RE: OSC Investigation
"Still would like to know about Bear Lake/Eloro connections"
aside from Mr.Larsen serving as Vice Chairman and a Director on Bear Lake's board ... the only connection with Eloro is the one in your head. Here's Bear Lake's explanation of events leading to the OSC investigation of Bernard Boily.
https://www.sedar.com/GetFile.do?lang=EN&docClass=2&issuerNo=00004359&fileName=/csfsprod/data115/filings/01716985/00000001/j%3A\torsdr01\Mar_28\BearLake\AR.pdf
On July 21, 2009, the Company announced that it had become aware of material inconsistencies regarding the
Company’s exploration data that appeared to compromise the Company’s prior reporting of exploration results
in respect of the Larder Lake Property. Upon learning of these matters, the Company immediately commenced
an investigation. Scott Wilson Roscoe Postle Associates (“Scott Wilson RPA”) led the technical investigation
and Stikeman Elliott LLP led the legal aspects of the investigation. The Company’s Board of Directors
established a Technical Committee to supervise the investigation, review internal technical procedures and
make recommendations to the Board of Directors.
On November 3, 2009, the Company announced that Scott Wilson RPA had substantially completed its
technical investigation into the Larder Lake exploration data. Scott Wilson RPA issued a report to the Company
and its Board of Directors dated November 2, 2009 (the “Report”) which confirmed certain data inconsistencies
disclosed during the period from November 27, 2008 to July 14, 2009 as well as three additional inconsistencies
initially disclosed on December 20, 2007, June 4, 2008 and September 4, 2008, as identified in the Report.
The Company determined that its former Vice President Exploration and the “qualified person” (as such term is
defined in NI 43-101) who prepared and supervised the preparation of all relevant data and technical disclosure,
had altered certain assay certificates by manually changing the assay results prior to entering such results in the
Company’s exploration database in respect of the Bear Lake area of the Larder Lake Property (the “Database”).
The Company has further determined that, in certain instances, he had used certain assay results selectively at
his discretion, when calculating the drill hole intercept averages resulting in a bias toward higher grades being
disclosed in the press releases than were supported by all of the data in the original laboratory assay
certificates. Based upon the investigation completed, the Company has determined that there was no evidence
of tampering with core or samples sent to the assay labs, other than potentially one hole which remains
unresolved, and that the only evidence was of data tampering with assay certificates and the Database. The
Company has also determined that its former Vice President Exploration had acted alone and there was no
evidence of anyone else having been involved, based on the completed investigation.
So.... until you can provide proof otherwise.... you've wasted enough of my time
SRV