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Cours Or & Argent

Bear Lake Gold Ltd.

Publié le 14 juillet 2008

/ PRESS RELEASE

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MAXIMUS VENTURES BEGINS A 3,600M DRILLING PROGRAM
AT THE UNITY PROJECT IN IDAHO

 

Longueuil, Quebec: July 14, 2008. Maximus Ventures Ltd. ("Maximus") (TSX.V: MXV) is pleased to announce today the beginning of a 3,600m drilling program on its Unity project located in Idaho. The work will focus on testing the lateral and down-dip extensions of historically very high-grade (30 to 150g/t gold) and very extensive (up to 2km long) quartz veins.  A first phase of work includes testing two of the richest gold veins, namely the Little Giant and Rescue veins and investigating other gold-rich veins on the property including Charity and Gun Metal.  Should the drilling program be successful, a pre-feasibility study to justify the rehabilitation of old workings and additional underground development would then be commissioned?

 

A striking feature of this project is the extent of the gold-rich narrow quartz vein system. While individual veins range from few centimetres to often over 1 metre in thickness, they can be traced for hundreds to thousands of meters along strike and occur over an area of over 4 square kilometres. The veins are locally very high-grade and are reported to have locally-yielded grades of up to several hundred ounces of gold per tonne. However, production grades were generally recorded at 30 to 150 grams per tonne (1 to 5 ounces per ton) according to historic information (John C. Reed, 1937; Geology and Ore Deposits of the Warren Mining District, Idaho County, Idaho). Over 1.2 million ounces of gold was historically produced from the area, both from underground and alluvial operations. Maximus believes that there is excellent potential to develop resources both in previously-mined veins and in veins that are yet to be explored by diamond drilling

 

To date, 41 different gold-bearing quartz veins have been identified on the property, of which the Rescue, the Little Giant and the Charity are three of the 18 better-known veins and supplied most of the reported historic gold production. These veins are still open laterally and down-dip and, with limited exploration and development work, their extensions could potentially be mined again from an existing 1,600m long adit.

 

No previous drilling has been recorded on the property and all previous exploration efforts were conducted using trenching and underground drifting along the veins. There are strong geological indications that significant mineralization remains in place along the three principal veins already exposed by old workings (either laterally or down-dip). Furthermore, many other gold-bearing quartz veins, parallel to or intersecting the main veins remain, to be explored.

 

Unity Property

 

Maximus, through its wholly-owned US subsidiary, Walker Lane Gold LLC (Walker), can earn a 60% joint venture interest from Unity GoldSilver Mines Inc. by spending US$1.0 million in exploration and development work on the property and by completing a positive feasibility study on or before November 30, 2010.  The property located in Township 22N, Idaho County, Idaho consists of 8 patented claims and 51 leased (staked) claims covering 420 hectares. The objective of the work program planned for Unity is to complete, as soon as possible, a feasibility study to evaluate the economic viability of reopening the Unity gold mine.

 

Qualified Person

 

The technical content of the information contained in this news release was reviewed and approved by Mr. Bernard Boily, P. Geo., and Maximus? Vice President of Exploration. Mr. Boily is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.

 

Forward-looking Statements

 

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Maximus believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of Maximus based on information currently available to it. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond Maximus? control including uncertainties related to the exploration program, potential mineralization, exploration results, completion of work program, and availability of equipment necessary for the drilling program and future plans and objectives of Maximus.  Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those suggested by these forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. Maximus undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

 

For further information please contact:

 

Francois Viens

President and CEO

Maximus Ventures Ltd.

Tel: 450-677-1009

Fax: 450-677-2601

www.maximusventures.com

Gerri Paxton/Louise Quinn

Investor Relations

Maximus Ventures Ltd.

Tel: 450-677-2054/677-3523

gpaxton@maximusventures.com

lquinn@maximusventures.com

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

Bear Lake Gold Ltd.

EXPLORATEUR
CODE : BLG.V
ISIN : CA07381Q2053
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Bear Lake est une société d’exploration minière d'or basée au Canada.

Bear Lake détient divers projets d'exploration en USA et au Canada.

Ses principaux projets en exploration sont HOPE BAY (ORO), LARDER LAKE (CHIMINIS) et LEMOYNE au Canada et UNITY en USA.

Bear Lake est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 5,5 millions CA$ (5,0 millions US$, 3,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 mars 2006 à 3,00 CA$, et son plus bas niveau récent le 20 décembre 2013 à 0,01 CA$.

Bear Lake possède 136 380 000 actions en circulation.

