Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) technical director Brian Thomas joins Proactive’s Tylah Tully to discuss gole drilling operations the company has commenced at Lady Grey Project in the Mt Holland area, part of the mineral-rich Yilgarn region of Western Australia.
The campaign aims to explore a conductor plate identified by a Moving Loop Electromagnetic (MLEM) survey on Line #6.
The first phase consists of three reverse circulation (RC) precollars drilled up to 150 metres, followed by diamond drilling extending to a depth of 600 metres.
The conductor plate, 200 metres below the surface, lies beneath a gold geochemical anomaly and favourable structural zone for gold mineralisation.
The project is adjacent to the historical Bounty Gold Mine, which produced 1.3 million ounces of gold.
Access to the site utilises an existing road connecting the former Lady Ada mine to the Marvel Loch Forrestania Road.
Targets were identified using geophysical and geochemical data, including a 75ppb ultra-fine fraction soil gold anomaly. Permitting for a second conductor plate associated with a 256ppb anomaly is in progress.
Separately, Lanthanein has sold its 3 million shares in Tolu Minerals Ltd (ASX:TOK) for A$2.4 million, surpassing the original A$2 million valuation.