TEMPE, Ariz., Oct. 12 /PRNewswire/ -- Big Bear Mining Corp (OTC Bulletin Board: BGBR), a U.S. based exploration and development company focused on the acquisition and development of gold and other precious commodity projects, announced today the results from preliminary exploration in Red Lake Claims in Western Ontario. The exploration efforts included validating historical showings, geological mapping, and prospecting.
The company holds contiguous claims in three blocks in the Birch-Uchi region of Red Lake. The Shabu claims and the Sol D'Or Mine claims yielded early stage results that were worthy of possible additional exploration.
The Sol d'or Mine claims yielded very high showings at vein one, vein two, and the dump areas with 17.2 Au g/t, 14.9 Au g/t, and 12.6 Au g/t respectively. Big Bear President and CEO, Steve Rix stated, "In our early stages of exploration we are looking for results and trends that warrant additional exploration. We are encouraged by the results from these claims and will provide additional information as it becomes available.”
The company is sending a team led by Vice President of Exploration, Mr. John Glasscock, to view each of the properties this week with chief geologist, John Archibald, of Billiken Management Group. From there, consideration for further exploration and disposition of the land can take place. The full exploration results can be reviewed in the report available our web page at www.bigbearminingcorp.com.
About Big Bear:
Big Bear Mining Corp is a U.S. based exploration and development company, focused 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.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, further exploration work on the Red Lake Claims.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Big Bear Mining Corp