- Maricunga Project
- Maricunga (DFS)
Vancouver, British Columbia – Bearing Resources Ltd. (the “Company” or “Bearing”) (TSX.V: BRZ) announces that it has entered into a property purchase agreement (the “Purchase Agreement”) with Golden Predator Mining Corp. (TSX.V: GPY; OTCQX:NTGSF) (“Golden Predator”) pursuant to which Golden Predator has agreed to purchase all of the Company’s interest in certain mineral claims (the “Claims”) located in the Upper Hyland River area in the southeast region of the Yukon Territory (the “Transaction”).
ON BEHALF OF THE BOARD
Signed "Jeremy Poirier"
Jeremy Poirier, Director President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier | Director President & CEO
Phone: + 1 604 722 9842
Neither the 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 of this release.
About Bearing Resources Ltd.
Bearing is an exploration and development company. On December 9, 2016, it entered into a Binding LOI agreement (the “Binding LOI”) with Li3 Energy Inc. to acquire the advanced advanced-stage Maricunga project located in Chile (the “Maricunga Project”), which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Binding LOI, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date.