Bear Lake files Q2 results, no details
2013-05-23 09:35 ET - News Release
Mr. David Fennell reports
BEAR LAKE GOLD PROVIDES AN UPDATE ON ITS LARDER LAKE GOLD PROJECT
Between May, 2012, and March, 2013, Gold Fields Abitibi Exploration Corp. spent just over $5-million in exploration on Bear Lake Gold Ltd.'s Larder Lake project, therefore satisfying the $5-million minimum spending requirement under the May, 2012, option and joint venture agreement. Since the beginning of the program, 59 holes totalling 24,533 metres have been drilled on the Swansea, Fernland, Cheminis and Bear Lake zones. The drilling tested the deeper and lateral extensions of the resources at the Cheminis and Bear Lake deposits, and most holes intersected various gold values. The drilling also successfully identified the presence of near-surface wider yet lower-grade mineralization at Fernland and confirmed the continuity of the mineralization between the Cheminis and Fernland zones. Gold Fields is currently analyzing the results of the exploration program, and a meeting of the steering committee should be held in the coming weeks to discuss the next phase.
The company's interim consolidated financial statements and management's discussion and analysis for the second quarter ended March 31, 2013, have been filed on SEDAR and are available on the company's website. |
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