VANCOUVER, Oct. 27, 2017 /CNW/ - Bear Creek Mining
Corporation (TSX Venture: BCM) ("Bear Creek" or the "Company")
announces that it has filed a Technical Report (as defined in
National Instrument 43-101) regarding the Company's Corani
Silver-Lead-Zinc property in Peru,
entitled "NI43-101 Technical Report, Corani Project Detailed
Engineering Phase 1 (FEED)" (the "2017 Corani Technical
Report"). The 2017 Corani Technical Report is dated effective
September 13, 2017 and was prepared
on behalf of the Company by Sedgman Chile SpA, with contributions
from other mining and engineering consulting firms.
The 2017 Corani Technical Report supports and augments the Phase
1 Detailed Engineering results contained in the Company's news
release issued on September 15, 2017
(the "September 15, 2017 News
Release"). There are no material differences between the scientific
and technical disclosure contained in the September 15, 2017 News Release and the 2017
Corani Technical Report, both of which are available to the public
on SEDAR (www.sedar.com) and on the Company's website
(www.bearcreekmining.com).
On behalf of the Board of Directors,
Anthony Hawkshaw
President and CEO
National Instrument 43-101 Disclosure
The 2017 Corani
Technical Report was prepared by a team of independent Qualified
Persons (or "QP"s, as defined in National Instrument 43-101)
including: Juan Carlos Tapia, ChE,
IMCh, PE of Sedgman, responsible for Summary, Introduction,
Reliance on Other Experts, Recovery Methods, Interpretations and
Conclusions, Recommendations and References; Kevin Gunesch, PE,
Principal Mining Engineer of GRE, responsible for Property
Description and Location, Accessibility and Infrastructure,
History, Mining Methods and Market Studies; Jennifer Brown, PG, SME-RM, an associate of GRE,
responsible for Geological Setting and Mineralization, Deposit
Types, Exploration, Drilling, Sample Preparation and Analysis, Data
Verification and Adjacent Properties; Rick
Moritz, MMSA, Principal Mining Engineer of GRE, jointly
responsible for Mineral Processing and Metallurgical Testing;
Deepak Malhotra, PhD, MMSA,
Independent Consultant, jointly responsible for Mineral Processing
and Metallurgical Testing; Terre
Lane, MMSA, Principal Mining Engineer of GRE, responsible
for Mineral Resource Estimates, Economic Analysis, Other Relevant
Data and Information and jointly responsible for Mineral Reserve
Estimates and Mining Methods; Denys Parra, PE, Independent
Consultant, jointly responsible for Mineral Reserve Estimates,
Environmental Studies, Permitting and Social or Community Impact
and Mining Methods; Gregory Wortman,
BE (Metallurgy), PE, of Sedgman, jointly responsible for Project
Infrastructure; Larry Breckenridge, PE, Principal Environmental
Engineer of GRE, jointly responsible for Environmental Studies,
Permitting and Social or Community Impact and Project
Infrastructure; and, Michal Short,
BE (Civil), CEng FIMMM, FAusIMM(CP), FIEAust, CPEng, of GBM,
responsible for Capital and Operating Costs. Each of these
individuals has read and consented to the use, public disclosure
and filing of the scientific and technical information contained in
the September 15, 2017 news release,
and has read, certified their participation in and consented to the
filing of the 2017 Corani Technical Report.
Caution Regarding Forward Looking Information
This
news release refers to documents that contain forward-looking
information and forward-looking statements related to future events
or future performance and reflecting current estimates,
predictions, expectations or beliefs regarding future events
regarding the Corani deposit and the proposed Corani mining
operation, and include, without limitation, statements with respect
to: the estimated amount of mineral reserves and mineral resources;
the amount of future production over any period; the net present
value and internal rates of return; capital costs, including
start-up, sustaining capital and reclamation/closure costs;
estimated operating costs, including credits from the sale of
silver, lead and zinc; striping ratios and mining rates; expected
metal grades and payable ounces and pounds of metals and minerals;
expected processing recoveries; expected time frames; prices
of metals and minerals; mine life; timing of the Company's
application for the Corani Construction Permit; the pace and
potential outcome of Corani project financing efforts; and the
timing of a possible Corani Project construction decision. Certain
of these forward-looking statements are contingent upon various
assumptions, including that the Phase 1 Detailed Engineering
results will provide sufficient information for the Construction
Permit application; that cost estimates used in the Phase 1
Detailed Engineering are reasonably accurate; that all necessary
permits will be secured in a timely manner; that adequate project
financing for the Corani project will be secured at the appropriate
time(s) and on reasonable terms; that all necessary regulatory
approvals and third party consents will be obtained without undue
delay; and, the continuity of the price of silver, lead, zinc and
other metals, as well as economic and political conditions and
operations. This forward-looking information is provided as of the
date of this news release, or the effective date of the documents
referred to in this news release, as applicable, and reflects
estimates, predictions, expectations or beliefs regarding future
events and is based on the Company's or its consultants' beliefs at
the time the statements were made, as well as various assumptions
made by and information currently available to them. Although
management considers these assumptions to be reasonable based on
information available to it, they may prove to be incorrect. By
their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and risks exist
that estimates, forecasts, projections and other forward-looking
statements will not be achieved or that assumptions on which they
are based do not reflect future experience. We caution readers not
to place undue reliance on these forward-looking statements as a
number of important factors could cause the actual outcomes to
differ materially from the expectations expressed in them. These
risk factors may be generally stated as the risk that the
assumptions and estimates expressed above do not occur, but
specifically include, without limitation, risks relating to
variations in the mineral content within the material identified as
mineral reserves and mineral resources from that predicted;
variations in rates of recovery and extraction; developments in
world metals and minerals markets; risks relating to fluctuations
in the Canadian dollar relative to other currencies; increases in
the estimated capital and operating costs or unanticipated costs;
difficulties attracting the necessary work force; increases in
financing costs or adverse changes to global market conditions and
the terms of available financing, if any; tax rates or royalties
being greater than assumed; changes in development or mining plans
due to changes in logistical, technical or other factors, changes
in project parameters as plans continue to be refined; risks
relating timing and to receipt of regulatory approvals; adverse
changes to government approval processes; the effects of
competition in the markets in which the Company operates;
operational and infrastructure risks; and the additional risks
described in the Company's latest Annual Information Form, annual
financial statements and management's discussion and analysis and
in the feasibility study entitled "NI43-101 Technical Report,
Corani Project Detailed Engineering Phase 1 (FEED)"dated effective
September 13, 2017.The foregoing list
of factors that may affect future results is not exhaustive. When
relying on our forward-looking statements, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. The Company does not undertake
to update any forward-looking statement, whether written or oral,
that may be made from time to time by the Company or on behalf of
the Company, except as required by law.
The 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.
SOURCE Bear Creek Mining Corporation