Lions Gate Metals Inc. Second Hole at Poplar Includes 148m of 0.39% Copper
Published : March 16, 2011
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Keywords :   Copper | Diamond | Gold | Molybdenum |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2011) - Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce the results of Hole 11-PC-85, the second drill hole of its 2011 drilling program at the Poplar Project, 35km from Imperial Metals' Huckleberry Mine. The drill program is continuing and is expected to total approximately 5,000 meters.

The hole is mineralized over the entire length, and ended in mineralization. The mineralization remains open to depth. Results are as follows:

  • 22.00m to 459.34m (End of Hole); 437.34m @ 0.24% Cu, 0.07g/t Au, 0.003% Mo

Including:

  • 182.28m to 459.34m; 277.06m @ 0.34% Cu, 0.10 g/t Au, 0.004% Mo
     
  • 197.28m to 345.16m; 147.88m @ 0.39% Cu, 0.12 g/t Au, 0.004% Mo

Hole 11-PC-85 was collared approximately 100m northeast of Hole PC-11-84, which returned comparable grades (News Release dated March 7, 2011).

The 147.88m interval grading 0.39% Copper and 0.12 g/t Gold is similar in grade and geology to the intersection of 229.13m grading 0.41% Copper and 0.12 g/t Gold in Hole 11-PC-84. These intersections, approximately 200m apart, suggest that a previously unrecognized higher grade zone of mineralization may be present in the Poplar Deposit. Additional Diamond drilling is required to further define this zone.

Lions Gate management is highly encouraged by these results which will be used to prepare a NI 43-101 report which will be release after the completion of this drill program. Lions Gate is also encouraged by the potential for a higher grade zone within the Poplar Deposit.

Lions Gate CEO Arni Johannson stated, "This second drill hole, 100 meters from the first hole shows that there is a significant new area of mineralization that has not been drilled and was not included in the historic resource. These results will guide further drilling to define as much of this new mineralization as possible."

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 mineral projects. LGM owns 100% of three substantial copper projects located in British Columbia. LGM's flagship project is the Poplar porphyry copper - molybdenum deposit near Houston, BC. The Poplar Project is readily accessible by existing road from the Morice River forestry road, approximately 10 kilometers to the east. The power line servicing the Huckleberry Mine parallels the Morice River forestry road. The Huckleberry Mine, located approximately 35 kilometers 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. 

For further information on the Company and its projects please visit our web site at www.LionsGateMetals.com.

Forward-Looking Statements

Statements in this release that are forward-looking statements, including statements relating to the Company's plans to complete a definitive agreement with Firesteel and to undertake the 2010 exploration program on the Property, are 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.

Lions Gate Metals Inc.
Blair McIntyre
Director of Operations
(604) 683-7588
www.lionsgatemetals.com

Lions Gate Metals Inc.

EXPLORATION STAGE
CODE : LGM.V
ISIN : CA53626Q2045
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Lions Gate Metals is a copper and molybdenum exploration company based in Canada.

Lions Gate Metals holds various exploration projects in Canada.

Its main exploration properties are KELLY CREEK PROPERTY, POPLAR and HUDSON BAY MOUNTAIN in Canada.

Lions Gate Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 528 000 as of today (US$ 491 093, € 361 101).

Its stock quote reached its highest recent level on August 28, 2009 at CA$ 5.60, and its lowest recent point on October 11, 2013 at CA$ 0.04.

Lions Gate Metals has 7 040 000 shares outstanding.

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Annual reports of Lions Gate Metals Inc.
2007 Annual Report
Option Grants of Lions Gate Metals Inc.
6/9/2011Announces Signing of Investor Relations Agreement
Nominations of Lions Gate Metals Inc.
10/22/2013Announces Director Resignation
7/19/2013Welcomes New Directors
2/1/2013Announces Resignations
5/2/2011Appoints Gordon Keevil to the Board
Project news of Lions Gate Metals Inc.
10/19/2012(Poplar)Completes Binding LOI for the Sale of its Poplar Project
3/7/2011(Poplar)Intersects 229m of 0.41% Copper at Poplar
2/16/2010(Poplar)Encouraging Geophysical Results
Corporate news of Lions Gate Metals Inc.
10/31/2013Announces Stock Consolidation
9/14/2013Anomalous Resistivity Zone Identified at Whitford Lake, SK.
3/19/2013Enters Into Agreement to Acquire the Whitford Lake Uranium P...
1/2/2013Cancels Option Agreement and Announces Management Changes
9/13/2012Announces Director and Management Changes
4/20/2011(Poplar)7th Hole at Poplar Assays 220m of 0.35% Copper
4/13/2011(Poplar)298m of 0.44% Copper Expands Higher Grade Zone at Poplar Pro...
4/5/2011(Poplar)Third Hole at Poplar Assays 220m of 0.44% Copper
3/16/2011Second Hole at Poplar Includes 148m of 0.39% Copper
5/10/2010Andrew Gourlay Joins Lions Gate Metals as VP of Exploration
3/18/2010Posts Filing Statement for Ausnico Transaction
1/14/2010Letter from the CEO
12/2/2009Resinco(tm) Capital Partners Takes Board Position at Lions G...
9/4/2009Reaches Agreement to Acquire Australian Nickel Explorer
1/13/2009 Opens Beijing Office
9/16/2008announces NCIB intention
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