Latitude Consolidated Ltd (ASX:LCD) has begun a Phase 2 exploration program at the flagship Murchison Gold Project in Western Australia.
Drilling will initially target the high-grade Turnberry mineralisation, following up on previously reported thick high-grade intersections including:
- 9 metres at 10.4 g/t gold from 162 metres;
- 41 metres at 4.8 g/t from 148 metres; and
- 18 metres at 4.7 g/t from 192 metres.
Promisingly, 8,600 metres of reverse circulation (RC) and diamond drilling is planned at Turnberry with results expected to be received periodically starting in mid-November.
In addition, aircore drilling at the St Annes Prospect will begin late in the December quarter, following up on broad high-grade results that are very similar to Turnberry, including:
- 5 metres at 6.8 g/t gold from 103 metres; and
- 20 metres at 2.4 g/t from 57 metres.
"Near-mine high-grade mineralisation”
Latitude CEO Tim Davidson said: “We are excited to be getting our second exploration field program underway at the Murchison Gold Project.
“Our Phase 1 exploration program, which we completed earlier this year, was designed as an advanced greenfield program testing several areas on our tenure where previous exploration has shown there to be high-grade mineralisation.
“Our drilling confirmed this and provided valuable information as we advance each of those prospects.
“Our upcoming Phase 2 exploration program is a very targeted brownfield drilling program focusing on the near-mine high-grade mineralisation which is important for both growth and confidence in the resources as the company advances the project to development ready.
“We are exceedingly confident in the quality of our Murchison Gold Project, and I look forward to providing further updates over the coming weeks as the exploration program progresses.”
Forward plan at Turnberry
Turnberry South is the first target location with RC drilling infilling and testing the thick high-grade south plunging shoot.
This will be followed by drilling at Turnberry Central where the broad high-grade mineralisation remains open at depth.
In addition to RC drilling, the company has engaged a diamond drilling service provider to mobilise to the site in the December quarter and complete diamond tails for several deeper targets within the Turnberry Central zone.
Samples will be dispatched from the site to the laboratory in Perth on a weekly basis and it is envisioned that results will be to be received for Phase 2 drilling in mid-November.
Plan at St Anne’s
Aircore drilling at St Anne’s is scheduled to begin in the December quarter as drilling at Turnberry concludes.
The company is eager to follow up several broad high-grade drill results at that prospect where anomalous gold is observed over 500 metres of strike.
The prospective stratigraphy and interpreted structure strike 800 metres to the north of the reported intersection (and remain open to the north and south) provides an important target for the Phase 2 exploration program.
Plan showing Latitude’s Murchison Gold Project tenure with mineral resources, exploration prospects and geology.
About Latitude
Latitude Consolidated is a junior gold explorer with a portfolio of exploration projects across Western Australia and South Australia.
The flagship Murchison Gold Project in Western Australia covers 343 square kilometres and hosts a high-grade resource of 1.1 million ounces with 65% in the measured and indicated classifications.
Other gold projects are Circle Valley in the Albany Fraser mobile belt of southern WA that hosts the Tropicana mine and Skye in the Gawler Craton in South Australia, a region known for plunge-continuous high-grade gold such as that seen at the nearby Challenger deposit.