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Junior Mining Lakewood Exploration Precious Metals

Lakewood Exploration Mobilizes Drill to the Silver Strand Project in Idaho, USA

Lakewood Exploration Inc. Thu, September 23, 2021, 4:00 PM In this article:

Figure 1

Non-NI 43-101 Compliant model showing proposed Phase I underground drilling
Non-NI 43-101 Compliant model showing proposed Phase I underground drilling
Non-NI 43-101 Compliant model showing proposed Phase I underground drilling

VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — 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.
https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

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
https://www.globenewswire.com/NewsRoom/AttachmentNg/b063284f-b79f-457d-ac3e-06fa0f0d1bf9

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 metres. 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 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 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: investors@silverhammermining.com

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.

1 Level 3 Stope was the only area partially mined out.

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Junior Mining Precious Metals

Lakewood Exploration Announces Changes to its Board of Directors and Results from its Annual General Meeting

VANCOUVER, British Columbia, Sept. 22, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration (CSE: LWD / OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to announce the appointment of Lawrence Roulston to its board of directors (the “Board”).

Mr. Roulston has nearly 40 years of diverse hands-on experience in the mining industry and currently serves as a director of several other companies listed on the TSX Venture Exchange and the New York Stock Exchange.

“Over the past few months, Lakewood has completed two transformative acquisitions,” commented Mr. Roulston. “The Company has an exciting business plan and I am pleased to be a part of the Company as we grow and advance the high-potential silver asset portfolio with a goal of becoming a multi-mine silver producer.”

Additionally, the Company is pleased to report the results from its 2021 Annual General Meeting (the “Meeting”) of shareholders held on September 17, 2021. A total of 4,295,508 common shares were voted at the Meeting, representing 12.73% of the issued and outstanding common shares of the Company.

All resolutions presented to the shareholders were approved, and are fully described in the management information circular dated August 11, 2021, which can be found on SEDAR (www.sedar.com).

Sean McGrath will step down from the Board at this time. Mr. McGrath has been a director of the Company since July 2020 and has contributed significantly to the Company during his tenure. The Board wish to express its thanks to Mr. McGrath for his service to the Company.

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 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 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.

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 / investors@silverhammermining.com

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.

Categories
Breaking Energy Exclusive Interviews Precious Metals

Lakewood Exploration – Silver Strand 43-101, Exploration, Adds 2 Silver Projects in Nevada

Maurice:

Joining us for conversation is Morgan Lekstrom, the president of Lakewood Exploration (CSE: LWD | OTC: LWDEF).  Glad to have you join us today, as Lakewood Exploration has been busy on several fronts in its resolve to become the next pure silver play in the United States. Sir, I understand you have several updates for us regarding the release of the 43-101 on the flagship Silver Strand, along with exploration successes, portfolio expansion, and pending catalysts. Before we begin, Mr. Lekstrom, please introduce us to Lakewood Exploration and the opportunity the company presents to shareholders.

Morgan Lekstrom:

Lakewood Exploration was listed on the stock exchange, the Canadian securities exchange four months ago. We’re a newly formed silver company with what we call a triple-pronged approach, where we look to have a large exploration payoff, near-term production potential, and meaningful acquisitions. We have three assets in the United States, one in Idaho in the prolific Silver Valley, two in Nevada, in the Silver Alley, which are all high-grade, past-producing mines. We have a very tightly held share structure with just under 50 million shares out and only 37.6 of them on the market right now. A lot of room to grow as a company and large exploration payoff for shareholders.

Maurice:

Mr. Lekstrom, let’s get right to it. Take us to Idaho, to the flagship Silver Strand, where Lakewood exploration has a pending NI 43-101. Lakewood has just provided the market with some important updates. What can you share with us?

Morgan Lekstrom:

Lakewood Exploration is very exciting about Silver Strand. We just finished the 43-101 and in the filing process, and we are looking forward to moving into exploration. Our plans right now are being enacted. We’re actively in our existing underground. It was always called a historic underground, but we’re actively in there. Finished rehabilitation and now we’re moving into mining the Silver Strand for creating an exploration cutting. We’re looking to get in there, drove right from the underground and from surface. Still planning and drilling to 2,700 meters. That in conjunction with the 43-101, in conjunction with what we’re looking at for our drill program and our surface programs, it’s leading for pretty exciting times at Silver Strand.

Maurice:

Speaking of that drill program, you’re going underground and near-surface. Talk to us about the method first. Are you going underground first or near-surface?

Morgan Lekstrom:

We’re working on getting into our underground. We have a mining crew in there right now creating that new drill bay, a more strategic drill location for hitting the ore body at deeper depths and at better angles. We’re looking at mobilizing that drill crew in there in September, by the end of the summer, and just waiting and looking at strategic targets for the surface program as well.

