Latitude 66 (ASX:LAT) reports that fixed loop electromagnetic (FLEM) surveys have identified high-priority drill targets across its Kuusamo Schist Belt (KSB) and Peräpohja Schist Belt (PSB) projects in Finland.
The company flagged six historical anomalous gold intersections occurring around the margins of the K1 conductor, including 5.6m @ 7.3 grams per tonne (g/t) gold (Au).
The conductor lies beyond the current mineral resource estimate envelope, highlighting the potential to expand the existing 7.2 million tonne resource containing 650,000 ounces of Au and 5,840 tonnes of cobalt.
Latitude 66 says the surveys confirmed and strengthened the K1 conductor at KSB, increasing modelled conductance from 1,040 siemens to 2,466 siemens.
A combination of downhole electromagnetic and FLEM modelling also outlined a continuous conductor extending approximately 320m along strike and up to 650m down dip.
At the PSB Project, surveys identified a large-scale conductor measuring approximately 1,200m by 700m at the Reutu prospect, sitting sub-parallel to the Sihtunna Fault.
Managing Director Grant Coyle says the results represent an important step in demonstrating the growth potential of the Finnish projects.
“At KSB, the identification of stronger and more extensive conductors immediately beyond the existing K1 resource supports our geological model and provides compelling, drill-ready targets with the potential to materially expand the current resource,” Coyle says.
“At PSB, the scale of the conductors identified at Reutu is particularly encouraging.
“Their location along a major regional structure reinforces our view that the project has the potential to host large-scale sulphide mineralisation analogous to other significant deposits in northern Finland.”
Latitude 66 plans to continue advancing exploration and development activities across both projects during the second half of 2026, with a focus on KSB.
A targeted diamond drilling program in Q3 has also been scheduled to test priority conductors across both projects, with drill rig procurement already underway.
The company notes technical workstreams for the KSB Prefeasibility Study and environmental impact assessment activities will likewise continue.
Latitude 66 is an Australian mineral explorer and developer focused on gold, cobalt, and critical minerals in Finland and Western Australia.
Write to Paula Fabe at Mining.com.au
Images: Latitude 66
