Bear Lake Gold adds another drill rig
Bear Lake Gold reports addition of a fourth diamond drill to continue the definition and exploration program at Larder Lake gold project.
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 (see September 4, 2008 press release for complete results and information about the quality assurance and control program). 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.
Francois Viens, President and CEO of Bear Lake says:
“The current drilling program on the Bear Lake gold zone is progressing well, and returning some outstanding gold intercepts.” ”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.”
For full details of this press release, click this link. Gold Investing News researchers discovered Bear Lake Gold’s project described on their website. Follow developments in gold mining and exploration for free.
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Fri, Oct 3, 2008
Post by Melissa Pistilli, Gold Senior Reporter