Latitude 66 (ASX:LAT) is targeting further success at the Laverton Gold Project in Western Australia after unveiling significant drilling results there earlier this year.
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In mid-January, the company reported RC drilling results from the Red Dog and Tin Dog prospects within the Laverton Gold Project had confirmed wide, high-grade gold mineralisation across multiple lodes.
The Western Australian explorer has now kicked off a follow-up program designed to systematically expand upon the strong results delivered from the phase one drilling and to continue advancing the released exploration target of 6.5 to11 million tonnes (Mt), for 200 to 450 ounces of gold.
MD, Grant Coyle, said phase two, an approximately 4,000m RC drilling campaign, will look to further expand Laverton’s high-grade, extensive mineralisation.
“Following the strong results from our initial program, it is pleasing to move directly into phase 2 drilling at Laverton. At Tin Dog, we are now systematically testing and infilling the newly recognised NW–SE structural corridors that have demonstrated high-grade gold potential and materially expand the footprint of mineralisation,” he told Latitude shareholders today.
“At Red Dog, our focus remains on extending the existing Mineral Resource along strike and at depth, with the objective of growing ounces on granted mining leases in a district with exceptional infrastructure.
“This program is designed to materially increase geological confidence and position the project for continued mineral resource growth.”
Step-out drilling at Red Dog is chasing extensions to the high-grade mineralisation spotted in initial drilling, which included 11 metres at 4.6 grams per tonne gold from 10 metres; 6m at 4.2 g/t from 24m; and 6.0m at 3.2g/t from 22m.
At Tin Dog, Latitude 66 is aiming to increase geological and structural confidence in NW–SE trending mineralised lodes identified during phase one and target extensions to the identified gold mineralisation.
The explorer also plans to test a parallel interpreted shear corridor some 300m east of current drilling that has historically undergone limited testing. The Market Link understands assay results for that exploration are anticipated to be received during the second quarter of calendar year CY26.
LAT is up +6.90% at 15.5c. Mkt cap $28.17M.
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