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Lake Shore Gold Announces Results from Additional Drill Holes at 144 Property

Lake Shore Gold Corp. today announced results from an additional four drill holes (4,898 metres) at the Company's 144 Exploration Area ("144"). 144 is located immediately southwest of the Timmins West Mine Thunder Creek Deposit and covers about 4.0 kilometres of the same volcanic/ultramafic, intrusive/sedimentary contact (the TC-144 Trend) that hosts both Thunder Creek and Timmins Deposit.

The current drill program, launched in August, is largely focused on the area immediately adjacent to Thunder Creek (the 144 Gap), and also includes drilling in both the 144 North and 144 South targets.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "With limited drilling, we have already outlined a large mineralized zone in the 144 Gap. All four new holes have intersected wide, high-grade gold mineralization confirming and extending the size of our discovery southwest of Thunder Creek. As we continue to expand the 144 Gap Zone, we are becoming more confident in its potential to add substantial new resources to our Timmins West Mine operation and to significantly extend its mine life. Plans for an underground exploration program at the 144 Gap Zone are currently being finalized. We are also increasing our surface drilling program to a total of 15,000 metres, from 10,000 metres previously, and have just mobilized a fourth drill to site."

Drill hole Hwy-14-52 was designed to test the potential depth extension of mineralization below the previously reported Hwy-14-48 (see press release dated October 7, 2014). Results from the hole successfully extended the dip length of the 144 Gap Zone by approximately 110 metres. Among key intercepts are 7.18 grams per tonne ("gpt") over 24.0 metres ("m"), including 12.61 gpt over 11.50 m, 4.17 gpt over 30.0 m and 4.29 gpt over 10.0 m.

Additional significant results were reported from hole Hwy-14-56. Among key intercepts from this hole are 5.09 gpt over 24.8 m, including 11.13 gpt over 6.1 m, 15.53 gpt over 2.4 m, 4.91 gpt over 5.2 m and 5.48 gpt over 2.6 m. Hwy-14-56 tested areas to the west of the Zone and successfully extended the mineralization by approximately 50 m from Hwy-14-48.

Significant results were also received from Hwy-14-53 and Hwy-14-55, which tested the easterly strike extension of the 144 Gap Zone at distances of 25 m and 50 m east of Hwy-14-48. Among results from Hwy-14-53 were 5.92 gpt over 20.7 m, including 11.08 gpt over 5.3 m. Intercepts from Hwy-14-55 included 9.65 gpt over 4.6 m, 5.14 gpt over 8.4 m and 8.81 gpt over 3.0 m. These results decrease the distance between the 144 Gap Zone and Thunder Creek to less than 720 m at the 765 Level.

As with Hwy-14-48, mineralization in the new holes is closely associated with a broad zone of hydrothermal alteration and deformation measuring up to 100 m wide containing multiple syenite porphyry intrusions, quartz veining, pyrite, scheelite and/or galena and multiple occurrences of visible gold. Based on results received to date the 144 Gap Zone is confirmed to have a minimum strike length of 100 m and dip length of over 250 m. The Zone is considered open along strike and to depth with no significant testing below the 700 m level between the Thunder Creek Deposit and 144 North Zone.

Source: http://www.lsgold.com/

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