Laconia review extends Favi Vent Zone mineralisation

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THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has received more good news from its ongoing review of historical data at the company’s Kimsa Orcco project in Peru.

The review has produced further high-grade copper-gold-silver-tellurium results from exploration work completed by Buenaventura Ingenieros SAC during 1999, 2001 and 2002.

This work consisted of surface channel sampling, conducted at the San Valentin and the San Valentin East veins during 1999, trenching and channel sampling at regular intervals along the San Valentin and San Valentin East veins during 2002, and diamond drilling at San Valentin vein during 2001 and 2002.

Laconia declared the San Valentin veins to be the latest additions to the evaluation of the Kimsa Orcco project, adding they have demonstrated the calibre of mineralisation within the Favi Vent Zone.

Surface channel sample results at San Valentin include:

1.3 metres at 31.26 grams per tonne Au, 572.77g/t Ag, 95g/t tellurium and 1.3  per cent copper in sample 29410;

1.25m at 6.32g/t gold, 288.61g/t silver, 83g/t tellurium and 2 per cent copper in sample 29411;

0.4m at 13.08g/t gold, 224.47g/t silver, 24.1g/t tellurium and 1.82  per cent copper in sample 63753; and

0.9m at 7.83g/t gold, 341g/t silver, 69.5g/t tellurium and 1.8 per cent copper in sample 63747.

Surface channel sample results at San Valentin East include:

1.9m at 5.54g/t gold and 61.91g/t silver in sample 63838; and

1m at 2.09g/t gold and 345.12g/t silver in sample 63840.

 

Plan View of the Southern Kimsa Orcco prospects with high-grade
copper-gold-silver (green labels) or gold-silver (black labels).
Copper-gold-silver prospects at the Favi Vent Zone have green-blue
labels. Gold-silver prospects outside the Favi Vent Zone have black
labels. Source: Company announcement

 

“Our evaluation continues to grow the mineralisation zone at Favi,” Laconia Resources Managing Director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The association of tellurium with the high-grade gold-silver-copper is very significant.

“The addition of the San Valentin veins combined with hydrothermal breccias identified at Breccia 18 supports Laconia’s view a stand-alone copper-gold-silver deposit is present at the Favi Vent Zone and is possibly overlying a large porphyry system at the Kimsa Orcco project.”

Email: info@laconia.com.au

Website: www.laconia.com.au