Maurice:

Now, I realized the labs are backed up and you’re just beginning. But do you have any anticipation of when the market may receive the next set of assay results?

Morgan Lekstrom:

I think you’ll be pleasantly surprised.

Maurice:

We’ll read into that one just as it is, sir.

Morgan Lekstrom:

Exactly.

Maurice:

All right. Leaving Idaho, let’s visit Nevada, where Lakewood Exploration is looking to further extend its footprint in two project acquisitions. Sir, what can you share with us?

Morgan Lekstrom:

Lakewood Explration is working on two transformative acquisitions which are the Eliza Silver Project and the Silverton Mine. I think we’ve touched on them before, Maurice, around Eliza and Silverton, Eliza being that prolific Hamilton historic area, 1860-1870 mine, 40 million ounces out of the area. Very high-grade. One of the mines on our claim block had 5,600 to 18,500 thousand grams per tonne silver, mineralization across surface, had no modern exploration done. We’re coming up with exploration plans there right now.

Lakewood has hired a separate geologist for this work so that we’re keeping focused on all three assets in the right way. Silverton being up in Nevada as well. These are all in that Tonopah to Ely area. A lot of prolific mine around there. Round Mountain is one of them. The Silverton mine itself exhibits the same infrared ASTER signatures as Round Mountain. We have some very good geology work that was preliminarily done to the transaction, as well as this is a past-producing silver mine of 933 grams a ton in the 1930s. Again, similar geology to Eliza. There’s an ability there to utilize the exploration techniques, as well as having a large exploration payoff between the two for our shareholders.

Maurice:

It sounds like a lot of blue sky potential there, sir. When will the transaction become finalized?

Morgan Lekstrom:

We’re looking at doing that most likely this week.

Maurice:

Talking about full speed ahead.

Morgan Lekstrom:

We are. Like I said four months ago, where we were to where we are now, it’s pretty transformative.

Maurice:

Now, once the transaction has been consummated, how will you leverage the intellectual capital that is onsite for both projects?

Morgan Lekstrom:

I’m glad you brought that up. I’m heading down to Nevada with the gentlemen that we transacted with Dave Forest, and we’re going to be putting in our boots on the ground with a geologist that we just hired. We’re going to get that tribal knowledge transfer right away. We’re going to make sure we have a concrete plan. I have that geologist already starting.

He’s already heading down there right now to put boots on the ground and get his feet wet down there, or as they say in Nevada, keep your feet dry, and come up with that methodical plan, utilizing that knowledge in the background. We want to make sure that when we are coming up with drill targets, that they’re utilizing these old existing mines. There’s uniform mineralization in that old California mine. We’re able to see maybe a little more info than what just a standard exploration project allows us.

Maurice:

Now, before we leave the property bank, multilayered question, what is the next unanswered question for Lakewood Exploration? When can we expect a response, and what will determine success?

Morgan Lekstrom:

The real catalyst will be getting underground at Silver Strand and getting modern exploration going on Eliza and Silverton. We’re well on our way to doing both.  I need to highlight that four months ago, we vended in Silver Strand and we were able to take that from having almost a very bare-bones plan to re-opening our underground, starting to blast as of today, and putting an underground drill program and a surface program together within four months is pretty impressive for the team. A true demonstration of our geological and business acumen. 

Maurice:

Switching gears, let’s look at some numbers. Sir, please provide us the capital structure for Lakewood Exploration.

Morgan Lekstrom:

With vending in Eliza and Silverton, we’re at 37.4 million shares outstanding. We have 2.7 million options, 7.8 million warrants, and then fully diluted sets us right around 44.9 million shares. Tightly held about. 42% insider held right now. A lot of room to grow. As we grow these assets, as we grow our share structure, there’s a lot of value to be seen there for shareholders.

Maurice:

Before we close, Mr. Lekstrom, what would you like to say to shareholders?

Morgan Lekstrom:

Stay tuned. We feel there are some real exciting times are happening in silver space and Lakewood Exploration portfolio expansion with key assets in two of most prolific silver states and silver places to mine in the world, in Nevada and Idaho is exciting. We are looking forward to getting the results out as we get them, but also coming up with these plans for Nevada. Stay tuned to what we’re doing.

Maurice:

Last question, what did I forget to ask?

Morgan Lekstrom:

I think you covered it.

Maurice:

Mr. Lekstrom, for someone that wants to learn more about Lakewood Exploration, please share the contact details.

Morgan Lekstrom:

www.lakewoodexploration.com

Maurice:

Mr. Lekstrom, it’s been a pleasure to speak with you. Wishing you and Lakewood Exploration the absolute best, sir.

