Phase I Drill Program With Underground Rehabilitation At Silver Strand Mine

VANCOUVER – Lakewood Exploration Inc. has engaged Coeur d’Alene Mining Contractors to perform minor rehabilitation work ahead of a Phase I drill campaign at the Silver Strand Mine in the Coeur d’Alene mining district of Idaho.

The contractor will bring the mine into United State Mine Safety and Health Administration (MSHA) compliance, complete rehabilitation works, develop 45 feet of underground drift and open up a 15-foot by 15-foot drilling bay to allow for an underground exploration drill to efficiently and more accurately test the potential orebody and its depth potential.

The Company is on track to commence its Phase I, 2500-3000 meter drill program at Silver Strand before the end of the third quarter, 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 potential at Silver Strand through underground drilling,” said, 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-meter level where historical mining concluded is significant, and we look forward to initiating our inaugural drill program at the Silver Strand Mine.”