Wednesday 24th April 2019

Resource Clips

Lake Shore reports Ontario Gold Assays of 1.26 g/t over 324m

Resource Clips - essential news on junior gold mining and junior silver miningLake Shore Gold Corp TSX:LSG announced results from its Fenn-Gibb Project in Ontario. Assays include

1.93 g/t gold over 241.2 metres
1.26 g/t over 324 metres
0.89 g/t over 260.5 metres
0.73 g/t over 284 metres
1.02 g/t over 190.5 metres
2.48 g/t over 50.1 metres
0.7 g/t over 183.5 metres (including 2.48 g/t over 50.1 metres)
0.68 g/t over 177.1 metres
1.01 g/t over 52.5 metres
1.66 g/t over 41 metres
0.87 g/t over 71.8 metres
0.73 g/t over 68.8 metres

President/CEO Tony Makuch said, “We are extremely pleased with the most recent drill results which, when factored into new pit-optimization studies, highlight the potential to substantially grow resources at the Fenn-Gib project. Based on the drilling we have completed since acquiring Fenn-Gib last August, we have now expanded the known mineralization by 200 metres to the north, to the east and to depth, with the deposit remaining open. We have also identified a number of new exploration targets, all within 1.5 kilometres of the current resource. Also encouraging are the opportunities that exist to establish a low-strip-ratio starter pit and to apply high silver values to the existing resource, both of which could significantly enhance the economics of the project. Based on what we have seen so far, we are delighted to have Fenn-Gib in our portfolio and believe that the project has excellent potential to become a successful open-pit mining operation in the same category as other projects currently being developed in northern Ontario and Quebec.”

View Company Profile

Tony Makuch

or Mark Utting
VP Investor Relations

by Ted Niles

Share |

View All: News Stories