Loading ...They’re coming for Lake Shore now… LSG
This one hasn’t gone yet with its Canadian brothers Claude and Richmont yet. It’s turn is coming. They announced drill results today.
Confirms and expands mineralization to west (Intercepts: 29.42gpt/12.0m, 8.45gpt/9.5m and 6.45gpt/9.2m)
Extends Zone to depth (Intercepts: 4.62gpt/3.1m and 3.02gpt/10.7m)
Drilling in north volcanics indicates potential to extend near-surface resources to north and to depth (Intercepts: 3.20gpt/7.2m, 1.21gpt/15.0m and 2.24gpt/8.5m)
30,000 metre exploration program continuing with two surface drills.
They plan to mine the lower grade near surface material then transition to an underground mine. Goldcorp owns 40 percent of this project. Goldcorp paid over 400 million USD for the Borden project last year. The Whitney project is half the size at the moment and Lake Shore acquired it for roughly 20 million. Think about the value that great management, like Lake Shore’s is creating in these times.
nice. i expect a back-test to the neckline though. this is healthy and should be bullish for later.