VANCOUVER, July 20,
2015 /CNW/ - Bear Creek Mining Corporation (TSX Venture:
BCM) ("Bear Creek" or the "Company") announces that it has filed a
technical report entitled "Optimized and Final Feasibility Study,
Corani Project, Puno, Peru, Form
43-101F1 Technical Report" in respect of the Company's Corani
Silver-Lead-Zinc property in southern Peru (the "Technical Report"). The Technical
Report is dated effective May 30,
2015 and was authored by M3 Engineering and Technology
Corporation of Tucson, AZ with
input from Global Resource Engineering of Denver, CO and others.
The Technical Report augments the disclosure
contained in the Company's news release issued on June 2, 2015 (the "June 2,
2015 News Release") and is available under the Company's
issuer profile on SEDAR at www.sedar.com and on the Company's
website www.bearcreekmining.com.
On behalf of the Board of Directors,
Andrew
Swarthout
President and CEO
Caution Regarding Forward Looking
Information
This news release refers to documents that
contain "forward-looking information" within the meaning of
Canadian securities legislation and "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (collectively "forward-looking
statements"). Forward-looking statements are made as of the date of
this news release or as of the date or the effective date of
information described in this news release, as applicable.
Forward-looking statements relate to future events or future
performance and reflect current estimates, predictions,
expectations or beliefs regarding future events and include,
without limitation, statements with respect to: (i) the amount of
mineral reserves and mineral resources; (ii) the amount of future
production over any period; (iii) net present value and internal
rates of return of the proposed mining operation; (iv) capital
costs, including start-up, sustaining capital and
reclamation/closure costs; (v) operating costs, including credits
from the sale of silver, lead and zinc; (vi) strip ratios and
mining rates; (vii) expected grades and payable ounces and pounds
of metals and minerals; (viii) expected processing recoveries; (ix)
expected time frames; * prices of metals and minerals; and (xi)
mine life. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects",
"anticipates", "plans", "projects", "estimates", "envisages",
"assumes", "intends", "strategy", "goals", "objectives" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements.
All forward-looking statements are based on the
Company's or its consultants' current beliefs as well as various
assumptions made by and information currently available to them.
These assumptions include, without limitation: (i) the presence of
and continuity of metals at the project at modeled grades; (ii) the
capacities of various machinery and equipment; (iii) the
availability of personnel, machinery and equipment at estimated
prices; (iv) exchange rates; (v) metals and minerals sales prices;
(vi) appropriate discount rates; (vii) tax rates and royalty rates
applicable to the proposed mining operation; (viii) financing
structure and costs; (ix) anticipated mining losses and dilution; *
metals recovery rates, (xi) reasonable contingency requirements;
and (xiii) receipt of regulatory approvals on acceptable terms.
Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to
be incorrect. Many forward-looking statements are made assuming the
correctness of other forward looking statements, such as statements
of net present value and internal rate of return, which are based
on most of the other forward-looking statements and assumptions
herein. The cost information is also prepared using current values,
but the time for incurring the costs will be in the future and it
is assumed costs will remain stable over the relevant period.
By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts,
projections and other forward-looking statements will not be
achieved or that assumptions 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 beliefs,
plans, objectives, expectations, anticipations, estimates
assumptions and intentions expressed in such forward-looking
statements. These risk factors may be generally stated as the risk
that the assumptions and estimates expressed above do not occur,
but specifically include, without limitation, risks relating to
variations in the mineral content within the material identified as
mineral reserves and mineral resources from that predicted;
variations in rates of recovery and extraction; developments in
world metals and minerals markets; risks relating to fluctuations
in the Canadian dollar relative to other currencies; increases in
the estimated capital and operating costs or unanticipated costs;
difficulties attracting the necessary work force; increases in
financing costs or adverse changes to global market conditions and
the terms of available financing, if any; tax rates or royalties
being greater than assumed; changes in development or mining plans
due to changes in logistical, technical or other factors, changes
in project parameters as plans continue to be refined; risks
relating timing and to receipt of regulatory approvals; adverse
changes to government approval processes; the effects of
competition in the markets in which the Company operates;
operational and infrastructure risks; and the additional risks
described in the Company's Annual Information Form, annual
financial statements and management's discussion and analysis for
the year ended December 31, 2014 and
in the feasibility study entitled "Optimized and Final Feasibility
Study, Corani Project, Puno, Peru,
Form 43-101F1 Technical Report" dated May
30, 2015.The foregoing list of factors that may
affect future results is not exhaustive.
When relying on our forward-looking
statements, 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.
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.
SOURCE Bear Creek Mining Corporation