Announcement Date: 2022-11-08
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. 20.5m at 77.1g/t Ag, 0.1% Pb, 2.87% Zn, 1.1% Cu, 0.01g/t Au from 16m
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 provide a drilling update from the 100% owned Webbs Consol Silver Project located in the New England Fold Belt in north-eastern New South Wales. The ongoing Phase II drill programme at the Webbs Consol Silver Project has resulted in another two significant drill intercepts. The first drill hole into Webbs Silver Project’s Copy Cat Lode has returned high-grade silverlead-zinc-copper mineralisation over a thick drill intercept at shallow depths including 1.5m @ 1,899 g/t AgEq1 from 21.1m within a broader intercept of 20.5m @ 375 g/t AgEq1 from 16.0m. The Copy Cat prospect was discovered through surface mapping and sampling. The resultant intercept makes Copy Cat the sixth sulphide lode discovered to date at the Webbs Consol Silver Project and the first drill hole to contain in excess of 1% copper over the entire 20.5m intercept. Sulphide distribution within this intercept ranges from disseminated to semi-massive aggregates of sphalerite and galena blebs.
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