Lode Resources (ASX:LDR) has logged new silver–antimony and silver-zinc–lead mineralisation at its Montezuma Silver and Antimony Project in Tasmania.
Hole MZS43 intersected a previously unknown silver-antimony lode around 50m into the hanging wall of the main Montezuma Lode, as well as two replacement-style silver-zinc-lead zones.
The replacement zones measured 2.2m and 15.4m downhole within the Maestries conglomerate. Lode says it visually identified sphalerite, galena, and pyrite within the zones, including intervals of massive sulphide mineralisation. Assays from MZS43 are pending, and the company cautions that visual estimates cannot substitute for laboratory analysis.
The hole followed MZS42, which returned 6.4m @ 6.2% zinc, 1.5% lead, 0.1% antimony, 43 grams per tonne silver, and 0.1g/t gold.
That result first identified the replacement-style system around 50–80m west of the Montezuma Fault. MZS43 was the first hole drilled from the hanging-wall side of the deposit, providing a more favourable angle for testing the main lode and surrounding targets.
The newly identified hanging-wall lode comprised a 1m interval from 133.5m containing jamesonite, pyrite, arsenopyrite, and tetrahedrite.
The hole also intersected the Montezuma lode twice, returning mineralised intervals of 1.1m from 220.4m and 0.8m from 237.3m.
Managing Director Keith Mayes says the additional zones and extensions improve the project’s growth prospects.
“With drill hole MZS43 assays pending and further drilling underway from the newly established hanging-wall access, we are rapidly building our understanding of the scale and continuity of this mineralisation,” Mayes says.
A second hole is underway from the hanging-wall position to test extensions of the Montezuma lodes and the newly identified replacement-style system. The mineralisation remains open in all directions.
Lode owns 100% of Montezuma, located 13km east of Zeehan. The project hosts 8.2 million ounces of silver equivalent (AgEq) @ 533g/t AgEq and includes existing development infrastructure and advanced metallurgical test work.
Write to France Pinzon at Mining.com.au
Images: Lode Resources
