Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

View:
Post by rollon on Jan 12, 2016 11:23am

Moving along

Lakeshore has recently hired 2 crews for the GAP piece. They hired 4 miners from the outside and transferred 4 from Bell. In addition they will be taking delivery of a 50 Ton truck in the next couple of weeks and a new Jumbo and McLean bolter. They are gearing up! Given the new equipment and manpower things are looking very positive for the resource which we will get news on in the next 2 months.
Comment by goldhappy on Jan 12, 2016 1:04pm
This is big news Rollon. LSG have found and outlined enough resource and done a feasibility study that will allow some new work. If the grade was not as good or better than the current mill head grade I doubt if Tony would spend capital with so much potential at Bell or any other site. I am not sure why we shareholders are not privy to this information. Are we shareholders supposed to phone the ...more  
Comment by cre8value on Jan 12, 2016 2:25pm
roll - nice. it looks like they have decided to do that bulk sample that I was pushing for here on the board. They will confirm grade and the mining method. This should have some press and excitement looking for a PR with the results.  This could really be a real game changer.  Tony knows it and is going for it!
Comment by bossu on Jan 12, 2016 5:47pm
They just have to drill at 5 meters x 5 meters on a 25 meters block and the drilling samples should represent the grade of the block. The mining method should be the same as they have been using for the past years. This bulk sample should be spectacular but they know the results before  the test. By the way where are you getting that info.? Thank
Comment by BrahmaViddo on Jan 12, 2016 5:49pm
They aren't doing a bulk sample! They are ramming this deposit into the mining phase; desperate for production ore. Hope this doesn't turn into a Rubicon Minerals
Comment by cre8value on Jan 12, 2016 7:07pm
Brahma,   You can bet that this bulk sample will be used to help determine the resource estimate.    They must have liked what they saw in the drilling at Christmas.    The market will be waiting to find out the grade on the 10,000 to 15,000 oz that they    expect to pull out in the "non commercial production"  . Call it what you want.   & ...more  
Comment by BrahmaViddo on Jan 12, 2016 7:14pm
Last I checked claimaps the claims covering GAP are still classified as staked and have not been brought to lease. So yes, they can only declare "non commercial" production for legal reasons but you can sure bet that the many months long process of bringing claims to a 21 year lease is underway.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities