Bear Lake Gold has reported preliminary results obtained from the drill campaign performed by Gold Fields at the Larder Lake gold project, which is situated in the productive Cadillac-Larder Lake Break in Northeast Ontario.
The first drill campaign by Gold Fields specifically targeted the Fernland zone in order to study the capacity of low-grade but broader mineralization. The company has drilled 3,975 m, totaling 10 holes, since program commencement. The results show that the Fernland zone hosts low-grade and extensive mineralization.
Gold Fields encountered 1.25 g/t gold over 17.0 m and 0.96 g/t gold over 2.3 m in hole GF-12-110; 2.12 g/t gold over 10.0 m in hole GF-12-111; 2.1 g/t gold over 1.0 m and 1.96 g/t gold over 1.5 m in hole GF-12-112; 1.52 g/t gold over 22.0 m in hole GF-12-118; and 1.78 g/t gold over 2.1 m in hole GF-12-119. Results from the holes GF-12-113, GF-12-114, GF-12-115, GF-12-116 and GF-12-117 are pending.
Additionally, Gold Fields performs drilling, geophysical and geochemical activities and geologic mapping over the Larder Lake project. One drill is now operating at the location. The company will move more drills, once further targets are discovered.
The company has obtained the assay results from the final 19 holes drilled during the 15,215 m campaign commenced last year, in which eleven holes were drilled at Cheminis, two holes at Fernland and six holes at Bear Lake.
Majority of holes returned more value of gold and validated the existence of the mineralized corridor at Cheminis and Bear Lake. Hole BLG-12-108 specifically drilled at the Bear Lake zone yielded 5.36 g/t gold over 4.0 m. Ontario-based P&E Mining Consultants supervised these results.