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Présentations des Compagnies de Bear Lake Gold Ltd.
09/05/2008Present at the Hard Assets Investment Conference in New York...
Rapports annuels de Bear Lake Gold Ltd.
2008 Annual report
2007 Annual report
2006 Annual report
Financements de Bear Lake Gold Ltd.
26/05/2009announces bought deal private placement to raise up to $2,01...
26/05/2009announces bought deal private placement
14/05/2009second quarter 2009 results and Credit Facility
29/09/2008ANNOUNCES BROKERED PRIVATE PLACEMENT TO RAISE UP TO $4.08 MI...
15/11/2007Extends By Six Months Term of 2,500,000 Warrants
19/09/2007Agrees To Brokered Private Placement Of 10,000,000 Units To ...
Attributions d'options de Bear Lake Gold Ltd.
09/02/2009Grants Stock Options
Rapports Financiers de Bear Lake Gold Ltd.
18/12/2007Announces its Financial Results for the Year Ended September...
09/08/2007Announces its Financial Results For the Third Quarter Ended ...
28/05/2007announces its Financial Results for the Second Quarter Ended...
Projets de Bear Lake Gold Ltd.
23/05/2013Provides an Update on its Larder Lake Gold Project
27/07/2009(Larder Lake (chiminis))Provides Update About Larder Lake Property Operations and In...
23/07/2009(Larder Lake (chiminis))Data Inconsistencies that may Compromise Prior Technical Dis...
15/07/2009(Larder Lake (chiminis))reports new high-grade gold intercepts from its Bear Lake go...
15/05/2009(Larder Lake (chiminis))announces continued success and more high-grade gold interce...
22/01/2009(Larder Lake (chiminis))Adds a third drill rig at Larder Lake
27/11/2008(Larder Lake (chiminis))Confirms the Deep Extension of the Bear Lake gold zone at La...
04/09/2008report more high-grade results from the Bear Lake Gold Zone ...
14/08/2008(Larder Lake (chiminis))Vesting in Larder Lake Gold Project
14/07/2008(Unity)/ PRESS RELEASE
09/07/2008(Larder Lake (chiminis))NFX and Maximus Extend Bear Lake Gold Zone at Larder Lake
04/06/2008(Larder Lake (chiminis))intersect new high gold grades in the Bear Lake area at Lard...
31/03/2008(Larder Lake (chiminis))NFX and Maximus Cut Highest Gold Grade Intersected to Date i...
31/03/2008(Larder Lake (chiminis))results from the first four holes from its 2008 follow-up dr...
21/02/2008(Larder Lake (chiminis)) and NFX confirm the Extension of the Fernland mineralizatio...
10/01/2008(Larder Lake (chiminis))Begin a 43,000 m Drilling Program at Larder Lake
20/12/2007(Larder Lake (chiminis))Hole 17A intersected 11.4 g/t Au over 3.0m and 6.0 g/t Au ov...
06/11/2007(Larder Lake (chiminis)) Reports Wider Intersections than Previously Reported
01/11/2007(Larder Lake (chiminis)) Discovers Another High Grade Gold Zone at NFX’s Larder Lake...
16/08/2007(Larder Lake (chiminis))Two New High-Grade Gold Zones Discovered at Larder Lake
31/07/2007 Acquires An Option On A High-Grade Gold Project In Idaho, U...
22/07/2007(Larder Lake (chiminis))New Mineralized Zone Confirmed & Extended At Larder Lake
20/07/2007Visible Gold in latest Bird-in-Hand drill hole - Maximus
29/06/2007(Hope Bay Boston)Mineralization Confirmed At Hope Bay Chicago Zone. Drill Res...
27/04/2007(Larder Lake (chiminis))Identifies A New Mineralized Zone At Larder Lake
24/04/2007Diamond Drilling Begins At Maximus' Hope Bay Project
Communiqués de Presse de Bear Lake Gold Ltd.
15/05/2014IIROC Trading Halt - BLG
06/05/2014Bear Lake Gold Announces Shareholder Approval of Plan of Arr...
26/02/2014Kerr Mines and Bear Lake Enter Into Arrangement Agreement
24/01/2014Kerr Mines and Bear Lake Gold Announce Agreement to Combine ...
07/09/2011/ BEAR LAKE GOLD LTD.
29/06/2011/ PRESS RELEASE
27/08/2009reports proposed class action
27/05/2009$500,000 increase in Offering to raise up to $2,500,000
12/02/2009Correction to February 6, 2009 Press Release
28/11/2008QUEENSLAND MINERALS LTD. / PRESS RELEASE
07/11/2008QUEENSLAND MINERALS LTD. / PRESS RELEASE
23/09/2008Completes Share Consolidation
19/09/2008Notice to Shareholders (Bear Lake Gold formerly Maximus Vent...
16/09/2008Announce Completion of Business Combination
29/07/2008DATED JULY 29, 2008
15/07/2008QUEENSLAND MINERALS LTD. / PRESS RELEASE
13/06/2008and NFX Announce Agreement to Combine Companies
30/01/2008 Announces the Promotion to VP Exploration and Option Grants
07/01/2008Announces Option Grants
20/12/2007and NFX Confirm Extension of the Bear Lake Gold Zone at Lard...
18/10/2007SELLHEIM GOLD PROJECT: BONANZA GRADE SAMPLE
06/09/2007Update on Exploration Activities and Liquidities
20/08/2007Comments on Status of Short-Term Investments
04/08/2007Engages IR Services
23/05/2007WA boost for Maximus
07/05/2007Reports Exploration Results On Excelsior Springs And Keyston...
01/03/2007Reports Remaining Assays from Excelsior Springs Gold Project...
23/02/2007News Release
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