Wallbridge Mining Company Limited press release
GREAT BEAR ANNOUNCES COMPLETION OF BA PROJECT OPTION AGREEMENT. GBR ALSO ANNOUNCES APPOINTMENT OF MR. ARCHIBALD NESBITT AS DIRECTOR
TSX - Toronto Stock Exchange · Gold · Canada
Feb. 5, 2010 (TheNewswire.ca) --
Great Bear Resources Ltd. ("Great Bear" or the " Company")(CNSX:GBR) is pleased to announce that the Option Agreement for the BA claims as previously announced on January 12, 2010 has been completed. Great Bear has an option to earn up to a 70% interest in a joint venture with Mountain Boy on the BA Claims and George Copper Claims, which together comprise the BA Project.
Mountain Boy Minerals Ltd. ("Mountain Boy"), in a News Release dated January 21, 2010, (TSXV : MTB) has released results from its 2008 drill program at the BA Project in northern British Columbia. Highlights include a 6.1 metre interval returning 494.45 g/t silver, 2.08% lead and 2.25% zinc.
The BA Project
The BA Project is located 30 km east of Stewart, British Columbia, straddling paved highway 37A on the north flank of Cambria Peak, within the same stratigraphic horizon which hosts the Eskay Creek mine. The host rocks are part of the upper Hazelton Group of the Stikine terrane, which comprises a series of Middle Jurassic bimodal volcanics deposited in a back-arc basin. The zinc-lead-silver mineralization is part of an exhalative volcanogenic massive sulfide (VMS) style, base and precious metal mineralization system. Mineralization has been mapped over a strike length of approximately 12 km at the BA Property.
In addition, the Company is pleased to announce the appointment of Mr. Archibald Nesbitt as a director of the Company. Mr. Nesbitt has a Bachelor of Laws Degree from the University of Western Ontario (1976) and a Bachelor of Commerce With Honours Degree from Queen's University(1973) . He has been an active member of the Law Society Of Alberta since 1978. Mr. Nesbitt was a founding member or senior officer and director of a number of publicly trading mining exploration companies, active internationally. Currently Mr. Nesbitt is a member of the Board of Directors of Abacus Mining & Exploration Ltd. ("AME"-TSXV), Golden Band Resources Ltd. ("GBN"-TSXV) and Northpine Energy Ltd. a private Alberta oil and gas corporation. Mr. Nesbitt replaces Mr. Brian Thurston, who has resigned. The Board thanks Mr., Thurston for his service to the Company. 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. Donald Gee, C.A., President at 604-681-0037.
ON BEHALF OF THE BOARD Investor Relations
Phone: 1.877-681-0037
Fax: 604.681.0094
"Donald Gee"
Donald Gee, President and CEO
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