Locksley Resources (ASX:LKY) has conducted structural mapping and has expanded a target mineralised corridor at the Desert Antimony Mine (DAM) in California, US, fourfold to 1.2km.
The expanded target has potential to strengthen the Mojave Project’s position as a strategic US critical minerals hub, aligned with accelerating domestic supply chain initiatives.
Mapping also confirmed the continuity of the north-northeast-striking structural zone that hosts stibnite mineralisation at DAM, and identified a second, parallel shear zone, 150m to the west, exhibiting similar alteration and structural characteristics.
Locksley, which has a market capitalisation of $132.2 million, says the latest findings have been included in a new 3D geological model, which has defined seven priority surface sampling targets.
These targets will guide the next phase of exploration and support the development of an exploration target to guide future drilling programs.
CEO Kerrie Matthews says this program has advanced the company’s geological understanding and confirmed the exploration potential of the district.
“The fourfold expansion of the DAM target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralised system,” Matthews says.
“This success, coupled with high-grade silver confirmed at Hendricks and the identification of multiple regional shear zones, has effectively lit up the entire Mojave Project for polymetallic vein discoveries.”
Mojave, located in the Mojave Desert of California, comprises 491 claims across contiguous prospect areas.
Locksley Resources is a mineral explorer focused on critical minerals in the US.
Write to Aaliyah Rogan at Mining.com.au
Images: Locksley Resources
