Top Silber Aktie- BEAR CREEK MINING CORPORTION

Meanwhile, Bear Creek officials told analysts Corani "is a much larger project" and is being touted by the company as a "world class silver deposit," which will require more capital than Santa Ana.  The two deposits combined contain over 400 million ounces of silver in reserves and resources.

A September 2009 pre-feasibility study envisions a US$339 million project with an average annual production of 6.4 million ounces of production over a 27-year mine life, plus byproduct lead and zinc production.

The Corani feasibility study is scheduled to be completed in 2011. Mine production is expected to commence in 2014.

Both Corani and Santa Ana are located in the Department of Puno in Peru.

Bear Creek is also looking at the feasibility of building a second Peruvian mine, the Corani, which is expected to cost about $400 million to develop and will likely produce about 15 million ounces of silver annually. Production there is expected to start in 2014.

“At today’s silver price, Santa Ana will throw out about $100 million per year in free cash flow,’’ said McLeod-Seltzer.

It is cash flow that could enable Bear Creek to go it alone in developing Corani and quickly make the transition from being a pure exploration play to become a fully fledged mining company.

If everything goes according to plan, McLeod-Seltzer said the company will have the production stream to rival Pan American Silver Corp. (TSX: T.PAA, Stock Forum) and (NASDAQ: PAAS, Stock Forum), a company with silver mines in Peru, Mexico and Bolivia.

“There is nobody else in this space that has that kind of growth profile, with technically low risk projects, located in a politically secure, mining friendly jurisdiction.’’

But as Bear Creek moves to establish itself as a silver producer in Peru, McLeod-Seltzer is already looking ahead to her next mining play.

She is part of well known group of mining industry officials who are on the board of Troon Ventures Ltd. (TSX: V.TVN, Stock Forum), a shell company with about $10 million in cash.

McLeod-Seltzer and her fellow board members, including former Lundin Mining Corp. (TSX: T.LUN, Stock Forum) chief executive officer Colin Benner, are focused on finding a viable project to develop.

“We are pretty picky and have all the time in the world,’’ she said. “You can bet that with this group, when we acquire a project, it will be a good one.’’

A member of a prominent Vancouver mining family, McLeod-Seltzer is clearly well connected. Aside from being Chairman of Bear Creek, she is also Chairman and director of Pacific Rim Mining Corp. (TSX: T.PMU, Stock Forum), a lead director at Stornoway Diamond Corp. (TSX: T.SWY, Stock Forum) and a director of Kinross Gold Corp. (TSX: T.K, Stock Forum).

She is also a large shareholder of Lundin Group company Lucara Diamond Corp. (TSX: V.LUC, Stock Forum).

But she credits her success to teamwork and an ability to locate and work with proven mine finders such as Arequipa co-founder David Lowell and Bear Creek President Andrew Swarthout.

“I don’t run the day to day,’’ she said. “But I’m there as a resource, on the marketing, the strategy and the money raising side of things,’’ she said.

Catherine McLeod-Seltzer Bio

Catherine McLeod-Seltzer is Chairman of Bear Creek Mining Corp. and is best known for co-founding Arequipa Resources Ltd., a company that was sold to Barrick Gold Corp. for $1.1 billion in 1996. She has raised $600 million in working capital for mining exploration in the past 25 years.

Andrew Swarthout, President and CEO of Bear Creek, states "We are encouraged with the success rate including four drill holes containing significant silver mineralization in our first round of widely spaced drilling in this very large target area. These positive early stage results along with multi-phase nature of the volcanic diatreme complex at Tassa as well as the presence of similar host sediments to the nearby Chucapaca gold discovery of Goldfields and Buenaventura provide significant potential to discover additional higher grade silver and gold zones within the largely untested property position and highly metal-endowed geologic environment."

