Lakewood Exploration Closes the Transaction to Acquire the Eliza Silver Project in the Historic Hamilton District and the Silverton Silver Mine in Nevada's Prolific "Silver Alley"

Lakewood Exploration Inc. (CSE: LWD) (the " Company " or " Lakewood ") is pleased to announce that, further to its news release of August 9, 2021, it has completed the transaction (the "Transaction") to acquire 100% of the issued and outstanding shares of BCCO 1304562 B.C. Ltd. ("BCCO"), including 100% interest in the Eliza Silver Project and the Silverton Silver Mine Eliza Silver Project and Silverton Silver Mine.

"With the closing of this transaction, our exploration team is now able to commence an initial geological program to identify high priority targets at both of these assets, neither of which have been explored using modern exploration methods such as geochemistry and geophysics," stated President, Morgan Lekstrom. "The existing historic underground workings, historic production and sampling results outline numerous areas of surface mineralization, which will be our initial focus as we continue our data-driven approach to expanding target areas."

About Lakewood Exploration Inc.

Lakewood Exploration Inc. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of silver to-date. Geologic studies indicate that the Silver Strand Mine is hosted by the Revett formation, suggesting the potential for significant down dip extensions as demonstrated by other major mines in the district. Previous operators were solely interested in developing the known shallow mineralization, with the mine's lowest level extending only 90 meters below surface. Lakewood strives to become a multi-mine silver producer.

On Behalf of the Board of Lakewood Exploration Inc.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

The securities to be issued in connection with the Proposed Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the Company's ability to complete the Proposed Transaction on the terms announced or at all. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
lakewood exploration inc

Lakewood Exploration

Growing a Portfolio of Silver Assets in Idaho, Nevada and British Columbia

Growing a Portfolio of Silver Assets in Idaho, Nevada and British Columbia Keep Reading...
Keep reading...Show less
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
Golconda Gold (TSXV:GG)

Gold and Crypto: Redefining the Future of Finance

Click here to register for the webinarGold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Closes Strategic York Claims Purchase at Santa Fe

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has completed the Purchase (the "Purchase") of 27 unpatented lode mining claims (the "York claims") from Emergent Metals Corp ("Emergent"). The York claims are contiguous... Keep Reading...
Finger flipping block from "RESTART" to "START" on orange background.

Barrick’s Mali Gold Mine Restarts Under State Control

Barrick Mining's (TSX:ABX,NYSE:B) Loulo-Gounkoto mine in Mali has resumed operations for the first time in over nine months, following a court-ordered takeover by the West African nation’s military-led government, according to a Bloomberg report.The Loulo-Gounkoto complex had been shuttered... Keep Reading...
Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

These Programs Support the Advancement of Tonopah West Towards the Permitting of an Exploration Decline to Enable Test Mining and the Extraction of a Bulk SampleHIGHLIGHTS:The Phase 2 hydrology program will consist of placing 5 additional piezometers, a dewatering well and a groundwater... Keep Reading...
Augustus Minerals

High stakes and blue sky as Augustus lines up for PNG golden prize

There’s a big play happening up in PNG with a potentially huge prize and the $9m ASX listed Augustus Minerals is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to... Keep Reading...

Latest Press Releases

Related News