Bear Lake Gold Adds Another Drill Rig at Larder Lake: Additional Exploration Targets Will be Drilled

Bear Lake Gold Adds Another Drill Rig at Larder Lake: Additional Exploration Targets Will be Drilled

Bear Lake Gold Ltd. announce the planned addition of a fourth diamond drill to continue the definition and exploration program at Larder Lake.

“The current drilling program on the Bear Lake gold zone is progressing well, and returning some outstanding gold intercepts,” said Francois Viens President and CEO of Bear Lake. “With drill targets in excess of 1 km below surface, the addition of a fourth drill will speed up the drilling of this sizeable target.”

Alteration and gold values increase in the Bear Lake zone at depths below 400 meters. Continuity of the gold mineralization has been established below 750 meters where hole #49 intersected, 9.5 meters of carbonate-type mineralization grading 19.4 g/t gold, including a section of 6.5 meters grading 27.9 g/t gold. Drill holes are now targeting mineralization at depths of more than 1,000 meters below surface and therefore drilling must proceed carefully to avoid excessive deviation and other technical difficulties. The fourth drill, scheduled to arrive on site next week, will ensure steady progress to defining the ultimate scale of this significant gold discovery.

Project Update

Three drill rigs are currently active at the Larder Lake Gold Project. Of the budgeted 43,000-meter drilling program that started in September 2007 at Larder Lake, to date a total of 36,000 meters of diamond drilling was completed. The drilling program will continue to investigate two mineralized gold zones discovered in the Bear Lake area with drilling directed at down-plunge extensions of the high-grade gold mineralization. The fourth drill will focus on testing multiple promising gold targets on the Larder Lake Property, as well as the eastern strike extension of the Bear Lake gold zone. These targets are all located within the same rock units that host most of the gold occurrences along the Cadillac-Larder Lake Break; including the world class historic Kerr-Addison mine located only 5 km to the east, which produced some 11 million ounces of gold.

Share this post