lake shore Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : lake shore

LSG 1.469

0.0%

Apr 11 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: MoneyCooper	10/24/2014 12:00:57 PM
	of 16

Updates on Potential New Zones Daniel Earle has found exceptional results from first drill hole of a new program at the company's 144 property, approximately 770m southwest of its Timmins Mine. The hole was reported as 5.37 g/t over 46.0m, 775m below surface and 125m down dip of a prior hole (13.5 g/t over 2.0m, announced January 2013)There is little to no other drilling below this elevation on the property and there are other examples on the property of zones that begin at significant depth with little expression above. Drilling is currently ongoing. Daniel Earle rates the impact to be positive. Additional drilling will be required to prove that a discovery has been made if indeed the intercept is part of a coherent deposit below – and that isn't necessarily the case. In the view of Daniel Earle, the fact that the property and this potential zone is open at depth and that other discoveries on the property have been made with little expression above is encouraging. In a potential development scenario if it ever got to that stage, Daniel Earle believes the new zone would benefit greatly in terms of timeline and costs to potential production from the existing infrastructure of the Timmins Mine complex 770m or so to the northeast, which would offset some of the impact of the depth of the potential zone. It is anticipated that Q3/14 Preliminary Costs Estimates will come out Early October 2014E and the Additional Drilling Results should be released at the end of 2014E.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next