ONTARIO - Exploration is going underground at Vancouver-based LAKE SHORE GOLDs Timmins West property. This 100%-owned project is located at the west end of the Timmins Gold Camp, 18 km west of the city of the same name. The company recently received notice of the acceptance of its closure plan from the Ontario Ministry of Northern Development and Mines (MNDM).
Lake Shore will now begin an advanced exploration programincluding environmental and mine engineering, erecting surface infrastructure, shaft or ramp construction, underground drilling and bulk samplingto take place over the next two years. Resource expansion and exploration drilling will continue during this time.
A pre-feasibility study will examine using the Bell Creek mill, which Lake Shore is in the process of acquiring from the Porcupine joint venture (GOLDCORP and KINROSS GOLD), for processing ore. The Bell Creek mill has been on care and maintenance since 2002. Lake Shore's preliminary review indicates it can be made operational quickly and with low capital cost.
A comprehensive presentation and images of the Timmins West project are available at www.LSGold.com in the Exploration section.