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Lakewood Exploration Inc. will change its name to Silver Hammer Mining Corp. effective October 1, 2021, with trading under the new symbol HAMR on the CSE. This rebranding reflects the Company's focus on silver mining, supported by recent acquisitions of three silver assets in the USA. The share capital remains unchanged, and no action is required from shareholders. The Company’s new website will launch on the same day, containing resources and updates on its growing asset base.
Lakewood Exploration has announced the mobilization of a drill for the Phase I drilling at its Silver Strand Project in Idaho. The plan includes underground drilling to explore high-grade mineralization below previous mining depths of 90 meters, along with shallow surface drilling to identify lateral vein extensions. The first phase aims to expand resource potential across the 5.5 km property, leveraging geological similarities with major deposits in the region. Further updates and assay results will follow as drilling progresses.
Lakewood Exploration (CSE: LWD / OTC: LWDEF) has appointed Lawrence Roulston to its board of directors, bringing nearly 40 years of mining industry experience. Roulston aims to enhance the company’s silver asset portfolio following two recent acquisitions. During the 2021 Annual General Meeting on September 17, shareholders approved all resolutions, representing 12.73% of total shares. Notably, Sean McGrath will step down from the board after contributing significantly since July 2020. Lakewood continues to progress towards becoming a multi-mine silver producer, targeting substantial resources at its Silver Strand Mine.
Lakewood Exploration (CSE: LWD / OTC: LWDEF) announced promising results from the Eliza Silver project in Nevada, revealing high-grade surface samples that include 1,540 g/t silver and significant copper, lead, and zinc values. The samples were collected from an area near the historic California Mine, which previously yielded a remarkable 25,000 g/t silver sample. President Morgan Lekstrom expressed optimism about these findings, indicating plans for further detailed surface work to establish drill targets later this year. The project is seen as a potential contributor to Lakewood’s goal of becoming a multi-mine silver producer.
Lakewood Exploration Inc. (CSE: LWD) announced the completion of its acquisition of BCCO 1304562 B.C. Ltd., securing 100% interest in the Eliza Silver Project and Silverton Silver Mine. This acquisition allows Lakewood to initiate a geological program to identify high-priority targets, emphasizing modern exploration techniques like geochemistry and geophysics. The historical production data suggests significant mineralization potential. Lakewood aims to advance its Silver Strand Mine project, targeting the establishment of a large silver resource in a prolific mining area.
Lakewood Exploration Inc. has engaged Coeur d’Alene Mining Contractors for rehabilitation work at its Silver Strand Mine in Idaho, enhancing safety compliance and preparing for a Phase I drill campaign. This drill program aims to explore the mine's depth potential, with an estimated 2500-3000 meters of drilling set to begin before the end of Q3 2021. The company's president, Morgan Lekstrom, highlighted the significance of the rehabilitation efforts in establishing effective drilling techniques to assess resource potential below the historical mining depth of 90 meters.
Lakewood Exploration Inc. (CSE: LWD) announced the filing of a National Instrument 43-101 compliant technical report for its Silver Strand Property in Idaho. This report supports the upcoming inaugural drill program aimed at exploring the potential for a multi-million ounce silver deposit. The company leverages existing infrastructure from the past-producing Silver Strand Mine, with an extensive 5.5-kilometer strike length of mineralization observed. The report is accessible on SEDAR and the company's website.
Lakewood Exploration Inc. (CSE: LWD) has entered a share purchase agreement to acquire 100% of 1304562 B.C. Ltd. (BCCO), which holds the Eliza Silver Project and Silverton Silver Mine, both in Nevada. The Eliza Project is adjacent to the historic Hamilton Mining District, known for high-grade silver production. Lakewood's strategy includes advancing the Silver Strand Mine and utilizing innovative geological models to explore high-potential areas. The transaction entails issuing 3,370,000 shares and a $20,000 cash payment to BCCO, with anticipated closing by October 31, 2021.
Lakewood Exploration (CSE: LWD / OTC: LWDEF) announces positive surface sampling results from its Silver Strand Mine in Idaho. Key findings include 11.79 g/t gold and 255 g/t silver along a 5.5 km mineralized trend. The company expanded its claims from 60 to 70 and plans further exploration and drilling by summer's end. The surface work has revealed multiple sub-parallel veins and confirmed widespread gold-silver mineralization. President Morgan Lekstrom notes these results will guide future exploration efforts.
Lakewood Exploration (CSE: LWD / OTC: LWDEF) announces the appointment of Ron Burk as a Technical Advisor. With over 30 years of experience, including senior positions at Centerra Gold and Silver Standard Resources, Burk aims to enhance the company's exploration efforts at the Silver Strand Mine. Lakewood is preparing for an initial drill program at this past-producing site, part of a district known for over 1.2 billion ounces of silver production. The company seeks to define a significant silver resource and continues to explore new acquisition opportunities.
