Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • Agencies
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • Arabic
      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Amplify Content
  • All Products
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Amplify Content
  • All Products
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS

BEAR CREEK ANNOUNCES POSITIVE RESULTS FROM PHASE I DRILLING, TASSA SILVER-GOLD PROJECT, PERU


News provided by

Bear Creek Mining Corporation

Dec 06, 2010, 10:01 ET

Share this article

Share toX

Share this article

Share toX

VANCOUVER, Dec. 6 /PRNewswire/ - Bear Creek Mining (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce results for the fifteen (15) diamond drill holes (3677.4 meters) from its Phase I drill program.  The positive initial results in conjunction with ongoing mapping and sampling on the property will be evaluated to determine the scope of Phase II drilling expected to start after the rainy season in Q2 2011.  Tassa is located approximately 160 kilometers northwest and 230 kilometers south of the Company's Santa Ana and Corani silver deposits respectively.  Santa Ana is on the permitting track following completion of a positive feasibility study and a feasibility study at Corani is expected in late 2011.  Highlights of this news release are:

  • Drill hole T-4 returns 60 meters averaging 224.2 g/t Ag from 24 to 84 meters depth
  • Drill hole T-2 returns 40 meters averaging 110.70 g/t Ag from 2 to 42 meters depth
  • Drill hole T-6 returns 10 meters averaging 202 g/t Ag from 168 to 178 meters depth
  • Drill hole T-11 returns 12 meters averaging 146.5 g/t Ag from 16 to 28 meters depth
  • The wide space initial drilling only partially tests the large, mineralized diatreme breccia complex which measures 1.5 km by 800 meters
  • Every drill hole to date has encountered elevated silver with occasional gold values up to 1.24 g/t over two-meters and various intervals with >0.1 g/t Au
  • Numerous untested geochemical targets remain within the diatreme complex and sedimentary host rocks adjacent to the complex which are now being targeted by geologic mapping

Andrew Swarthout, President and CEO of Bear Creek, states "We are encouraged with the success rate including four drill holes containing significant silver mineralization in our first round of  widely spaced drilling in this very large target area. These positive early stage results along with multi-phase nature of the volcanic diatreme complex at Tassa as well as the presence of similar host sediments to the nearby Chucapaca gold discovery of Goldfields and Buenaventura provide significant potential to discover additional higher grade silver and gold zones within the largely untested property position and highly metal-endowed geologic environment."  

The Company's 100% controlled Tassa silver-gold prospect is located approximately 16 kms north-west from Chucapaca, currently under exploration by the Goldfields - Buenaventura joint venture where ,in a very similar geologic and geochemical setting, reported resources are 83.7 MT averaging 1.9 g/t Au and 8.2 g/t Ag.. Reportedly, the higher-grade gold mineralization at Chucapaca was "blind" and drilling initially returned silver-rich intercepts before the gold deposits were discovered. 

The target at Tassa is a 1.5 km by 800 meters silver/gold anomaly where 852 rock chip samples (including trenches) to date average 30.71 g/t silver.  An Induced Polarization survey defined several high chargeability anomalies, which seems to be related to increased fine black sulfides which contain elevated levels of silver and gold.  To date, Phase I drilling has intersected mineralization contained within multiple phases of phreatic, hydrothermal, tectonic and phreatomagmatic breccias, strongly fractured rhyolitic volcanics, and brecciated sediments.  

Phase II drilling, expected to commence in Q2, 2011, will consider testing deeper in the system where favorable sedimentary formations hosting the Chucapaca mineralization are believed to exist, the borders of the diatremes in contact with sediments, and new targets generated by mapping and soil and rock geochemical sampling over the northernmost three kms of the concessions where the mineralization may be open beneath outcropping Yura quartzite. 

Mineragraphic and Mineral Liberation Analysis (MLA) work establishes the main silver mineral as argentite associated with multiple mineralizing events. Seven recent bottle roll tests performed at ALS Chemex labs for cyanide extraction show Ag- Au recoveries above 70% where copper content is low; however, when copper exceeds 0.2% Cu (approximately 10% of the samples tested), recoveries tend to be lower.  Earlier bottle roll tests on six samples resulted in recoveries of up to 85% silver and 95% gold (see News Release dated 7 January 2010).   The high cyanide recoveries of silver and gold allow consideration of low-cost open pit mining and heap or vat leach recovery; however, the focus of the current program is to expand the higher-grade intercepts, discover higher gold to silver ratio mineralization, and develop additional targets within the district. To view maps and sections directly please click on: http://bearcreekmining.com/i/pdf/Tassa-Maps-Sections-Dec6-2010.pdf

Other News:

In other exploration news, four drill holes totaling 694 meters were completed at the Campanario project. Although numerous intervals of anomalous gold values were encountered, the results indicate that a bulk tonnage deposit is very unlikely.  The Company's option agreement is being terminated and no further work is planned.

