Laconia scores high at Lennons Find
THE DRILL SERGEANT: Perth based explorer Laconia Resources recently completed a 42 hole, 1,939 metre Reverse Circulation (RC) drill program at its Lennons Find base metals project located near Marble Bar in Western Australia.
According to Laconia the drilling has intersected significant, high-grade zinc and silver mineralisation.
The company has received initial assay results for drilling carried out on the Hammerhead and Bronze Whaler prospects.
Highlights from the drilling included:
– 4 metres at 174 grams per tonne silver, 0.23 grams per tonne gold, 2.35 per cent zinc, 0.08 per cent copper, 1.04 per cent lead from 150 metres.
At the Bronze Whaler prospect, high grade silver mineralisation intersected near surface and along strike, including:
– 5m at 117g/t silver, 0.66g/t gold, 0.67% zinc, 0.23% copper, 1.52% lead from 10m.
The Lennons Find project currently has a JORC Code Inferred Resource at the Hammerhead prospect of 853,000 tonnes at 115 grams per tonne silver, 7.7 per cent zinc, 0.7 per cent copper, 1.8 per cent lead.
The drill program targeted infill and deeper drilling at the Hammerhead prospect.
The intercepts were encountered outside the boundary of the current resource, which the company said confirmed its view that it will be able to increase the resource base at Lennons Find.
Laconia said it was also encouraged by the high precious metal values intersected which confirms the high tenor of the grade in the current resource.
The program was designed to also test along strike at the Bronze Whaler and Tiger prospects.
Assay results from shallow RC drilling at the Tiger prospect at Lennons Find are expected to be available for release in early October.
“Our maiden drill program at Lennons Find has been an outstanding success and has provided the company with enormous encouragement that further drilling will significantly add to the project’s current resource base,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.
“After acquiring the project in March this year, we have made rapid progress in our aim to increase its resource tonnage, and the intersection of high-grade silver near surface along strike at the Bronze Whaler prospect has been particularly pleasing.”
Laconia acquired a 95% interest in the Lennons Find project from Jabiru Metals Limited in March.
At the same time it announced the acquisition of the nearby Yandicoogina base metals project from Shaw River Resources.
The two projects are located approximately 40 kilometres from Marble Bar on the southern edge of the Mt Edgar Granitoid Complex, in the East Pilbara region of WA.
Laconia has ongoing structural mapping underway that it anticipates will provide further insight into the geological architecture controlling mineralisation.
Additional resource delineation and exploration drilling is planned for the new-year.
On receipt of the outstanding assay results from the Tiger prospect, Laconia will commence resource modelling incorporating all new data.