Lode Resources Ltd has announced a significant exploration update on drilling at the company’s 100% owned Webbs Consol Silver Project located in the New England Fold Belt in north-eastern New South Wales, Australia.
Preliminary RC drilling at the Webbs Consol Silver Project testing the Webbs Consol North prospect has successfully intercepted significant silver and zinc mineralisation in several drill holes.
These first intercepts at Webbs Consol North are not only similar to the rich mineral endowment found in the initial drill intercepts encountered at the Tangoa West Lode, they also span a considerably larger area potentially representing multiple lodes or a larger mineralised body.
Zinc equivalent grades are now also reported, reflecting the increasing dominance of zinc rich zones with depth, while silver remains prevalent across all zones.
Webbs Consol North is a further addition to a portfolio of several mineralised lodes discovered to date over a strike length of 3.5 km at the Webbs Consol Silver Project.
A follow-up programme is currently being designed to infill drill spacing as well as test mineralisation at depth at Webbs Consol North and other lodes discovered to date, including Tangoa West. Other targets further south of known mineralisation are also under consideration.
Managing Director, Ted Leschke, commented: “The Webbs Consol North prospect is shaping up to be a significant addition to the portfolio of mineralised lodes discovered to date at the Webbs Consol Silver Project. LDR remains well funded for the further exploration work at both the Webbs Consol Silver and Uralla Gold Projects.”
Source: Global Mining Review
