Lakewood Exploration Mobilizes Drill to the Silver Strand Project in Idaho, USA
NEWS RELEASE
Lakewood Exploration Mobilizes Drill to the Silver Strand Project in Idaho, USA
Vancouver, British Columbia / September 23, 2021 – Lakewood Exploration (CSE: LWD /
OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to report that it has mobilized a
drill in preparation for Phase I drilling at the Silver Strand Project in Idaho.
Phase I of the drill program will include initial underground drilling from the drilling bay that was
established through now completed mine rehabilitation work, as well as select shallow surface
drilling designed to test for lateral vein extensions along strike. Past production stopped at just 90
metres depth and this first phase of underground drilling will test immediately below what was
historically mined at Silver Strand. Results from Phase I drilling are also expected to provide
valuable information regarding the plunge, depth, lateral expansion, and dip of the veins, which
will support the Company’s modelling and follow-up drilling.
“We are evaluating multiple veins across the 5.5 kilometre (km) Silver Strand property. This first
phase of drilling within the project area is intended to test for high-grade mineralization both along
strike and immediately beneath existing mine workings ,” stated President Morgan Lekstrom.
“Expanding the resource potential both down-dip and along the 5.5 kms of prospective structural
extent is a pivotal step in demonstrating that this project has exploration potential similar to the
large deposits that made Coeur d’Alene one of the top silver districts in the world.”
Figure 1. Non-NI 43-101 Compliant model showing proposed Phase I underground drilling.1
Veins within the Revett formation host most of the silver mines in the Coeur d’Alene mining
district, including the Sunshine Mine, which produced 359 million ounces of silver to depths
exceeding 1,800 metre s. Silver Strand is located within the Revett formation and shares similar
geological characteristics with the Sunshine Mine and other multi -hundred-million-ounce silver
deposits also within the Revett formation.
The Company will provide additional updates as its initial drill campaign progresses and will
report assays once received and interpreted.
Qualified Person
Technical aspects of this press release have been reviewed and approved under the supervision of
Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument
43-101 Standards of Disclosure for Mineral Projects.
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 Eliza 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
1 Level 3 Stope was the only area partially mined out.
within a belt that has produced more than 1.2 billion ounces of silver to -date. Geologic studies
indicate that the Silver Strand Mine is hosted by the Revett formatio n, suggesting the potential
for significant down dip extensions as demonstrated by other major mines in the district. Previous
operators were solely interested in developing 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 property.
ON BEHALF OF LAKEWOOD EXPLORATION INC.
Morgan Lekstrom, President
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
For more information please contact:
Kristina Pillon, High Tide Consulting Corp.
Cell: 604.908.1695
Email: [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.