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

Lakewood Exploration | CSE: LWD |
Website: https://lakewoodexploration.com/
Silver Strand: https://lakewoodexploration.com/silver-strand/
Corporate Presentation: http://lakewoodexploration.com/wp-content/uploads/2021/08/Lakewood-Exploration-Investor-Presentation-August-2021-FINAL-.pdf
Twitter: https://twitter.com/silverhmr
Contact: 604.908.1695

Lakewood Exploration is focused on building a multi mine silver production company. Its growing asset portfolio includes the recently acquired past-producing Silver Strand and Burnt Cabin mines located in the renowned Coeur d’Alene mining district in Idaho, USA, one of the most prolific silver districts in the world and the earlier stage Lacy Gold-Silver project in British Columbia, Canada.

The Silver Strand Project

  • The Silver Strand Mine has a 5.5km strike length in the Coeur d’ Alene mining district in Idaho.
  • Located in North Idaho’s Silver Valley along Interstate 90.
  • The district is known for its depth potential with numerous deposits and has produced over 1.2 billion ounces of silver.

Lakewood Exploration is partner and we are shareholders.

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Junior Mining Precious Metals

Lakewood Exploration Closes the Transaction to Acquire the Eliza Silver Project in the Historic Hamilton District and the Silverton Silver Mine in Nevada’s Prolific “Silver Alley”

VANCOUVER, British Columbia, Sept. 03, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood“) is pleased to announce that, further to its news release of August 9, 2021, it has completed the transaction (the “Transaction”) to acquire 100% of the issued and outstanding shares of BCCO 1304562 B.C. Ltd. (“BCCO”), including 100% interest in the Eliza Silver Project and the Silverton Silver Mine Eliza Silver Project and Silverton Silver Mine.

“With the closing of this transaction, our exploration team is now able to commence an initial geological program to identify high priority targets at both of these assets, neither of which have been explored using modern exploration methods such as geochemistry and geophysics,” stated President, Morgan Lekstrom. “The existing historic underground workings, historic production and sampling results outline numerous areas of surface mineralization, which will be our initial focus as we continue our data-driven approach to expanding target areas.”

About Lakewood Exploration Inc.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

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 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 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.

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 / investors@silverhammermining.com

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.

The securities to be issued in connection with the Proposed Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the Company’s ability to complete the Proposed Transaction on the terms announced or at all. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

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Junior Mining Precious Metals Uncategorized

Lakewood Exploration Prepares for Phase 1 Drill Program with Underground Rehabilitation Now Underway at the Silver Strand Mine

Figure 1

Underground scoop moving blasted rock at Silver Strand
Underground scoop moving blasted rock at Silver Strand
Underground scoop moving blasted rock at Silver Strand

Figure 2

Underground drilling underway to establish new drill bay at Silver Strand
Underground drilling underway to establish new drill bay at Silver Strand
Underground drilling underway to establish new drill bay at Silver Strand

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood“) is pleased to announce that it has engaged Coeur d’Alene Mining Contractors to perform minor rehabilitation work ahead of a Phase I drill campaign, which is expected to commence in the coming weeks at the Company’s flagship past-producing 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 (see Figure 1) and open up a 15-foot by 15-foot drilling bay (see Figure 2) to allow for an underground exploration drill to efficiently and more accurately test the potential orebody and its depth potential.

Lakewood is on track to commence its Phase I, 2500-3000 metre drill program at Silver Strand before the end of Q3/2021, 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,” stated 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-metre level where historical mining concluded is significant, and we look forward to initiating our inaugural drill program at the Silver Strand Mine in the coming weeks.”

https://www.globenewswire.com/NewsRoom/AttachmentNg/047b2d3a-217d-4054-9eca-9b45f53109ee

Figure 1: Underground scoop moving blasted rock at Silver Strand

https://www.globenewswire.com/NewsRoom/AttachmentNg/0257f09b-a253-4270-a83c-39453e0c8669

Figure 2: Underground drilling underway to establish new drill bay at Silver Strand

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 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 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 properties.

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 / investors@silverhammermining.com

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.

Categories
Breaking Junior Mining Precious Metals

Lakewood Exploration Files 43-101 Technical Report for Silver Strand Mine, in Coeur d’Alene Mining District of Idaho

VANCOUVER, British Columbia, Aug. 31, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood“) is pleased to announce that yesterday it filed on SEDAR a National Instrument 43-101 compliant technical report (“Technical Report”) titled: ‘Silver Strand Property—Silver Strand and Burnt Cabin Prospects, Kootenai County, Idaho.

“Completing the Technical Report on Silver Strand ahead of our inaugural drill program to test the down dip and strike length potential at the project, set to commence before the end of summer, is another step in our pursuit of a multi-million ounce silver deposit. Being a past-producing mine affords us a unique opportunity to utilize existing infrastructure and workings to enhance our exploration program at the project, where we are also seeing strong surface mineralization along our recently consolidated 5.5 kilometre strike length up to the Burnt Cabin Mine,” stated President, Morgan Lekstrom.

