Company Story

2002 was the Company’s inaugural year as an explorer for gold and base metals in the Canadian Shield.  Through business arrangements with Aurora Platinum Corp., the Company was able to secure both the technical expertise and a portfolio of prospective mineral properties from the moment of its inception.

 

The Company focused its search initially in the principal gold camps of the Abitibi Belt and in western greenstone belts in the northwest of Ontario and western Québec.  Through its early acquisition of the Timmins Gold Property, the Company quickly established itself as an aggressive junior exploration company holding an interest in a defined high-grade resource.

 

On September 10, 2004, the Company released the results of a National Instrument 43-101 compliant resource calculation audit by Watts, Griffis and McOuat Limited on the Timmins Gold Property.  The audit reported an indicated resource of 1,369,000 tonnes at an uncut grade of 16.45 grams per tonne gold or 724,000 ounces of gold.  The resource estimates represent a 200% increase over the 2002 uncut resource estimates.

 

In early 2005, the Company further expanded its asset base in the Timmins Gold Camp by acquiring the past producing DeSantis Gold Property (129,000 tonnes at 7.51 grams per tonne gold) and the Vogel Gold Property (642,999 tonnes at 12.7 grams per tonne gold). These two properties further strengthen the asset base and add substantial value to the Company.

 

Since its grass roots beginnings, Lake Shore established itself as a significant player in one of the richest Archean Gold Camps in the world.  We have an aggressive program planned for the next year, which we expect will lead to increased shareholder value.  Additional technical expertise and support personnel have been secured to insure the success of Lake Shore in the coming year.