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Bear Lake Gold Ltd. announced the results of an initial mineral resource estimate and an update on the drilling program at the Bear Lake zone of its Larder Lake Project located on the prolific Cadillac-Larder Lake Break in the mining district of north-eastern Ontario.
The Bear Lake zone resource estimate prepared by P&E Mining Consultants Inc. of Brampton Ontario, an independent geological and mining consulting firm, stands at 3.75 million tonnes grading 5.67 g/t gold in the inferred category for a total of 683,600 ounces of gold. The zone remains open on strike and at depth.
The last two holes were completed in May 2011 and hole 87A intersected 3.7 g/t gold over 1.0 m in the flow mineralization between 927.6 and 928.6. Hole 88 was abandoned due to technical problems. A complete results table is available on the company’s website. The diamond drilling program is now completed and drills have been demobilized from site. The company will review different options for the continuation of the exploration program at Larder Lake and announce its plans shortly.
Read the full news release here
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SFO Park and Fly
Adam Rubin is co-founder and owner of TopStyle Diamonds, a local Georgia jewlery store with 2 locations that specializes in gold buying, custom jewelry design, and jewelry repair.