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Latitude Consolidated Commences Murchison Phase 2 Drilling

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) has kicked off its Phase 2 exploration program for the company’s Murchison gold project in Western Australia.

Latitude Consolidated will commence drilling at the Turnberry South target location with RC drilling infilling and testing a thick high-grade south plunging shoot.

This will be followed by drilling at Turnberry Central were broad high-grade mineralisation remains open at depth.

In addition to the RC drilling, Latitude has diamond drilling service provider on board, ready to mobilise to site in the December quarter to complete diamond tails for several deeper targets within the Turnberry Central zone.

To keep things moving, aircore drilling is scheduled to commence at St Anne’s in the December quarter as drilling at Turnberry concludes, with the company eager to follow up previous broad high-grade drill results at that prospect where anomalous gold is observed over 500m of strike.

“We are excited to be getting our second exploration field program underway at the Murchison gold project,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“Our Phase 1 exploration program, which we completed earlier this year, was designed as an advanced greenfield program testing a number of areas on our tenure where previous exploration has shown there to be high-grade mineralisation.

“Our drilling confirmed this and provided valuable information as we advance each of those prospects.

“Our upcoming Phase 2 exploration program is a very targeted brownfield drilling program focussing on the near mine high-grade mineralisation which is important for both growth and confidence in the resources as the company advances the project to development ready.

“We are exceedingly confident in the quality of our Murchison gold project, and I look forward to providing further updates over the coming weeks as the exploration program progresses.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

Web: www.latitudeconsolidated.com.au

 

Latitude Consolidated Claims New Mineralised Trend Discovery at Andy Well

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) claimed discovery of a new mineralised gold trend at the company’s Murchison gold project in Western Australia.

Drilling completed by Latitude at the Suzie North Exploration Target, part of a current Phase 1 program, was designed to target a northwest-southeast striking system, which the company said is the first time this style of mineralisation has been specifically targeted at Andy Well.

The first three holes were drilled to define the strike orientation and dip of the mineralisation.

Latitude Consolidated explained that due to the mineralisation being oriented more acutely than it had initially interpreted only one of the three holes (21AWRC0003) intersected the Suzie North mineralisation.

However, the company indicated that when this drilling is viewed in conjunction with historical diamond drill hole WBUG0124 (drilled in 2013), it believes there is sufficient data available to interpret the strike orientation of the mineralisation.

Drilling at Suzie North included hole 21AWRC0003 that intersected:

7 metres at 1.9 grams per tonne gold from 121m, including 1m at 9.59g/t gold.

The two other holes completed at Suzie North appear to have intersected a parallel footwall lode but failed to intersect the primary mineralisation:

21AWRC0001
5m at 0.5g/t gold from 103m, including 2m at 1.07g/t gold; and

21AWRC000
7m at 0.64g/t gold from 162m, including 1m at 1.76g/t gold.

“This is an extremely exciting step forward for Latitude with the newly identified northwest-southeast mineralisation providing a new exploration targeting lens at Andy Well,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“The company notes there have been several major discoveries recently, both in the Murchison and other parts of the Yilgarn, where a new strike orientation has been identified and the resulting discoveries have been found to host significant mineralisation.

“We plan to test this potential at our Murchison gold project as we push ahead with the Phase 2 exploration program.

“Importantly with the support of our shareholders we have the funding in place to complete this work at an aggressive pace with a strong cash balance of approx. $9.5 million at the date of this announcement.

“We are expecting further assays to be received from drilling completed at several promising exploration targets within our portfolio and I look forward to reporting further updates in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au

 

Latitude Consolidated Increases Murchison Gold Resource

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) increased the Mineral Resource of the company’s Murchison gold project in Western Australia.

Latitude Consolidated has taken its total Resource to 13.1 million tonnes at 2.6 grams per tonne gold for approx. 1.16 million ounces.

The increase rides on the back of a 125 per cent increase to the Mineral Resource estimate for the Turnberry deposit that now stands at 11.3 million tonnes at 1.7g/t gold for 610,000 ounces.

Latitude explained this is the first Mineral Resource update to be completed at Turnberry since May 2019 when it was considered a non-core asset by previous owner Silver Lake Resources.

“We continue to build on our large, existing high grade gold resource and this 125 per cent upgrade at Turnberry is a fantastic outcome for Latitude,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“In short order, we have been able to clearly demonstrate the true scale and growth potential of our high-grade gold projects in the prolific Western Australian gold producing region of the Murchison.

“Turnberry is a shallow, high-grade deposit that has significant strike of 1.5 kilometres and remains open at depth and along strike.

“Given the scale of mineralisation at Turnberry, the company is increasingly excited by the St Anne’s prospect, which lies 3.5 kilometres to the south of Turnberry and displays similar grade and width characteristics to that seen at Turnberry in the limited drilling completed at the prospect to date.

“We have a clear plan in place to grow the existing resource base through systematic drilling and with a suite of high-grade gold targets outside of the existing resource base we are looking forward to delivering further success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au