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Final results announced by Litchfield Minerals Ltd (ASX:LMS) from drilling at its Mount Doreen project in Western Australia’s West Arunta region have provided evidence of massive base metal sulphide mineralisation, with all four diamond-drilled holes showing this mineralisation to be spread out across the Silver King project area.
Intercepts from this program included 17 metres at 2.47% lead (Pb), 1.06% zinc (Zn), and 15.7 g/t silver (Ag) from 49 metres, including 3 metres at 11.84% Pb, 5.62% Zn, 0.1% Cu, 57.1 grams per tonne Ag from 51 metres.
In the same hole, grades included 33 metres at 0.57% Zn, 0.28% Pb, 1.9 grams per tonne Ag from 0 metres, including 7 metres at 1.48% Zn, 0.6% Pb, 3.0 grams per tonne Ag from 25 metres.
Litchfield is seeking to pin down this mineralisation further, planning a tenement-wide VTEM survey later this month: given the ability for this electromagnetic technology to specifically detect massive sulphides, the discovery of such grades associated with them is a strong sign ahead of the survey.
Managing Director and CEO Matthew Pustahya said the results from Mount Doreen were pleasing ahead of the company’s geophysics work.
“These findings confirm our long-held belief that the Mount Doreen project is fertile, with the potential to generate high-grade polymetallic systems,” he said.
“Our current priority is to identify broader areas of sulphide distribution and potential trap sites within both the Silver King area and Mount Doreen tenement package.
“To accelerate ground validation, we have partnered with PGN Geosciences to deliver a lithostructural interpretation, which will provide critical insights into the litho-structural architecture across the Mount Doreen tenement, helping us pinpoint specific exploration targets.”
At 10:53 AEST, Litchfield shares were trading at 13 cents, a rise of 13% since the market opened.
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