Lode Resources Ltd (ASX: LDR) has provided an update regarding a new drill programme at the 100% owned Webbs Consol Silver Project (EL8933). Follow up drilling at the Webbs Consol Silver Project has commenced with the initial hole underway and targeted at the Webbs Consol North discovery.
Executive director of resources development, Jason Beckton, commented, “We last drilled our silver targets at Webbs Consol with an RC programme in February and made the high-grade silver discovery at Webbs Consol North, thereby expanding the portfolio of mineralized lodes at the project to a strike length of ~3.5km.”
“With shallow intercept grades approaching 800g/t AgEq we have been very keen to get back on the ground at Webbs Consol North, and at other promising targets, including Canoon in particular, with a follow-up drill programme. We are obviously pleased to have the drill rig turning now and will report material results as they become available.” Added Beckton.
Webbs Consol North reported previous intercepts of 13.0m @ 193 g/t AgEq from 10.0m & 21.0m @ 122 g/t AgEq from 2.0m, including high-grade zones such as 779 g/t AgEq over 3m and 592 g/t AgEq over 3m.
This is the first hole in a 2,200m, 17-hole programme being undertaken by Centurion Drilling at the Webbs Consol Project with the entire programme expected to take around six weeks.
To date, the majority of extension drilling has been at Tangoa West, in the southern end of the Project, where 12 drill holes intercepted exceptionally high-grade silver mineralization down to a vertical depth of 300m.
The current programme aims to test for extensions at discovered lodes with multiple high-grade silver intercepts and to drill untested surface silver occurrences.
Additionally, another key discovery to be tested is Castlereagh with previous intercepts of 50.0m @ 224 g/t AgEq from 17.0m and 47.4m @ 112 g/t AgEq from 66.5m, including high-grade zones such as 801 g/t AgEq over 4.1m and 720 g/t AgEq over 2.0m.
Untested surface silver occurrences to be drilled include the Canoon prospect where a pseudo-gossan with ~ 100m of strike has been delineated and selective grab samples have returned up to 126.0 g/t Ag. The company has noted that grab samples are qualitative in nature and are not necessarily representative of underlying mineralization which may be lower or higher in grade and the dimensions are unknown.
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