I spoke with Francois Viens(CEO) last week. We should start seeing drill results after the new year. He wouldn't release results during the holidays anyways, due to thin markets, he made a good point, "who is around to see them?".
He is expecting to have a 43-101 resource estimate on part of the Bear Lake Gold Zone in the 1st qtr of 2011, at the end of the current drill program.
I confirmed with Mr. Viens that Cheminis has a little over 400,000 oz of gold in the historical category.
He is confident that between Bear Lake, Cheminis, Swansea, Barber Larder, and Fernland, there will be multi-million ounces of gold proven.
The current drilling at Swansea is further exploration of SW87-04 completed by Eldor Resources in 1987, which intersected 0.30 opt Au (10.3 gpt Au) over 6.1 m in “quartz flooded fuchsitic tuff”. The intersection occurs at a vertical depth of 300 m within the same volcanic horizon that hosted the Omega deposit located 2.5 km to the east.
If all goes as planned, I believe BLG.V(BLGFF.PK) will suprise to the upside in 2011. GLTA
