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LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB



TSX:LSG.DB - Post by User

Post by Wikyon Oct 07, 2014 7:39am
375 Views
Post# 23005040

Drill results

Drill resultsLake Shore Gold Intersects Wide, High-Grade Gold Mineralization at 144 Property, Confirms Earlier Gold Discovery Near Thunder Creek Deposit (ccnm)TORONTO, ONTARIO--(Marketwired - Oct. 7, 2014) -First hole in new surface drill program at 144 Property intersects 5.37 grams per tonne ("gpt") over 46.0 metres ("m"), including 21.87 gpt over 6.0 m and 12.54 gpt over 4.4 m Intersections confirm presence of high-grade gold mineralization within 770 m of Thunder Creek Deposit, first discovered from 2012 drill program Zone open for expansion both along strike and to depth below the 700 m elevation Proximity to Timmins West Mine allows access to Zone from existing mine infrastructure at Thunder Creek Elevated gold mineralization associated with broad corridor of alteration and deformation containing multiple porphyry intrusions and occurrences of visible gold extending from Thunder Creek southwest to 144 South (3 km distance) Work continuing with two drills active and third drill currently being mobilized.Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced results from the first drill hole (1,290m) of a new 10,000 m surface drilling program at the Company's 144 Property ("144" or the "Property"). The 144 Property is located immediately southwest of the Timmins West Mine Thunder Creek Deposit and covers about 4.0 kilometres of the same volcanic/ultramafic intrusive/sedimentary contact (the TC-144 Trend) that hosts both Thunder Creek and Timmins Deposit. The Property includes three main target areas, including the 144 Gap (adjacent to Thunder Creek), 144 North and 144 South. The new drill program, launched in August, is initially targeting the 144 Gap, with drilling also to include holes in both the 144 North and 144 South targets.Tony Makuch, President and CEO of Lake Shore Gold, commented: "We are extremely pleased with the results from the first hole of our new drill program. Since our last program at 144 in 2012, we have continued to study and access the area and feel we have a very good understanding of the geology and exploration potential of 144. The Property shares the same geological structure as both the Timmins Deposit and Thunder Creek and, with continued exploration success, could effectively transform Timmins West Mine from an operation with two deposits, to a mining complex with multiple deposits over a long mineralized trend. Today's results not only confirm the presence of wide, high-grade gold mineralization close to Thunder Creek, but expand the target area from the intersections in the discovery hole drilled in 2012. While it is still early days in terms of accessing the Property, 144 is clearly a high-priority target and we are adding a third drill in order to accelerate the evaluation of its potential. We look forward to continuing the drill program and to receiving additional results."Significant intercepts include 5.37 gpt over 46.0 m, including 21.87 gpt over 6.0 m and 12.54 gpt over 4.4 m, as well as 4.06 gpt over 5.1 m, including 32.30 gpt over 0.3 m and 21.0 gpt over 0.4 m and 5.76 gpt over 1.2 m.
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