Lake Shore Gold Corp. (TSX:LSG,NYSEMKT:LSG) announced the completion of a NI 43-101 resource estimate for its 144 Gap deposit in Ontario.
Highlights are as follows:

• 301,700 ounces in Indicated category (1,734,000 tonnes at average grade of 5.41 gpt)
• 319,200 ounces in Inferred category (1,914,000 tonnes at average grade of 5.19 gpt)

Other key points from the release include:

• New drilling confirms existing results and highlights opportunities for resource expansion
  • Significant intersections within defined resource (but not included in resource estimate) include 49.92 gpt/22.7 m, 31.27 gpt/18.5 m, 10.56 gpt/7.8 m, 5.41 gpt/36.0 m
  • Significant intersections outside resource include 6.43 gpt/12.5 m, 5.97 gpt/18.8 m, 9.43 gpt/12.4 m, 9.43 gpt/8.7 m, 8.09 gpt/9.9 m
• Definition and expansion drilling in progress with 46,000 metres from underground and 7,000 metres from surface planned in 2016.

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