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

Lake Shore Gold Reports Continued Drilling Success at 144

[niceindy]

TORONTO, ONTARIO--(Marketwired - Oct. 28, 2015) - First underground hole into western portion of 144 Gap Zone intersects 6.85 gpt/59.2 m Additional underground delineation holes in northeast portion of 144 Gap Zone intersect 79.52/8.3m, 10.91 gpt/11.9 m, 5.19 gpt/13.3 m, 5.29 gpt/18.1 m, 5.36 gpt/ 28.1 m, 6.98 gpt/36.1 m, 6.05 gpt/31.5 m, 11.64 gpt/8.9 m and 4.39 gpt/37.9 m Surface delineation holes targeting top portion of 144 Gap Zone intersect 12.13 gpt/13.8 m, 6.58 gpt/28.1 m, 5.76 gpt/24.5 m, 4.96 gpt/20.4, 4.78 gpt/13.9 m, 4.06 gpt/21.7 m, 4.29 gpt/15.1 m, 4.78 gpt/13.0 m and 3.23 gpt/ 16.9 m Surface drilling at 144 South discovers new zones of gold mineralization 450 metres below and northeast of previous drilling (Key intercepts: 3.11 gpt/19.1 m, 5.38 gpt/3.6 m, 4.27 gpt/7.3 m, and 9.59 gpt/ 3.0 m)

[cre8value]

Looks like they drifted directly into the center of the ore body.  Beautiful job!  Time to run 5500 TPD on HIGHER grade ore. Of the 40 holes, 39 holes (7,165 metres) were from underground drills working off the now completed exploration drift from Thunder Creek into the 144 Gap area, while one hole and nine wedge holes (6,780 metres) were drilled from surface. 

[Consvestor]

These are spectacular results.  The 144 Gap has the potential to at least double the LSG share price from these levels.

[bossu]

Those are the ''GOOD RESULTS''I was hoping for, and before  the Q3 Financial results to be published tomorrow!! Excelent  timing Tony !!Congrats!

[bossu]

========= And worth nothing from Tony....''remain on track to achieve our objective of releasing a first resource in early 2016'' So it might be time to annouce the go ahead to increase production to 5500 TPD....

[Risktaker7]

The gap zone is now 400 meters strike and dip length plus add a new 1.6 kilometer discovery from 144 south. I am not sure if they have enough time to drill out everything they wanted before 2016. Drill results are much better then anyone thought they would be. No worrys here,mill expansion has to happen unless goldcorp has other plans. Risk

[finnboy]

The perfect storm this morning as gold is rallying as well $1177.00 at 9:28! Glta

[Wolfin13]

If Goldcorp takes out LSG they will change how they mill all the ore bodies..... Bell Creek and Hoyle Pond will be milled directly at the Bell creek complex......no need to increase tonnage since grade at both mines is so much higher... TW will be trucked to the dome mill as will the open pit materail from Hollinger, Borden and Halnor.....MEK's Ogden claims another hg gold resource currently

[Kayla3620]

I wouldn't count -out AEM.They know how to run a mine and lost-out on Probe,to Goldcorp.This might be an area play that they would be interested as I believe that they know the geology and also have a strong balance sheet.

[Wolfin13]

AEM - not a chance...there is far too much Goldcorp influence, ownership and JV's in the Timmins camp..........Tech would be the only other suitor I would think for LSG because of the EXS drilling and their 70% interest of EXS Timmins claims........and TW would be a huge multi million gold ounce resource to mine...........not to mention a running mill and future gold reserves at Halnor, Juby