Bear Lake Gold LTD NEW : Aus 2 mach 1!
Hole #57A intersects 1.5 meter grading 15.1 g/t Au
http://www.marketwire.com/press-release/...SX-VENTURE-BLG-966299.html
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.
BLG ihren Kurs entgegen des Branchentrends künstlich runter geprügelt. Dank des geringen Freefloats.
QMI sichert sich noch für eine Übernahme von LL einen großen Batzen an BLG um dann bei der News den BLG Kurs schön unten zu halten. (? Crosstrade?)
Warum erst jetzt? Durch die News von gestern kann man später den Trade erklären und bekommt keine Probleme mit der Börsenaufsicht.
Nun bekommt eine unterbewertete BLG, bei der Übernahme, überbewertete QMI Anteile. Diese werden womöglich auch noch neu ausgestellt (Verwässerung).
Und man ist sehr, sehr billig an eine neue Mine gekommen.
Was hätte das MM von BLG davon?
Durch das letzte PP auf extrem niedrigem Niveau konnten sich die Jungs mit einem Haufen Anteile eindecken. Bei der Menge der Anteile würde denen ein niedriger Verkaufspreis trotzdem hohe Gewinne bringen.
Angenommen das MM besitzt durchschnittlich 2MM Aktien pro Person, dann würde 1C$ pro Aktie genügend für Urlaub/Häuschen/Auto bringen. Zwinkern
Dabei sehe ich Cudney als Verbindungsglied.
Diesen Typ durchschaue ich nicht so richtig.
Er besitzt mit seiner Firma 10% an QMI = 23MM C$
Im März kauft er 150T Stücke QMI = ca 800T C$
Und jetzt kauft er sich 30T Stücke!!! BLG = 8T C$ ???WTF???
Bear Lake Gold Update on the Unity Project in Central Idaho
LONGUEUIL, QUEBEC--(Marketwire - March 27, 2009) - Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX VENTURE:BLG) is pleased to report results from its 2008 drilling program carried out on its Unity Project located in central Idaho.
Five holes totalling 1,018 meters were completed. Holes UN-5 and UN-3 respectively intersected quartz veins yielding 4.6 g/t gold, 27.4 g/t silver over 0.9 meter and 0.1 g/t gold, 13.0 g/t silver over 0.4 meter. Results showed that the geology of the mine area is more complex than first anticipated. Faulting and mafic dykes were frequently observed in the five holes drilled during the 2008 campaign. Consequently, only two of the holes drilled (UN-3 and UN-5) intersected significant quartz veins, both at 100 meters below surface. Holes UN-1 and UN-2 also confirmed the presence of gold and silver mineralization in the fault zone.
Following the new geological and structural interpretation carried out after the completion of the 2008 drilling program, it became obvious that the quartz veins cut in holes UN-3 and UN-5 were not related to the main gold-rich veins system but rather to a secondary system, parallel to the main gold-rich veins and historically much lower grade. "Although we missed the main gold-rich veins with our drilling, we confirmed the presence of gold-bearing veins away from the old workings", said Francois Viens, President and CEO of Bear Lake Gold. "We now have a better understanding of the local geology and we intend to prepare a follow-up drilling program targeting the gold-rich veins at depth, once the required surface drilling permits are delivered and funds for the program become available."
TABLE 1 - Unity Assay Results
--------------------------------------------------
Hole no. From To Core Length Au Ag Comments
(m) (m) (m) (g/t) (g/t)
--------------------------------------------------
--------------------------------------------------
UN-1 160.0 178.9 18.9 0.3 12.0 Fault zone
(Little Giant)
--------------------------------------------------
UN-2 304.8 329.2 24.4 0.2 12.0 Fault zone (Rescue)
--------------------------------------------------
UN-3 90.5 90.9 0.4 0.1 13.0 Quartz vein
--------------------------------------------------
UN-4 (abandon)
--------------------------------------------------
UN-5 95.1 96.0 0.9 4.6 27.4 Quartz vein
--------------------------------------------------
All holes drilled in 2008 targeted the lateral and down-dip extensions of two of the richest and very extensive (up to 2km long) gold veins, namely the Little Giant and Rescue. These veins are locally very high-grade and are reported to have yielded grades of up to several hundred ounces of gold per tonne. However, production grades were generally recorded at 30 to 150 grams per tonne (1 to 5 ounces per ton) according to historic information (John C. Reed, 1937; Geology and Ore Deposits of the Warren Mining District, Idaho County, Idaho).
