2008-12-19 09:43 ET - News Release
Mr. Francois Viens reports
BEAR LAKE GOLD ANNOUNCES ITS FINANCIAL RESULTS FOR THE YEAR ENDED SEPTEMBER 30, 2008 AND PHASE 1 WORK PROGRAM AT LARDER LAKE
Bear Lake Gold Ltd. has filed its audited consolidated financial statements, notes and management's discussion and analysis for the year ended Sept. 30, 2008, on SEDAR. The statements are also available on the company's website.
As a result of the recently completed financing, Bear Lake has enough liquidity to support its ongoing exploration and corporate activities.
"Bear Lake's financial position allows us to continue to advance our Larder Lake project," said Francois Viens, president and chief executive officer of Bear Lake. "The outstanding gold discoveries at Larder Lake in 2007, and 2008, in close proximity to Kerr Addison, one of Canada's largest and most prolific past producing gold mines, suggest we may be on to a very significant gold deposit. The Bear Lake zone represents a significant discovery and we will keep working on its definition and expansion through 2009. Additional targets also showing similar potential will be investigated. Given the actual market situation the management is prudently managing its cash resources and will evaluate its available resources and results on a continuing basis before determining the next phase of work." ----------- Bahnfahrn macht Spaß!! Aber nicht mit Zugbegleitern aus dem Osten!! |