LCL Resources Encounters Further Kusi Gold

THE DRILL SERGEANT: LCL Resources (ASX: LCL) scored intriguing results from recent drilling undertaken at the Kusi gold/copper skarn target within the company’s Ono project in PNG.

LCL Resources received drill results from KU23DD005, the first step out hole to the north of previous drilling, which it reported to have expanded gold intercepts by 150 metres.

Results include:

KU23DD005
77.9 metres at 1.53 grams per tonne gold from 118.1m, including 56m at 1.97g/t gold from 124m and 12.2m at 5.15g/t gold, 2.5 per cent zinc from 270.3m.

LCL explained KU23DD005 is the first drill hole to report elevated copper within the target unit, with multiple anomalous zones including 13m at 0.14 per cent copper.

All five drill holes of LCL’s maiden Kusi drilling program have now delivered intercepts exceeding a metal factor above 50gram-metres gold.

“A metal factor exceeding 50gm gold from early stage drilling is very exciting and considered a drill result worthy of follow-up drilling,” LCL Resources principal geologist John Dobe said in the company’s ASX announcement.

“That every hole we have drilled exceeds this marker, with some reaching nearly 200gm, is a testament to the compelling nature of this developing discovery.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE