Lions Gate Metals 7th Hole at Poplar Assays 220m of 0.35% Copper
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/20/11 -- Lions Gate Metals Inc. (TSX VENTURE: LGM) ('Lions Gate' or the 'Company') is pleased to announce the results of Holes 11-PC-90 (Hole 7) and 11-PC-91 (Hole 8) of its 2011 diamond drilling program at the 100% owned Poplar Project.
Hole 11-PC-90 was drilled at an azimuth of 90o and at an -55o inclination, and was collared approximately 200m west of Hole 11-PC-84 (News Release March 7, 2011) and approximately 125m east of Holes 11-PC-86 and 87 (News Release dated April 5, 2011). The hole is mineralized over the entire length and ended in mineralization. The mineralization remains open to depth.
The entire hole;
3.05m to 599.54m (End of Hole); 596.49m @ 0.18% Cu, 0.04g/t Au, 0.009% Mo, 1.57 g/t Ag
Highlights include;
91.38m to 487.35m; 395.87m @ 0.25% Cu, 0.06 g/t Au, 0.012% Mo, 1.91 g/t Ag
And;
193.38m to 415.35m; 221.97m @ 0.35% Cu, 0.09 g/t Au, 0.016% Mo, 2.59 g/t Ag
The 221.97m interval grading 0.35% Copper, 0.09 g/t Gold and 2.59 g/t Silver intersected in Hole 11-PC-90 is similar in grade and geology to the intervals of 229.13m grading 0.41% Copper and 0.12 g/t Gold in Hole 11-PC-84 (News Release dated March 7, 2011), and the 220.95 m grading 0.44% Copper and 0.11 g/t Gold in Hole 11-PC-86 (News Release dated April 5, 2011). This latest intersection has confirmed the presence of a higher grade zone of mineralization at the Poplar Deposit. Additional diamond drilling is required to define this zone.
Hole 11-PC-91 was collared approximately 350m southeast of Hole 11-PC-90, and was drilled at an azimuth of 180o and at an inclination of -65o, to a total depth of 300.84m. This hole was designed to test the inferred southern limit of mineralization and intersected lower grade copper, gold and silver mineralization over the entire length of the hole.
'The importance of this drilling program at Poplar is to show that the Main Zone deposit is larger and higher grade than historical data has shown. British Columbian Porphyry Deposits tend to be large with typically low grades. As we continue to develop Poplar, we are finding that the grades are higher than shown in the historical drill programs. This program will establish that the Poplar Main Zone Deposit is approaching the size and grade that will give the Company the critical mass required to take it to the next level,' said Lions Gate CEO Arni Johannson. 'Our goal has always been to develop the Poplar Project into one of British Columbia's Premier Copper Assets and we are well on our way. As we come closer to completing the assays, then defining the resource, we expect to experience significant gains in the value of this asset. We strive to increase our shareholders' value. The Poplar Project is going to put Lions Gate Metals on the map.'
About Lions Gate Metals
Lions Gate is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage Copper projects. LGM owns 100% of three substantial copper and molybdenum projects located in British Columbia. LGM's flagship project is the Poplar porphyry copper - molybdenum deposit near Houston, BC. The Huckleberry Mine, located approximately 35 kilometres southwest of the Poplar Deposit, produces copper and molybdenum from a deposit of similar age and setting.
Andrew Gourlay P. Geol., Vice President Exploration is a Qualified Person under NI 43-101 and has reviewed and approved the contents of this news release.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO and Chairman of the Board
Lions Gate Metals Inc.
Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects.
Forward-Looking Statements
Statements in this release that are forward-looking statements, including statements subject to various risks and uncertainties concerning the specific factors identified in the Company's periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Lions Gate Metals Inc.
Blair McIntyre
President
(604) 683-7588
www.LionsGateMetals.com