Great Bear Adds Key Technical Expertise and Increases Land Position at Perdito Project
January 29 2014 - 8:00AM
Access Wire
January 29, 2014 - Great Bear Resources Ltd. (TSX-V: GBR,
"Great Bear", or the "Company") provides an update on recent
positive developments at the Perdito Project, Inyo County,
California. The Company is pleased to announce:
-The addition of Mr.
Mark Reischman to the Company's Technical Advisory team. Mr.
Reischman adds key expertise to the Great Bear team, as he operated
the Perdito project for BHP Ltd. (NYSE: BHP, "BHP") in the late
1990's and discovered the Dragonfly oxide gold target at that time.
Mr. Reischman is a professional geologist with over 25 years'
experience involving epithermal and mesothermal gold systems in the
Southwestern United States, including at Atna Resources' (TSX-V:
ATN) Briggs mine, which is also located in Inyo county, California,
and the Bullfrog North deposit currently being explored by Corvus
Gold (TSX: KOR) in Nye county, Nevada.
-The Company has
retained Mr. Brock Riedell to map and geologically model various
high priority areas of the project. Mr. Riedell, an expert in
porphyry copper-molybdenum-gold systems, has more than thirty
years' experience with the discovery, exploration and delineation
of gold and porphyry projects for various major, mid-tier and
junior mining companies. He currently serves on the Technical
Advisory Board of Redhawk Resources (TSX: RDK), and regularly
consults on the exploration and development of Redhawk's Copper
Creek copper-molybdenum project in Arizona. Results of Mr.
Riedell's work will be used to assist with planning of upcoming
work including selection of new drill targets.
-The Company has
retained Mr. Pat Gochnour to assist with the Company's drill
program permitting with Bureau of Land Management (BLM). Mr.
Gochnour is a leading independent expert with over 30 years'
experience in the mine development and exploration permitting
fields and has been active across the United States including
California on behalf of a number of major, mid-tier and junior
mining companies.
-The Company has
added to the Perdito project land position with an additional 19
claims covering approximately 150 hectares. The new claims extend
the main claim block to the northwest, in order to control a number
of at-surface copper showings adjacent to the Stegosaurus Ridge
copper porphyry target. Results from an extensive suite of bedrock
geochemical samples are pending from this area. The main claim
block now covers an approximately 3950 hectare area.
-The Company has
submitted its Phase 1 drill proposal to the Bureau of Land
Management. Phase 1 drilling will occur in 2014 and will include
rehabilitation of the drill access road originally constructed
during the late 1990's by BHP, and approximately 2500 metres of
drilling of high priority oxide gold targets in the Discovery and
Dragonfly areas.
The Company continues
to explore the Perdito project through its ongoing field program
and also through the digitization, computer modeling and
interpretation of the large volume of historic data generated by
the project`s historic operators BHP Ltd., Newmont Mining Corp.
(NYSE: NEM), Asamera Minerals Inc. and Mobil Corp.'s Exploration Group.
Mr. Chris Taylor, M.Sc. P.Geo, is
the Qualified Person as defined by National Instrument 43-101
responsible for the accuracy of this news release.
For further information please
contact Mr. Chris Taylor, P.Geo, President and CEO at
604-681-0037.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President and
CEO
Inquiries:
Tel: 604-681-0037
Fax: 604-681-0094
info@greatbearresources.ca
www.greatbearresources.ca
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 o this release.
This new release
may contain forward-looking statements. These statements are based
on current expectations and assumptions that are subject to risks
and uncertainties. Actual results could differ materially because
of factors discussed in the management discussion and analysis
section of our interim and most recent annual financial statement
or other reports and filings with the TSX Venture Exchange and
applicable Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements.
We seek safe
harbor
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