12:05 PM EST - Lake Shore Gold Corp. : announced a new reserve estimate for the Company's Timmins West Mine, located 18 kilometres west of the Timmins, Ontario. Timmins West Mine is a commercial producing underground mining operation involving the extraction of ore from two adjacent deposits, Timmins Deposit and Thunder Creek Deposit. The new reserve estimate for the Timmins West Mine includes 823,848 ounces Au (4,922,180 tonnes grading 5.21 gpt), all in the probable reserve category. The reserves were estimated from the conversion of existing indicated resources totaling 1,122,500 ounces (5,826,000 tonnes grading 5.99 gpt). Current inferred resources of 791,500 ounces (4,272,000 tonnes grading 5.76 gpt) were not included in the reserve calculation. Lake Shore Gold Corp.
shares T.LSG are trading up $0.07 at $1.10.
