Lakewood Exploration Samples up to 2,744.91 g/t Silver & 4.80 g/t Gold at the Past-Producing Silver Strand Mine in Idaho, USA
NEWS RELEASE
Lakewood Exploration Samples up to 2,744.91 g/t Silver & 4.80 g/t Gold at the
Past-Producing Silver Strand Mine in Idaho, USA
Vancouver, British Columbia / July 15, 2021 – Lakewood Exploration (CSE: LWD / OTC:
LWDEF) (“Lakewood” or the “Company”) is pleased to announce results from a sampling
program at the Company’s newly acquired past-producing Silver Strand Mine located in the storied
Coeur d’Alene Mining District of Idaho.
A total of 14 rock chip samples were collected from altered and mineralized surf ace and
underground exposures. Two grab samples were collected to verify high grade silver and gold
values from a previous sampling program from which a sample reported 1,669 grams per tonne
(g/t) silver (Ag) and 9.77 g/t Gold (Au) (See June 28, 2021 News Release). Assays from the two
verification samples PN614015 and PN614014 returned 2,744.91 g/t Ag & 4.80 g/t Au and 238.29
g/t Silver & 3.60 g/t Gold, respectively.
Lakewood President, Morgan Lekstrom stated: “These high -grade underground sampling result s
suggest to us that the potential for substantial high-grade mineralization is present at Silver Strand.
Obtaining gold and silver values from reconnaissance surface sampling 1 km to the southeast of
Silver Strand is also highly encouraging and demonstrat es the potential to outline a significantly
more extensive vein system within our expanded property package.”
Table 1. Underground Samples
Twelve surface rock chip samples were collected along road cuts and logging trails immediately
to the southeast of the Silver Strand property prompting additional claim staking. The surface
samples consist of quartz-FeOx veins and veinlet zones, consistent with known mineralization at
Silver Strand, and indicate that these mineralized zones continue for approximately 1 km to the
southeast. Sample results range from 1.71 g/t Ag to 8.23 g/t Ag with anomalous gold up to 0.21
g/t Au. These new surface results a long trend provide the Company with new key data that will
support efforts to vector towards higher -grade Au-Ag mineralization along strike, in addition to
the potential depth extensions below the shallow historical mining at Silver Strand.
The samples wer e analyzed by Chris Christopherson of CCI laboratory, in Smelterville, Idaho.
Samples were analyzed by fire assay methods with a gravimetric finish for gold and silver.
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
Lakewood Exploration is a junior resource company that controls the Lacy Gold Project in British
Columbia, Canada, and the past -producing Silver Strand Mine in the Coeur d’Alene Mining
District in Idaho, USA. 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 Strand Mine is
hosted by the Revett formation, suggesting the potential for significant down dip extens ions 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
metres 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 Com pany’s
property.
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 /
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accepts responsibility for the adequacy or accuracy of this release.