Lode Resources Ltd (ASX:LDR) has commenced the next phase of diamond drilling at the Webbs Consol Silver-Base Metals Project with 26 holes totaling approximately 5,000m planned.
Subsequent to the success of the previously reported drillholes, including WCS045 returning 116.1m @ 1,003g/t Ag-Eq from 90.9m at the Tangoa West prospect, as well as WCS019 returning 26.7m @ 421g/t Ag-Eq, and WCS044 returning 54m @ 304g/t Ag-Eq. This phase of drilling will test down dip extensions below previously announced thick ‘high-grade’ holes at Tangoa West, Main Shaft and the Copycat Lodes in addition to testing new targets.
Tango West will account for the majority of drill holes with 11 holes totalling about 3,000m planned.
“The company is well funded for the planned drill program and beyond”
Addressing the drilling program, Lode’s Managing Director Ted Leschke says: “We are very excited about the recommencement of drilling at the Webbs Consol Silver-Base Metals Project. Drilling to date has discovered 6 mineralised lodes and revealed that the Webs Consol mineral system much more extensive than previous recognised.
The company is well funded for the planned drill program and beyond.”
The decision to continue drilling at Webbs Consol reflects a strong belief in prospectivity and expansive size of the Webbs Consol mineral system.
Lode Resources is an ASX-listed explorer focused on the highly prospective but under explored New England Fold Belt in north eastern NSW.
