RE: NEWS RELEASE...Bell CreekExcellent!!
Lake Shore Gold drills 7 m of 8.99 g/t Au at Bell Creek
2010-01-18 14:10 ET - News Release
Mr. Tony Makuch reports
LAKE SHORE GOLD CONTINUES TO DEFINE AND EXTEND LARGE NEW GOLD SYSTEM AT BELL CREEK
Lake Shore Gold Corp. is releasing encouraging results from 17 new holes and five wedge holes for 10,435 metres of drilling. The results include several significant intersections which continue to confirm and expand the overall potential below the Bell Creek mine. The results include 8.99 grams per tonne (g/t) gold (Au) over 7.0 metres, 3.12 g/t Au over 24.30 metres, including 6.11 g/t over 5.50 metres, 14.63 g/t over 1.30 metres and 7.1 g/t over 1.0 metre in BC-09-53B, located 95 metres below previously reported BC-09-53 (12.67 g/t over 14.40 metres). The results of BC-09-53B re-enforce the results of BC-09-53 and extend the Bell Creek mineralization to below 1,300 metres downplunge.
Mineralization in BC-09-53B occurs within a broad zone containing hydrothermal alteration, local quartz veining, and sulphide mineralization measuring over 75 metres wide, and having a strong resemblance to the zone indicated by previously reported holes BC-09-24B, BC-09-53 and BC-09-53A. Mineralization in these holes remains open for expansion to depth and to the west, and gets stronger and wider to depth.
BC-09-71A intersected 9.35 g/t Au over 5.5 metres, including 19.22 g/t over 2.28 metres, and BC-09-069B intersected 8.05 g/t Au over 5.6 metres and 9.19 g/t Au over 3.4 metres, including 19.38 g/t over 1.0 metre and 7.30 g/t Au over 1.70 metres, in an untested gap west of previously reported BC-08-09 (7.60 g/t over 6.30 metres and 5.94 g/t over 5.80 metres). BC-09-71A extends the new gold system at Bell Creek to the west by approximately 70 metres from BC-08-09.
BC-09-72 intersected 21.43 g/t Au over 4.90 metres and 15.65 g/t Au over 1.50 metres, and BC-09-77 intersected 6.13 g/t Au over 14.70 metres, including 8.04 g/t over 7.10 metres. These results are in an untested area between 475 and 575 metres below surface, and are located in close proximity to the planned location of the new near-surface ramp which is currently being developed at Bell Creek, adding potential for near-term ore feed to the Bell Creek mill. The new ramp is currently at a vertical depth of 130 metres and the historic mine workings dewatered to the full depth of 300 metres.
Tony Makuch, president and chief executive officer of Lake Shore Gold, commented: "Today's results are exciting as they show encouraging grades, widths and continuity, and support our view that a large new gold system exists at Bell Creek, which is open both along strike and to depth. Drill holes filling large gaps in the vein structures above the 1,000-metre level are showing mineralization to be continuous with attractive widths. As well, with significant intersections in BC-09-53B and S-09-07, we have extended the mineralization to depth, reaching a total plunge length exceeding 1,300 metres.
"The company is currently carrying out an advanced underground exploration program on the property and this work is progressing very well, including completion of the dewatering of the Bell Creek shaft, and development of a new ramp from surface to intersect mineralization both in mine remnants and below the lowest mine level at 300 metres. Mineralization mined through this program will be processed at the Bell Creek mill, located directly beside the headframe, beginning in 2010. Diamond drilling on the property is focused on extending the mineralization to the west of holes BC-09-71A and BC-09-53B, as well as testing the downplunge extension of the mineralization below BC-09-53B and S-09-07. Based on results to date, an engineering study for deepening the Bell Creek shaft to a depth of 1,200 to 1,500 metres is being carried out."
Newly received assays from previously released BC-09-63 include 12.67 g/t Au over 1.20 metres and from BC-09-53A include 8.02 g/t Au over 1.30 metres. The new results in BC-09-53B increase the combined width of significant mineralized zones to 38.6 metres, which is comparable with that obtained in BC-09-53B, which totalled 36.5 metres.
Also, S-09-07B intersected the zone 75 metres east of BC-09-53B and returned 8.36 g/t Au over 1.30 metres. Hole S-09-07 intersected the zone 75 metres below BC-09-07B and obtained 8.14 g/t Au over 2.90 metres. These intersections continue to illustrate the continuity of the gold system downplunge and to the east.
In addition to the new assays, interpretation of previously released results in holes BC-08-05 (6.91 g/t over 1.15 metres, BC-08-06 of 3.47 g/t over 3.1 metres and 12.27 g/t over 0.5 metre) and BC-08-08 (8.62 g/t over 2.0 metres) suggest that the area west of the diabase dike may host the possible western extension of the Bell Creek veins or a newly developing series of vein structures. Newly completed holes BC-09-47, which returned 2.28 g/t Au over 1.5 metres, and BC-09-48, which returned 2.69 g/t Au over 1.5 metres, both show the west projection of the west zone mineralization across the diabase dike within 100 metres of surface.
The company will resume drilling at Bell Creek later this month following a three-week shutdown at the end of December, with plans in place to ramp up to four drills on the property.
Quality control
The company's qualified person (QP) for the Bell Creek property is Stephen Conquer, PGeo. As QP, he has prepared or supervised the preparation of the scientific or technical information for the property and verified the data disclosed in this news release.
Lake Shore Gold has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. Assays have been completed using a standard fire assay with a 30-gram aliquot and an AA (atomic absorption) finish. Samples with assay results above 3.0 g/t are reanalyzed using a gravimetric finish. Any intervals showing visible gold (VG), as well as select intersections, based upon visual inspection of the core, are some times analyzed using the pulp metallic method. NQ-size drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to ALS Chemex.
