Bear Lake Gold Ltd. Jul 14, 2009 09:37 ET Bear Lake Gold Reports New High-Grade Gold Intercepts From its Bear Lake Gold Zone in Larder Lake, Ontario Hole #67 intersected 7.5 meters grading 10.4 g/t gold, hole #67W cut 7.9 meters grading 22.5 g/t, hole #69 intersected 7.0 meters grading 16.3 g/t gold, hole #70 cut 4.5 meters assaying 11.0 g/t gold
LONGUEUIL, QUEBEC--(Marketwire - July 14, 2009) - Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX VENTURE:BLG) is pleased to report additional results from the infill core drilling program on the Bear Lake gold zone of its 100% owned Larder Lake Project, located in north eastern Ontario.
- Hole #67 intersected, at a vertical depth of 700 meters, a 7.5 meter section of carbonate-type mineralization grading 10.4 g/t gold, including 2.7 meters at a grade of 17.9 g/t gold.
- A wedge placed in hole #67 (hole 67W) re-tested the carbonate-type zone (less than a meter away) and cut a 7.9 meter section which assayed 22.5 g/t gold, including 4.3 meters grading 37.5 g/t gold.
- Hole #69 intersected, at a vertical depth of 460 meters, a 7.0 meter section of carbonate-type mineralization grading 16.3 g/t gold and, at a depth of 540m vertical, 1.5 meters of altered ultramafic assaying 20.6 g/t gold.
- Hole #69 also intersected, at a vertical depth of 675 meters, 2.2 meters of flow-type mineralization yielding 11.7 g/t gold.
- Hole #70 cut, at a vertical depth of 380 meters, 4.5 meters of carbonate-type mineralization assaying 11.0 g/t gold.
These holes were all part of the infill program designed to reduce hole spacing and increase the confidence level in one of the higher-grade gold lenses within the heart of the Bear Lake zone. This infill drilling program at Bear Lake continues to successfully define the high-grade portion of the deposit and results obtained to date confirm our interpretation that both high-grade and lower-grade mineralized zones occur within a wide alteration envelope.
Highlights of new Larder Lake Assay Results - Bear Lake Area
-------------------------------------------------- Core True Hole no. From To Length Width Au Mineralization (m) (m) (m) (m) (g/t) Type -------------------------------------------------- BLG09-67 719.7 727.2 7.5 6.5 10.4 Carbonate-type including 724.5 727.2 2.7 2.3 17.9 -------------------------------------------------- BLG09-67W(i) 717.5 725.4 7.9 6.8 22.5 Carbonate-type including 718.7 723.0 4.3 3.7 37.5 -------------------------------------------------- BLG09-69 586.0 593.0 7.0 6.8 16.3 Carbonate-type and 672.5 674.0 1.5 1.4 20.6 Altered ultramafic 750.7 752.9 2.2 2.1 11.7 Flow-type -------------------------------------------------- BLG09-70 475.5 480.0 4.5 4.4 11.0 Carbonate-type 666.3 673.3 7.0 6.8 0.7 Flow-type -------------------------------------------------- (i) Assays pending in other parts of the hole
Re-sampling Program
After receiving unexpectedly low assay results from several intercepts that were suspected to contain gold tellurides, the presence of which can sometimes result in underestimation of gold values unless precautions are taken, samples suspected to contain tellurides were re-assayed. Despite that most of the results show no significant difference, there were 5 assays results from holes 49W2, 56A, 58, 59 and 59W that did show some significant increase in gold content, which should have a positive impact on the upcoming resource estimates. These results were confirmed by an independent assay laboratory. The most significant results from this re-sampling program are shown in the table below.
Most Significant Assay results - Re-sampling Program
-------------------------------------------------- Length Original Hole no. From To (True width) values Re-assays Mineralization (m) (m) (m) Au (g/t) Au (g/t) Type -------------------------------------------------- NFX08-58 1067.4 1075.9 6.0 1.1 6.5 Carbonate-type -------------------------------------------------- BLG08-59 1133.0 1136.5 2.1 1.7 10.5 Carbonate-type -------------------------------------------------- BLG08-59W 1466.8 1469.6 1.7 2.3 6.7 Flow-type -------------------------------------------------- NFX08-56A 1221.5 1222.6 0.6 4.8 23.4 Flow-type -------------------------------------------------- NFX08-49W2 1033.5 1040.2 6.5 1.4 9.9 Flow-type --------------------------------------------------
Gold tellurides were frequently observed at the Kerr-Addison mine, located 5 km to the east and are found in several gold deposits located along the Larder Lake-Cadillac Break. To ensure that the most accurate gold values are obtained, minor modifications were made to further improve our assay protocol and all assays reporting above 2 g/t gold are now re-assayed three times.
Link to flow-type mineralization diagram: http://media3.marketwire.com/docs/Flow-Type.pdf
Link to carb-type mineralization diagram: http://media3.marketwire.com/docs/Carb-Type.pdf
The 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, and tighter drilling is necessary to establish the size and extent of the high-grade zones within this large gold mineralized envelope.
Link to complete assay results to date from the Bear Lake Area as at July 14, 2009: http://media3.marketwire.com/docs/CompleteAssayResults_07142009.pdf ----------- Bahnfahrn macht Spaß!! Aber nicht mit Zugbegleitern aus dem Osten!! |