LKW.v (Lakewood Mining Co.)
Last @ $0.015cts
Outstanding Number of Shares:36,851,848
Managements Holdings: Over 51%
Thin public float: Yes
Lakewood Mining Co. Ltd. main asset is in the Afton area, Kamloops, B.C. The two company owns and operates on a 50/50 partnership, 20,000 acres of mineral claims known as the Wood group. An MMI geochemical survey covering a wide area was carried out by Geotronics Consulting Inc. and the data were subsequently compiled by Gordon Richards, PEng. It outlined a large gold anomaly of 2,000 metres by 1,500 metres within the Dorado zone which is approximately three kilometres north of the Corona zone mentioned in a previous news release.
A large area of this gold anomaly was surveyed with IP (induced polarization), a geophysical method, but only two of the IP anomalies were drill tested. The last drill hole was supervised by Leo Lindinger, PGeo. This hole returned 120.4 metres (395 feet) of strongly anomalous arsenic values and weakly anomalous antimony, copper and gold values. Arsenic is commonly used in exploration as a pathfinder for gold deposits since this metal is often associated with gold. It is also very mobile within soil and forms a halo around gold deposits. This means that the gold anomaly is a strong exploration target area for a possible gold deposit. Mr. Lindinger is recommending step-out drilling from this arsenic-mineralized drill hole.
With an up coming drilling program this is one to accumulate at these low levels and put it away. LKW.v is in a sweet spot right now sandwiched between one major and another up and coming major. New Gold (NGD.T) which has been accumulating and buying up a few juniors lately in the Afton region. Abacus Mining (AME.v) which has just revealed a NPV of $416million (U.S.) on it's ajoining property. LKW.v is right in the middle so the likely hood of these guys hitting something worth while is very good in anyones opinion. At just $0.015-.025cts right now this is one to keep a very close eye on. The insider holdings are another example of solid management and solid interest to get this trading much higher. That is if a major does not scoop it up before then.
You can follow me on twitter "CdnxTracker"