The Technical Report was prepared in accordance with the Canadian Securities Administrators NI 43-101-Standards of Disclosure for Mineral Projects; and is available for review under the Company’s profile on SEDAR at www.sedar.com and the Company’s website at www.lakewoodexploration.com.https://s.yimg.com/rq/darla/4-8-0/html/r-sf-flx.html

About Lakewood Exploration Inc.

Lakewood Exploration Inc. is a junior resource company that controls the Lacy Gold Project in British Columbia, Canada, the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, and both the Eliza Silver project and the Silverton Silver mine in one of the world’s most prolific mining jurisdictions in Nevada. 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 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 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 Company’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 / investors@silverhammermining.com
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.

Categories
Junior Mining Uncategorized

Lakewood Exploration to Acquire the Eliza Silver Project in the Historic Hamilton District and the Silverton Silver Mine in Nevada’s Prolific “Silver Alley”

Mon, August 9, 2021,

Figure 1

Longwave infrared Aster image of central Nevada, showing same thermal response as Round Mountain mine (left) and Silverton project area (right).
Longwave infrared Aster image of central Nevada, showing same thermal response as Round Mountain mine (left) and Silverton project area (right).
Longwave infrared Aster image of central Nevada, showing same thermal response as Round Mountain mine (left) and Silverton project area (right).

Figure 2

Silverton area map including other mines in the area.
Silverton area map including other mines in the area.

https://s.yimg.com/rq/darla/4-8-0/html/r-sf-flx.html

Silverton area map including other mines in the area.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Aug. 09, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood”) is pleased to announce that it has entered into a share purchase agreement dated effective August 9, 2021 between the Company, 1304562 B.C. Ltd. (“BCCO”) and the sole shareholder of BCCO (the “Definitive Agreement”), pursuant to which the Company will acquire 100% of the issued and outstanding shares of BCCO (the “Proposed Transaction”). BCCO owns a 100% interest in the Eliza Silver Project and the Silverton Silver Mine.

The Eliza Silver Project

The Eliza Silver Project is located along strike of the Hamilton Mining District, Nevada’s highest-grade silver district, which produced 40 million (M) ounces (oz) silver with grades up to 25,000 grams per tonne (g/t) between 1876-1890.

Surface samples collected at the nearby California Mine grading 24,956 g/t silver (Ag)* and information gained from a detailed geologic map, indicate that Eliza and the Hamilton District contain high-grade Ag mineralization hosted by the same formation; however, no significant work or drilling has been done on the project in over half a century.

The Lakewood team plans to deploy a new geologic model, which will explore the down-thrown side of the Eberhardt Fault, which separates the Hamilton District from the Eliza Property. The California Mine, which mined ore grading between 5,621 to 18,737 g/t silver equivalent (AgEq)* in the 1870s is also located south of the Eberhardt Fault, indicating that very high-grade mineralization can be found within the Eliza fault block.

The Silverton Silver Mine

The past-producing Silverton Silver Mine is located in East Nevada’s “Silver Alley” with high-grade historic production of up to 933 g/t silver. Despite significant surface exposures and grab samples grading up to 499 g/t Ag and 1.99 g/t Au, no modern-day drilling or subsurface exploration techniques have been conducted on the project since the 1920s. The first modern work is currently underway, including satellite imaging which has shown similar colour anomalies to Kinross’ 15M oz Au Round Mountain mine (see Figure 1).

https://www.globenewswire.com/NewsRoom/AttachmentNg/566d4af5-cba9-44eb-807c-da01dda7daa2

Figure 1: Longwave infrared Aster image of central Nevada, showing same thermal response as Round Mountain mine (left) and Silverton project area (right).

Numerous large deposits are located in the “Silver Alley,” including the 174 Moz Tonopah silver project and the Tybo project, which produced 100 Moz AgEq (see Figure 2).

https://www.globenewswire.com/NewsRoom/AttachmentNg/15d9675a-7da9-4f0b-b918-7e2814980820

Figure 2: Silverton area map including other mines in the area.

1) NBMG Report 22600014
2) MRDS Record 10072150
3) NBMG Report 11300005
4) NBMG Report 49700037, inflation-adjusted
5) VR Resources company reports
6) Bida, 1961 inflation-adjusted

“The geology of the Eliza project suggests that it could be a down-dropped extension of the 40 Moz Hamilton Silver project,” stated President, Morgan Lekstrom. “The addition of Eliza and Silverton, two highly prospective silver projects in two of the most prolific silver districts in the USA, complement our growing portfolio of western US focused silver assets, which includes the past producing Silver Strand mine in Idaho. The acquisition of these projects reaffirms our strategy of adding shareholder value by acquiring silver assets that have both large exploration upside and near-term production potential.”

