Bear Lake Gold Ltd. - Home - Sat Jan 28, 2012

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Precious Metals Exploration in North America

Bear Lake Gold Ltd. is a Canadian gold exploration company listed on the TSX Venture Exchange under the symbol "BLG".

Bear Lake Gold's primary project is the Larder Lake gold property, located on the prolific Cadillac-Larder Lake Break in the mining district of north-eastern Ontario. The Larder Lake property consists of a 100% interest in the Bear Lake, Cheminis, Fernland and Barber Larder properties. The Company also has a 75% interest in the Swansea property and holds additional mining claims in the area. This portfolio of exploration projects spread out over a distance of approximately 13km gives the Company a large area of interesting targets to explore in one of the world's best mining jurisdictions with excellent infrastructures available at close proximity.

Summary of Mineral Resources

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(3) The gold price used in this estimate was the May 31, 2011 two year trailing average of US$1,207/oz. Process recovery was 95%. Mining costs were $75/ tonne and Processing and G&A costs were $20/tonne. Exchange rate used was $0.95USD = $1.00 CDN.
(4) The mineral resources in this technical report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

Bear Lake Zone

On June 29, 2011, The Company announced the completion of an NI 43-101 compliant mineral resource on the Bear Lake zone by P&E Mining consultants Inc. of Brampton, Ontario. P&E used 88 surface drill holes totaling 14,000 m and conducted a re-sampling program to confirm the validity of the data. High grade assays used in the resource estimate are capped at 75 g/t gold and resources are reported using a 2.5 g/t gold cut-off and a minimum horizontal thickness of 2.0 m
The zone is open on strike and at depth and additional drilling is required to assess its potential.

Cheminis Zone

On April 13, 2011, the Company announced the completion of a NI 43-101 compliant mineral resource estimate on the Cheminis zone by P&E Mining Consultants Inc. of Brampton Ontario. P&E used the 791 historic surface and underground drill holes available and conducted a re-sampling program in order to confirm the validity of the historic data. Resources are reported using a 2.5 g/t gold cut-off and a minimal horizontal thickness of 2.0 m.
The zone is open on strike and at depth and additional drilling is required to assess its potential.

A technical report was filed on SEDAR in compliance with NI 43-101. click here to view the report

Fri Dec 16, 2011: Bear Lake Gold Files Audited Financial Statements for Year Ended September 30, 2011 and Makes Option Grant (more...)

Tue Nov 29, 2011: Bear Lake Gold announces Drilling Results at Larder Lake - Gold Mineralization Extended at Cheminis (more...)

Tue Nov 1, 2011: Presentations: Corporate Presentaton (more...)

Fri Sep 30, 2011: Financial Statements: Annual Report 2011 - Financial Statements and MD&A for the year ended September30, 2011 (more...)

Wed Sep 7, 2011: Bear Lake Gold announces Start of Drilling Program at Larder Lake (more...)

Wed Aug 24, 2011: Bear Lake Gold Ltd. announces Closing of Private Placement for $3,923,750 (more...)

Mon Aug 22, 2011: Bear Lake Gold increases financing to $3,925,000 (more...)

Fri Aug 19, 2011: Bear Lake Gold Ltd. Update on MNDMF (more...)