Lions Gate Metals Inc. (TSXV:LGM) announced the completion of the Phase 2 diamond drill program at the Poplar Project, 35km from Imperial Metals’ Huckleberry Mine.
As quoted in the press release:
Twenty-nine holes, totaling 10,913.93m, were drilled in this phase of exploration. The drill core has been logged and sampled, and all samples have been submitted for analyses.
The Phase 2 Drill Program was designed to augment the program completed in March this year. Using the data obtained from the early drilling program, LGM’s geological team designed a new drill plan to increase the confidence in the current resource, extend the limits of the Main Zone deposit laterally and at depth, and provide more gold and silver data.
The recent program increases the total drilling for 2011 to 42 holes over 16,481 metres. As assay results are returned, LGM will improve its understanding of the deposit and its mineralization. The new data will be used to generate an updated resource calculation that will include, for the first time, gold and silver grades, which are expected to augment the already significant copper molybdenum grades.