Highlights:
13,710 ounces of gold produced during Q4 2022; a 23% increase in Mercedes production compared to Q3 2022 (see Bear Creek news release dated
New high-grade vein discovered by underground drilling in Marianas zone with an intersection of 89.1 grams per tonne ('g/t') gold and 192 g/t silver over 0.8 meters
Development work at Rey de Oro and Marianas progressed which will allow higher-grade zones to contribute to production in 2023
Drill Hole UG-MR22-114 intersected 0.8 meters grading 89.1 g/t gold and 192 g/t silver, marking the discovery of a new vein, and a second intercept of 3.0 meters grading 15.8 g/t gold and 151 g/t silver representing the extension, as projected, of a known vein. UG-MR22-114 was drilled from underground drilling station Bay 4 in Marianas. Additional drilling to test these veins will be conducted from Bay 5 in
Development work is ongoing in the Marianas,
Bear Creek will announce its 2022 fourth quarter financial results on or about
Contact:
VP
Corporate Communications
Direct: 604-628-1111
E-mail: barb@bearcreekmining.com
WEB: www.bearcreekmining.com
NI 43-101 Disclosure
Disclosure of a scientific or technical nature in this news release has been reviewed and approved by,
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements regarding: the potential contributions, and timing thereof, of future production from the Rey de Oro, Marianas and San Martin zones; 2023 drilling plans and anticipated results therefrom; 2023 development plans and the anticipated results therefrom; and the anticipated date of release of the Company's Q4 2022 financial results and conference call related thereto. These forward-looking statements are provided as of the date of this news release and reflect predictions, expectations or beliefs regarding future events based on the Company's expectations at the time the statements were made, as well as various assumptions made by and information currently available to them. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including, but not limited to the assumptions: that the location, scope and cost of the Company's planned development and operating activities will not differ materially from expectations. Although management considers these assumptions to be reasonable based on information available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and the risk exists that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions on which they are based do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the expectations expressed in them. These risk factors may be generally stated as the risk that the assumptions expressed above do not occur, but may include additional risks as described in the Company's latest Annual Information Form, and other disclosure documents filed by the Company on SEDAR. The foregoing list of factors that may affect future results is not exhaustive. Investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on behalf of the Company, except as required by law.
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