Lake Shore Gold is an aggressively growing gold mining company, actively establishing interests in, and developing, properties in Canada and, to a lesser degree, in Mexico. Its primary focus has been the Abitibi Greenstone belt in northern Ontario and Quebec, with its main base in Timmins, Ontario. The company’s stated goal is to become a mid-tier gold producer through the successful exploration, development, and operation of its growing list of properties in Ontario and Quebec
The company’s wholly owned projects in Timmins are Timmins Mine, where commercial production was achieved in January of 2011, Thunder Creek, where mineralization has been intersected, and Bell Creek Mine, which is progressing to becoming Lake Shore’s second mining operation in the Timmins Gold Camp. The Bell Creek Mill, also in Timmins, was recently expanded, and now has a processing capacity of 2,000 tons per day. The mining rate at Timmins Mine averaged 1,700 production tons per day by the end of 2010, exceeding the mine’s target rate.
The Timmins West Gold Complex consists of the Timmins Mine, Thunder Creek, the 144 Property, and the Gold River Trend. Lake Shore also holds 90 meters of strike along the Casa Berardi break in northern Quebec and northern Ontario. The company entered into a joint venture agreement with Aurizon Mines Ltd. for the Casa Berardi optioned property, which covers a 30 kilometer strike length of the Casa Berardi deformation zone. Lake Shore is also involved in several gold/silver mining projects in northern Mexico.
In addition to its own properties, Lake Shore holds approximately 25% interest in Northern Superior Resources, Inc., a junior exploration company exploring for gold and diamonds on the Superior Province of the Canadian Shield, in Ontario and Quebec. The company also controls about 27% of RT Minerals Corp., a junior exploration company engaged in the business of exploring for and developing mineral properties in Ontario and Quebec.
For additional information on Lake Shore Gold, visit the company’s website at LSGold.com
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