Latitude Consolidated Identifies New Gold Targets at Mt Ida

THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) has identified new gold exploration targets, it considers to be highly prospective, located on recently acquired joint venture ground within the Mt Ida district of Western Australia.

Latitude Consolidated said the targets were identified during a recent technical exploration review and include prospects with historical ore grade intercepts, extensive historical workings and prospective geological structures.

The company has now prioritised several of the prospects for immediate follow-up work and drilling, and will be drill tested as part of the major upcoming exploration program at Mt Ida, which set to commence next month.

The highest priority regional targets were verified from a recent field trip and include a number of prospects that lie on or in very close proximity to the Ballard Fault – namely, the Golden Ridge, Golden Ridge North and Wedgetail prospects.

The has put the Shephard’s Bush prospect at the top of Latitude’s list of priorities as it considers this to be an important area due to its strategic location just two kilometres south of the company’s Spotted Dog South gold resource.

Previous drilling at this prospect returned wide low-grade intercepts from within the weathered profile of the banded iron unit and associated sediments.

“We are encouraged by the discovery of these significant and highly prospective new targets, which further validated its decision to become a major player within the Mt Ida district,” Latitude Consolidated chief executive officer Michael Edwards said in the company’s announcement to the Australian Securities Exchange.

“It has become abundantly clear after just a few months of concerted exploration activity and reviews just how under-explored this region is.”

Email: info@latitudeconsolidated.com.au

Website: www.latitudeconsolidated.com.au