TEMPE, Ariz., Oct. 20 /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 that drilling is set to commence by week's end on the Barlow Gap "BG" claims in Rattlesnake Hills, Natrona County, Wyoming. The drilling program objective is to discover precious or base metal mineralization at depth below broad zones of silicification delineated by Crescent Resources in 2009 and expanded in our current program which contain anomalous Ag +/- Au samples.
Steve Rix, CEO & President, stated, "After acquiring the properties less than two months ago, an aggressive effort has been made to build on the work completed last season by Crescent Resources. This work allowed the company to identify drill targets on three of the ten claim blocks. Now with permitting in place and a drilling contract executed we are set to begin our drilling program."
The drilling program is expected to take approximately 3 weeks and results will be announced early in the first quarter of 2011.
Ruen Drilling will oversee the drilling program on the BG claims in Rattlesnake Hills. Ruen has significant experience in the area as they have conducted extensive work over 3 full seasons of drilling in neighboring properties held by Evolving Gold.
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 Rattlesnake Hills 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