- CE-10-30 intersects 11.54 gpt over 3.89 m and CE-10-32 intersects 4.75 gpt over 1.00 m and 3.10 gpt over 1.00 m near west edge of G Zone, extends mineralization 120 m down dip of previous drilling.
- CE-10-29 intersects 40.20 gpt over 0.42 m, 8.41 gpt over 1.40 m, 6.74 gpt over 1.28 m and 5.81 gpt over 1.57 m, confirms continuity of mineralization near east limit of the G Zone.
- Results suggest potential for shallow depth gold resource within 7 kilometers of Casa Berardi Mine and Mill Complex.
 Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") reported results from eight holes and 2,814 m of diamond drilling completed between mid-February and late March 2010 at the Company's Casa Berardi optioned property.
All eight holes were completed on the East Block approximately 6.0 kilometers ("kms") east of the Casa Berardi mining operations and along the east extension of the Casa Berardi fault zone and were designed to confirm and expand gold potential surrounding the recently defined G Zone. Drilling remains at an early stage but results to date indicate that the G Zone has a minimum strike length of 600 m and depth potential of 300 m from surface. Lake Shore Gold is currently earning a 50% interest in the Casa Berardi optioned property through an option agreement, reached in September 2007, with Aurizon Mines Ltd. ("Aurizon") by spending $5.0 million over a period not to exceed five years. As of July 1, 2010, the Company had spent approximately $4.4 million towards the earn-in commitment. Lake Shore Gold is the operator during the earn-in period. The optioned property lies to the east and west of Aurizon's wholly owned Casa Berardi mining operations, including the West Mining Complex and East Mine and Mill Complex. Tony Makuch, President and CEO of Lake Shore Gold, commented: "Today's results are extremely encouraging in that they continue to demonstrate the continuity and expansion potential of the G Zone structure at the Casa Berardi East Block. The G Zone structure represents only one of several very interesting drill targets contained on our large optioned land package with Aurizon and it is encouraging to have such favourable results at such an early stage. Given the current success and considering the close proximity to the Casa Berardi Mine and Mill Complex the potential to develop significant resources is considered excellent." Significant results from the new drilling include intercepts of 11.54 gpt over 3.89 m in CE-10-30 and 4.75 gpt over 1.00 m and 3.10 gpt over 1.00 m in CE-10-32 which were drilled into a 200 m wide gap in drilling near the west–central portion of the G Zone. These holes are approximately 220 m below surface and 270 m west of previously reported high-grade values near the east portion of the G Zone which included 8.58 gpt over 10.40 m in CW-08-03 (see press release dated October 23, 2008) and extend the G Zone mineralization in this area by 120 m down dip with mineralization remaining open at depth. Other significant results include 40.20 gpt over 0.42 m, 8.41 gpt over 1.40 m, 6.74 gpt over 1.28 m and 5.81 gpt over 1.57 m in CE-10-29 and 14.65 gpt over 0.50 m, 4.71 gpt over 1.00 m and 5.55 gpt over 0.50 m in CE-10-31 near the east edge of the G Zone and at distances of 40 and 60 m above CE-08-10. Mineralization intersected is contained within an altered zone of deformed mixed lithic wacke and magnitite rich sediment bands and minor banded chert - magnetite Iron Formation in contact with an approximately 16 m thick banded chert-magnetite Iron Formation unit. Mineralization within the G Zone is open above and below the current intersections as well as to the east and west. Mr. Makuch added: "We are looking forward to launching additional drill programs on the Casa Berardi East and West blocks, with programs planned both in the fall of 2010 and winter of 2011. Expenditures related to these programs would allow the Company to earn its 50% interest in the Casa Berardi optioned property during 2011." Current work by the company is involved with developing new drill programs to follow up on the latest results for the G Zone as well as new discoveries on the west block from drilling in the fall of 2009 (see press release dated February 16, 2010). The planned start date for the next program is in late October and will consist of approximately 2,500 m of drilling. |
