Canadian Mining Journal

News

GOLD EXPLORATION: Lake Shore, Metals Creek hit high-grades near Timmins

ONTARIO — The best place to find gold is in a gold mine, or near one. Such is the case for two explorers...



ONTARIO — The best place to find gold is in a gold mine, or near one. Such is the case for two explorers near Timmins.

 

Lake Shore Gold of Toronto has discovered a substantial new high-grade extension at the former Bell Creek gold mine. An intercept averaging 12.63 g/t Au over 11.65 metres included a 2.20-metre section of 24.73 g/t, a 1.50-metre section of 23.16 g/t and a 0.65-metre section of 33.70 g/t.

 

Lake Shore president and CEO Tony Makuch said, “The system, which plunges eastward towards our wholly owned Schumacher property … has now been identified to a total plunge length of 1,150 metres from surface and 500 metres along strike and remains open at depth and along strike.”

 

Links to various plan, cross-section and longitudinal diagrams of the intercepts are available at the Lake Shore website, www.LSGold.com, in the news release dated July 21, 2009.

 

Metals Creek Resources, also headquartered in Toronto, reported even higher grades from its Ogden gold property where grab samples assayed as high as 64.40 g/t Au. The samples came from the Porphyry Hill area located 1,000 metres northwest of the former Naybob mine. This and other samples were collected within altered porphyry with associated pyrite and chalcopyrite mineralization. A total of nine porphyries have been identified on the Ogden property.

                     

Metals Creek may earn a 50% interest in the Ogden property belonging to Goldcorp. Additional information on this and other Metals Creek projects is posted at www.MetalsCreek.com.