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Message: Lakeshore

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Danno13

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Lakeshore

posted on Oct 29, 09 07:58AM

The share price of lakeshore has been holding up because of this drill results that have been anticipated and release today.

October 29, 2009

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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