Big Bear Mining Corp. Acquires the Sol d'or Mine and Additional Claims in the Red Lake District
SCOTTSDALE, Ariz., April 14 /PRNewswire-FirstCall/ -- Big Bear Mining Corp. (OTC Bulletin Board: BGBR) is pleased to announce the acquisition of a new group of claims in the Birch/Uchi portion of the Red Lake Mining Division. The group of claims are located in Honeywell and McNaughton Township and comprise 9 claims for a total of 4,104 acres. This group is host to the Sol d'or Mine which saw limited production between 1932 to 1937 at which time 560.07 tons of ore were processed for a total of 258 oz gold and 33 oz silver (Ontario Geological Survey Open File Report 5835). A small resource of 8,565 tons grading .57 oz of gold per ton has been reported. (Energy, Mines and Resources Canada 1989) Multiple quartz veins and a silicified shear zone make this property an excellent exploration target using modern methods which will be implemented during initial phases of exploration by the company.
"We are excited to acquire additional properties in the Red Lake District and look forward to commencing exploration soon. We constantly want to remind our shareholders and the general public that this is just one of many pieces to the puzzle. This acquisition is in line with our strategy of identifying, acquiring and exploring strategic high value properties and developing new prospective projects throughout North America," stated Steve Rix, President of Big Bear. Rix continued to add, "We are also very close to making final determinations as to which geologists will be conducting our work programs and are very excited about getting on the land shortly."
About Big Bear Mining Corp.:
bigbearmining.com
Big Bear Mining Corp. is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Big Bear (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements.
SOURCE Big Bear Mining Corp.
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