- Junior gold explorer Latitude Consolidated (LCD) has received approvals to commence drilling at the Andy Well and Gnaweeda projects in WA
- The approval came from the Department of Mines, Industry Regulations and Safety
- The drilling program includes 10,000 metres of reverse circulation drilling, which will commence in early April
- Drilling is expected to take around three months and results are expected in June
- On market close for the day, Latitude is up 13.3 per cent and is trading at 3.4 cents per share
Latitude Consolidated (LCD) has received approvals to commence drilling at the Andy Well and Gnaweeda projects in Western Australia.
The company received approval from the Department of Mines, Industry Regulations and Safety.
Andy Well and Gnaweeda are Latitudes flagship projects and have a combined 343 kilometres squared in the Murchison Gold Fields and host a mineral resource of 776,000 ounces of gold at a grade of 4.0g/t.
The initial program will include 10,000 metres of reverse circulation drilling.
Latitude says the drill rig will arrive on-site in early April, with drilling activities commencing shortly after.
The drilling program will take around three months and results are expected in June.
Latitude is a junior gold explorer with a portfolio of exploration projects across South Australia and Western Australia.
“The company looks forward to updating the market with regard to exploration activities over the coming months,” Latitude told the market today.
On market close for the day, Latitude is up 13.3 per cent and is trading at 3.4 cents per share.