Lions Gate Digs 3% Gains As Confirms Increased Grade at Poplar Silver Zone

By Midnight Trader,  May 03, 2012, 10:48:48 AM EDT

Lions Gate Metals Inc. (LGM.V) was digging 3% gains in late morning trade after announcing that, as part of its ongoing Quality Assurance/Quality Control Program, a 3 meter sample of hole 11-PC-113 was re-assayed, returning a 53% increase in silver grade over the entire 75.15 meter length of the hole. Silver grade increased from 200 g/t Ag to 308 g/t Ag, elevating overall silver values from 11.71 g/t Ag to 17.89 g/t Ag, and copper equivalent values from 0.15% to 0.22%.

LGM rose to the higher end of a 59 cents to 61 cents range. Volume traded is over 79,000 shares.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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