TSX:LSG.DB - Post by User
Post by
cre8valueon Jun 14, 2014 9:10am
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Post# 22660228
Another coincidence with Fenn Gib? Volcanics?
Another coincidence with Fenn Gib? Volcanics?
For those that don't know The LSG Fenn Gib project is next to the ME Moneta Golden Highway project. Together they hold around 6-7 million oz. Drilling by both companies in the volcanics could be a game changer if they are successful and push this into double digits. We all know that Moneta is drilling in the volcanics adjacent to the proposed pit. We know that they hit 2.02 g/t over 114.5 meters there. Well I was very surprised when I went to the 43-101 put out in Nov 2011 on the Fenn Gib project page 87. It looks like the very same thing has occurred there. 2.17 g/t over 36 meters in the volcanics adjacent to the pit. See below. The next stage of exploration within the Fenn-Gib property should focus on enhancing the value of the Fenn-Gib deposit within and proximal to the preliminary optimized pit (Figure 44). The total Phase 1 exploration program should be on the order of 50,000m and should focus on these four points: A. Of particular impact to the project is the mineralization within the volcanic rocks north of the deformation zone. This area has potential to generate pockets of ore grade material that would enhance the economics of the project. The potential was highlighted by a drill hole completed by Lake Shore Gold as part of the verification process. FE-11-04 intersected 2.17g/t Au over 36m (453-489m downhole) and 2.40g/t over 20m (631-651m downhole). This mineralization is well within the basaltic footwall to the deformation zone.