Lake Shore Confirms Thick, High-grade Gold Area at 144 Gap Zone

- February 24th, 2015

Lake Shore Gold Corp. (TSX:LSG) announced results from a further 10 drill holes and one wedge hole completed at its 144 exploration area. The drill program was launched in August 2014.

Lake Shore Gold Corp. (TSX:LSG) announced results from a further 10 drill holes and one wedge hole completed at its 144 exploration area. The drill program was launched in August 2014.

Highlights include:

  • High-grade core identified over 250 metre vertical height, 75 – 100 metre width and 50 – 75 metre strike length, remains open for expansion (Key intercepts: 5.36 gpt/47.0 m, including 9.70 gpt/18.40 m, 4.09 gpt/56.9 m, including 13.94 gpt/5.4 m, 4.55 gpt/39.6 m, 7.09 gpt/19.9 m, 5.11 gpt/19.4 m and 4.42 gpt/21.1 m)
  • Drilling near northeast limit of 144 Gap Zone confirms and expands gold mineralization (Key intercepts: 5.72 gpt/10.5 m, 32.47 gpt/3.5 m, 10.61 gpt/5.3 m, 78.44 gpt/1.9 m, 5.26 gpt/ 10.3 m, 5.61 gpt/4.9 m, 3.80 gpt/20.1 m and 4.36 gpt/11.5 m)
  • Drilling continuing with 6 surface rigs, underground exploration drift in progress
  • Approximately 120,000 metres of surface and underground drilling planned in 2015.

Tony Makuch, president and CEO of Lake Shore, commented:

Today’s results confirm the presence of a significant area of thick, high-grade gold mineralization within the 144 Gap Zone. This high-grade core is open for continued expansion along strike, to the west and towards surface with additional drilling and has excellent potential for conversion to resources. The additional information provided from today’s results further supports our view that the 144 Gap Zone is a very special area of mineralization and provides valuable information that is helping us to position our underground drill platform into the area. With six drills working on surface, our exploration drift advancing towards completion during the third quarter, and underground drilling expected to commence by mid-year, we are working towards establishing an initial resource at the 144 Gap Zone for the end of 2015.

Click here to read the full Lake Shore Gold Corp. (TSX:LSG) press release.

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