lakeside minerals inc (LAK) Snapshot

Lakeside Minerals Inc. announced that Scott Jobin-Bevans stepped down from the company Board effective March 25th, 2013 to pursue business opportunities overseas.

Lakeside Minerals Inc. announced that Lakeside Minerals Corp. has entered into an agreement with 9219-8845 Québec inc. (Canadian Mining House) (CMH) to acquire an additional fifteen mineral claims adjacent to the company's Launay property claim blocks located in Launay, Privat, and Manneville Townships, northwestern Quebec. The company also announced that it has engaged Investor Cubed Inc. (Investor Cubed) to provide investor relations and shareholder communications services. In addition, the company announced the termination of the Dufay property option agreement. With the additional claims, the Launay property now comprises 227 claims and covers 102.5 sq km. The newly acquired fifteen minerals claims cover a total area of 6.7 sq km and are contiguous with and cover possible extensions of mineralization on the Trojan block, as well as cover extensions of kilometre-scale gold in soil anomalies on the Privat, Freegold, and Carat blocks of the Launay property. Under the terms of the agreement, Lakeside Minerals Corp. can acquire a 100% interest in the mineral claims subject to the company issuing 150,000 common shares to CMH. CMH retains a 2% NSR. Lakeside has the option, at any time, to redeem the first 1% of the NSR for $1,000,000.

Lakeside Minerals Inc. announced results from its first drill program on the Trojan block, Launay property, northwestern Quebec. The company completed a thirteen hole, 3,981 m, drill program in December 2012 and highlights from the first seven drill holes are reported here. Drill results indicate significant high grade gold intersections within much wider anomalous to lower grade zones. Higher grade highlights include 29.00 g/t Au over 1.5 m; 10.31 g/t Au over 3.0 m, which includes 17.90 g/t Au over 1.5 m; 7.08 g/t Au over 1.5 m; and 4.82 g/t Au over 1.6 m. Anomalous to lower grade intersections have composite average values greater than 0.10 g/t Au (100 ppb) to greater than 1.00 g/t Au over drill intervals from several metres to tens of metres wide. Anomalous highlights include 1.65 g/t Au over 18.0 m; 1.23 g/t Au over 64.5 m; 0.29 g/t Au over 11.2 m; 0.25 g/t Au over 25.5 m; 0.16 g/t over 45.0 m; 0.12 g/t over 36.0 m; 0.14 g/t over 32.0 m; and 0.10 g/t over 27.0 m. Gold assay result highlights from drill holes LKTR-001 to LKTR-007. "Anomalous" indicates drill intervals with weighted average results greater than 0.10 g/t Au (100 ppb) to greater than 1.0 g/t Au. Drill intervals (core length) greater than 10 m and gold results greater than 1.0 g/t Au are indicated in bold. Drill holes LKTR-001 to LKTR-007 tested a 250 m strike length of the Trojan zone. In the current drill program, contrary to historical drilling, the core was sampled along the entire length of each hole. Drill results indicate significant high grade gold intersections within much wider anomalous to lower grade zones. Best high grade results are from drill holes LKTR-004 and LKTR-005: LKTR-005 - 29.00 g/t Au over 1.5 m; 10.31 g/t Au over 3.0 m, includes 17.90 g/t Au over 1.5 m LKTR-004 - 7.08 g/t Au over 1.5 m; 4.82 g/t Au over 1.6 m. Anomalous to lower grade intersections have composite average values greater than 0.10 g/t Au (100 ppb) to greater than 1.00 g/t Au over drill intervals from several metres to tens of metres wide. Anomalous intersection highlights include: LKTR-004 - 1.65 g/t Au over 18.0 m; LKTR-005 - 1.23 g/t Au over 64.5 m; LKTR-003 - 0.29 g/t Au over 11.2 m; and LKTR-006 - 0.25 g/t Au over 25.5 m.