Bear Lake Gold Ltd (2)
Symbol§C : BLG
Shares Issued 136,381,545
Close 2011-11-24 C$ 0.09
Recent Sedar Documents
Bear Lake drills 2.6 m of 5.6 g/t Au at Larder Lake
2011-11-29 12:45 ET - News Release
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Mr. Francois Viens reports
BEAR LAKE GOLD ANNOUNCES DRILLING RESULTS AT LARDER LAKE-GOLD MINERALIZATION EXTENDED AT CHEMINIS
Bear Lake Gold Ltd. has released the results of the first six holes of a 15,000-metre drilling program at its Larder Lake gold project located on the prolific Cadillac-Larder Lake break in the mining district of northeastern Ontario. Hole 93W intersected 5.6 grams per tonne gold over 2.6 metres and confirmed the extension of the D zone to the east. Additional drilling is planned to further investigate the continuity of the zone. Drilling results Two diamond drills are active at Larder Lake. One drill is testing the extension of the resources of the Cheminis zone and one drill is investigating the extension of the resources at the Bear Lake zone. Six holes totalling 3,374 m of drilling are completed at Cheminis and one hole totalling 894 m is completed on the Bear Lake zone. Results are pending on the Bear Lake hole.
Results available to date are available on-line. Most holes tested the extension of the D and NCB zones, two of the largest mineralized zones holding gold resources at Cheminis. Hole 93W drilled to the east of the D zone intersected 5.6 g/t gold over 2.6 m and confirmed the extension of the high-grade mineralization. It is located at the eastern edge of the resource estimation model and the company believes that it should have a positive impact on the resources. Holes 89 to 92 are located outside the western limit of the resource estimation model and intersected lower grade mineralization. However, grades obtained in these holes may potentially indicate the presence of lower-grade mineralized horizons intercalated within higher-grade lenses and additional drilling is required in this area to investigate the presence of higher-grade lenses. Some holes also intersected lower-grade mineralization in the SS zone. Additional drilling is planned to investigate the presence of higher-grade mineralization associated to the SS zone.
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