Bear Creek Mining Corp. (BCM.V) announced the acquisition of the Carito and Maria Jose gold targets in Peru. Carito is located in northern Peru within the prolific Antamina-Magistral thrust fault belt, Ancash Department. Maria Jose is located in the Department of Ancash, 140 kilometres NNW of Lima.
The company also reports that it is on schedule for the Corani public audiences, expected to occur in April, and considered to be the most important public hearings required for the approval of the Environmental and Social Impact Assessment submitted in December 2012.
Andrew Swarthout, Chief Executive Officer, states: "The projects offer potential for high-grade, gold veins and near-surface, disseminated gold mineralization in areas with excellent infrastructure and good community relations. We anticipate drilling to commence on both projects in the second half of 2013, pending permit approvals."
BCM shares were unchanged at $2.85.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
