainsopen, particularly to the west and southwest. Additionally, we are evaluatingthe data and designing a deeper drilling program to further explore the bonanzagrade feeder structures at depth beneath this large silver system as drillingto date has only explored shallow, open pit potential. A source formineralization within this well-endowed, newly emerging silver district has yetto be encountered, creating excellent opportunities for developing high-gradetargets at depth in addition to expanding the existing resource. "
(Full drill results can be found at www.bearcreekmining.com. To access
the silver drill hole map directly please refer to
https://www.bearcreekmining.com/i/pdf/May7_08SantaAnadhmap.pdf)
Another close-spaced drilling fence, 750 meters long, hasbeen added located approximately 250 meters south of the previous drill fencewhich is 500 meters long. Close-spaced drilling along both lines in the southcentral part of the current resource area, with the addition of drill holesSA-67A, SA-69A and SA-93, SA-95, continues to demonstrate that drilling on 25 x50 meter centers will likely:
- 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,
- intersect additional blind, high-grade ore shoots that wider-spaced
drilling will miss, thus improving the project economics.
Step out drilling on the west-central zone (hole SA-92, see table above)
successfully demonstrates continuity of mineralization in three flanking,
structural zones which were hidden under thin post-mineral cover. Results
from holes SA-90 and SA-90A (14m @ 55.1 g/t Ag and 8m @ 92.0 g/t Ag)
correspond with a previously reported rock and soil anomaly of 100 g/t Ag
located on the SW edge of the post-mineral tuff. These holes are the first
to explore the far southwestern edge of the covering tuff and indicate
additional potential to the west. The sparse outcrops in these unexplored,
western zones require that reconnaissance drilling be completed in order
to identify mineralized structures for follow-up drilling.
Drill data from the initial holes in the new zone of mineralization, located
750 meters southwest of the current resource limits, show some encouragement
to date with hole SA-91 intersecting 4m @ 83 g/t Ag, corresponding with
surface rock-chip samples of greater than 100 g/t Ag. Results from an
additional 3 holes are pending to evaluate this zone of mineralization
before further drilling is planned to the south and southwest of the
current resource.
MORE IN RELEASE...