Bearing Resources, a Canada-based base and precious metal exploration firm, has declared that drill program has been started at its 100%-owned October Dome gold project, located in Canada.
This property lies 6 km towards the western part of Likely town in British Columbia and is part of the company’s bigger landholdings in the region, which is located near the QR skarn gold mine property of Barkerville Gold Mines and the Mount Polley copper-gold mine porphyry project of Imperial Metals.
The company’s 1,000 m, 5-hole diamond drilling campaign will specifically focus on the southern end of a copper and gold soil anomaly, which is 4 km long and in line with an induced polarization chargeability anomaly. The target is widely enclosed by overburden having limited bedrock exposure, containing syenite and diorite sediments and intrusions. The company intends to complete the drilling campaign in September.
Robert Cameron, P.Geo, is a person qualified for this project. The October Dome project is the target of a National Instrument 43-101 technical report, which was filed on June 7, 2011.
Bearing Resource has projects in the Yukon, British Columbia and Mexico. The company mines the Mapimi gold-silver project, which is roughly 40,000 ha and situated in the East Durango’s Altiplano Region in Mexico. The company has an option to earn an interest of up to 65% in the 12,113 ha Zymo gold-copper project, which is situated 45 km towards the western part from Smithers in British Columbia. The October Dome and Mount Polley copper-gold properties are situated in British Columbia. Ryan Gold has obtained the rights to earn an interest of up to 75% in Bearing's Flume property situated in the White Gold District.
Source: http://www.bearingresources.ca/