Lake Shore Gold announces filing of Gold River Trend Technical Report
05 Aprile 2012 - 8:22PM
Marketwired
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold"
or the "Company") today announced that a technical report, entitled
"Technical Report on the Update of Mineral Resource Estimate for
the Gold River Property, Thorneloe Township, Timmins, Ontario,
Canada," has been filed on SEDAR at www.sedar.com.
The report includes the previously announced updated resource
for the wholly owned Gold River Trend project, comprising the East
Deposit and West Deposit, both of which are located approximately
4.0 kilometres south of the producing Timmins West Mine shaft. The
deposits are contained within a 3.0 km strike length and run along
the Gold River Trend, a major alteration and deformation zone lying
north of the Destor Porcupine Fault Zone (DPFZ). In combination,
the updated resources for both deposits include 690,000 tonnes
grading 5.29 grams per tonne ("gpt") for 117,400 ounces Au of
indicated resources and 5,273,000 tonnes at an average grade of
6.06 gpt for 1,027,800 ounces Au of inferred resources.
Qualified Persons
The Gold River Technical Report has been prepared by Jacques
Samson, P. Geo., Robert Kusins, P. Geo., and David Powers, P. Geo.
Mr. Samson and Mr. Kusins are both employees of Lake Shore Gold.
Mr. Powers is independent of Lake Shore Gold. All of the authors
are considered Qualified Persons according to the definitions of
National Instrument 43-101 ("NI 43-101").
There is no guarantee that resources reported in the technical
report can be mined economically, and further work is required to
identify reserves.
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with a
vision to become a mid-tier gold producer through the successful
exploration, development and operation of its properties in the
Abitibi Greenstone belt in Northern Ontario and Quebec, starting
with its strong base in Timmins, Ontario. In Timmins, the Company
is in commercial production at the Timmins Mine, has intersected
underground, and is developing along, mineralization at the
adjacent Thunder Creek deposit and is advancing an underground
advanced exploration program at its Bell Creek Mine. Mine
production is delivered to the Company's wholly owned mill (located
on the Bell Creek Property east of Timmins) which has been
refurbished and expanded to a current capacity of 2,000 tonnes per
day. The Company continues to invest aggressively in exploration in
the Timmins Camp and in its other properties in Northern Ontario
and Quebec. The Company's common shares trade on the TSX and NYSE
Amex under the symbol LSG.
CAUTIONARY NOTE TO U.S. INVESTORS REGARDING RESOURCE
ESTIMATES
The mineral resource estimates contained in this press release
and in the Technical Report have been prepared in accordance with
the requirements of the securities laws in effect in Canada, which
differ from the requirements of United States securities laws. The
terms "mineral resource," "measured mineral resource," "indicated
mineral resource" and "inferred mineral resource" are defined in
and required to be disclosed by NI 43-101; however, these terms are
not defined terms under SEC Industry Guide 7 and are normally not
permitted to be used in reports and registration statements filed
with the SEC. Investors are cautioned not to assume that any part
or all of mineral deposits in these categories will ever be
converted into reserves. "Inferred mineral resources" have a great
amount of uncertainty as to their existence, and great uncertainty
as to their economic and legal feasibility. It cannot be assumed
that all or any part of an inferred mineral resource will ever be
upgraded to a higher category. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases. Investors are
cautioned not to assume that all or any part of an inferred mineral
resource exists or is economically or legally mineable. Disclosure
of "contained ounces" in a resource is permitted disclosure under
Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute
"reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.
Accordingly, information contained in this press release of
mineral deposits may not be comparable to similar information made
public by U.S. companies subject to the reporting and disclosure
requirements under the United States federal securities laws and
the rules and regulations thereunder.
Contacts: Lake Shore Gold Tony Makuch President & CEO (416)
703-6298 Lake Shore Gold Mark Utting Vice-President, Investor
Relations (416) 703-6298info@lsgold.com www.lsgold.com
Grafico Azioni Lake Shore Gold Corp Ordinary Shares (Canada) (delisted) (AMEX:LSG)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Lake Shore Gold Corp Ordinary Shares (Canada) (delisted) (AMEX:LSG)
Storico
Da Lug 2023 a Lug 2024
