Lake Shore Gold’s exploration program has discovered gold mineralization on a newly acquired property near Timmins. The Timmins Minor announced Feb. 1.
Lake Shore Gold’s exploration program has discovered gold mineralization on a newly acquired property near Timmins.
The Timmins miner announced Feb. 4 that it had found shallow, high-grade gold at the Whitney project during the first phase of a surface drilling program. This is the first drilling on the property since Lake Shore acquired Temex Resources last September.
The entire 30,000 meter program is designed to test a number of high potential areas near the former 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 resources,” established earlier by Temex.
The company is targeting two zones near previously mined structures which have been the subject of limited drilling and which show signs of gold mineralization within 100 meters of surface.
“Whitney was the primary reason we acquired Temex last September, given its significant exploration potential, existing resources and proximity to our Bell Creek mill,” said company president Tony Makuch, in a statement. “The drilling program aims to confirm and expand the resource base, established by Temex, using a model that envisions initial production from an open pit that would eventually transition to underground mining.”
Two surface drills are rotating at Whitney and the company expects to complete the ongoing exploration program by the end of this year, with a resource update forthcoming.
Lake Shore Gold produces gold from two mines, Timmins West and Bell Creek, and material is delivered for processing at the Bell Creek plant.
The Whitney project is east of the city and is adjacent to Lake Shore’s Bell Creek complex. It covers 8.9 square kilometers which includes the former producing Hallnor, Broulan Reef, Bonwhit and Hugh Pam mines. These properties have historically produced 2.4 million ounces of gold.