| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Lunnon Metals Ltd. |
| Project name: | Kambalda |
| Location: | Australia |
| Commodities: | Copper,Nickel,Iron,Cobalt |
| Highlight: | Drilling results incl. 8m @ 8.17% Ni, 0.61% Cu, 0.13% Co, 28.11% Fe from 123.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Lunnon Metals Limited (ASX: LM8) (the “Company” or “Lunnon Metals”) is pleased to provide an update on the status of its exploration programme at the Baker Shoot, an emerging discovery at the Kambalda Nickel Project (“KNP”). BAKER SHOOT – 2021 RC INFILL PROGRAMME Immediately prior to the shutdown in drilling activities over the Christmas/New Year period, the Company reported that the 2021 RC infill programme had been completed (see announcement dated 16th December 2021). Due to a decision to initially dispatch only ‘priority’ samples to the laboratory, based on mineralised zones identified through the use of portable XRF analysis, these smaller sample batches have now yielded substantially faster assay turnaround times than previously experienced. Assay results are back for the first complete line of holes (labelled ‘A-B’ on Figure 1) drilled in November and December with the following significant results (above 1% Ni cut-off grade) Higher grades correspond to ultramafic hosted massive to semi-massive nickel sulphides ranging to more disseminated sulphides for the lower grades. In nearly all cases, final nickel assay results are extremely close to, or better than, levels indicated by the in-field XRF analysis conducted whilst drilling was on foot. Importantly |
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