Lake Shore Gold has declared the drill results of seven new holes at its Gold River Trend property.
This property hosts resources within the West and East Deposits that are situated 4 km towards the south of the Timmins West Mine shaft. Mineralized showings trend toward the East and West Deposits of Gold River Trend. The present resources for both the deposits consist of 1,027,800 oz of gold or 5,273,000 t averaging 6.06 gpt in the Inferred category and 117,400 oz of gold or 690,000 t grading 5.29 gpt in the Indicated category.
Among the present resources, 310,900 oz or 986,000 t grading 9.81 gpt are situated in the East Deposit’s high-grade core between 400 m and 800 m from surface, which remains exposed.
Lake Shore Gold’s President and CEO, Tony Makuch stated that the latest drill results from the Gold River Trend further validate and expand the dimension of the entire gold system, and suggest that the high-grade core inside the East Deposit could be larger than previously inferred. Makuch added that the high-grade core offers a potential target with an average grade of nearly 10.00 gpt, and continuity in any direction will allow the company to step up the resource base and thus raise the value of its Gold River Trend project.
All four holes, TH-12-132, TH-12-133, TH-12-134 and Th-12-134A, encountered multiple mineralization zones. Holes Th-12-134A and TH-12-134 intersected 2.55 gpt over 5.00 m and 4.59 gpt over 2.10 m, respectively. The best intercept was obtained from TH-12-134A with 18.48 gpt over 4.00 m, including 86.25 gpt over 0.80 m. Holes TH-12-134A and TH-11-94A, which intersected 3.26 gpt over 2.45 m, 3.50 gpt over 3.50 m and 5.93 gpt over 3.00 m, highlight the potential for resource expansion in this region.
Additionally, holes TH-12-129, TH-12-130 and TH-12-131 encountered multiple zones of strong mineralization, wherein TH-12-131 intersected 4.56 gpt over 1.50 m and 18.55 gpt over 1.00. The latest results from these holes offer the potential for extra resource additions.
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