The Transaction

Pursuant to the terms of the Definitive Agreement, upon the closing of the Proposed Transaction, Lakewood will acquire 100% of the issued and outstanding securities of BCCO in consideration for: (i) the issuance of 3,370,000 common shares of the Company (the “Payment Shares”) to the sole shareholder of BCCO, and (ii) a cash payment of $20,000. In addition, the Company will issue 300,000 common shares to certain arm’s length third party finders in connection with the Proposed Transaction (the “Finders’ Shares”). The Payment Shares and Finders’ Shares will be subject to voluntary hold periods, with 25% of the shares released on the date that is 3 months following the Closing Date and an additional 25% released every 3 months thereafter until all shares have been released.

The Proposed Transaction remains subject to certain closing conditions including, without limitation, (a) the receipt by the Company of all necessary corporate and regulatory approvals; and (b) each party’s representations and warranties in the Definitive Agreement being true and correct in all aspects as of the Closing Date, and each party meeting its terms and conditions and completing its covenants and obligations as contained therein. There can be no guarantees that the Proposed Transaction will be completed as contemplated or at all. The Proposed Transaction is anticipated to close on or before October 31, 2021.

About Lakewood Exploration Inc.

Lakewood Exploration Inc. is a junior resource company that controls the Lacy Gold Project in British Columbia, Canada, the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, and both the Eliza Silver project and the Silverton Silver mine in one of the world’s most prolific mining jurisdictions in Nevada. 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 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 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 Company’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 / investors@silverhammermining.com
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.

The securities to be issued in connection with the Proposed Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the Company’s ability to complete the Proposed Transaction on the terms announced or at all. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

Notes:
*Nevada Bureau Mines Report 52900017
**Humphry (1960)

Categories
Energy Junior Mining

Lakewood Exploration Reports High Grade Surface Samples Including 11.79 g/t Gold and 255 g/t Silver to Further Extend the Mineralized Trend at the Past-Producing Silver Strand Mine in Idaho

Lakewood Exploration Inc.Wed, August 4, 2021, 7:30 AM

Table 1

Select Samples
Select Samples
Select Samples

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration (CSE: LWD / OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to provide an update to ongoing surface sampling and exploration activities at the Company’s recently acquired past-producing Silver Strand Mine located in the Coeur d’Alene Mining District of Idaho. Highlights from the sampling program include:

  • 11.79 grams per tonne (g/t) gold one kilometre (km) beyond the previously sampled area
  • 255 g/t silver along 5.5 km mineralized trend
  • Strong indications of multiple sub-parallel veins

The Company recently completed additional claim staking along the Osburn Fault-Burnt Cabin Fault Zone expanding the property from 60 claims to a total of 70 claims. Consulting geologists, Childs Geoscience are currently mapping and reconnaissance sampling the northwestern part of the Silver Strand property. Forty-one samples were collected along road cuts and logging trails revealing stratigraphic contacts, faults, widespread alteration and in places mineralized quartz veins and silicified Revett quartzite. Regionally, this thick sequence of quartzites and siltites strike northwest and dip to the northeast. Gold values ranged from less than detectable to a high of 11.79 g/t gold (Au), averaging 1.33 g/t Au. Silver values from the recent sampling ranged from a low of 1.71 g/t silver (Ag) to a high of 34.29 g/t Ag, averaging 5.48 g/t Ag. One of the better rock chip samples, PN614064, collected near the Burnt Cabin Mine reported 7.23 g/t Au and 7.54 g/t Ag. Another highly anomalous zone, central to the property position, sampled a one metre wide quartz-limonite vein, reporting 5.04 g/t Au and 6.17 g/t Ag.

A photo (Table 1) accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e6bf926-c153-4524-ad20-0cb8f98d7c64

*These are select samples, V993688- V993691 samples were previously reported June 28th.

The on-going surface work is being conducted from the Silver Strand mine through the Burnt Cabin Mine and up to 1 km beyond. This exploration work is examining areas that have not previously been explored due to the previously fractured ownership of the land package. Work is also continuing around the Silver Strand mine in support of drilling which is planned for the end of summer.

President Morgan Lekstrom stated: “We are very excited with these results which confirm widespread alteration and gold-silver mineralization throughout the property and along the 5.5 km strike. The recent work has also identified multiple sub-parallel veins to the past producing Silver Strand Mine. With drilling of Silver Strand expected to commence toward the end of summer, these results will help inform future exploration plans and step-outs from the historic mine.” We have also scheduled an airborne geophysical (magnetics) survey of the Silver Strand property using modern drone technology to provide more detail than previously available.

