Lunnon Metals (ASX: LM8) has obtained further significant, near surface, high-grade intercepts at the Lady Herial prospect in the Foster area, hosted at its Kambalda Gold & Nickel Project (KGNP) in WA.
The Lady Herial prospect continues to deliver significant, near surface, high-grade intercepts from the current diamond drill (DD) and in-fill reverse circulation (RC) programme.
Two, thick, parallel mineralised structures have been identified at Lady Herial, spaced approximately 50m-60m apart and both dipping north-west at 30 degrees.
Mineralisation was recorded on both these structures and the geological model is being updated dynamically as assays are received. Pleasingly, new zones of very high-grade gold have been intersected potentially outside these structures, with one hole hosting the company’s best gold intercept recorded to date of 23 metres @ 16.61g/t Au at surface.
Given the very shallow depths at which the gold mineralisation starts (i.e. from surface) and the widths of the mineralisation recorded in the current program, Lady Herial continues to present as a priority prospect to meet the company’s strategic objectives for gold; namely to define shallow, high- grade mineralisation capable of being rapidly drilled, modelled, optimised and, if warranted, commercialised.
Upon receipt of the remaining assays, geological modelling will be completed and open pit optimisations undertaken to determine whether an initial Mineral Resource can be reported.
"New opportunities just keep opening up at Lady Herial. Just when we think we have found the limits on one structure; the next set of results identifies new mineralised zones we didn’t know about in otherwise poorly tested areas,” Managing Director, Edmund Ainscough, said.
“Our goal is to define all the near surface gold mineralisation as quickly as possible so that open pit evaluation can commence. However, some of these zones will need follow up drilling at depth and along strike to understand how large the ultimate opportunity is on the multiple parallel structures we are finding at Lady Herial.”
