Bearing Announces Results From and Return of the Zymo Copper-Gold Project, BC
22 Octobre 2012 - 3:00PM
Marketwired Canada
Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) announces
the drill results for the Company's 2,322 metre (7 hole) drill program completed
on the Zymo Copper-Gold Project ("Zymo") located 45 kilometres west of Smithers
in British Columbia. This is a second phase of exploration by Bearing that
initially began in 2011 and that has included diamond drilling, property wide
prospecting, and targeted soil geochemistry and geophysics. After a thorough
review of the results the Company has elected to relinquish its option to earn a
65% interest in the project from Eastfield Resources Ltd.
Details of the recent drilling are presented below. Drill intervals reported are
core lengths and true widths are not known. Copper equivalent calculations do
not take into account metallurgical recoveries and are based on in-ground metal
using metal prices of US$1,200/ounce for gold and US$2.50/pound for copper.
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From To Interval Au Cu Ag CuEq
Hole ID Target (m) (m) (m) (g/t) (%) (g/t) (%)
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ZY12-29 FM Lost at
27 m
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ZY12-29B FM 114 258 144 0.08 0.16 0.22
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ZY12-30 RD 177 180 3 0.22 0.19 47.9
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including 231 234 3 0.99 0.91 72.8
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ZY12-31 RD No sig. results
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ZY12-32 Hobbes 6.3 300 293.7 0.16 0.21 0.32
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Including 6.3 180 173.7 0.20 0.26 0.40
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ZY12-33 Hobbes No sig. results
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ZY12-34 Hobbes 9 306 297 0.07 0.12 0.17
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including 219 306 87 0.08 0.15 0.21
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Drill core was sampled in three-metre intervals and cut with a diamond saw with
one-half of the core placed in sealed plastic bags and delivered to Acme
Analytical Laboratories Inc. ("Acme") in Smithers for crushing and pulverizing.
Sample pulps were then analysed by Acme in their Vancouver lab following aqua
regia digestion by ICP-MS. As part of the company's QA/QC (quality
assurance/quality control) procedures, standards and blanks were inserted into
the sample batches. ACME is an ISO 9001-registered laboratory and has a quality
control program in place which includes the insertion of standard, blank and
duplicate samples, as well as conducting repeat analyses. Field work and project
management was under the direct supervision of Bruce Laird, P. Geo.. 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 is exploring
at the approx. 40,000 hectares Mapimi gold-silver project located in the
Altiplano Region of eastern Durango, Mexico. The Company's Mount Polley and
October Dome copper-gold projects are located in British Columbia near Imperial
Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a
production royalty on the Boundary property, with Imperial. In the Yukon, the
company has three projects optioned out including the Flume Project where Ryan
Gold Corp. has been granted a right to earn up to 75% interest.
BEARING RESOURCES LTD.
Robert Cameron, President & CEO
This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to, those with respect to potential future and
exploration potential of anomalies and properties involve known and unknown
risks, uncertainties, and other factors which may cause the actual results,
performance or achievements of Bearing to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements or information. Such factors include, among others,
the actual prices of commodities, the factual results of current exploration,
development and mining activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in documents filed
from time to time with the securities regulators in the applicable Provinces of
British Columbia and Alberta.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bearing Resources Ltd.
Robert Cameron
(604) 682-5546
rcameronr@bearingresources.ca
Bearing Resources Ltd.
Paul Reinhart
(604) 488-4907
preinhart@bearingresources.ca
www.bearingresources.ca
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