Lake Shore Outlines “Large, Mineralized Zone” at 144 Gap Area
Lake Shore Gold Corp. (TSX:LSG,NYSEMKT:LSG) announced results from four drill holes completed at its 144 exploration area. The company describes the mineralization intersected as wide and high grade.
Lake Shore Gold Corp. (TSX:LSG,NYSEMKT:LSG) announced results from four drill holes completed at its 144 exploration area. The company describes the mineralization intersected as wide and high grade.
Highlights include:
- Minimum dimensions for 144 Gap Zone now confirmed at 100 metres along strike and 250 metres down dip, Zone open for further expansion
- Mineralization extended approximately 110 metres down dip (Key intercepts: 7.18 gpt over 24.0 m, including 12.61 gpt over 11.5 m, and 4.17 gpt over 30.0 m)
- Mineralization extended approximately 50 metres to west (Key intercepts: 5.09 gpt over 24.8 m, including 11.13 gpt over 6.10 m, 15.53 gpt over 2.4 m and 4.91 gpt over 5.2 m)
- Mineralization extended approximately 50 metres to east (Key intercepts: 5.92 gpt over 20.7 m, including 11.08 gpt over 5.3 m)
- Ongoing drill program expanded from 10,000 to 15,000 metres with fourth drill mobilized to site.
Tony Makuch, president and CEO of Lake Shore, commented:
With limited drilling, we have already outlined a large mineralized zone in the 144 Gap. All four new holes have intersected wide, high-grade gold mineralization confirming and extending the size of our discovery southwest of Thunder Creek. As we continue to expand the 144 Gap Zone, we are becoming more confident in its potential to add substantial new resources to our Timmins West Mineoperation and to significantly extend its mine life. Plans for an underground exploration program at the 144 Gap Zone are currently being finalized. We are also increasing our surface drilling program to a total of 15,000 metres, from 10,000 metres previously, and have just mobilized a fourth drill to site.
Click here to read the full Lake Shore Gold Corp. (TSX:LSG,NYSEMKT:LSG) press release.