Laconia Resources identifies Favi copper extension

THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has identified additional high-grade copper-gold-silver values at the Favi prospect extending 400 metres north of the Española 1 prospect within the company’s Kimsa Orcco project in Peru.

The Kimsa Orcco project is the combination of the company’s Rasuhuilca and Huaco Cucho projects.

 

Plan View of the Indigena, Favi and Española 2 prospects extending
to the north from the Española 1 prospect, showing surface channel
sample locations (coloured by copper content). Source: Company
announcement

 

Laconia explained the Española 1 vein system was originally recognised as a gold and silver prospect, but was increased in priority after its exploration plan established an historic adit channel sampling intersection of:

24.9 metres at 3.88 per cent copper, 2.98 grams per tonne gold and 66.63g/t silver, including 15.5m at 6.54 per cent copper, 4.77g/t gold and 103.86g/t silver.

Further compilation of historic results into modern geological software by Laconia includes mapping and surface channel sampling of a series of copper-gold-silver rich veins and breccias extending 400 metres north.

This extension includes the Indigena vein, the Española 2 vein and the Favi vein.

Surface sample results at Favi include:

1.6m at 8.8 per cent copper, 0.66g/t gold and 95.5 g/t silver;

0.55m at 5.9 per cent copper, 6.07g/t gold, 0.19 per cent lead and 179.3g/t silver;

0.35m at 12.9 per cent copper, 2.27g/t gold, and 273g/t silver;

0.5m at 6.9 per cent copper, 0.89g/t gold, and 146.4g/t silver;

0.55m at 7.5 per cent copper, 11.84g/t gold and 241.94g/t silver;

0.4m at 4.2 per cent copper, 2.52g/t gold and 81.28g/t silver; and

0.4m at 1.9 per cent copper, 1.59g/t gold, 0.48 per cent lead and 96.6g/t silver.

Laconia said a central region at Kimsa Orcco, containing copper-rich mineralisation has now been recognised through the systematic review of data using up-to-date 3D computer software.

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

“The company continues to identify further high-grade copper-gold-silver mineralisation from our Kimsa Orcco project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The project clearly contains a large, highly mineralised system and our understanding and knowledge of the wider system continues to grow through the systematic processing and follow up of the excellent historical data.

“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