Lode Resources (ASX:LDR) Reports Spectacular High-Grade Assays at Montezuma Project
High-Grade Assay Results
Lode Resources Ltd (ASX:LDR) announced the receipt of a new batch of high-grade drill core assays from its Montezuma Antimony Project in Tasmania’s premier West Coast Mining Province. The assays revealed spectacular high-grade antimony and silver intercepts, with mineralisation wider than previously thought. Additionally, significant gold, copper, and tin assay values have enhanced the overall mineral endowment.
Significant Drill Intercepts
Key intercepts include 18.23% Sb and 612 g/t Ag over 0.8m in drill hole MZSFW7, 5.36% Sb and 913 g/t Ag over 1.9m in drill hole MZSFW1, and 6.58% Sb and 826 g/t Ag over 1.3m in drill hole MZS03. These high-grade intercepts are contained within broader high-grade zones, such as 3.57% Sb and 432 g/t Ag over 7.0m in MZSFW7.
Extensive Drill Programme Planned
An extensive diamond drill programme of up to 10,000m is in the final stages of planning. The Montezuma deposit remains open to the north, south, and at depth. Historic soil sampling revealed a 500m tin anomaly coinciding with the Montezuma structure, which is the focus of ongoing surface mapping and sampling.
Executive Comments
Managing Director Ted Leschke stated, “These new assays from Montezuma reaffirm the high-grade nature of the antimony-silver deposit mineralisation. We look forward to the commencement of drilling in the coming weeks in addition to results of surface mapping and sampling along strike.”
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