Found It
Here it is - now this is from Oct 28th so after over a month I would think pending should be done any day or maybe they are going to release all 83 holes. That would be a major realease. There was some nice silver results and as you know silver is climbing and I am very bullish, as with copper they are going to be the plays this year.
Results from 40 of 83 drill holes completed by Great Bear in 2010 are pending.
Great Bear Amends Option and Joint Venture Agreement for BA and Surprise Creek Projects
October 28, 2010
Great Bear Resources Ltd. (“Great Bear”) (CNSX:GBR) is pleased to announce that it has amended the Option and Joint Venture Agreement (the “JV Agreement”) with Mountain Boy Minerals Ltd. (TSXV- MTB) for the BA and Surprise Creek projects in the Eskay Creek mining district near Stewart, northern British Columbia. Under the amendment:
• The Surprise Creek property, located immediately north of the BA project, is included under the terms of the JV Agreement.
• Acquisition costs for the Surprise Creek property will be borne entirely by Great Bear, and will be applied against its earn-in requirement towards the BA property.
The BA and Surprise Creek Projects
As previously announced, Great Bear has entered into an Option and Joint Venture Agreement with Mountain Boy to earn a 50% interest in the BA project by spending $5.5 M over four years, and can earn an additional 20% interest, for a total of 70%, by funding a Positive Feasibility Study by December 2015. Great Bear has also entered into an Option Agreement with Pinnacle Mines Ltd. (“Pinnacle”)(TSXV: PCL) for the 100% acquisition of Pinnacle’s Surprise Creek claims located immediately north of the BA project. In order to acquire the claims, the Company must pay $150,000 and issue 700,000 common shares by May 25th, 2012. By inclusion of the Surprise Creek property in the Great Bear – Mountain Boy JV Agreement, ownership interests in the Surprise Creek property by the Joint Venture partners will match that of the BA project.
The BA Project hosts a silver rich volcanogenic massive sulphide (VMS) system with 600 metres of drill confirmed mineralized strike in the Main zone, and 250 metres of drill confirmed stockwork VMS mineralization in the North Extension. 62 of 90 historic drill holes into the Main zone have returned in excess of 68 g/t silver over drill indicated widths of 3 to 134 metres with significant associated lead – zinc mineralization. Results from 40 of 83 drill holes completed by Great Bear in 2010 are pending.
Mr. Chris Taylor, M.Sc. P.Geo, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
For further information please contact Mr. Archie Nesbitt, President or Mr. Chris Taylor, P.Geo., Vice President Exploration at 604-681-0037.