Announcement Date: 2022-07-18
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. 50.0m @ 95g/t Ag, 2.87% Pb, 1.79% Zn, 0.08% Cu, 0.04g/t Au from 17.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Drill hole WCS023 has intersected 50.0m grading 284 g/t silver equivalent1 at the newly discovered Castlereagh prospect. The WCS023 intercept is from the first drill hole at the Castlereagh prospect, intersecting significant, shallow, high-grade silver-base metal mineralisation and exhibits the strongest mineral endowment of all intercepts to date. It is the fifth thick, silver-base metal lode discovered at Webbs Consol. The WCS023 intercept at the Castlereagh prospect is located 0.5km south of the Main Shaft prospect and 1.5km north of the recent discovery at the Tangoa West prospect. Intercept details are as follows Whist the true thickness of the Castlereagh lode is yet to be confirmed the WCS023 intercept is a strong indication of the mineral endowment of the Webbs Consol mineral system. The Castlereagh prospect was discovered though the mapping of geomorphological and geochemical surface characteristics similar to that observed at the Tangoa West prospect. It is a great example of how under-explored the Webbs Consol project is and the potential for further discoveries through the drilling of mapped surface targets as well as extension and/or blind targets generated through geophysics. In addition to Castlereagh other silver-base metal lodes with mineralised drill intercepts include the Main Shaft, Mt Galena, Tangoa West and Lucky Lucy North prospects.
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