Lode Resources Ltd (ASX:LDR) Inaugural High-Grade Drill Assays Received
High-Grade Assay Results
Lode Resources Ltd (ASX:LDR) reported the first batch of high-grade drill core assays from the Montezuma Antimony Project in Tasmania. The results highlight exceptional intercepts of antimony and silver, with mineralisation found to be wider than previously expected.
Significant intercepts include:
– 12.02% Sb, 1,677 g/t Ag, 1.16 g/t Au over 2.6m in drill hole MZSFW5.
– 12.00% Sb, 1,030 g/t Ag, 2.37 g/t Au over 2.0m in drill hole MZSFW3.
– 4.38% Sb, 445 g/t Ag, 1.80 g/t Au over 2.9m in drill hole MZSFW8.
Broader high-grade intercepts have also been recorded, such as:
– 5.02% Sb, 738 g/t Ag, 0.70 g/t Au over 8.6m in drill hole MZSFW5.
The company anticipates further assay results in the coming weeks and is preparing for an extensive diamond drilling programme of approximately 10,000m.
Future Plans and Infrastructure
The exploration work is continuing with surface mapping and sampling designed to extend known mineralisation at the Montezuma deposit. Additionally, key infrastructure, including substantial beneficiation facilities, is in place to support future development.
Lode’s Managing Director, Ted Leschke, stated: “These first assays from Montezuma confirm the high-grade nature of the deposit along with unexpected gold grades. We are eager for the upcoming drill results and further developments at Montezuma.”
The Montezuma project is positioned as a critical metal resource, with increasing market demand amid tighter supply conditions, especially considering recent export restrictions from China.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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