Exploration Samples From Past-Producing Silver Strand Mine

VANCOUVER - Lakewood Exploration reported the results of recent rock chip sampling from a surface and underground sampling program at the past-producing Silver Strand Mine, located in the Coeur d’Alene Mining District of Idaho. A total of thirteen rock chip samples were collected from altered and mineralized exposures throughout Silver Strand’s historical mine workings. Highlights from this first phase of sampling: 1,669 g/t Ag and 9.77 g/t Au from grab sample collected from the shrink stope above the No. 3 level; 255 g/t Ag and 1.27 g/t Au values obtained from sampling near the No. 1 portal; and Surface rock chip sample 50 meters to the SE from the No. 3 portal returned 5.14 g/t Ag.

Morgan Lekstrom, President, said, “These initial rock chip and grab samples demonstrate that the Silver Strand system is well mineralized in and around the mine area and we are highly encouraged to find the vein outcropping some 50 meters to the southeast where there is no known historical drilling. We remain active at site with further rock chip and soil sampling underway, while concurrently working on a new 3D model that will support and refine our drill targeting efforts at the historic mine area.”

The Silver Strand Mine is hosted in the Revett formation, a belt of rocks known to host high-grade silver-zinc-lead deposits to more than 1800 meters.

Six samples were collected near the No.1 portal V993688-91, and V993693, 94 and consisted of silicified Revett quartzite, commonly brecciated with abundant quartz stockwork veinlets, showing moderate to strong limonite stain and included sample highlights of up to 255.43 grams per tonne (g/t) silver and 1.27 g/t gold, respectively. Evidence of fine-grained disseminated sulfides were identified as limonite-stained sulfide casts in quartz veinlets.

Five rock chip samples and one grab sample were collected from underground exposures of the No. 3 level stope (V993696-700).  These samples consisted of fractured and brecciated quartz-limonite replacement veins hosted in Revett quartzite.  One grab sample was collected (V993700) from the shrink stope level above the No. 3 level which returned 1,669 g/t silver (48 ounce per ton).  The sample consisted of black sulfide rich quartz veining showing brecciation and quartz stockwork.  Sulfides were too small to identify, but are suspected to contain strong values in silver, gold, lead, zinc and copper.

One rock chip sample (V993695) was collected near the No. 3 portal approximately 50 meters to the southeast of the portal in order to confirm the extension of the Silver Strand vein system in a southerly direction.  That sample consisted of a narrow quartz-limonite vein, with vuggy quartz and sulfide casts plus clay, reporting 5.14 g/t silver, confirming the vein zone continues and is open to the south.