RE: DRILLS TURNING2nd last paragraph -i believe the drill location of the southwest extension is within a few hundred meters of the Melkior border. Watching this one with great anticipation...
Lake Shore Gold Commences Drill Program on Gold River Trend, the Company's Third Major Timmins West Target
2/12/2010 2:49:02 PM - Market Wire
-Program to target Gold River Trend branch fault of the main DestorPorcupine Fault, located on the south side of Timmins West area. -Exploration drilling to focus on expansion of previously defined nearsurface zones, including 18.50 gpt over 5.00 metres, 13.64 gpt over8.20 metres, 11.15 gpt over 7.30 metres, 9.60 gpt over 6.80 metres, andextensions to depth highlighted by 1.03 gpt over 118.20 metres,including 8.64 gpt over 1.00 metre, 7.98 gpt over 1.00 metres and 5.72gpt over 5.00 metres. Potential for both narrow high grade and widerbulk style mineralized zones. - One drill mobilized to Gold River EastZone, two additional drills to be added by end of February, 20,000metres of drilling planned in 2010.
TORONTO, ONTARIO, Feb 12, 2010 (MARKETWIRE via COMTEX News Network) --
LakeShore Gold Corp. (TSX: LSG) ("Lake Shore Gold" or the "Company") todayannounced the launch of the 2010 drill program on the Company's thirdprospective target on its 130 square kilometre Timmins West Gold MineComplex. The Company is mobilizing three drills to the Thorne Propertyto test the Gold River Trend, an east-west trending mineralizeddeformation and alteration zone, traced for over 2.5 kilometres,located on the south side of the Timmins West sedimentary basin. TheGold River Trend is interpreted as a branch fault from the DestorPorcupine Fault with broad similarities to the Dome Fault, a major orecontrol of the historic Dome Mine.
The Gold River Trend variesfrom 50 to 200 metres in width and is dominated by strongly sheared andhydrothermally altered sedimentary and volcanic rocks which have beenintruded by lenses of porphyry. Work to date indicates that at least 15different zones of gold mineralization exist with potential for beingdefined as narrow high grade or wide bulk resources. In most cases themineralization is closely associated withpyrite-arsenopyrite-ankerite-quartz veins.
Past drilling on theGold River Trend has largely been focused on shallow targets, above 300metres, leaving open the possibility for outlining both near surfaceand underground resources extending to depth. Limited previous drillingof deeper targets has highlighted the potential for depth extension,with Hole GW-09-54 intersecting 1.03 gpt over 118.20 metres, including8.64 gpt over 1.00 metre, 7.98 gpt over 1.00 metre and 5.72 gpt over5.00 metres at a downhole depth of 638 metres.
Tony Makuch,President and CEO of Lake Shore Gold, commented: "We are very enthusedabout the potential of the Timmins West area and the Gold River Trend,and believe that a large syncline underlies the area, similar in natureto the Porcupine Syncline, which hosts the historic Timmins mines,including the Hollinger, McIntyre and Dome. The Gold River Trend hasmany similarities to the Dome Fault (a major ore control of the DomeMine deposit) and the fact that historic work has outlined extensivenear surface alteration and gold mineralization over a 2.5 kilometredistance, which can be expanded, demonstrates the highly prospectivenature of this area.
"We plan to explore extensively at theThorne Property, as well as at the 144 Zone, which is locatedsouth-west of Thunder Creek. We have also entered into a bindingagreement to acquire five additional claims along the Gold River Trend,which emphasizes our commitment to this area as the next target ofgrowth for Lake Shore Gold."
The majority of knownmineralization defined to date is related to three main areas: NorthPorphyry, Gold River East and Gold River West where multiple lenses ofhigher grade mineralization occur in close proximity to each other.
TheNorth Porphyry and Gold River East areas cover a combined strike lengthof approximately 500 metres on the east part of the trend and the WestZone a strike length of approximately 300 metres on the west end of thetrend. The zones are defined by results from drill programs led byBand-Ore Resources Ltd. ("Band-Ore") in the mid-to-late 1990's and byWest Timmins Mining Inc. ("West Timmins") in 2009. Recent work on theproperty by West Timmins tested the lower portions of both the GoldRiver East and West zones and indicated that the width and strength ofalteration remains strong and wide to depth with several significantintercepts confirming results obtained by Band-Ore. Significant pastresults in the Gold River East area by Band-Ore include 9.60 gpt over6.80 metres and 98.30 gpt over 1.20 metres in TH97-193 and 18.50 gptover 5.00 metres, including 73.44 gpt over 1.00 metre, in TH97-158.Recent results by West Timmins in the same vicinity obtained 13.64 gptover 8.20 metres in GS09-31 (see press release issued by West Timminson May 12, 2009 - available at www.lsgold.com, "Other TW Properties")and 11.15 gpt over 7.30 metres in GS09-35 (see press releases issued byWest Timmins on July 9, 2009 - available at www.lsgold.com, "Other TWProperties"). Significant recent results from the Gold River West areainclude an intercept of 1.03 gpt over 118.20 metres, including 8.64 gptover 1.00 metre, 7.98 gpt over 1.00 metre and 5.72 gpt over 5.00metres, at a downhole depth of 638 metres in GW-09-54 (see pressrelease issued by West Timmins on November 4, 2009 - available atwww.lsgold.com, "Other TW Properties").
Past resource estimatesat the Thorne Property include a National Instrument ("NI") 43-101compliant inferred resource for the Gold River Zone of 400,000 ouncescompiled by Spiteri Geological and Mining Consultants Inc. Thisresource estimate assumes mainly a bulk mining concept and considerablylower gold prices than at present. Lake Shore Gold has not reviewed orverified the results from the above estimate and cannot verify itsvalidity at this time.
The 2010 drill program for the propertywill consist of approximately 20,000 metres and be directed mainlytowards extending the Gold River East and West zones to depth and alongstrike. Some preliminary testing will also be carried out of selectedtargets such as the Kapika Zone and Thibault horizon to gain a betteroverall perspective of the geological model for this region. Thedrilling commenced on February 10, 2010 with one drill at the GoldRiver East Zone, with two additional drills being added by the end ofFebruary.
In addition to the drill program on the ThorneProperty, Lake Shore Gold is currently planning a drill program for the144 Zone, also obtained through a business combination with WestTimmins in November 2009, which is located on the southwest extensionof the same geological contact hosting mineralization at the ThunderCreek property. The most recent work at the 144 property by WestTimmins in 2009 was successful in defining very similar rock types andalteration to that found near the main mineralized zones at the ThunderCreek property. Significant results from the 2009 drilling by WestTimmins on the 144 Zone included 0.63 gpt over 29.00 metres, including11.80 gpt over 0.50 metres in a sheared and altered volcanic andporphyry.
The Gold River Trend, 144 Zone, Thunder Creek andTimmins Mine all lie within 3-4 kilometres of each other, implying thatsignificant synergies my exist in exploring, developing and operatingthese properties as one large-scale mining complex.