Latitude 66 (ASX:LAT) has returned assays from the first 20 holes of phase two drilling at the Laverton Gold Project, expanding the mineralised footprint at the Tin Dog prospect and defining a mineralised structural corridor.
Assays returned include 8m @ 3 grams per tonne gold, including 5m @ 4.5g/t gold from 61m; 1m @ 24.9g/t gold from 86m; and 2m @ 7.6g/t gold from 15m.
The program has identified two new mineralised lodes, The Don and Wilpro, with both exceeding strike lengths over 500m.
Mineralisation is linked to northwest–southeast trending shear zones associated with the regional Hornet-Stewart shear system.
Managing Director Grant Coyle says initial results have returned grades that are “consistent with other major deposits in the area”.
“The identification of the mineralised structures materially expands the prospective footprint of the broader Laverton Gold Project, with multiple parallel NW–SE trends identified across the tenement package that remain largely untested,” Coyle says.
“These structures display consistent quartz veining and alteration signatures, providing clear targets for follow-up drilling aimed at rapidly growing the contained mineral resources.
“Historical exploration focused on the now recognised secondary cross-link structures, so the main mineralised trend is relatively unexplored.
“With the system wide open and assays pending for the remaining 22 drill holes in the phase two program, including Red Dog results, we see strong potential for continued discovery and resource growth.”
Latitude 66 is a diversified gold and critical minerals explorer focused on discoveries in mining jurisdictions in Finland and Australia.
Write to Maddison Elliott at Mining.com.au
Images: Latitude 66
