Lake Shore Gold Reports Continued Drilling Success At 144 Gap

 

TORONTO - Lake Shore Gold Corp. reported results from 60 holes and 11 wedge cuts (39,050 meters) of new surface and underground drilling at the 144 Trend. Of the holes being reported, 40 holes and nine wedge holes (13,945 meters) were completed as part of a detailed delineation program at the 144 Gap Zone designed to gain information in support of establishing a first resource estimate by early in 2016. Of the 40 holes, 39 holes (7,165 meters) were from underground drills working off the now completed exploration drift from Thunder Creek into the 144 Gap area, while one hole and nine wedge holes (6,780 meters) were drilled from surface. The remaining holes include 20 surface holes and two wedge holes (25,438 meters) were drilled mainly at the 144 Gap SW Zone and 144 South in order to advance the company's geological model and evaluate potential new targets for exploration to the southwest of the 144 Gap Zone.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "Today's drill results are very significant and include additional high-grade intercepts from delineation drilling at the 144 Gap Zone and the discovery of new zones of mineralization at 144 South, approximately 1.6 km further away. As with our initial underground drill results in the 144 Gap area released in September, the holes released today are similar to, and in some cases better than, the results from earlier surface drilling in the same areas. We are also very pleased with initial results from our surface exploration program, which continues to demonstrate our ability to identify new zones of gold mineralization as we move to the southwest from the 144 Gap Zone and highlights the considerable potential of the 144 Trend to host multiple gold deposits. With our exploration drift completed, we now have six underground drills operating at the 144 Gap Zone and remain on track to achieve our objective of releasing a first resource early in 2016."