Solid foundations. New horizons.

Free
Message: Possibilities

Well, read last report from Thunder Creek:

Positive Drill Results from Thunder Creek

The drill results released yesterday support our view that the Porphyry Zone at

Thunder Creek has the potential to contain 3-4 million ounces of gold. With three

underground drills and one surface drill actively exploring the property, we

expect Lake Shore to release regular drill results as it continues to define the

mineralization of Thunder Creek. The initial 43-101 compliant resource estimate

is on track for release in H2/2011.

Thunder Creek Bulk Mining Potential Could Lower Costs

Drilling to date on the Porphyry Zone has identified a large-scale mineralized

core of a minimum 300m x 125m that remains open in all directions. The

broad, expansive mineralization shows potential for being amenable to bulk

underground mining methods. Bulk mining means economies of scale and

potential for reduced operating costs. On pages 3 and 4 of this report we compare

Thunder Creek to Agnico-Eagle's Goldex Mine in Quebec, where bulk mining is

allowing that operation to produce over 150Koz of gold per annum from

underground mine reserves of 2.1 g/t at total cash costs of less than $325/oz. With

potential for much higher grades at Thunder Creek versus Goldex, if Lake Shore

is able to successfully implement bulk mining at Thunder Creek, we can see

potential for costs to drop below $300/oz.

Major Potential Catalysts Imminent

We expect further share price catalysts in the near term, including:

A positive reception from industry analysts when Lake Shore hosts a site visit

on December 6. This will be the first opportunity for many to view the

mineralization at Thunder Creek from underground and witness the amount of

development that Lake Shore has completed to date.

The declaration of commercial production at the Timmins Mine by end Q4/10.

A 43-101 compliant resource estimate for Bell Creek by end Q4/10.

Exploration drill results from any of the 21 drills currently active on LSG's

properties, particularly from the rigs set up underground at Thunder Creek.

My points are very simple here, LSG needs Probe Mines more than wants to tell us, probably offer is already on the way, as I said 1 LSG share for 1 PRB share, If they want to get Thunder Creek to production then they need all land which means PRB part also and why not to have Borden and other good properties, let see but this buying is not only because of speculation...

GLTA!

Share
New Message
Please login to post a reply