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Bearing Announces Drill Results From the October Dome

Bearing Announces Drill Results From the October Dome Copper-Gold
Project, BC 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/12 -- Bearing
Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is
pleased to announce the drill results from the Company's 2012 drill
program at its 100% owned October Dome copper-gold project, located 6
kilometres west of the town of Likely, in the Cariboo Mining Division
of British Columbia. The October Dome copper-gold property forms part
of Bearing's larger landholdings in the area which are adjacent with
both Imperial Metals Corporation's Mount Polley porphyry copper-gold
mine property (10 kilometres to the south) and Barkerville Gold Mines
Ltd.'s QR skarn gold mine property (7 kilometres to the northwest).  
The 1,002 metre (4 hole) diamond drill program targeted a 400 metre
strike length of a 4 kilometre long gold and copper soil anomaly that
is coincident with an induced polarization ("IP") chargeability
anomaly. The target area is covered by overburden with limited
bedrock exposure of diorite and syenite intrusions and sedimentary
units. The area drill tested is covered by a layer of up to 3 metres
of glacial till. All four drill holes encountered diorite and
monzonite intrusions with minor hornfelsed sedimentary units and
intrusive dykes. Alteration in the drill holes is pervasive,
comprised of propylitic alteration with pyrite, epidote and rare
chalcopyrite overprinting an earlier episode of potassic alteration.
Gold values are elevated in all holes with the best results occurring
in hole OD-1 where a 6 metre interval returned 0.15% copper ("Cu")
with 0.46 gram per tonne ("gpt") gold ("Au"). Details of the recent
drilling are presented below. Drill intervals reported are core
lengths and true widths are not known. Collar locations are presented
at the end of this release.  


 
Table 1: Significant Intersections                                          
----------------------------------------------------------------------------
                        From          To      Length      Copper        Gold
Hole                (metres)    (metres)    (metres)       (ppm)       (ppb)
----------------------------------------------------------------------------
OD-1                     6.1       239.3       233.2         368         105
----------------------------------------------------------------------------
OD-1                      48          54           6        1454         455
----------------------------------------------------------------------------
OD-1                      74          94          20         977         175
----------------------------------------------------------------------------
OD-2  No significant results                                                
----------------------------------------------------------------------------
OD-3                      96         104           8         833         173
----------------------------------------------------------------------------
OD-4                     6.1         220       213.9         392          91
----------------------------------------------------------------------------
OD-4                      92         114          22        1066         137
----------------------------------------------------------------------------

 
The drill results may represent the discovery of a previously
unrecognised akalic-style porphyry copper-gold system in an area of
extensive glacial till cover. These types of porphyry deposits can be
zoned with gold dominant zones located at the outer extremities of
the propylitic alteration envelope, similar to the nearby QR gold
deposit, and with copper-gold zones located in the core of the system
associated with potassic alteration. The area tested by the 2012
drill program represents only 10% of the current 4 kilometre target.
Following compilation of the new drill results with existing
geophysical and geochemical data, Bearing will determine future
exploration plans for the project
QA/QC 
NQ size drill core was sampled in two-metre intervals with a manual
core splitter. One-half of the core was placed in sealed plastic bags
and delivered to Acme Analytical Laboratories Inc. ("Acme") in
Vancouver for crushing and pulverizing and then analysed following
aqua regia digestion by ICP-MS. As part of the company's QA/QC
(quality assurance/quality control) procedures, standards and blanks
were inserted into the sample batches. ACME is an ISO 9001-registered
laboratory and has a quality control program in place which includes
the insertion of standard, blank and duplicate samples, as well as
conducting repeat analyses. Field work and project management was
under the direct supervision of Robert Cameron, P.Geo., who is a
qualified person within the context of National Instrument 43-101.
Robert Cameron has read and takes responsibility for this news
release. 


 
Table 2: Drill Hole Locations                                             
--------------------------------------------------------------------------
Drill Hole     Easting  Northing   Elevation     Depth       Dip   Azimuth
--------------------------------------------------------------------------
OD-1            589995   5833171         893     239.3     -61.1      47.1
--------------------------------------------------------------------------
OD-2            589939   5833242         876     252.1     -61.1      47.1
--------------------------------------------------------------------------
OD-3            589823   5833360         843     246.0     -61.9      40.9
--------------------------------------------------------------------------
OD-4            589646   5833368         910     264.3     -59.8      45.2
--------------------------------------------------------------------------

 
About Bearing Resources 
Bearing is a Canadian based precious and base metal exploration
company with projects located in British Columbia, the Yukon and
Mexico. Bearing is exploring at the approx. 40,000 hectares Mapimi
gold-silver project located in the Altiplano Region of eastern
Durango, Mexico. The Company's Mount Polley and October Dome
copper-gold projects are located in British Columbia near Imperial
Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and
includes a production royalty on the Boundary property, with
Imperial. In the Yukon, the company has three projects optioned out
including the Flume Project where Ryan Gold Corp. has been granted a
right to earn up to 75% interest.  
BEARING RESOURCES LTD. 
Robert Cameron, President & CEO 
This news release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Such forward-looking
statements or information, including but not limited to, those with
respect to potential future and exploration potential of anomalies
and properties involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or
achievements of Bearing to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements or information. Such factors include,
among others, the actual prices of commodities, the factual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as
those factors disclosed in documents filed from time to time with the
securities regulators in the applicable Provinces of British Columbia
and Alberta.  
Neither 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. 
Contacts:
Bearing Resources Ltd.
Robert Cameron
(604) 682-5546
rcameronr@bearingresources.ca 
Bearing Resources Ltd.
Paul Reinhart
(604) 488-4907
preinhart@bearingresources.ca
www.bearingresources.ca
 
 
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