TEMPE, Ariz., June 24 /PRNewswire-FirstCall/ -- Big Bear Mining Corp. (OTC Bulletin Board: BGBR) is pleased to announce that field exploration on Big Bear's wholly owned claims in the Red Lake Mining District will commence in the first week of July 2010.
First phases of exploration will include geological mapping, prospecting, and rock sampling across the entirety of the claim groups focusing on historical and newly uncovered showings. This phase of the work is scheduled to run for not less than 35 works days with a 3 man crew to include geologist John Archibald from Billiken Management leading the exploration. The results of this work will help make determinations necessary to propose the next phase of exploration including additional geology and geophysics with the objective to generate drill targets
Just 40 miles east of the prolific Red Lake Mining Camp, where there are a number of present and past producing mines most of these claims are accessible by road. In the first phase there will be a minimum anticipated expenditure of 150,000 dollars. Steve Rix, CEO, stated "We are excited to finally initiate exploration on our Birch Uchi properties and look forward to receiving interpretations and recommendations from Mr. Archibald's evaluation sometime late this summer."
About Big Bear Mining Corp.:
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, that field exploration on Big Bear's wholly owned claims in the Red Lake Mining District will commence in the first week of July 2010, that the first phases of exploration will include geological mapping, prospecting, and rock sampling across the entirety of the claim groups focusing on historical and newly uncovered showings, and how long the work will take and any results from such exploration.
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.
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SOURCE Big Bear Mining Corp.