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Encouraging drill results at
Encouraging drill results at.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n RNS Number : 4639U Hochschild Mining PLC 24 June 2009 \n \n \n\n24 June 2009 \n\nEncouraging drill results at Lake Shore Gold's Thunder Creek property\n\n\n\nLake Shore Gold reports 12.75 grams per tonne over 83.40 metres at Thunder Creek \n\n\nTC09-68b intersects 12.75 grams per tonne (gpt) gold (Au) over 83.40 metres (m), or 13.73 gpt over 77.50 m, including 24.68 gpt over 13.00 m, 38.22 gpt over 11.00m and 26.78 gpt over 8.50m\n\n\nHigh-grade intercepts among best drilled in Timmins Gold Camp\n\n\nSecond mineralized porphyry unit identified\n\n\n\nHochschild Mining plc ('Hochschild') is pleased to announce that Lake Shore Gold, in which it has a 40% investment, today announced results for six new holes and one wedge hole (5,900 metres) as part of its ongoing 22,000 metre diamond drill program at the Thunder Creek joint venture property, located immediately adjacent to Lake Shore Gold's 100%-owned Timmins Mine project. Lake Shore Gold holds a 60% interest in the Thunder Creek property, and is the operator of the joint venture with West Timmins Mining Inc.\n\nMiguel Aramburú, Chief Executive Officer of Hochschild Mining plc, commented: \n \n'We are delighted with the encouraging drill results reported by Lake Shore Gold, in which we have a 40% interest. Lake Shore Gold is a long term strategic asset for Hochschild and we remain extremely confident about the company's prospects. We are working closely with their management team to continue to explore the full potential of their assets.' \n\nTony Makuch, President and CEO of Lake Shore Gold, commented: \n\n'The widths and grades of the intercepts reported from wedge Hole TC09-68b are clearly our most encouraging to date and demonstrate that we are dealing with a large gold system. The results highlight the potential of Thunder Creek to host a significant orebody with multiple horizons covering different geological settings, including the Rusk and Porphyry zones, as well as a new porphyry unit that has now been discovered at the bottom of TC09-68b. We are currently awaiting results from one wedge hole with four additional holes in progress. We have a total of four drills operating on the property, with approximatel...