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 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 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 Company’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 / investors@silverhammermining.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Categories
Exclusive Interviews Junior Mining Precious Metals Uncategorized

Lakewood Exploration Samples 2,744.91 g/t Silver & 4.80 g/t Gold on Silver Strand Mine in Idaho

Maurice:

Joining us for conversation is Morgan Lekstrom, the president of Lakewood Exploration (CSE: LWD: OTC: LWDEF). It’s great to have you join us today to share the latest developments on Lakewood Exploration and the exciting flagship Silver Strand, which has the makings of becoming the next pure silver play in the United States. Before we begin, Mr. Lekstrom, please introduce us to Lakewood Exploration and the opportunity the company presents to shareholders.

Morgan Lekstrom:

Lakewood is a new silver company. We’re a pure silver play. We are looking at our flagship asset in Idaho, the Silver Strand Mine. It was a past-producing mine, and we are looking to go in there, explore it, put the ore body to depth. It was mined at a very shallow depth, only 90 meters. There’s so much potential there. It was held in by a bunch of feuding parties back in the day. The whole land package has never been consolidated like what we’ve done.

Morgan Lekstrom:

And by consolidating this land package, we’re able to get a five-and-a-half-kilometer strike put together,  and which allows us the opportunity to explore the area. From what we’re seeing on the surface and in the underground, and we’ll talk about those news releases later, it looks very promising to have a large, large resource and payoff for shareholders, but also near-term production potential, which is the pillar of what we are looking to accomplish at Lakewood.

Morgan Lekstrom:

Lakewood Exploration is looking for that large exploration payoff, near-term production potential, but also acquisitions at the same time that fit that model. We do have a triple-pronged approach and our big concentration right now is on that large exploration payoff at Silver Strand.

Maurice:

The value proposition is quite compelling. Let’s go on-site. Mr. Lekstrom, please introduce us to your flagship Silver Strand and acquaint us with the region and some of your neighbors.

Morgan Lekstrom:

Silver Strand is our flagship mine. It’s in Idaho, in the Silver Valley-Coeur d’Alene, which is one of the most prolific areas on the planet for silver.  The region has produced nearly 1.3 billion ounces of silver. Companies such as Hecla and Coeur have their start there. You also have the deep mines within the region, the Lucky Friday Mine, Galena, and Sunshine respectively.

Morgan Lekstrom:

There are not a lot of regions in the world that have extracted as much silver as the Silver Valley-Coeur d’Alene. The Silver Strand is one of the last, I would say, unexplored assets in this area. This is such an exciting opportunity for us. As a pure silver company, we look forward to putting this to depth.  Our neighbors in the valley have mines go down to 2,000 meters. We have only scratched the surface, as the Silver Strand is at 90 meters of the original workings.

Morgan Lekstrom:

We’re going to start drilling the Silver Strand, with an emphasis to start pushing that ore body down to prove it. The unique thing about Silver Strand too is that we have something called a gold credit.  What that means is there’s a portion of the ore that comes out that has gold in it. And unlike the rest of the mines around the area, this is actually very high-grade gold. What we’d consider higher-grade, which is 5 grams a tonne of what we’re looking at is 5 to even 10 grams a tonne.

Morgan Lekstrom:

To put that into terms, most mines are built on 1 gram a tonne or less. Silver mines. Most mines are built on 100, 200 grams a tone. We’re seeing anywhere from 300 to 2,700 grams a ton out of Silver Strand (Press Release), and this is just the top. If anything is proven in this area, the deeper you go, the better the grade. We’re looking forward to running our exploration program and getting going on this.

Maurice:

The Silver Strand has a historical resource. What is the exploration plan and timeline moving forward to have a complaint NI 43-101?

Morgan Lekstrom:

We’re currently working on our 43-101 in the background, and we plan update the market by the end of summer. We are looking to run the first-stage of our exploration program, as we’ve been saying, by the end of late summer. We’re working on our plans right now. I work all the time with our geology team and making sure we’re looking at the right area and the right mix of geology. We don’t want to do things in an unmethodical way.

Morgan Lekstrom:

In our latest announcement, we were proud to convey that we brought on Rob Burk (Press Release), which is just a tremendous value add for us. Ron is an exceptional geologist and exceptional exploration leader. He’s worked for some huge companies like Centerra Minnig and TecK Resources. Having calls with Ron and having that advisor in the background has helped us already hone in on what we’re looking at in terms of exploration.  Also, how we can make the Silver Strand resource 43-101 compliant, build it out and make it a huge discovery.  The upside potential of this resource is massive. I mean, if anything from that area, I mean, anything as an indicator, it’s there, in my opinion.

Maurice:

Having the intellectual capital of someone like Mr. Burk doesn’t show up on the balance sheet, but those are the accretive moves that a company has to make to achieve success. Now that we know the plan, let’s test the ‘Proof of Concept’ to date. Since our inaugural interview two months ago, Lakewood Exploration has had some exceptional sample grades. What can you share with us?

