new drilling results!VANCOUVER, June 17 /CNW/ -Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the "Company") is pleased to announce results for 43 additional diamond drill holes (4,567.8 meters) that will be incorporated into an updated resource/reserve estimation in the next month. Drilling at Santa Ana, a pure silver, heap leachable deposit capable of producing close to 5million ounces per year (see news release dated 20 April 2009), now totals 64,761 meters in 393 drill holes including 45 holes engineering holes totaling of 4,303 meters. Santa Ana is located 200 kilometers south of the Company's world-class Corani silver-base metal deposit in southeastern Peru. Both projects are in the feasibility study stages. Highlights of this press release include:
- Feasibility Study on-track for September 2010.
- Infill holes are returning similar silver values to previous
drilling; therefore, good conversion from inferred to M+I resources
and mineable reserves is expected.
- Drill hole SA-227 intersects 34m @ 81.2 g/t Ag including 10m @
140.4 g/t Ag.
- Drill hole SA-230 intersects 24m @ 64.6 g/t Ag, including 6m @
185.0 g/t Ag.
- Drill hole SA-237 intersects 24m @ 86.8 g/t Ag.
- New style of base metal-rich (up to 3.6% combined Pb-Zn) + silver (up
to 63 g/t) mineralization intersected in four drill holes (SA-221,
222, 241, and 241A) at drilling margins, indicating additional
potential towards the untested "North Anomaly".
- Mineralization remains open laterally and at depth.
>>
Andrew Swarthout, President and CEO of Bear Creek, states "We are very pleased with the advances at Santa Ana.The data is indicating that our upcoming Feasibility Study will describe a project which exceeds the expectations presented in the April 2009Preliminary Economic Assessment ("PEA"). Additionally, there continue to be pleasant surprises as we perform step-out drilling in this large,unexplored district."
<details in press release.>