- Latin Resources (LRS) secures three new tenements at its Yarara gold project in the NSW Lachlan Ford Belt
- The Manildra and Burdett projects are known to host a number of gold and copper occurrences, recently returning results of 26 metres at 1.5g/t gold from 25 metres
- Boree Creek is also known to offer copper mineralisation, with rock chip assays returning up to 2.7 per cent copper
- The company says it intends to launch straight into exploration work on its newly granted tenements, while it waits for its new Boree Creek tenement to make its way through the grant process
- Latin Resources was last trading at 5.2 cents on June 16
Latin Resources (LRS) has secured three new tenements within the NSW Lachlan Ford Belt.
The tenements lie within the Lachlan Traverse Zone in the east of the Belt, covering around 570 square kilometres of highly prospective Silurian age volcanic and sedimentary rocks.
The Manildra and Burdett projects are two joining tenements, known to host a number of gold and copper occurrences. Recent shallow reverse circulation drilling in the area returned results of 26 metres at 1.5g/t gold from 25 metres, and three metres at 7.82 g/t gold from 57 metres.
Reports from the company say the tenements display the potential for more mineralisation at depth, with south plunging ore shoots present.
A new tenement application at Boree Creek also hosts known copper mineralisation associated with a brecciated dacite porphyry body, with rock chip assays returning up to 2.7 per cent copper.
“The granting of our Manildra and Burdette Gold tenements is a significant step forward for our NSW exploration strategy, enabling us to get on the ground in this highly prospective area,” said Latin Resources Exploration Manager Tony Greenaway.
“The addition of the Boree Creek Tenement to our wider project portfolio immediately to the west of the world class Cadia Mine, further enhances our presence in this highly sought-after region.”
The company says it intends to launch straight into exploration work on its newly granted tenements, while it waits for its new Boree Creek tenement to make its way through the grant process.
Additionally, Latin has secured a new 165 square kilometre project area in the Gundagai region of central NSW, with two new tenement applications.
The project is considered to be highly prospective for ultramafic layered intrusive nickel-copper-platinum group element style mineralisation, orogenic gold mineralisation and copper-gold skarn mineralisation.
Latin Resources last traded at 5.2 cents on June 16.