Bear Lake drills 1.5 m of 15.1 g/t gold at Larder Lake
2009-03-26 News Release
BEAR LAKE GOLD HITS DEEP HIGH-GRADE GOLD VALUES ON ITS BEAR LAKE GOLD ZONE AT LARDER LAKE, ONTARIO
Bear Lake Gold Ltd. has released new results from the follow-up drilling program on its 100-per-cent-owned Bear Lake gold zone of the Larder Lake project located in Northeastern Ontario. Deepening of hole No. 57A intersected, at a vertical depth of 1,550 metres, a 1.5-metre section of flow-type mineralization grading 15.1 grams per tonne gold. This intercept is located 750 metres down dip and 350 metres to the east of hole No. 24AW, which intersected 5.8 metres grading 3.0 grams per tonne gold, including 10.2 grams per tonne of gold over 1.4 metres.
"This is the deepest intersection obtained so far on the Bear Lake zone," said Francois Viens, president and chief executive officer of Bear Lake Gold. "These high-grade gold values obtained at depths in excess of 1.5-kilometre show the intensity and great potential of the mineralized system still open in all directions. We will now concentrate work in the higher-grade zone within the heart of the Bear Lake zone with the objective of completing a 43-101 resource estimation as soon as possible."
Hole No. 57A also intersected, at 1,200 metres vertical depth, 3.5 metres of strongly altered carbonate-type mineralization grading 4.9 grams per tonne gold, including 1.5 metres grading 7.5 grams per tonne gold.
Other new intercepts include hole No. 49 which cut 6.7 metres of flow-type mineralization grading 1.4 grams per tonne gold, including a 2.2-metre section which returned 2.0 grams per tonne gold. Hole No. 59 intersected two zones of strongly altered carbonate-type mineralization at 1,100 metres vertical which returned grades of 1.7 grams per tonne gold over 3.5 metres, including 2.5 grams per tonne gold over 1.5 metres and 2.9 grams per tonne gold over 3.0 metres, including a 1.0-metre section which yielded 8.4 grams per tonne gold. Hole No. 59 also intersected two zones of flow-type mineralization at 1,200 metre depth, which returned grades of 1.5 grams per tonne gold over 1.1 metres and 2.3 grams per tonne gold over 2.8 metres, including 1.4 metres grading 3.3 grams per tonne gold.
HIGHLIGHTS OF RECENT DRILLING RESULTS AT BEAR LAKE
Core
From To length Au
Hole No. (m) (m) (m) (g/t) Mineralization type
NFX08-49 1033.5 1040.2 6.7 1.4 Flow-type
(deepening)
Including 1038.0 1040.2 2.2 2.0
NFX08-57A 1350.0 1353.5 3.5 4.9 Carbonate-type
Including 1350.0 1351.5 1.5 7.5
1636.5 1638.0 1.5 15.1 Flow-type
BLG08-59 1133.0 1136.5 3.5 1.7 Carbonate-type
Including 1133.0 1134.5 1.5 2.5
1405.0 1408.0 3.0 2.9 Carbonate-type
Including 1406.0 1407.0 1.0 8.4
1451.5 1452.6 1.1 1.5 Flow-type
1466.8 1469.6 2.8 2.3 Flow-type
Including 1466.8 1468.2 1.4 3.3
At the former Kerr Addison mine, located five kilometres to the east, the ore was confined within high-grade shoots of limited strike length not exceeding 200 metres. By analogy with the Kerr Addison ore zones, similar gold-mineralized shoots occur at Bear Lake within both the carbonate-type and flow-type mineralized zones. The highly anomalous gold values intersected in holes 49, 57A and 59, coupled with the strong alteration encountered in all the holes drilled to date below 500 metres, clearly demonstrate that a strong gold mineralized system is still open down to depths exceeding 1,500 metres. Additional drilling of the Bear Lake zone is required to establish the size and extent of the high-grade gold shoots within this very extensive gold mineralized envelope with the objective of reporting an initial resource estimate once sufficient drilling and data completed.
Project update
Bear Lake Gold has three drills working at Larder Lake. Recently, the company's drilling contractor successfully drilled through a bad ground area associated with a fault located about halfway between the carbonate and flow mineralized zones at Bear Lake. This fault was responsible for the abandonment of several deep drill holes in the past. These missing intercepts are important for a thorough evaluation of the Bear Lake zone. Bear Lake Gold is currently returning to previously abandoned holes to deepen them and test the second mineralized zone. While two drills concentrate on defining and expanding the Bear Lake zone, the third drill is currently investigating the Barber Larder zone at vertical depths of 450 metres. These targets are all located within the same rock units that host most of the gold occurrences along the Cadillac-Larder Lake break, including the former Kerr Addison mine located five kilometres to the east.
Since drilling commenced in March, 2007, more than 45,200 metres of diamond drilling have been completed at Larder Lake.
Quality assurance and control
As part of its quality assurance/quality control program, Bear Lake Gold carried out check assays on the high-grade intersections with no significant discrepancies found in the assay results. The assays reported are the uncut average grades of all determinations from the same samples. The analytical method for gold is one-assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over two grams per tonne gold are automatically rechecked using the rejects. Assaying is done at Polymet Labs in Cobalt, Ont. The quality control process includes inserting blank samples and certified standards within each batch sent to the laboratory.
Qualified person
The technical content of the information contained in this news release was reviewed and approved by Bernard Boily, PGeo, and Bear Lake Gold's vice-president of exploration. He is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.
We seek Safe Harbor.
Bahnfahrn macht Spaß!! Aber nicht mit Zugbegleitern aus dem Osten!!