Laconia intersects high-grade copper at Espanola 1 prospect

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THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has received results from underground channel samples collected at the Española 1 prospect, within the company’s Kimsa Orcco project in Peru, which it claims have confirmed an historic high-grade copper-gold-silver intersection.

Laconia explained the Española 1 vein system was originally considered as a gold and silver prospect, but was elevated in priority after identification of an historic adit channel sampling intersection.
 
Laconia carried out a program of repeat underground channel sampling at the Kimsa Orcco project during April that confirmed the intersection, with 25 samples collected over 14 of the 16 original channel sample locations.

Laconia’s sampling of the high-grade copper-gold-silver zone at Española 1 Adit returning a composited intersection of:

21.5 metres at 2.55 per cent copper, 2.26 grams per tonne gold Au and 50.97g/t silver, including 12.3m at 3.72 per cent copper, 3.22g/t gold and 69.74g/t silver from the adit entrance.

New sample results from Española 1 Adit include:

1m at 9.6 per cent copper, 4.3g/t gold, and 112g/t silver;

1.96m at 6.75 per cent copper, 3.38g/t gold, and 95g/t silver;

1.26m at 3.4 per cent copper, 6.02g/t gold, and 116g/t silver; and

0.8m at 6.4 per cent copper, 12.99g/t gold, and 222g/t silver.

 

Plan View of the high-grade copper intersections in adit channel
sampling at the Española 1 Adit (4805 level). The historic channel
sampling is notated above and below the channel sample lines and the new
channel samples completed by Laconia are shown to the right or left of
the adit in the text balloons. Source: Company announcement

 

“The company is pleased to have transitioned to a phase of new geological work at the Kimsa Orcco project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“Laconia looks forward to expanding our exploration program and further developing what is clearly a large, highly mineralised system.

“The presence of high-grade copper, in conjunction with the gold and silver epithermal veins already identified, adds significantly to the potential of Laconia’s project interests.”

Email: info@laconia.com.au

Website: www.laconia.com.au