Lakewood Exploration Prepares for Phase I Drill Program with Underground Rehabilitation Now Underway at the Silver Strand Mine
Lakewood Exploration Prepares for Phase I Drill Program with Underground
Rehabilitation Now Underway at the Silver Strand Mine
Vancouver, British Columbia – September 1, 2021 – Lakewood Exploration Inc. (CSE: LWD) ( t h e
"Company" or "Lakewood") is pleased to announce that it has engaged Coeur d’Alene Mining Contractors
to perform minor rehabilitation work ahead of a Phase I drill c ampaign, which is expected to commence
in the coming weeks at the Company’s flagship past‐producing Si lver Strand Mine in the Coeur d’Alene
mining district of Idaho.
T h e c o n t r a c t o r w i l l b r i n g t h e m i n e i n t o U n i t e d S t a t e M i n e S a f e ty and Health Administration (MSHA)
compliance, complete rehabilitation works, develop 45 feet of underground drift (see Figure 1) and open
up a 15‐foot by 15‐foot drilling bay (see Figure 2) to allow for an underground exploration drill to
efficiently and more accurately test the potential orebody and its depth potential.
Lakewood is on track to commence its Phase I, 2500‐3000 metre drill program at Silver Strand before the
end of Q3/2021, which will include both underground and surface core drilling.
“The underground rehab work brings this historical mine area into MSHA compliance, while concurrently
establishing a more cost‐effective way to test the depth potent ial at Silver Strand through underground
drilling,” stated President, Morgan Lekstrom. “This rehab work will also provide us with future drilling and
potential development opportunities as we define the depth and plunge of the orebody and surrounding
sub‐parallel veins. We believe the depth potential beyond the 90‐metre level where historical mining
concluded is significant, and we look forward to initiating our inaugural drill program at the Silver Strand
Mine in the coming weeks.”
Figure 1: Underground scoop moving blasted rock at Silver Strand
Figure 2: Underground drilling underway to establish new drill bay at Silver Strand
About Lakewood Exploration Inc.
Lakewood Exploration Inc. is a junior resource company advancing the past‐producing Silver Strand Mine
in the Coeur d’Alene Mining District in Idaho, USA, both the El iza Silver Project and the Silverton Silver
Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British
Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with
the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of
silver to‐date. Geologic studies indicate that the Silver Stran d Mine is hosted by the Revett formation,
suggesting the potential for significant down dip extensions as demonstrated by other major mines in the
district. Previous operators wer e solely interested in developi ng the known shallow mineralization, with
the mine’s lowest level extending only 90 meters below surface. Lakewood strives to become a multi‐
mine silver producer.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization
hosted on the Company’s properties.
On Behalf of the Board of Lakewood Exploration Inc.
Morgan Lekstrom, President
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / [email protected]
The CSE does not accept responsibility for the adequacy or accuracy of this release.
The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has
neither approved nor disapproved the contents of this press release.