Lakewood Exploration Mobilizes Drill To Silver Strand Project

VANCOUVER - Lakewood Exploration has mobilized a drill in preparation for Phase I drilling at the Silver Strand Project in Idaho. Phase I of the drill program will include initial underground drilling from the drilling bay that was established through now completed mine rehabilitation work, as well as select shallow surface drilling designed to test for lateral vein extensions along strike. Past production stopped at just 90 meters depth and this first phase of underground drilling will test immediately below what was historically mined at Silver Strand. Results from Phase I drilling are also expected to provide valuable information regarding the plunge, depth, lateral expansion, and dip of the veins, which will support the Company’s modeling and follow-up drilling.

“We are evaluating multiple veins across the 5.5 kilometer (km) Silver Strand property. This first phase of drilling within the project area is intended to test for high-grade mineralization both along strike and immediately beneath existing mine workings,” said, President Morgan Lekstrom. “Expanding the resource potential both down-dip and along the 5.5 kms of prospective structural extent is a pivotal step in demonstrating that this project has exploration potential similar to the large deposits that made Coeur d’Alene one of the top silver districts in the world.”

Veins within the Revett formation host most of the silver mines in the Coeur d’Alene mining district, including the Sunshine Mine, which produced 359 million ounces of silver to depths exceeding 1,800 meters. Silver Strand is located within the Revett formation and shares similar geological characteristics with the Sunshine Mine and other multi-hundred-million-ounce silver deposits also within the Revett formation.