Results continue to encourage Laconia

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THE DRILL SERGEANT: The good news keeps coming for Perth-based exploration company Laconia Resources.

The company has announced the intersection of further high-grade zinc and silver mineralisation from its maiden drilling program at the Lennons Find base metals project, near Marble Bar in the Pilbara region of Western Australia.

The latest results have been achieved from drilling at the Tiger prospect, with highlights including:

– 2 metres at 232 grams per tonne silver, 0.56 grams per tonne gold, 0.07 per cent zinc, 0.08 per cent copper from 15 metres; and

– 2 metres at 145 grams per tonne silver, 0.67 grams per tonne gold, 0.13 per cent zinc, 0.76 per cent copper from 6 metres.

Laconia said that it had confirmed the presence of ore grade mineralisation along strike in both directions.

Laconia recently released other results that it said had confirmed high-grade silver intersected near surface and along strike at the Bronze Whaler prospect.

The company has also intersected zinc-silver mineralisation outside the current Resource boundary at the Hammerhead prospect.

All of these high-grade results come from a recently completed a 42 hole, 1,939 metre reverse circulation (RC) drilling program conducted at the Lennons Find project.

The Lennons Find project currently has a JORC Inferred Resource 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 at the Hammerhead prospect.

The company is set to commence resource modelling incorporating results from all three prospects immediately.

“We continue to be delighted with the results from our targeted drilling at the Lennons Find project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The additional high grade results from the Tiger prospect, combined with the previous results from Hammerhead and Bronze Whaler, paint a compelling picture of the project’s potential.

“Significant zinc and silver grades have now been intersected on strike, on either side of the existing Resource at Hammerhead, and we look forward to incorporating these new intersections in Resource modelling as soon as possible.”