Bloomberg News

Lake Shore Climbs After Reporting ‘High-Grade’ Gold Resource

November 16, 2011

Nov. 16 (Bloomberg) -- Lake Shore Gold Corp., a Canadian mining exploration company, jumped 11 percent after saying it found a “high-grade” gold resource following drilling at its Thunder Creek project.

The resource contains 521,600 ounces of indicated resources at an average grade of 5.64 grams per ton, the Toronto-based company said today in a statement.

Lake Shore rose to C$1.80 at 1:54 p.m. in Toronto.

--Editors: Charles Siler, Steven Frank

To contact the reporter on this story: Simon Casey in New York at

To contact the editor responsible for this story: Simon Casey in New York at

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