Bear Lake drills 6.7 m of 6.2 g/t Au at Larder Lake
2009-06-09 08:57 ET - News Release
Mr. Francois Viens reports
BEAR LAKE GOLD ANNOUNCES NEW HIGH-GRADE GOLD INTERCEPTS FROM ITS BEAR LAKE GOLD ZONE
Bear Lake Gold Ltd. has provided more results from the infill drilling program on the Bear Lake gold zone of its 100-per-cent-owned Larder Lake project, located in Northeastern Ontario.
Hole No. 65 intersected, at a vertical depth of 600 metres, a 6.7-metre section of carbonate-type mineralization grading 6.2 grams per tonne (g/t) gold, including 3.0 metres at a grade of 10.0 g/t gold.
Hole No. 66 intersected, also at a vertical depth of 600 metres, a 9.6-metre section of carbonate-type mineralization grading 8.4 g/t gold, including 2.7 metres which yielded 10.6 g/t gold and 3.1 metres that assayed 14.8 g/t gold.
Hole No. 66 also cut, at a vertical depth of 700 metres, 5.6 metres of flow-type mineralization assaying 7.1 g/t gold, including 3.2 metres grading 10.5 g/t gold.
Hole No. 53W3 cut, at a vertical depth of 975 metres, a 1.0-metre section of carbonate-type mineralization grading 10.5 g/t gold.
Holes No. 65 and No. 66 were drilled as part of the infill program designed to reduce hole spacing and increase confidence in one of the higher grade gold envelopes within the heart of the Bear Lake zone. Due to technical difficulties, hole No. 65 did not reach the projected flow-type mineralization but has been wedged and is in progress toward the flow-type mineralization. This infill drilling program at Bear Lake continues to successfully define the high-grade portion of the deposit and results obtained to date confirm the company's interpretation that both high-grade and lower grade mineralized zones occur within a wide alteration envelope.
Hole No. 53W3 is part of the program to wedge and deepen holes previously stopped short by broken ground associated with a fault zone, located about halfway between the carbonate and flow-type mineralized zones that compose the Bear Lake gold deposits. This hole crossed the broken ground area but was stopped early due to technical problems. However, the intersection of 1.0 metre of albitized carbonate mineralization grading 10.5 g/t gold confirms the presence of high-grade gold values on the other side of the fault, within the large and broad zone of alteration and gold mineralization, at depths of more than 900 metres.
The gold mineralized system identified at Bear Lake includes both high-grade and low-grade mineralized shoots, similar to the ore zone setting at the former Kerr Addison mine located five kilometres to the east and tighter drilling is necessary to establish the size and extent of the high-grade zones within this large gold mineralized envelope.
Project update
Three drill rigs are currently working at Larder Lake on the infill drilling of the higher grade portion of the Bear Lake zone between depths of 400 to 800 metres. Since drilling started in March, 2007, more than 52,000 metres of diamond drilling have been completed at Larder Lake.
Work is continuing to complete an initial mineral resource estimate and a National Instrument 43-101-compliant technical report on the Bear Lake zone during the summer of 2009.
Quality assurance and control
As part of its QA/QC 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 g/t 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, 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.
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