Bear Lake Gold LTD NEW : Aus 2 mach 1!
2013-04-01 13:28 ET - Street Wire
See Street Wire (C-*OSC) Ontario Securities Commission
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by Mike Caswell
The Ontario Securities Commission has secured a permanent ban and $800,000 in fines for Bernard Boily, a geologist who altered 140 assay results for Bear Lake Gold Ltd. in 2009. The sanctions are part of a settlement announced Thursday in which Mr. Boily has admitted that he overstated assays from the company's Larder Lake project by as much as 2,400 per cent. He has agreed to a permanent ban from serving as an officer or director of a public company, and has agreed that he will never again act as a qualified person.
The penalties come almost four years after Bear Lake investors first learned about problems at the company's flagship Larder Lake project. In a July 21, 2009, news release, the company said that it had become aware of inconsistencies in its previous results, and that the actual results could be substantially lower than reported. The stock, which was halted for the release, quickly dropped upon resuming trading. It fell to 24 cents from 71 cents in one day, with the company losing $42-million in market capitalization.
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2013-05-23 09:35 ET - News Release
Mr. David Fennell reports
BEAR LAKE GOLD PROVIDES AN UPDATE ON ITS LARDER LAKE GOLD PROJECT
Between May, 2012, and March, 2013, Gold Fields Abitibi Exploration Corp. spent just over $5-million in exploration on Bear Lake Gold Ltd.'s Larder Lake project, therefore satisfying the $5-million minimum spending requirement under the May, 2012, option and joint venture agreement. Since the beginning of the program, 59 holes totalling 24,533 metres have been drilled on the Swansea, Fernland, Cheminis and Bear Lake zones. The drilling tested the deeper and lateral extensions of the resources at the Cheminis and Bear Lake deposits, and most holes intersected various gold values. The drilling also successfully identified the presence of near-surface wider yet lower-grade mineralization at Fernland and confirmed the continuity of the mineralization between the Cheminis and Fernland zones. Gold Fields is currently analyzing the results of the exploration program, and a meeting of the steering committee should be held in the coming weeks to discuss the next phase.
The company's interim consolidated financial statements and management's discussion and analysis for the second quarter ended March 31, 2013, have been filed on SEDAR and are available on the company's website.
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letzten Nachrichten!??
morgen wird diese Aktie explodieren, Kurse bis 0,02€ dürften allemale drin sein