BELL CREEK PROPERTY -- SIGNIFICANT ASSAY RESULTS Hole No. From To Length Assay Comments (m) (m) (m) (g/t) BC-08-09C 908.20 911.80 3.60 7.67 previously reported 915.00 916.00 1.00 6.82 previously reported 973.60 979.40 5.80 5.94 previously reportedincludes 973.60 976.60 3.00 9.15 previously reported 1,003.50 1,005.20 1.70 4.82 VG at 1,004.6 metresincludes 1,004.30 1,004.80 0.50 10.55 VG at 1,004.6 metresBC-09-47 138.75 140.25 1.50 2.28BC-09-48 192.80 194.30 1.50 2.69BC-09-51 199.50 200.00 0.50 4.75 761.50 762.20 0.70 8.70 774.80 776.20 1.40 4.69 792.50 793.30 0.80 4.57BC-09-52 302.30 303.40 1.10 6.70 496.80 497.10 0.30 5.54 VG at 496.9 metres 521.40 521.70 0.30 6.05 VG at 521.4 metres 542.60 543.15 0.55 13.40BC-09-53A 1,105.40 1,106.70 1.30 8.02 1,114.40 1,116.20 1.80 8.19 previously reported 1,130.90 1,133.10 2.20 3.80 previously reported 1,163.50 1,189.90 26.40 5.13 previously reportedincludes 1,163.50 1,169.10 5.60 9.75 previously reportedand includes 1,174.40 1,178.90 4.50 7.38and includes 1,188.40 1,189.90 1.50 12.80 previously reported 1,202.10 1,203.00 0.90 7.30 previously reportedBC-09-53B 1,153.90 1,155.20 1.30 14.63 VG at 1195.6, 1197.8, 1,193.00 1,217.30 24.30 3.12 1,215.8 metresincludes 1,207.40 1,212.90 5.50 6.11 VG at 1,210.45 metres 1,229.80 1,236.80 7.00 8.99 1,261.70 1,262.30 0.60 7.26 1,265.10 1,266.50 1.40 3.29 1,269.10 1,270.10 1.00 7.71 1,282.40 1,283.30 0.90 3.57BC-09-56 148.80 149.75 0.95 4.20BC-09-58 117.10 117.70 0.60 6.71 668.70 670.60 1.90 9.49 previously reportedincludes 670.00 670.60 0.60 16.40 previously reportedBC-09-61 186.00 188.20 2.20 6.61 522.40 522.70 0.30 4.77 538.90 540.20 1.30 3.14 597.00 600.40 3.40 1.49 621.50 622.60 1.10 5.11BC-09-63 815.30 815.70 0.40 5.29 832.30 839.40 7.10 7.01 previously reported 868.90 870.10 1.20 12.67 VG at 918.1 metresBC-09-69 889.00 891.85 2.85 4.56 896.76 897.10 0.34 8.19 924.75 926.25 1.50 6.14 933.10 935.20 2.10 6.95includes 933.80 934.85 1.05 11.32BC-09-69A 909.00 912.50 3.50 6.21BC-09-69B 876.30 878.00 1.70 7.30 884.00 889.60 5.60 8.05includes 888.00 888.60 0.60 37.40 902.40 903.00 0.60 4.73 904.50 907.90 3.40 9.19includes 906.90 907.90 1.00 19.38 932.50 933.30 0.80 4.20 963.00 963.90 0.90 4.06 963.00 966.90 3.90 3.97BC-09-71A 1,092.55 1,098.10 5.55 9.35includes 1,093.00 1,096.35 3.35 19.22BC-09-72 87.00 87.60 0.60 3.39 468.00 469.50 1.50 15.65 551.80 556.70 4.90 21.53 565.10 566.80 1.70 3.24 612.00 614.80 2.80 3.78BC-09-77 604.80 619.50 14.70 6.13includes 612.40 619.50 7.10 8.04S-09-07 1,318.90 1,325.00 6.10 0.80 Schumacher property 1,347.00 1,349.90 2.90 8.14 1,353.50 1,354.10 0.60 4.08S-09-07B 1,287.80 1,289.10 1.30 8.36 on Bell Creek property 1,323.30 1,325.40 2.10 3.73 1,429.10 1,431.50 2.40 2.42Notes:(1) Holes BC-09-65, BC-09-66, BC-09-68, BC-09-70, BC-09-74, BC-09-75, BC-09-76, BC-09-78 and BC-09-78-1 stopped early due to excessive deviation.(2) Hole BC-09-53A was wedged off hole BC-09-50 at 689 metres. Additionalunreleased assays are reported.(3) Hole BC-09-53B was wedged off hole BC-09-53 at 570 metres.(4) Hole BC-09-53C was wedged off BC-09-53B at 623.0 metres and was abandoned at 665.0 metres.(5) Hole BC-08-09C was wedged off hole BC-08-09B at 475 metres.(6) Hole S-09-07A was wedged off S-09-07 at 817.0 metres, was abandoned at 915.0 metres and returned no significant assays.(7) Hole BC-09-71A was wedged off BC-09-71 at 596.0 metres.(8) Hole BC-09-69A was wedged off BC-09-69 at 500.0 metres.(9) Hole BC-09-69B was wedged off BC-09-69 at 480.0 metres.(10) Holes S-09-07B were collared on the Schumacher property but finished on the Bell Creek property.(11) Results for holes BC-09-58, BC-09-63 and BC-08-9C are in addition to previously reported assays.(12) True widths are not known at this time.
We seek Safe Harbor.