Lions Gate Metals, a Canadian based junior resource company, reported that a 3 m sample of drill hole 11-PC-113 was re-assayed as part of its current quality assurance/quality control program.
11-PC-113 drill hole lies in the Silver zone, roughly 180 m north of the east zone mineral resource regions and Poplar Main zone. This hole returned a high-grade silver of 53% across its entire 75.15 m length. Silver grade grew from 200 g/t silver to 308 g/t silver, increasing the total silver values from 11.71 g/t silver to 17.89 g/t silver, and also raising the copper equivalent values from 0.15% to 0.22%.
Lions Gate Metals’ President and Chief Executive officer, Paul Sarjeant informed that from the 2010 electromagnetic and magnetic survey report, which covered the Poplar project region, about 34 electromagnetic conductors in and around the copper porphyry targets were discovered, and survey results from these holes denote that other electromagnetic targets close to the East and Poplar Main zones could include analogous high grade silver mineralization. The company has planned additional testing to explore the possibility of extending the resource and enhancing the economics of the prospective pit.
The link between the Silver zone to the East and Main zones of the Poplar deposit is still being evaluated, and further drilling has been scheduled for this region during the 2012 reconnaissance program.
Several drill holes and conductors inside the optimized pit shells are being investigated. The company is planning induced polarization surveys to cover certain targets for base metal and precious metal exploration.