Lake Shore Gold has received promising results from the drilling exploration program at its Bell Creek property near Timmins, Ontario. The Canadian mineral exploration company is registered on the Toronto Stock Exchange and owns 100% of the property.
At the Bell Creek property Lake Shore Gold has extended the gold mineralization based on results from 9 new drill holes and 30 new wedge holes. The exploratory program covered 22,479 meters and has returned high grade test results with mineralization extending 400 meters below the current resource.
The ongoing drilling program was to test the down plunge and along the strike extensions of the known mineralization on the property. It will infill and upgrade the portions of the current resource estimate to the indicated category from inferred.
President and CEO of Lake Shore Gold, Tony Makuch, said that since they announced the initial NI 43-101 resource at Bell Creek Mine last December, they had been very confident that the mineralization would continue at depth and that the opportunity to expand resources was excellent.
He added that the results announced raised their confidence even higher and highlight the potential of Bell Creek. They were very pleased with the progress made to date through their advanced exploration program at Bell Creek Mine and were continuing their aggressive drill program with the aim of increasing the total ounces in resource and upgrading inferred resources into the indicated category.