Latitude Consolidated Ltd (ASX:LCD) is highly encouraged by early indications from a second phase drilling program at the Murchison Gold Project in Western Australia’s Mid-West with visible gold observed in reverse circulation (RC) drill chips.
Drilling has initially focused on a high-grade zone at Turnberry South prospect which appears to plunge to the south, away from the existing mineral resource.
All holes intercept zone
All holes intercepted a veined and strongly altered zone at the target depth with sulphide mineralisation observed in the rock chips.
Providing most encouragement was the visible gold in hole 21TBRC007 within a thick mineralised intercept with abundant sulphide mineralisation.
“Extremely pleased”
LCD’s CEO Tim Davidson said: “We are extremely pleased to see all Phase 2 holes intercepting mineralisation as anticipated. It is also pleasing to see visible gold observed in the RC chips of hole 21TBRC007.
"Visible gold has previously been observed in drilling at Turnberry Central which is 1-kilometres to the north, however to our knowledge this is the first time visible gold has been observed at Turnberry South.”
Section ‘A’ showing location of visible gold and thick mineralised intercepts in drill hole 21TBRC007.
Drilling continues
The company is encouraged by these indications of high-grade mineralisation and continues to drill this high-grade shoot as well as the high-grade zone at Turnberry Central.
Previous intercepts from Turnberry Central include:
- 41 metres at 4.8 g/t gold from 148 metres;
- 23 metres at 7.1 g/t from 69 metres;
- 9 metres at 10.4 g/t from 162 metres;
- 18 metres at 4.7 g/t from 192 metres;
- 18 metres at 3.4 g/t from 154 metres; and
- 37 metres at 2.8 g/t from 209 metres.
Phase 2 drilling ís progressing as planned with more than 2,000 metres of drill samples dispatched and awaiting preparation and assay at the laboratory.
Davidson added: "A significant number of samples are currently at the laboratory, and we look forward to having them processed and updating our shareholders with the results as they are returned.”
A diamond drill will arrive on site in the second half of November to complete diamond tails at Turnberry as well as additional open pit geotechnical drilling in anticipation of a mining definitive feasibility study (DFS) starting in 2022.