at Fenn-Gib Open-Pit Project Including 1.93 gpt Gold Over 241.20 Metres, Results Highlight Potential for Major Resource Expansion.

After a rather nasty sell off over the last couple of months (all gold stocks took it on the chin during this period) this news today should be welcome relief to investors looking for some firming is price action. I think todays news was very good and should be reflected in some positive action to its stock price.

Links: http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Reports-Significant-New-Drill-Intercepts-at-Fenn-Gib-Open-Pit-Project-Including-193-gpt-Gold-Over-24120-Metre/default.aspx

By the way I am hearing that the fed is about to announce QE 3 which will be positive for the price of gold going forward. If fact it will be positive for all commodities in general as it will drive down the US dollar which good for copper, gold, silver, oil etc etc. (The TSX should benefit from this.) All we need is for an announcement which may come after the non-farm payroll this week.