Unity Property
Bear Lake Gold, through its wholly-owned US subsidiary, Walker Lane Gold LLC, can earn a 60% joint venture interest from Unity GoldSilver Mines Inc. by spending US$1.0 million in exploration and development work on the property and by completing a positive feasibility study on or before November 30, 2010. The property located near the town of Warren in central Idaho consists of 8 patented claims and 76 leased (staked) claims covering 460 hectares. To date, historic workings identified 41 different gold-bearing quartz veins on the property, of which the Rescue, the Little Giant and the Charity are three of the better-known veins and supplied most of the reported historic gold production. These veins are still open laterally and down-dip and, with successful exploration and limited development work, their extensions could potentially be mined again from an existing 1,600m long adit.
Over 1.2 million ounces of gold was historically produced from the Warren area which includes the Unity Mine , both from underground and alluvial operations. (John C. Reed, 1937; Geology and Ore Deposits of the Warren Mining District, Idaho County, Idaho). Bear Lake Gold believes that additional drilling is warranted at Unity and that there is still excellent potential to develop resources both in the previously mined veins and in veins that are yet to be explored by diamond drilling.
Quality Assurance and Control
As part of its QA/QC program, Bear Lake Gold carried out check assays on the gold 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 (1) assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over 2 g/t gold are automatically re-checked using the rejects. Assaying was done at Chris Christopherson Inc. in Kellogg, Idaho. 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 Mr. Bernard Boily, P. Geo., and Bear Lake Gold's Vice President of Exploration. Mr. Boily is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101
Die Heutigen News um den Kurs nicht explodieren zu lassen.
4 von 5 Bohrungen für den Ar...
Und die 5. auch nur mittelmäßig.
http://www.marketwire.com/press-release/...SX-VENTURE-SBB-967298.html
Board Nominees
Pursuant to the Nomination Rights Agreement referred to below as one of the ancillary agreements, upon closing of the transaction, DPM intends to nominate as its nominee members to the Board of Sabina Silver, Mr. Jonathan Goodman and Mr. David Fennell.
Mr. Fennell received his law degree in 1979 from the University of Alberta and practiced in the areas of corporate and resource law, until 1983 when he founded Golden Star Resources. During his term as President & CEO, Golden Star became a TSE 300 company and one of the largest and most successful exploration companies. In 1998, Mr. Fennell left Golden Star to become Chairman and CEO of Cambiex Explorations Ltd., which became Hope Bay Gold Corporation. He held this position until the merger of Hope Bay and Miramar Mining Corporation where he continued as Executive Vice-Chairman and director for the combined entity until its takeover, in January 2008, by Newmont Mining Corporation. He was Chairman of Ariane Gold Corp. from August 2002 until its acquisition by Cambior Inc. in November 2003, and was a director of Palmarejo Silver and Gold Corporation until the merger with Coeur d'Alene Mines Corporation, one of the world's leading silver companies, in December 2007. He was also Chairman of Maximus Ventures Ltd. until the business combination with NX Gold Ltd. and the name change to Bear Lake Gold Ltd. He is currently Chairman of Bear Lake Gold Ltd., Reunion Gold Corporation and Queensland Minerals Ltd., as well as Executive Chairman of Odyssey Resources Ltd. and a director of Major Drilling Group International Inc.
http://www.bearlakegold.com/i/pdf/BLG-PPT-April_2009.pdf
Irgenwie reizt es mich schon habe aber nicht alle Postings gelesen, passt hier alles soweit?
Sage jetzt schon danke für die Infos und liebe Grüsse!
ice
Der volle Focus liegt auf dem LL-Gebiet und die anderen werden verwendet um den Kurs zu drücken!!
Das konnte man letzte Woche gut erkennen!
Aber entscheiden mußt du das selber, da kann ich dir keinen Ratschlag geben!!
http://www.bearlakegold.com
eventuell bei news, daß ich zuschlagen werde...
auf jedenfall danke u lg, ice
der rest, mal schauen, denke morgen über einen kleinen invest nach....
wenns morgen grün wird, dann bei mir auch....
lg @koch, ice