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Great Bear Receives Work and Drilling Permit for BA Project
Great Bear Receives Work and Drilling Permit for BA Project
About this update from Jayden Resources Inc
[{"type":"text","content":"\nGreat Bear Receives Work and Drilling Permit for BA Project\n\n\n Jun. 3, 2010 (TheNewswire.ca) -- Great Bear Resources Ltd. (\"Great Bear\")(CNSX:GBR) is pleased to announce it has received a work permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources (the \"MEMPR\") for its 2010 exploration program at the BA project in the Eskay Creek mining district near Stewart, northern British Columbia.2010xploration work at BA will include:-More than 17,000 metres of helicopter-supported diamond drilling at the BA project aimed at expanding the Main Zone mineralization in all directions and testing additional zones of silver-lead-zinc volcanogenic massive sulphide (VMS) mineralization across the property-Extensive prospecting and geological mapping of over 12 kilometres of the largely untested prospective strike length of the VMS-hosting horizon on the BA claims-More than 200 square kilometres of airborne VTEM geophysical surveying, operated by Geotech Ltd., currently underway over both the BA project and Surprise Creek claimsProspecting, mapping and geophysical surveying all aim to identify additional silver-rich VMS mineralization targets beyond the Main Zone mineralization, and will follow up on high-grade hand sample results previously collected at the BA project over 4 kilometres to the east of the Main Zone.Drilling, mapping and prospecting will commence as soon as weather and receding snow cover allow. Mobilization of crews and supplies into Stewart is currently underway.The BA Project and Surprise Creek Claims - A 17,250 Hectare Land PositionAs previously announced, Great Bear has entered into an Option and Joint Venture Agreement with Mountain Boy Minerals Ltd. (TSXV:MTB) (TSXV- MTB) to earn a 50% interest in the BA project by spending $5.5 M over four years, and can earn an additional 20% interest, for a total of 70%, by completing a Bankable Feasibility Study on or before December 31, 2015. Great Bear has also entered into an Option Agreement with Pinnacle Mines Ltd. (TSXV:PNL) (\"Pinnacle\")(TSXV: PCL) for the 100% acquisition of Pinnacle's Surprise Creek claims located immediately north of the BA project. In order to acquire the claims, the Company must pay $150,000 and issue 700,000 common shares by May 25th, 2012.The BA Project hosts a silver rich volcanogenic massive sulphide (VMS) system that...