Lake Shore Gold Corp. (TSX:LSG) today announced the results of 39 additional holes (5,335 m) from drilling at the company’s Vogel property, including several wide, high-grade intersections near surface, as well as the filing of a NI 43-101 report supporting the initial resource estimate for Vogel, first disclosed in a press release dated May 2, 2011. The Vogel property is included within the company’s Bell Creek Complex, a large land position covering approximately 32 square kilometres east of Timmins, which also includes the Bell Creek property, Marlhill, Schumacher, Wetmore and other prospective properties. Vogel is located approximately 2 kilometres east of the Bell Creek Mine and Mill.
Tony Makuch, President and CEO of Lake Shore Gold, commented: “Today’s results continue to confirm the strong potential of the Vogel property to host significant open pit and underground resources which could contribute meaningfully to future production at the Bell Creek Complex. An open-pit resource would provide additional ore feed for expanded mill throughput, allow more direct access and haulage of ore and provide ventilation for underground mining of zones extending to depth. We now have total resources at the Bell Creek Complex of 433,600 ounces in the measured and indicated categories and 1,361,700 ounces in the inferred category, all from drilling undertaken since 2008. We continue to drill aggressively at the Bell Creek Complex and, over the next year, expect to continue to increase total resources, upgrade existing inferred resources into the measured and indicated categories and complete an initial ore reserve.”
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