Silver Bear Resources Inc. announced results of its 2012 airborne geophysics program on its Mangazeisky property lease. A significant magnetic high anomaly was observed only 500 meters from the company's Vertikalny Silver deposit. This is in the same area where historical mineralization of gold, silver and copper has been identified.

In 2012, the company conducted airborne geophysical surveys covering an area of 310 square kilometres on the property. Electromagnetic (EM) and Magnetic geophysical surveys were flown by helicopter along east-west lines, at a nominal line spacing of 100 metres, and at an average altitude of 15 m. Some results of the Magnetic survey, including a significant magnetic high anomaly approximately 500 m east of the Vertikalny Silver deposit. Past geological work has identified porphyritic rock alterations in this area, specifically in rhyolite and plagiogranite samples taken from trenching excavations.

The high magnetic response supports these earlier interpretations of the geologic features of the area. Silver Bear has now termed this area of the property, the Porphyrovy prospect. Several trenches on the Porphyrovy prospect have revealed four quartz-carbonate-sulfide veins containing primarily gold and silver mineralization.