Laconia expands Peruvian mineral system

THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has completed additional historic data compilation and review, which it says has revealed a parallel set of veins adjacent to the Española 1 prospect in Peru, called the Barita vein.

The trend consists of 280 metres strike of parallel veining immediately west of the Española 1 veins, and also broadens the width of outcropping veining at the area to 130m wide.

The Española 1 prospect, lies within the company’s 100 per cent-owned tenements (Patacancha 3).

The parallel Barita vein is within the Huaco Cucho No 2 tenement, part of a package of 11 tenements over which Laconia has acquired an option.

 

Plan view of the Southern Kimsa Orcco prospects with high-grade
copper-gold-silver (green labels) or gold-silver (black labels),
including the Barita vein that is parallel to Española 1 prospect.
Source: Company announcement

 

“Parallel vein sets at Barita dramatically increase the area of known mineralisation around the Española 1 prospect,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“We have incorporated the significant historic results at Barita and our new sampling results at Fortuna and Española 1 into a near-surface model of mineralisation at the Favi Vent Zone.

“To date we have identified greater than 850 metres strike of high-grade copper-gold-silver veining and this opens up many possibilities for future development of the project, including open cut potential.

“The presence of such high-grade copper and precious metals is particularly pleasing.

“Sampling results from the northern Kimsa Orcco tenements are pending and we look forward to incorporating these assay and spectral analysis results into our planning.”

At Kimsa Orcco, Laconia has identified a central region containing copper-rich mineralisation through systematic review of historic data with the benefit of modern 3D computer software.

This has consolidated Laconia’s understanding of the greater zone of mineralisation and its geological controls.

The company has recently completed successful resampling of mineralised areas, which it claims to validate and increase its confidence in the use of the historical data set in exploration programs planned for later in the year.

Email: info@laconia.com.au

Website: www.laconia.com.au