Morgan Lekstrom:

Absolutely. As stated earlier, we just announced 2,744 grams a tonne (Press Release).  Keep in mind, most mines are built on 100 to 200 grams a tonne silver. We’re getting that from our existing underground, which everyone said, “Oh, it’s been mined out.” Our geologists go in there with new techniques, new technology. They take chip samples in areas, and it’s just a  key indicator for us that there’s that high-grade mineralization. We’re seeing it on the surface as well.

Morgan Lekstrom:

There are outcrops all over the place. Having the ability to walk along this 5.5 kilometers strike length has helped us and help build the Silver Strand story out, along with the upside potential of this resource. Being able to walk on ground that hasn’t been walked up to our Burnt Cabin asset gives us confidence that we may be onto something very intriguing.  And if anything that is shown by our results of that between 1,700 and 2,700 grams a ton just from chip samples, there’s a huge potential here.

Maurice:

Certainly sounds like it is. Well, let me ask you this, were the sample grades a surprise, or is this what the team had expected?

Morgan Lekstrom:

You expect good results, or you hope for good results. But honestly, I wasn’t expecting to see 2,700 grams a ton right away off a chip sample. It was unexpected, but it was also encouraging. These high grades reaffirmed to the team in the background that we’re doing the right thing. We’re looking in the right areas. And that when we begin the first phase of our exploration program, we’re going to be looking in the right area.

Morgan Lekstrom:

We have something a lot of companies don’t have, which is that existing underground, the ability to go in the historical mining there that was just hand to mouth small scale. We have the ability to blow this resource out big and score some value for the shareholders.

Maurice:

Multilayer question here, and you referenced drilling, what activity is currently being conducted on-site, and is the goal to twin the historic holes?

Morgan Lekstrom:

I can’t provide the full details on that currently, as we are finalizing the plans, and then we’ll have a news release around that. But I can tell you that we’re looking at extending the current non-43-101 compliant resource to depth, to use the words you used, to ‘Proof of Concept’, which is more than a concept for us. We want to show that identity between the mineralization we’re seeing on the surface, the gold credit, see how far that goes, and we also want to get this thing to depth.

Morgan Lekstrom:

Like I said before, a lot of these mines in the area go down to like 2,000 meters, and we’re only at 90. For us, it’s all about drilling and getting down there and chasing that resource down.

Maurice:

Before we leave the site, what is the next unanswered question for Lakewood Exploration? When can we expect a response, and what will determine success?

Morgan Lekstrom:

I’d say the next unanswered question for Lakewood is, what’s in the pipeline as far as acquisitions? And all I can say on that is stay tuned. What’s going on at Silver Strand for drilling? We’re looking forward to drilling in the late summer. Plus, we’re adding very, very competent, meaningful people to our team.

Morgan Lekstrom:

My background as a mine builder, I’ve worked all over the world building mines for large companies, small companies. It changes the dynamic of the team when you have geologists, amazing capital markets people, and mine building folks in the mix. We do have what it takes to take something through exploration, make the resource huge, and build it. That’s a very unique position for us and for the mining industry.

Maurice:

Yes, sir. The synergies complement one another with Lakewood Exploration. You have experts with a proven pedigree of success. You were brought on board recently, as well as Mr. Burk, and who else was added to the team, sir?

Morgan Lekstrom:

We have Lawrence Roulston. We have Ron Burk, like you mentioned. Myself. We have Kristina Pillon. She’s our head of IR. She’s unbelievable in what she does as well. And just lots of energy in our team so far. We’re going to add a lot more people in the right time and the right positions.

Morgan Lekstrom:

We added our chief geologist, I can’t forget him, Phil Mulholland. Phil is an exceptional geologist with a proven track record in the Western US, in Idaho as well. He’s worked all around the Coeur d’Alene area. He’s worked all over Montana. He’s worked for big companies like Barrick. I just can’t say enough good things about Phil and his dedication to the profession, but also to the Silver Strand project. The ideas that flow, we’re just approaching it with a very unique and new technology.

Morgan Lekstrom:

And Phil’s  the right person to be working with that side of it, his ideas and the crew, between him and Ron and how we all communicate together. We have Joness Lang in the background too who’s an also a proven capital markets expertthere and he’s senior VP for Maple gold.

Maurice:

Switching gears, let’s look at some numbers. Mr. Lekstrom, please provide the capital structure for Lakewood Exploration.

Morgan Lekstrom:

We have about 33.8 million shares out. We have about 7.5 million share free trading right now. We’ve got 7.5 million warrants out, and we’ve had a very good run so far. Very successful. I think we’re hitting all the right tunes and all the right notes with our capital structure. It’s very tightly held. We’re in a very good place from a capitalization standpoint and a treasury standpoint. We just raised 3.5 million dollars with 14 million shares. We are well-positioned to execute and to execute on exactly what we’re saying and won’t need more capital anytime soon.

