Bear Lake Gold LTD NEW : Aus 2 mach 1!
Dundee Small-Cap Gold Miners Conference June 1, 2009 - Toronto Bear Lake Gold will be presenting at this event: Könnte allenfals diesmal ein wichtigeres Datum sein für die Finanzierung der nächsten Bohrprogramme.
Gelingt es BLG diesmal Ihre versprechen (NI) zu halten sehe ich da strategisch eine sehr gute Möglichkeit das Potenzial auch richtig präsentieren zu können. Ein NI bringt mal vorderhand Fakten/Bewertungsgrundlagen und gleichzeitig hätte man noch diverse Projekte für eine Resourcenerweiterung in der Hinterhand....sei es nun Fernland, Bear Lake in weiteren Tiefen,Unity, Hope Bay, Swansea(wo man verdächtig gar nichts mehr hört, immerhin ein 75%-Projekt), Kirkland(ein 100%-Projekt) etc....
http://www.infomine.com/companies-properties/infodbweb/Charg…
Orders Volume Price Range
7 102,000 0.250-0.320
ASK§
Price Range Volume Orders
0.350-0.500 33,500 6
Bear Lake Gold Ltd. Announces Second Quarter 2009 Results and Credit Facility
LONGUEUIL, QUEBEC--(Marketwire - May 14, 2009) - Bear Lake Gold Ltd. (the "Company" or "Bear Lake") (TSX VENTURE:BLG) announces that its Consolidated Financial Statements and Management's Discussion & Analysis for the second quarter ended March 31, 2009 have been filed on SEDAR (www.sedar.com). They are also available on the Company's website at www.bearlakegold.com.
The Company also announces that its wholly-owned subsidiary Maximus Ventures Ltd. ("Maximus") has entered into two credit facility agreements with its lender, for a total loan amount of approximately $3,577,000, in replacement of the temporary credit facility that was made available to Maximus following the asset-backed commercial paper ("ABCP") crisis. Subject to certain conditions, the term facilities bear interest at prime less 1%, are available initially for 2 and 3-year periods, respectively, and can be further extended to a total period of 7 years. A portion of the credit facilities, representing approximately $2,610,000, is secured solely by the related notes which, following the implementation of the ABCP restructuring plan, have replaced the ABCP. The remaining amount of approximately $967,000 is secured by related notes as well as a general security interest in all of Maximus' assets. Cash proceeds from the sale of the notes will automatically be applied, at that time, to the amount of outstanding borrowings. Under the new credit facilities, the Company's loss on the notes will, subject to certain conditions, be limited to between 25% and 55% of the notes held.
Issuance of shares
The Company announces that it has issued 10,000 of its common shares to the vendor of the Kirkland-Wright properties, pursuant to a purchase and sale agreement that closed in May 2006 and was first disclosed in the Company's news release of April 13, 2006. The issuance of these shares constitutes the final consideration for the acquisition. The Kirkland-Wright property covers an area of 3,216 hectares and is located immediately south of the Larder Lake project.
About Bear Lake Gold
Bear Lake Gold is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.ca.
Caution Regarding Forward Looking Information
The information in this press release has been prepared as at May 14, 2009. Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include statements regarding the renewal of the credit facilities beyond their initial terms and the Company's expected losses on the notes issued to Maximus in exchange for the ABCP. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by the forward looking statements. Such risks include, but are not limited to: the possibility that the conditions for renewal of the credit facilities will not be satisfied and the risk that the losses on the replacement notes will be greater than currently anticipated by the Company. The Company does not intend, and does not assume any obligation, to update this forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Moderation
Zeitpunkt: 19.05.09 10:08
Aktion: Löschung des Beitrages
Kommentar: Urheberrechtsverletzung, vollständige Quellenangabe fehlt - Thommy-Das ist als Quellenangabe nicht ausreichend.