The Company's 100% controlled Tassa silver-gold prospect is located approximately 16 kms north-west from Chucapaca, currently under exploration by the Goldfields - Buenaventura joint venture where ,in a very similar geologic and geochemical setting, reported resources are 83.7 MT averaging 1.9 g/t Au and 8.2 g/t Ag.. Reportedly, the higher-grade gold mineralization at Chucapaca was "blind" and drilling initially returned silver-rich intercepts before the gold deposits were discovered.

The target at Tassa is a 1.5 km by 800 meters silver/gold anomaly where 852 rock chip samples (including trenches) to date average 30.71 g/t silver. An Induced Polarization survey defined several high chargeability anomalies, which seems to be related to increased fine black sulfides which contain elevated levels of silver and gold. To date, Phase I drilling has intersected mineralization contained within multiple phases of phreatic, hydrothermal, tectonic and phreatomagmatic breccias, strongly fractured rhyolitic volcanics, and brecciated sediments.

Phase II drilling, expected to commence in Q2, 2011, will consider testing deeper in the system where favorable sedimentary formations hosting the Chucapaca mineralization are believed to exist, the borders of the diatremes in contact with sediments, and new targets generated by mapping and soil and rock geochemical sampling over the northernmost three kms of the concessions where the mineralization may be open beneath outcropping Yura quartzite.

Mineragraphic and Mineral Liberation Analysis (MLA) work establishes the main silver mineral as argentite associated with multiple mineralizing events. Seven recent bottle roll tests performed at ALS Chemex labs for cyanide extraction show Ag- Au recoveries above 70% where copper content is low; however, when copper exceeds 0.2% Cu (approximately 10% of the samples tested), recoveries tend to be lower. Earlier bottle roll tests on six samples resulted in recoveries of up to 85% silver and 95% gold (see News Release dated 7 January 2010). The high cyanide recoveries of silver and gold allow consideration of low-cost open pit mining and heap or vat leach recovery; however, the focus of the current program is to expand the higher-grade intercepts, discover higher gold to silver ratio mineralization, and develop additional targets within the district. To view maps and sections directly please click on: bearcreekmining.com/i/pdf/Tassa-Maps-Sections-Dec6-2010.pdf

Other News:

In other exploration news, four drill holes totaling 694 meters were completed at the Campanario project. Although numerous intervals of anomalous gold values were encountered, the results indicate that a bulk tonnage deposit is very unlikely. The Company's option agreement is being terminated and no further work is planned.

Consistent with the Company's aggressive generative exploration philosophy, several additional prospects in the portfolio are being evaluated for future drilling or acquisition.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Regulatory footnotes:

All of Bear Creek's exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Marc Leduc, P. Eng., COO, Christian Rios, P.Geo. Exploration Manager and the President and CEO, Andrew Swarthout, P.Geo., who serve as the Qualified Persons under the definitions of NI 43-101. All diamond drilling has been performed using HQ diameter core with recoveries averaging greater than 95%. Core is logged and split on site under the supervision of Bear Creek geologists. Sampling is done on two-meter intervals and samples are transported by Company staff to Arequipa, Peru for direct shipping to ALS Chemex, Laboratories in Lima, Peru. ALS Chemex is an ISO 9001:2000-registered laboratory and is preparing for ISO 17025 certification. Silver, lead, and zinc assays utilize a multi-acid digestion with atomic absorption ("ore-grade assay method"). The QC/QA program includes the insertion every 20th sample of known standards prepared by SGS Laboratories, Lima. A section in Bear Creek's website is dedicated to sampling, assay and quality control procedures.

Certain disclosure in this release, including management's assessment of Bear Creek's plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bear Creek's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. These risks, uncertainties and other factors are disclosed in Bear Creek's continuous disclosure filings with Canadian securities regulators including its most recent annual information form, available on www.sedar.com/. Bear Creek expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Note: T-5, T-7 and T-14 had no significant Ag mineralization but total depth includes those holes.

