Lake Shore Gold Corp.
TSX : LSG

Lake Shore Gold Corp.

June 07, 2007 08:02 ET

Lake Shore Gold Recovers Pristine Gold Grains From the Overburden Drilling at Blakelock, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore" or "the Company") announces that it has recovered delicate (pristine) gold grains from the recently completed reverse circulation overburden drilling program on its 100% owned Blakelock Property, located approximately 100 kilometres north of the town of Cochrane, Ontario.

The 90 hole reverse circulation (RC) drilling program was conducted over the western part of the Blakelock Property which is an area of extensive overburden (soil) cover. The successful recovery of delicate (pristine) gold grains at the base of the overburden cover suggests that these gold grains have not moved far from their bedrock source.

"We are very encouraged with the recovery of pristine gold grains from three new areas located up to 20 kilometres west of the Porphyry Creek gold zone that Lake Shore drilled on the Property last year(1). These results represent an excellent indication of proximity to a bedrock source and provide us with high priority targets for the upcoming diamond drill program, the objective of which will be to expand the Porphyry Creek zone and further explore the area in between Porphyry Creek and the locations of the pristine gold grains," said President, Brian Booth.

The objective of the RC drilling program was to explore and identify areas with favorable geological features and recover gold grains in the basal part of the overburden dispersed southward from a bedrock source by glaciation. The drilling efforts focused primarily along the projected western extension of the Casa Berardi fault zone on the western portion of the Property, as well as other areas identified north of the fault zone through the interpretation of geophysical data.

Two targets occur along the Casa Berardi fault zone and one target is located several kilometres to the north. Samples of bedrock from the RC drilling did not contain significant gold mineralization, however several samples encountered alteration, sulphide mineralization and quartz veining which are prospective geological indications in gold bearing environments. Further processing of the till samples will also be conducted to identify any possible base metal anomalies.

The results from till and bedrock samples are currently being evaluated and, in conjunction with the gold grain recovery results, will form the basis for a follow-up diamond drilling program to be carried out in the third quarter of this year.

The extensive 90 hole reverse circulation drill program was completed at the end of the first quarter with two drills. The program focused primarily on the western and central parts of the Property and was designed to test targets identified through a new magnetic interpretation. RC drilling samples were collected from the overburden till cover and from the bedrock. RC drilling is widely utilized in areas with extensive overburden cover in the Canadian Shield in order to further define diamond drill targets. The overburden samples collected from this program were analyzed by Overburden Drilling Management of Nepean, Ontario for their gold grain content and shape in an attempt to determine proximity to the source of any in situ gold located to the north, in the up ice direction from the holes. Bedrock samples were analysed for gold at Activation Laboratories Ltd. of Ancaster, Ontario.

About Lake Shore

Lake Shore is a mineral exploration company engaged in the acquisition and exploration of mineral properties with prospects for hosting gold and base metal deposits. The Company is currently active in Canada and holds a number of mineral resource properties, either directly or through option agreements, in Ontario and Quebec. In February 2007 Lake Shore announced its agreement to acquire the Bell Creek mine and mill complex near Timmins, Ontario from the Porcupine Joint Venture(2). Lake Shore is a reporting issuer in British Columbia, Alberta, Manitoba, Ontario and Quebec, and trades on the Toronto Stock Exchange under the symbol LSG.

Lake Shore's Qualified Person ("QP") for the Blakelock Property is David Beilhartz, P.Geo., the Company's Vice President Exploration. As the QP, he has prepared or supervised the preparation of the scientific or technical information for the Property.

Forward-looking Statements

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statements.

(1) For details refer to Lake Shore's news releases dated August 15, 2006 and February 8, 2007, available on the Company's website at www.lsgold.com.

(2) For details refer to Lake Shore's press release dated February 2, 2007, available on the company's website at www.lsgold.com.

Contact Information

  • Lake Shore Gold Corp.
    Meghan Brown
    Manager Investor Relations
    (604) 669-3533
    (604) 688-5175 (FAX)
    Email: mbrown@lsgold.com
    or
    Lake Shore Gold Corp.
    Brian R. Booth
    President
    (705) 525-0992
    (705) 525-7701 (FAX)
    Email: info@lsgold.com
    Website: www.lsgold.com