Announcement Date: 2022-05-31
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lode Resources Ltd.
Project name: Webbs Consol
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 12.1m @ 108g/t Ag, 0.36% Zn, 5.49% Pb, 0.1% Cu, 0.04g/t Au from 48.0m
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 announce that recommencement of Phase I drilling at the 100% owned Webbs Consol Silver-Base Metal Project (EL 8933) has produced early results from hole WCS012. Hole WCS012 has returned a very significant mineralised intercept of 12.1 m @ 312 g/t AgEq1 (108 g/t Ag, 5.49% Pb, 0.36% Zn, 0.10% Cu) from 48.0m including 9.4 m @ 394 g/t AgEq1 (137 g/t Ag, 7.01% Pb, 0.39% Zn, 0.12% Cu) from 49.6m. This intercept represents shallow mineralisation below the Shaft 3 (Mt Galena) prospect and is located 220m south of Shaft 1 (Main Shaft) with previous reported intercepts of 27.5m @ 468 g/t AgEq1 (118 g/t Ag, 0.77% Pb, 6.52% Zn, 0.07% Cu) from 104.6m (WCS006) and 24.2m @ 374 g/t AgEq1 (63 g/t Ag, 0.49% Pb, 5.96% Zn, 0.04% Cu) from 122.9m (WCS007). The Webbs Consol mineral system now extends over a 3km north-south strike. This is highly encouraging given the number of similar targets that are yet to be tested in the current drill programme.
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