LSG delivers again! Did somebody post this already?
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Lake Shore drills 83.4 m of 12.75 g/t Au at Thunder
2009-06-24 04:47 ET - News Release
Mr. Tony Makuch reports
LAKE SHORE GOLD REPORTS 12.75 GRAMS PER TONNE OVER 83.40 METRES AT THUNDER CREEK
Lake Shore Gold Corp. has released results for six new holes and one wedge hole (5,900 metres) as part of its continuing 22,000-metre diamond drill program at the Thunder Creek joint venture property, located immediately adjacent to Lake Shore Gold's 100-per-cent-owned Timmins mine project. The company holds a 60-per-cent interest in the Thunder Creek property, and is the operator of the joint venture with West Timmins Mining Inc.
The results include wedge hole TC09-68b, which intersected the best widths and grades encountered to date at Thunder Creek. TC09-68b intercepted 12.75 grams per tonne (g/t) Au over 83.4 metres or 13.73 g/t over 77.5 metres, including 24.68 g/t over 13 metres, 38.22 g/t over 11 metres and 26.78 g/t over 8.5 metres. The broad intercept in TC09-68b, which spans the full width of the porphyry unit, contains many of the features from other holes including strong alteration, intermittent quartz veinlets, local visible gold and accessory minerals such as molybdenite, galena, sphalerite and scheelite. TC09-68b also intersected mineralization in the Rusk zone, with an intercept of 5.62 g/t Au over 4.90 metres, including 9.5 g/t over 2.2 metres, and also intercepted 1.01 g/t Au over six metres in a new, second porphyry unit discovered near the bottom of the hole. TC09-68b is located approximately 50 metres above the previously released wedge hole TC09-68a, which included an intercept of 10.09 g/t Au over 4.70 metres, including 17.16 g/t over 2.25 metres.
Hole TC09-72 was an infill hole designed to test for the upper limits of the Rusk and Porphyry zones. The Rusk zone was weakly mineralized, whereas the Porphyry zone was intersected with local occurrences of visible gold. The results of TC09-72 confirm the downdip extension of the Porphyry zone.
Tony Makuch, president and chief executive officer of Lake Shore Gold, commented: "The widths and grades of the intercepts reported from wedge hole TC09-68b are clearly our most encouraging to date and demonstrate that we are dealing with a large gold system. The results highlight the potential of Thunder Creek to host a significant orebody with multiple horizons covering different geological settings, including the Rusk and Porphyry zones, as well as a new porphyry unit that has now been discovered at the bottom of TC09-68b. We are currently awaiting results from one wedge hole with four additional holes in progress. We have a total of four drills operating on the property, with approximately 15,000 metres of the current 22,000-metre drill program having now been reported. We have also added a drill on our 100-per-cent-owned Timmins mine property to explore for new mineralization along the northeast extension of the same geological contact hosting the Rusk zone."
In addition to wedge hole TC09-68b and hole TC09-72, the company also released results for holes TC08-63, TC08-65, TC08-66, TC08-67 and TC09-71. TC08-63 and TC08-65 were drilled to test a large syenite intrusive located 400 to 500 metres south of the Rusk zone and intersected local strong alteration and low-grade gold values, which could form an important new target for future exploration. Holes TC08-66 and TC08-67 were preliminary holes drilled to the northeast of the known mineralized systems, with hole TC09-71 located 125 metres southwest of hole TC09-69 and representing the first attempt to expand the zone southward at this elevation. Hole TC09-71 encountered multiple intrusions of porphyry and local strong alteration surrounding these and the Rusk zone suggesting that the mineralized system is still open in this direction.
The Thunder Creek property is a joint venture, with Lake Shore Gold owning a 60-per-cent interest and acting as project operator, with the remaining 40-per-cent interest owned by West Timmins Mining.
Quality control
The company's qualified person for the Thunder Creek property is Jacques Samson, PGeo. As qualified person, he has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.
Lake Shore Gold has a quality-control program to ensure best practices in the sampling and analysis of drill core. Assays have been completed using a standard fire assay with a 30-gram aliquot. For samples that return a value greater than three grams per tonne gold, another pulp is taken and fire assayed with a gravimetric finish. Zones with visible gold are tested by pulp metallic analysis. NQ-size drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags for preparation at ALS Chemex prep lab located in Timmins, Ont., and the pulps shipped to ALS Chemex assay laboratory in Vancouver, B.C. ALS Chemex is an ISO-9001-2000-registered laboratory preparing for ISO 17025 certification.
We seek Safe Harbor.
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