Zeitpunkt: 19.05.09 10:08
Aktion: Löschung des Beitrages
Kommentar: Urheberrechtsverletzung, vollständige Quellenangabe fehlt - Thommy-Das ist als Quellenangabe nicht ausreichend.
Bear Lake Gold Announces Continued Success and More High-Grade Gold Intercepts at its Bear Lake Gold Zone
Hole #44W2 intersected 8.5 meters grading 10.6 g/t Au
Hole #64 cuts 5.1 meters grading 9.9 g/t gold plus 2.5 meters grading 10.0 g/t gold
Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX VENTURE:BLG) is pleased to announced additional results from the infill drilling program on its 100% owned Bear Lake gold zone of the Larder Lake Project, located in north eastern Ontario.
- Hole #44W2 intersected, at a vertical depth of 650 meters, an 8.5 meter section of carbonate-type mineralization grading 10.6 g/t gold, including 3.5 meters at a grade of 18.3 g/t gold and a second carbonate-type zone intercept of 1.5 meter, grading 8.5 g/t gold.
- Hole #64 intersected, at a vertical depth of 500 meters, a 5.1 meter section of carbonate- type mineralization grading 9.9 g/t gold, including 2.3 meters which yielded 14.9 g/t gold.
- Hole #64 also cut, at a vertical depth of 575 meters, 5.0 meters of flow-type mineralization assaying 5.4 g/t gold, including 2.5 meters grading 10.0 g/t gold.
"The infill drilling program at Bear Lake continues to successfully define the high grade portion of the deposit," said Francois Viens, President and CEO of Bear Lake Gold. "Results obtained to date confirm our interpretation that both high grade and lower grade mineralized zones are located within a wide alteration zone. These results are part of our work to complete, as planned, a NI 43-101 compliant mineral resource estimate this summer."
Hole #44W2 is part of the program to wedge and deepen holes previously stopped short by broken ground associated with a fault zone, located about half way between the carbonate and flow-type mineralized zones that make up the Bear Lake gold deposits. This hole was successfully extended and crossed the broken ground area but was stopped due to technical problems. It will be completed at a later date. However, the intersection of 8.5 meters of carbonate mineralization, grading 10.6 g/t gold, confirms the presence of higher grade shoots within the large and broad zone of alteration and gold mineralization.
Hole #64 was drilled as part of the in-fill program designed to reduce hole spacing and increase our confidence in one of the higher grade gold zone within the heart of the Bear Lake zone. Bear Lake Gold's objective is to complete a compliant with NI 43-101 mineral resource estimate in the summer of 2009.
Link to flow-type mineralization diagram is available at the following address: http://www.bearlakegold.com/i/pdf/Flow-type.pdf.
Link to carb-type mineralization diagram is available at the following address: http://www.bearlakegold.com/i/pdf/Carbonate-type.pdf.
Other new intercepts reported in this news release include hole #63, which intersected 5.0 meters of carbonate-type mineralization grading 1.0 g/t gold and 8.6 meters of flow-type mineralization, which assayed 1.1 g/t gold. Hole #63 provided a second intersection of the carbonate-type zone returning 1.1 g/t gold over 5.5 meters. These intercepts are within a lower grade part of the mineralized zone and are located at a vertical depth of 600 meters.
These new gold intersections confirm that the large 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 5 km to the east and that tighter drilling is necessary to establish the full extent of the high-grade gold.
Link to complete assay results to date from the Bear Lake Area as at May 19, 2009 is available at the following address: http://www.bearlakegold.com/i/pdf/Assay_Table.pdf.
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 meters. Since drilling started in March 2007, more than 49,000 meters of diamond drilling have been completed at Larder Lake.
Work is on-going to complete an initial mineral resource estimate and a NI 43-101 compliant technical report on the Bear Lake zone during the summer of 2009. Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) has been selected to assist Bear Lake Gold in the evaluation of the Bear Lake zone.
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 (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 is done at Polymet Labs in Cobalt, Ontario. 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. He is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.