Bear Creek Mining Corporation

Seit dem 28. Juli ist Humala im Amt - und "die virtuelle Panik hat sich gelegt", sagt Jörg Zehnle, Chef der deutsch-peruanischen Handelskammer in Lima, "jetzt zählen wieder Zahlen und Fakten." Humala hat Unternehmer in sein Kabinett geholt, Staatsunternehmen sollen sich teils über die Börse finanzieren. Die Bergbauindustrie hat höhere Abgaben ohne Murren geschluckt. Kein einziges Freihandelsabkommen sei in Gefahr, "wir stehen zu unserer Unterschrift", versprach der Staatschef kürzlich ausländischen Wirtschaftsvertretern.

Denn deren Unterstützung braucht er, wenn er die schreienden sozialen Missstände des Landes durch den Aufbau eigener Wertschöpfung nach dem Motto "Produktion statt Almosen" auflösen will. "Humalas Schwerpunkt auf Sozialpolitik ist ja nur zu begrüßen", sagt Zehnle. Deutschland exportiere nun nicht nur Maschinen nach Peru, sondern auch "unser Modell der sozialen Marktwirtschaft".

Wirtschaft brummt trotz harter Währung

So punktet Humala selbst bei Rating-Agenturen. Fitch bemerkte unlängst, Peru sei in seiner Bewertungsklasse Spitzenreiter. Standard&Poors hob die Kreditwürdigkeit des Landes von "BBB-" auf "BBB" an; eine Abkehr vom marktwirtschaftlichen Kurs sei nicht zu befürchten. Die USA und Europa ächzen unter ihrer Schuldenlast, in Peru liegt die Verschuldung dagegen nur bei gut einem Fünftel des Bruttoinlandsprodukts, und die Inflation derzeit bei kaum spürbaren 0,27 Prozent.




Und die peruanische Wirtschaft brummt trotz harter Währung. Peru ist der größte Silberproduzent, der zweitgrößte Kupferlieferant und in Lateinamerika führend bei Gold, Zink und Blei. Diese Branche steht für 60 Prozent der Exporte Perus und ist die Basis des Wirtschaftswachstums von knapp 9 Prozent im vergangenen Jahr, dem in diesem Jahr voraussichtlich gut 6 Prozent folgen. Gigantische Investitionen stehen an: 51 Millarden Dollar sind für Infrastrukturprojekte, von einer Gaspipeline über Wasserkraftwerke bis zum Nahverkehr verplant. Minenkonzerne haben für die fünfjährige Amtszeit Humalas 30 Milliarden Dollar an Investitionen angekündigt.

Chancen, die sich deutsche Unternehmen nicht entgehen lassen. 35 deutsche Bergbaufirmen reisen zur Extemin an - zusätzlich zu den 20 schon in Peru vertretenen. Stahlunternehmen und Logistiker, Maschinen- und Anlagenbaür von ThyssenKrupp bis Siemens, von Herrenknecht bis Hamburg Süd bauen ihr Peru-Geschäft aus. Hochtief ist am Bau eines Wasserkraftwerks beteiligt. Drei Tage nach Humalas Amtsantritt eröffnete der Medizintechniker Dräger eine Niederlassung in Lima. Bosch und der Maschinenbauer Samson haben gerade neue Vertriebszentren aufgemacht. Faber-Castell plant für seine Buntstiftkollektionen eine weitere Nobelboutique und erweitert seine Produktion vor Ort. In Limas Touristenviertel Miraflores ist für Mitte kommenden Jahres ein ganzer Strassenzug mit neuen Flaggship-Stores von Luxusmarken wie Hugo Boss projektiert.

"2010 war uns ein Rekordjahr, und 2011 wird wieder eines", sagt Zehnle. Im ersten Halbjahr seien die Ausfuhren nach Deutschland - vor allem Rohstoffe - um 35 Prozent auf 838 Millionen Dollar gestiegen, die Einfuhren aus Deutschland um gut 26 Prozent auf mehr als eine halbe Milliarde Dollar.