Maurice:

You’re also rewarding shareholders. Speaking of the market cap, Lakewood Exploration has been on a roll. Since our inaugural interview on May 31st, the stock was trading at $.29, and since has moved up to $.76. Congratulations, sir.

Morgan Lekstrom:

Thanks, Maurice. It’s  exciting and positive to see the markets responding to the Silver Strand and the Lakewood story, but also to the capital structure and how this whole company has been structured is  important to a shareholder to know that there is a lot of room to grow, but it’s also tightly held. It’s not just a large vehicle of shares out everywhere. We’re  making sure that we have the ability to bring the value of the shareholders in a meaningful way.

Maurice:

And speaking of shareholders, I am a proud shareholder, by the way.

Morgan Lekstrom:

Oh, thank you.

Maurice:

Honored. Before we close, Mr. Lekstrom, what would you like to say to shareholders?

Morgan Lekstrom:

And I know I said this earlier, be on the lookout for the execution of our three-pronged approach on the acquisition side, stay tuned.

Maurice:

Looking forward to it. What keeps you up at night that we don’t know about?

Morgan Lekstrom:

I’ve been on many projects around the world, and there’s been a lot of times I’ve been kept up late at night for reasons I don’t want to go into it. But here with Lakewood Exploration and the Silver Strand. I’m not kept up at night because we have such a competent team. We have such good leadership in the right places. If there is something, we work it out right away. We have enough credible experience around us to solve challenges and not to delay. It’s a unique position as a company, but even for me to be the president of the company to have that ability to lean on technical experts like Ron Burk, to lean on our VP of exploration Lawrence Roulston when we need to and collaborate and have those great conversations. It’s unique.

Maurice:

Last question, what did I forget to ask?

Morgan Lekstrom:

As much as I say, we’re in the makings of a great mining company, I just remind people that silver is one of these commodities that isn’t just a hedge. It’s used in manufacturing. It’s used in making of video cards for cryptocurrency mining. It’s used in making a semiconductor. It’s used in making the microchips through silver pace.

Morgan Lekstrom:

This is not a commodity to be taken lightly. If the historic proves anything, we’re underperforming compared to our other commodities. I think there’s a  big opportunity here. I’m a silver bull, but I think proven from the technology side and the market side, I think we’re onto something amazing here. Lakewood is getting positioned and we are positioned to take advantage of that for our shareholders.

Maurice:

Mr. Lekstrom, for someone that wants to learn more about Lakewood Exploration, please provide those contact details one more time.

Morgan Lekstrom:

Take a look at our website, www.lakewoodexploration.com. If you go to the bottom, Kristina Pillon’s phone number and email are there. She’s fantastic to speak with, if any questions need to be relayed up to me, she can do that.

Maurice:

Hands down, I have to give it to you, your corporate deck is amazing. It’s the best I’ve seen ever. I’d encourage anyone to go to the website. Take a look at their corporate presentation. They’ve put a  tremendous amount of effort and it shows. All right. Mr. Lekstrom, it’s been a pleasure speaking with you, sir. Wishing you and Lakewood Expiration the absolute best.

Morgan Lekstrom:

Thanks, Maurice. You too.

Maurice Jackson:

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

Categories
Junior Mining Precious Metals Uncategorized

Lakewood Exploration Appoints Ron Burk as Technical Advisor

VANCOUVER, British Columbia, July 28, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration (CSE: LWD / OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to welcome Ron Burk as a Technical Advisor to the Company.

Mr. Burk is an exploration geologist with over 30 years of experience in the minerals industry, primarily focused on identifying and evaluating exploration properties. He has held numerous senior roles, including Vice President Exploration at Centerra Gold Inc. and Vice President of Exploration and Chief Geologist at Silver Standard Resources Inc. (now SSR Mining), where he contributed to discoveries that resulted in the definition of a world-class silver resource at the Pitarrilla project in Durango, Mexico and major gold resources forming the Snowfield and Brucejack deposits in northern British Columbia, Canada. Prior to joining Silver Standard in 2004, Ron had worked since 1989 as an exploration geologist for Teck Resources Ltd. and its predecessors, focused on target generation and property evaluations in the Americas.

“The addition of Ron Burk as an advisor brings even more depth to our technical team as we advance the Company’s recently acquired past-producing Silver Stand mine towards an initial drill program later this year,” said Lakewood President, Morgan Lekstrom. “Mr. Burk’s extensive experience, including nearly a decade in senior roles for a silver-focused mining company (Silver Standard), will be invaluable as we advance Silver Strand and evaluate new acquisition targets as part of our growth strategy.”https://s.yimg.com/rq/darla/4-8-0/html/r-sf-flx.html

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 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 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 Company’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 / investors@silverhammermining.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.https://s.yimg.com/rq/darla/4-8-0/html/r-sf-flx.htmlhttps://jac.yahoosandbox.com/0.7.0/safeframe.html