Lake Shore Gold’s exploration program has discovered gold mineralization on some newly acquired property near Timmins.
The Timmins miner announced Feb. 4 that it has found shallow and high-grade gold at the Whitney Project during the first phase of a surface drilling program. It’s the first drilling on the property since Lake Shore acquired Temex Resources last September.
The entire 30,000-metre program is designed to test a number of high potential areas near the past-producing Hallnor and Broulan Reef mines.
On the eastern half of the Whitney property, Lake Shore believes there is “excellent potential to expand the existing near-surface resource,” established earlier by Temex.
The company is targeting two areas near some previously mined structures which have had limited drilling and are show signs of gold mineralization within 100 metres of surface.
“Whitney was the primary reason we acquired Temex last September, given its considerable exploration potential, existing resources and close proximity to our Bell Creek Mill,” said company president Tony Makuch in a release. “The drill program is intended to confirm and expand the resource base, established by Temex, using a model that envisions initial production from an open pit that would ultimately transition to an underground mining operation.”
Two surface drills are turning at Whitney and the company expects to complete the current exploration program by the end of this year, with an updated resource to come.
Lake Shore Gold produces gold from two mines, Timmins West and Bell Creek, with material being delivered for processing to the Bell Creek Mill.
The Whitney Project is east of the city and is adjacent to Lake Shore’s Bell Creek Complex. It covers 8.9 square kilometres which include the former producing Hallnor, Broulan Reef, Bonwhit and Hugh Pam Mines. These properties have historically produced 2.4 million ounces of gold.
