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Bearing Resources begins drilling programme at Mexican gold-copper project

19 April 2012

Bearing Resources has begun a 1,200m drill programme at its Parrandera gold-copper project located in the Mapimi region of Durango, Mexico.

A total of six to eight drill holes will be undertaken as part of the drill programme, which will test the intrusion-related precious and base metal mineralisation at the Parrandera target.

A 1,500m by 500m anomaly has been so far been identified by prospecting, soil geochemical sampling and an induced polarisation (IP) survey at the site.

The anomaly comprises of a coincident gold, copper and zinc soil anomaly with partially coincident IP chargeability highs located within areas of historical pitting and tunnelling.

The company said its exploration efforts in Mexico target precious and base metal-rich systems analogous to the Goldcorp's Penasquito and Camino Rojo deposits.

The drilling programme is expected to be completed next month.