Lions Gate Metal is a junior resource firm based in Canada, which focuses on the acquisition, exploration and development of the advanced and early phase copper projects. The company has started the 10,000 m phase II diamond drilling campaign at its Poplar project.
The company completed the phase I drilling program in March 2011. The program consists of 5,569 m, totaling 13 holes. Lions Gate will employ the collected information to estimate a NI43-101 compliant resource. In addition, the exploration team has been evaluating the drilling data in order to find out the location for the phase II drilling program. The Ministry of Energy and Mines has issued the permit MX-2-226 for 75 surface drill locations for the subsequent four years upon the 504728, 504732 and 507383 mineral tenures. At present, the company has planned to drill around 20 holes, totaling 8,800 to 10,000 m, in the ongoing program.
The CEO of Lions Gate has commented that the information gathered from the phase II drilling program will be employed for updating the resource estimate. The company is delighted about adding the information to the resource estimate of the prospect. These recent drill holes will permit the company to additionally outline the high-grade zones and offer further data on the grades of gold and silver, which are seen in the assays.
Source: http://www.lionsgatemetals.com/