Consistent with the Company's aggressive generative exploration philosophy, several additional prospects in the portfolio are being evaluated for future drilling or acquisition. 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Regulatory footnotes:

All of Bear Creek's exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Marc Leduc, P. Eng., COO, Christian Rios, P.Geo. Exploration Manager and the President and CEO, Andrew Swarthout, P.Geo., who serve as the Qualified Persons under the definitions of NI 43-101. All diamond drilling has been performed using HQ diameter core with recoveries averaging greater than 95%. Core is logged and split on site under the supervision of Bear Creek geologists. Sampling is done on two-meter intervals and samples are transported by Company staff to Arequipa, Peru for direct shipping to ALS Chemex, Laboratories in Lima, Peru. ALS Chemex is an ISO 9001:2000-registered laboratory and is preparing for ISO 17025 certification. Silver, lead, and zinc assays utilize a multi-acid digestion with atomic absorption ("ore-grade assay method"). The QC/QA program includes the insertion every 20th sample of known standards prepared by SGS Laboratories, Lima. A section in Bear Creek's website is dedicated to sampling, assay and quality control procedures.

Certain disclosure in this release, including management's assessment of Bear Creek's plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bear Creek's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. These risks, uncertainties and other factors are disclosed in Bear Creek's continuous disclosure filings with Canadian securities regulators including its most recent annual information form, available on www.sedar.com.  Bear Creek expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Drill Hole
#
Azimuth (degrees) Inclination (degrees) Total Depth
(m)
From (m) To (m) Interval (m) DTH Silver
(grams per tonne)
Gold
(ppb)
T-1 50º -65 252 2 24 22 26.6 3.9
        64 92 28 27.7 118.3
        214 238 24 26.7 80.3
T-2 220º -55 262 2 72 70 74.8 13.0
includes       2 42 40 110.7 12.8
        118 128 10 52.0 21.8
T-3 110º -65 237 164 176 10 77.0 96.5
T-4 205º -55 209 12 84 72 190.1 14.8
includes       24 84 60 224.2 15.3
and       24 32 8 738.3 25.8
T-6 60º -60 276.8 0 18 18 30.4 6.3
        46 96 50 27.2 64.5
        114 150 36 24.8 30.3
        164 204 40 69.7 27.6
includes       168 176 8 247.5 87.3
        234 254 20 95.8 35.2
T-8 65° -60 272.5 26 58 32 23.2 17.3
        184 196 12 76.3 22.0
T-9 183º -60 242.3 0 16 16 53.1 1.0
        52 84 32 35.6 1.2
        90 108 18 32.1 1.9
T-10 55º -55 290 0 44 44 55.0 7.5
includes       0 10 10 126.0 15.6
        96 106 10 29.4 3.0
T-11 90º -55º 221 0 74 74 82.6 55.4
includes       16 28 12 146.5 10.5
T-12 160º -55º 134.6 8 82 74 82.8 16.1
includes       36 38 2 1765.0 38.0
        116 130 14 24.7 12.1
T-13 40º -55º 307.3 0 16 16 31.9 4.1
        276 302 26 38.4 32.5
T-15 10° -55º 219 28 38 10 113.4 22.0
        64 84 20 84.2 11.8
        152 182 30 34.3 2.5

Note: T-5, T-7 and T-14 had no significant Ag mineralization but total depth includes those holes.

SOURCE Bear Creek Mining Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED

Modal title

Contact PR Newswire

  • Call PR Newswire at 888-776-0942
    from 8 AM - 9 PM ET
  • Chat with an Expert
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Italy
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • Vietnam

My Services

  • All New Releases
  • Platform Login
  • ProfNet
  • Data Privacy

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Platform Login
  • ProfNet
Call PR Newswire at
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookies
Copyright © 2025 Cision US Inc.