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

This is what Lakeshore is looking for with 5 million drill

[idlefreebird]

program at 144 property.GLTAL

Lake Shore Gold Reports 12.75 Grams Per Tonne Over 83.40 Metres at Thunder Creek

06/24/2009

Download this Press Release(PDF 259 KB)

• TC09-68b intersects 12.75 grams per tonne (gpt) gold (Au) over 83.40 metres (m), or 13.73 gpt over 77.50 m, including 24.68 gpt over 13.00 m, 38.22 gpt over 11.00 m and 26.78 gpt over 8.50 m


• High-grade intercepts among best drilled in Timmins Gold Camp


• Second mineralized porphyry unit identified

TORONTO, ONTARIO--(Marketwire - June 24, 2009) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced results for six new holes and one wedge hole (5,900 metres) as part of its ongoing 22,000 metre diamond drill program at the Thunder Creek joint venture property, located immediately adjacent to Lake Shore Gold's 100%-owned Timmins Mine project. The Company holds a 60% interest in the Thunder Creek property, and is the operator of the joint venture with West Timmins Mining Inc.

The results include wedge Hole TC09-68b, which intersected the best widths and grades encountered to date at Thunder Creek. TC09-68b intercepted 12.75 gpt Au over 83.40 m or 13.73 gpt over 77.50 m, including 24.68 gpt over 13.00 m, 38.22 gpt over 11.00 m and 26.78 gpt over 8.50 m. The broad intercept in TC09-68b, which spans the full width of the Porphyry unit, contains many of the features from other holes including strong alteration, intermittent quartz veinlets, local visible gold and accessory minerals such as molybdenite, galena, sphalerite and scheelite. TC09-68b also intersected mineralization in the Rusk Zone, with an intercept of 5.62 gpt Au over 4.90 m, including 9.50 gpt over 2.20 m, and also intercepted 1.01 gpt Au over 6.00 m in a new, second Porphyry unit discovered near the bottom of the hole. TC09-68b is located approximately 50 metres above the previously released wedge Hole TC09-68a, which included an intercept of 10.09 gpt Au over 4.70 m, including 17.16 gpt over 2.25 m.

[goldhappy]

Yes idlefreebird that kind of drilling is what we need right now. Good timing with the post from 2009. It reminds everyone and educates the new commers what LSG is all about. It is the speculation of tremendous hidden wealth...I should not say hidden as we already know it's there. Question is how much. It really is not very expensive to find out how much when LSG is earning profits in excess

[dutchmann64]

.....I could'nt agree more.....this is a great company....."Freebirds" comments carry weight with me. very insghtful. Much appreciated.

[bossu]

Idlefrebird,I remember that press release 5 years ago and it is was (and is still)very impressive! Should they find something like that at Bell Creek(or even half that intersection)that would be a'' home run'' for LSG and this is that could happened any day...There is gold every where on their property and the problem is to find it!!! Let's be patient!

[idlefreebird]

bossu , yes and it will be found at depth , therefore time is needed but there is gold all over and land position for Lakeshore are great.GLTU personaly I would prefer Bell Creek area turned into swiss cheese but i'm only an investor.

[yoda2]

idlebird Do i Recall correctly that the prospects of Thunder Creek contributed greatly to LSG's rise to over $4, and then  later  results from Thunder Creek lead to the crash in LSG's price because the ore body proved to be of lower grade than that being promoted by the then CEO. It seemed that LSG paid too much for Thunder Creek.

[geoffs13]

Is this correct --ore body was lower grade ?????

[idlefreebird]

geoffs13 , yes correct but this was just a piece of the pie, lol when put together whole pie is the grade they gave 4.7 to 5 gpt.GLTU

[goldhappy]

Geoffs13 as LSG fine tunes the preliminary development drill the grades changed and were published a little lower. Good geologists will be extremly conservative with the assays and ore outlines. They must be able to defend the published tons and grades. Adding more dilution is a good tool because often some cave rock will enter the system. No one can accurratley say how much rock will enter the

[idlefreebird]

yoda2 , no it was Timmins mine that was expected to be 9 plus gpt and the stock drop when Tony overpromissed in May 2010 as he said our 120,000 onces would be met then July brought down to 85,000 and we maid 63,000 something like that just jumping at numbers in my head not really going back to research accurate so don't quote me on them.But it was May 2010 overpromiss that loss faith in

[yoda2]

thank you idle -- your memory is better than mine. I still have a strong sense that LSG overpaid substantially for its major acquisition and that this acquisition was driven by Tony's ambition. As a result many investors suffered significantly. And I agree progress is being made but there is still a strong lurking suspicion that Tony is not the guy for the job.  He seems to be proving

[Timminsgold]

YODA 2 DO NOT BLAME TONY Do not blame Tony for buying West Timmins remaining 40% of ownership. He reports to the BOD and they made that decision. Until October 2010, Hochschild Mining controlled the LSG BOD. They strongly influenced the BOD's decisions on key issues and in particular ,the purchase of these shares. To date, the property has not lived up to the pre purchase hype.

[yoda2]

Timmins thank you for the response.  the subject of your comment  "To date, the property has not lived up to the pre purchase hype.'  combined with  the overly optimistic unfullfilled promises and the desperate expensive financings have left a big cloud of doubt hanging over LSG.  There are many frustrated longtime shareholders who blame Tony for all of this

[geoffs13]

There is a lot of TRUTH in what you say ,but that is in the PAST ,lets hope its NOT TO LATE and Tony turns the ship around . Even Barrick had problems ,those were HEADY TIMES .

[Timminsgold]

[HARJAY]

[Timminsgold]

Yoda you are correct! The drill results in hole TC069(12.75g/t over 77.5m including 24.68 g/t over 13m) have not been located underground and consequently LSG dramatically overpaid for Thunder Creek. On the other hand LSG is locating the grades in the Dr. Raman/Timmins mine exactly where they were supposed to be(see my post of last week). They have outlined the7/8 g/t in current stopes at the

[geoffs13]

To some this may be the first time ,this information has been available re TC069. " LSG dramatically overpaid for Thunder Creek."

[goldhappy]

yoda2...you are partly correct. Just from what I remember off the top is the stock dropped heavily when Hothschild Mining sold out. Shortly after we were advised the mill was too small for what Tony wanted to do. It had been a small exploration company doing not so bad and no debt. The mill was good for 1500 tpd or so. Good enough to expand the resource and pay for the exploration with processing