Lanthanein Resources Ltd has completed diamond drilling at its Lady Grey Gold Prospect, targeting a modelled Moving Loop Electromagnetic (MLEM) conductor plate beneath Survey Line #1. The drilling program tested a high-priority anomaly aligned with a significant surface gold geochemical anomaly of 256 parts per billion (ppb) gold, coinciding with a regional structural corridor considered prospective for gold mineralisation.
The Lady Grey Prospect is adjacent to Covalent Lithium’s Mount Holland mine site, home to the historic Bounty Gold Mine, which previously produced approximately 1.3 million ounces of gold.
Lady Grey Project tenement E77/2143 outline (yellow), MLEM Drill Lines (white) overlain on a Google Earth satellite photo image.
Persistence gets it done
Two diamond holes were completed as part of the program. The first hole (LGDH #4) reached a depth of 325 metres, with the second hole (LGDH #5), located approximately 200 metres east on the same line, drilled to 351 metres.
Drill core from both holes has been transported to Perth, where detailed geological logging and sampling are nearing completion. Lanthanein expects to dispatch the samples for assay shortly, with results anticipated within six to eight weeks.
“We are really very excited to have finally drill tested the higher-ranking modelled EM conductor plate under Line #1 which coincides with the 256 ppb Au UFF soil anomaly and the underexplored regional structural feature running up the middle of the tenement,” Lanthanein technical director Brian Thomas said.
“There were significant delays with finalising the drilling of the plate under Line #1 with unseasonal rains in the Mt Holland area in the second week of March causing disruption to drilling operations.
“We are grateful to Terra Drilling for their persistence and professionalism in getting the programme done.”