Welcome!

News Feed Item

Bearing Provides Drill Results From Pedro Gold Project, Mexico

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/03/14 -- Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE: BRZ) has received the drill results from Newmont de Mexico, S.A. de C.V ("Newmont"), a wholly owned subsidiary of Newmont Mining Corporation, from its recently completed drill program on Bearing's 100% owned Pedro property in Durango Mexico. Newmont terminated the option agreement on Pedro with an effective date of July 11, 2014.

The drill program comprised 11 drill holes totalling 1,744 metres of which two holes (409 metres) were cored and the remaining drilled by reverse circulation. Areas tested included the HP breccia prospect and its northern extension; a distance of some three kilometres. The best results were encountered in hole LP-013-R that returned a core length of 10.5 metres grading 0.51 grams per tonne gold from silicified conglomerate of the Ahuichila Formation. Details of the recent drilling are presented below. Drill intervals reported are hole lengths and true thickness for hole LP-013-R is estimated to be close to the reported core length. Collar locations are presented at the end of this release. Results for all other holes were low to barren.



Table 1: Significant Intersections (Suffix R-
 reverse circulation, D- core)

--------------------------------------------------
                From        To    Length        Au
Hole             (m)       (m)       (m)     (g/T)
--------------------------------------------------
LP-007-R         4.5      16.5     12.00      0.23
--------------------------------------------------
LP-008-R        33.0      37.5      4.50      0.35
--------------------------------------------------
LP-010-R        31.5      37.5      6.00      0.21
--------------------------------------------------
LP-011-D         4.0       9.6      5.55      0.59
--------------------------------------------------
LP-013-R        51.0      61.5     10.50      0.51
--------------------------------------------------
LP-017-R       144.0     201.0     57.00      0.07
--------------------------------------------------

The HP Breccia prospect is defined by a gold soil anomaly (greater than 40 ppb gold) extending over a 1,800 metre x 600 metre area that coincides with exposed silicified conglomerate of the Ahuichila Formation. Drill results from this area (holes 7 through 15) in large part reflect the results from surface sampling. Gold is mostly associated with the Ahuichila conglomerate with no values being present within the underlying Caracol Formation. No source or feeder system for this stratabound gold has been identified. The northern extension of the HP breccia prospect located 2 kilometres to the north is underlain by volcanic rocks and Aurora Formation limestone and was tested by holes 16 and 17. The Aurora Formation is weakly mineralised throughout with hole 17 returning 57 metres averaging 70 ppb gold. The Company will continue to compile all results received from Newmont including surface geochemistry, geophysics and drilling. Additional targets on this large property have yet to be tested and the property remains in good standing.

QA/QC:

Drill samples and analytical data for the Pedro project were collected under the supervision of Newmont, using industry standard quality assurance/quality control protocols. Core holes began as HQ and were terminated as NQ. For reverse circulation drilling dry sampling was used for approx. 75% or more of drill samples. Dry sampling used a standard rotary cyclone capture with all drill cuttings passing through a 1/8th cut Gilson splitter before bagging for assay. Wet sampling methods were used in intervals with excessive ground water. A multi-stage sampling process was used for these samples including: rig-mounted rotary wet splitter making a 1/8th to 1/16th sample split depending on water quantity, sample bags within stainless steel baskets to catch all material and fluid passing through rotary wet splitter, flocculent was added to sample bags during and after sample collection to retain all solid materials. Wet samples were allowed to dry on-site to a semi-solid consistency. Samples were transported to ALS-Chemex's preparation lab in Zacatecas and gold was analyzed by fire assay and AAS from a 30 g nominal sample weight in ALS Chemex's analytical facilities in Vancouver, Canada.



Table 2: Drill Hole Locations (WGS84 Z13) (Suffix R- reverse circulation, D-
 core)

----------------------------------------------------------------------------
                                            Elev.                     Length
Area    Hole ID      Area  Easting Northing   (m) Azimuth Inclination    (m)
----------------------------------------------------------------------------
Pedro  LP-007-R     Pedro   584814  2854778  1643       0          90  106.5
----------------------------------------------------------------------------
Pedro  LP-008-R     Pedro   584759  2854708  1656       0          90  120.0
----------------------------------------------------------------------------
Pedro  LP-009-R     Pedro   584672  2854697  1615       0          90   70.5
----------------------------------------------------------------------------
Pedro  LP-010-R     Pedro   585007  2854820  1615       0          90  100.5
----------------------------------------------------------------------------
Pedro  LP-011-D     Pedro   585126  2854655  1608      60          70  207.4
----------------------------------------------------------------------------
Pedro  LP-012-R     Pedro   585093  2854855  1610       0          90  211.5
----------------------------------------------------------------------------
Pedro  LP-013-R     Pedro   585183  2854895  1605       0          90  121.5
----------------------------------------------------------------------------
Pedro  LP-014-R     Pedro   584795  2854951  1616      30          60  201.0
----------------------------------------------------------------------------
Pedro  LP-015-R     Pedro   584904  2855215  1593     210          60  202.5
----------------------------------------------------------------------------
Pedro  LP-016-D     Pedro   583400  2857321  1571     215          60  201.3
                    Norte
----------------------------------------------------------------------------
Pedro  LP-017-R     Pedro   583558  2857046  1582     230          60  201.0
                    Norte
----------------------------------------------------------------------------

Other Matters:

The Company is currently renegotiating its option on the Flume Gold project.

Robert Cameron, P.Geo., President and CEO who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

About Bearing Resources

Bearing is a Canadian based precious and base metal exploration company with projects located in British Columbia, the Yukon and Mexico. In Mexico the Company owns the Pedro epithermal gold project while in British Columbia the Company has discovered a gold-bearing skarn system on its October Dome property. The Company's Mount Polley project is located in near Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a production royalty on the Boundary property. The Company also holds interests in projects in the Yukon including the Flume Project in the White Gold District.

BEARING RESOURCES LTD.

Robert Cameron, President & CEO

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to, those with respect to future exploration programs and venture arrangements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Bearing to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of commodities, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...