- Lode Resources (LDR) launches its newest phase of diamond drilling at the Webbs Consol silver and base metals project in New South Wales
- The program will include 26 holes for around 5000 metres of drilling, with a primary focus on the Tangoa West prospect
- The new phase of drilling will test down dip extensions below previously-uncovered high-grade holes at the Main Shaft and Copycat Lodes, along with new targets
- Lode says the decision to continue drilling at Webbs Consol reflects a “strong belief” in the prospectivity and expansive size of the mineral system in the area
- Lode Resources shares close 7.41 per cent lower at 25 cents on Monday afternoon
Lode Resources (LDR) has launched its newest phase of diamond drilling at its Webbs Consol silver and base metals project in New South Wales.
The program will include 26 holes for around 5000 metres of drilling, with a primary focus on the Tangoa West prospect where work previously returned high-grade assays of 116.1 metres at 1003 grams per tonne (g/t) silver equivalent from 90.9 metres.
Further hits included 8.1 metres at 2200 g/t silver equivalent from 196 metres, including 3.1 metres at 3325 g/t silver equivalent from 201 metres.
The new phase of drilling will also test down-dip extensions below previously uncovered thick, high-grade holes at Tangoa West, Main Shaft and the Copycat Lodes, along with new targets.
Lode’s Managing Director, Ted Leschke, said the company was “very excited” to recommence drilling at the project.
“Drilling to date has discovered six mineralised lodes and revealed that the Webs Consol mineral system is much more extensive than previously recognised,” Mr Leschke said.
Lode said the decision to continue drilling at Webbs Consol reflected a “strong belief” in the prospectivity and expansive size of the Webbs Consol mineral system.
The company told investors it was well-funded for the planned drill program and beyond.
Lode Resources shares closed 7.41 per cent lower at 25 cents on Monday afternoon.