Lake Shore Gold, an aspiring Canadian mid-tier gold producer, has joined forces with Franco-Nevada Corporation in a $50 million royalty and equity agreement. Both companies are listed on the Toronto and New York exchanges.
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced the completion of an initial National Instrument ("NI") 43-101 resource estimate for the Company's wholly owned Thunder Creek property located in Timmins, Ontario.
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced results from the Company's Hole M-10-05b, (known as the "Deep Hole"), which was designed to test the down plunge extension of the Timmins Mine and Thunder Creek ore bodies at vertical depths below 2,000 metres.
Lake Shore Gold Corp. (TSX:LSG) today announced the results of 39 additional holes (5,335 m) from drilling at the company's Vogel property, including several wide, high-grade intersections near surface, as well as the filing of a NI 43-101 report supporting the initial resource estimate for Vogel, first disclosed in a press release dated May 2, 2011. The Vogel property is included within the company's Bell Creek Complex, a large land position covering approximately 32 square kilometres east of Timmins, which also includes the Bell Creek property, Marlhill, Schumacher, Wetmore and other prospective properties. Vogel is located approximately 2 kilometres east of the Bell Creek Mine and Mill.
Lake Shore Gold Corp. (TSX:LSG) today released production results for the first quarter of 2011. Ore processed in the quarter amounted to 148,400 tonnes at a grade of 4.89 grams per tonne ("gpt") at a recovery rate 95.8% for recovered gold of 22,300 ounces. Gold poured related to mill production totaled 25,900 ounces. Total gold sold during the first quarter of 2011 was 34,000 ounces at an average gold price of US$1,387 per ounce.
Image by Lake Shore Gold
Lake Shore Gold (TSX: LSG) grew two new resources at its Bell Creek project in Canada near Timmins, Ontario, as it eyes bringing on line a second 100,000-ounce-plus gold mine.
"It's fair to say we have found more than we expected at Bell Creek," Mark Utting, Lake Shore vice president of investor relations said.
Image by Lakeshore Gold
Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.