| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Lode Resources Ltd. |
| Project name: | Fender |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Zinc |
| Highlight: | Drilling results incl. 7.3m @ 1.37% Cu, 4.93% Zn, 0.36g/t Au, 10.1g/t Ag from 92.1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Lode Resources Ltd (ASX: LDR or ‘Lode’ or ‘the Company’) is pleased to report Phase I drilling has returned significant copper & zinc assays plus consistent gold and silver credits at Trough Gully Copper Mine, part of the Lode’s 100% owned Fender Copper Project. Phase I drilling resulted in six drill holes for 574 metres. TGY003, TGY007 & TGY006 have returned significant assays as summarised below and with interval assays shown in Tables 1, 2 & 3. TGY001 intersected anomalous mineralisation and TGY004 & TGY005 are awaiting assays. TGY002 hole was abandoned early due to a collapsed collar. The TGY003 intercept above is situated within a broader zone returning 10.00m @ 0.92% copper, 3.22% zinc, 0.36g/t gold, 12.1g/t silver from 49.00m (TW 5.90m). Drill hole TGY007, which intercepted of high-grade copper and zinc mineralisation is located 30m below the deepest working demonstrating open-endedness at depth. Prior to this campaign by Lode the Trough Gully Copper Mine had never been drilled despite a history of copper production that occurred periodically in the late 1800’s and early 1900’s. Mineralisation mined was primarily copper carbonates |
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