Friday, July 01, 2011 9:16:44 AM
I expect we will get another announcement in the next few weeks. From the press release, "The Company will review different options for the continuation of the exploration program at Larder Lake and announce its plans shortly."
To the west of Bear Lake Gold is Queenston (QMI.TO). Last year Agnico Eagle(AEM, NYSE) bought in a large part of Queenston. So the majors are definitely interested in the area.
Might BLG.V take a larger JV partner with deep pockets, maybe merge with Queenston?
Obviously, the initial NI 43-101 was needed on the Bear Lake Gold Zone and Cheminis, and with 917,000 oz. of gold, the projects can move forward. It will be interesting to see what David Fennell has planned in the next few weeks.
To the west of Bear Lake Gold is Queenston (QMI.TO). Last year Agnico Eagle(AEM, NYSE) bought in a large part of Queenston. So the majors are definitely interested in the area.
Might BLG.V take a larger JV partner with deep pockets, maybe merge with Queenston?
Obviously, the initial NI 43-101 was needed on the Bear Lake Gold Zone and Cheminis, and with 917,000 oz. of gold, the projects can move forward. It will be interesting to see what David Fennell has planned in the next few weeks.
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