The share price of lakeshore has been holding up because of this drill results that have been anticipated and release today.
| October 29, 2009 |
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Lake Shore Gold Reports Results of Underground Drilling and Development at Timmins Mine, Results Confirm Previous Drilling and Expand Resource Potential
- New, high-grade intercepts include: 16.41 grams per tonne ("gpt") over 14.20 metres ("m"), 13.26 gpt over 12.70 m and 52.89 gpt over 5.75 m.
- New high-grade lenses identified outside existing resource between the Ultramafic and Footwall zones, including 10.79 gpt over 4.10 m and 14.67 gpt over 3.75 m.
- Holes drilled intersected grades and widths consistent with previous surface drilling, indicates overall size and shape of main Ultramafic Zone similar to resource model.
- Development on 650 m Level continuing, ramp being driven for first sublevel (20 m above 650 Level).
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