Drill Results At Lions Gate’s Poplar Project
Lions Gate Metals Inc. (TSX VENTURE:LGM) has announced the results of Hole 11-PC-85, the second drill hole of its 2011 drilling program at the Poplar Project, 35km from Imperial Metals’ Huckleberry Mine. The drill program is continuing and is expected to total approximately 5,000 meters.
The hole is mineralized over the entire length, and ended in mineralization. The mineralization remains open to depth. Results are as follows:
- 22.00m to 459.34m (End of Hole); 437.34m @ 0.24% Cu, 0.07g/t Au, 0.003% Mo
Including:
- 182.28m to 459.34m; 277.06m @ 0.34% Cu, 0.10 g/t Au, 0.004% Mo
- 197.28m to 345.16m; 147.88m @ 0.39% Cu, 0.12 g/t Au, 0.004% Mo
Hole 11-PC-85 was collared approximately 100m northeast of Hole PC-11-84, which returned comparable grades (News Release dated March 7, 2011).
The 147.88m interval grading 0.39% Copper and 0.12 g/t Gold is similar in grade and geology to the intersection of 229.13m grading 0.41% Copper and 0.12 g/t Gold in Hole 11-PC-84. These intersections, approximately 200m apart, suggest that a previously unrecognized higher grade zone of mineralization may be present in the Poplar Deposit. Additional diamond drilling is required to further define this zone.
Lions Gate management is highly encouraged by these results which will be used to prepare a NI 43-101 report which will be release after the completion of this drill program. Lions Gate is also encouraged by the potential for a higher grade zone within the Poplar Deposit.
Lions Gate CEO Arni Johannson stated, “This second drill hole, 100 meters from the first hole shows that there is a significant new area of mineralization that has not been drilled and was not included in the historic resource. These results will guide further drilling to define as much of this new mineralization as possible.”
Lions Gate Metals is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects. LGM owns 100% of three substantial copper projects located in British Columbia. LGM’s flagship project is the Poplar porphyry copper - molybdenum deposit near Houston, BC. The Poplar Project is readily accessible by existing road from the Morice River forestry road, approximately 10 kilometers to the east. The power line servicing the Huckleberry Mine parallels the Morice River forestry road. The Huckleberry Mine, located approximately 35 kilometers southwest of the Poplar Deposit, produces copper and molybdenum from a deposit of similar age and setting.
Posted March 16, 2011
