Lakeside Minerals Inc. announces Launay property drill results
Wednesday, Jan 16, 2013Lakeside Minerals Inc. (TSX VENTURE:LAK) (the "Company") is pleased to announce results from its first drill program on the Trojan block, Launay property, northwestern Quebec. The Company completed a thirteen hole, 3981 m, drill program in December 2012 and highlights from the first seven drill holes are reported here.
Drill results indicate significant high grade gold intersections within much wider anomalous to lower grade zones. Higher grade highlights include 29.00 g/t Au over 1.5 m; 10.31 g/t Au over 3.0 m, which includes 17.90 g/t Au over 1.5 m; 7.08 g/t Au over 1.5 m; and 4.82 g/t Au over 1.6 m.
Anomalous to lower grade intersections have composite average values greater than 0.10 g/t Au (100 ppb) to greater than 1.00 g/t Au over drill intervals from several metres to tens of metres wide. Anomalous highlights include 1.65 g/t Au over 18.0 m; 1.23 g/t Au over 64.5 m; 0.29 g/t Au over 11.2 m; 0.25 g/t Au over 25.5 m; 0.16 g/t over 45.0 m; 0.12 g/t over 36.0 m; 0.14 g/t over 32.0 m; and 0.10 g/t over 27.0 m.
Mario Justino, President and CEO of Lakeside Minerals Inc., commented: "The results of the first seven drill holes further validate the potential of the gold zones on the Trojan block associated with the Macamic deformation zone. These results correlate well with historical high grade drill intersections. The Company plans to continue assessing the along strike and depth potential of these gold zones. The current drill program only tested several hundred metres of the over 22 km of Macamic deformation zone on the Launay property. Based on historical exploration and drill data, we are confident the Launay property shows high potential to host significant gold mineralization."