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Silver Bear has now received some of the early assay results with more pending laboratory completion. Highlights of early drill core assays include:. All above quoted drill core measurements are drill intersection lengths. See Table 1 for all current drill results.
Commenting on the early results, Mark Trevisiol , President and CEO of Silver Bear said, "We believe these results enhance our potential to expand our current Silver resources and reinforces management's belief that there are potentially numerous "satellite" deposits to augment our existing feed supply from our defined Vertikalny resource area.
This extra potential feed source is currently outside of the Preliminary Economic Assessment "PEA" released last year. Nizhny Endybal, is located approximately 3 kilometres from the Vertikalny deposit see figure 3. Interpretation of assay results from the drill-core is ongoing. The area remains open to the North East and to the South West.
The mineralization is exposed in the cliff face and drilling has identified additional mineralization. Figures 1 and 2 identify the volume of mineralization shapes in yellow as interpreted to date.
Silver Bear also completed an airborne geophysics study covering approximately square kilometres. The results are currently being compiled and analyzed. The Company expects a final report from its Geophysics contractor within the next month. Recently, the Company has received acceptance of its resource calculation at its Vertikalny Resource by Russian Federal authorities. This is a milestone for Silver Bear as it represents another step towards receipt of a mining license for its Vertikalny resource.
In parallel, for the prospective areas outside of the Vertikalny resource, Silver Bear has made application for an exploration license extension. Silver Bear expects results on this extension by Q4. This program includes chain of custody protocols as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.
Prior to analysis was carried out at Russian certified laboratories in Yakutsk and Aldan. Eng, of Tetra Tech formerly Wardrop , is the independent qualified person who prepared the mineral resource estimates disclosed herein, and has reviewed the scientific and technical information contained in this news release. Tetra Tech also completed the preliminary economic assessment "PEA" discussed in this news release, released by Silver Bear September 28, Mark Trevisiol , P.
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