Allan BarryBear Creek Mining
Bear Creek has been in our report since our first edition because of their silver project in Peru and the team of people leading the company. Since we first featured them they have continuously met their goals and in hindsight we are glad we have been a fan of this company and their project. We are a shareholder of the company.
In the past six months the company has completed a resource calculation on their Corani project which indicates a resource of 250 million ounces of silver. This resource was based on approximately 70 drill holes. Since that first calculation the company has completed another 100 holes that have not been included in the resource numbers.
As the company has been drilling they have been getting into an area where the grades are getting even stronger than in the area where the resource calculation comes from. They are also finding as they get into this higher grade area the dimensions of the discovery are getting thicker and wider and are increasing the strike length.
Along with the extensive drilling the company is doing they are also updating their resource calculation. It is safe to assume based on the new drill holes that the resource has grown significantly. We aren’t interested in making a guess on what the new numbers will indicate but we do believe it will be a lot larger.
Bear Creek’s stock symbol is BCM and the shares trade on the Toronto Stock Exchange Venture Market. Their website is www.bearcreekmining.com. On their website you can find past news releases and additional information to do your own due diligence.