USD $4,165.18
Goldman Ten new RC holes define a predictable near-surface structure as Lunnon moves towards a technical assessment.
Lunnon Metals Limited (ASX:LM8) has reported consistent gold intersections from ten new reverse-circulation holes at the Plentiful prospect within its Foster-Baker project in Western Australia’s St Ives gold camp.
Selected results from the latest drilling include:
- 12m at 1.42g/t Au from 76m in PBS26RC_072.
- 14m at 1.42g/t Au from 68m in PBS26RC_071.
- 14m at 1.04g/t Au from 58m in PBS26RC_069.
- 4m at 2.08g/t Au from 91m in PBS26RC_074.
- 9m at 1.09g/t Au from 48m in PBS26RC_068.
Lunnon applied a reporting cut-off above 0.5g/t Au. Based on the current geological interpretation, the company considers the true widths to be close to the reported drilled widths.
The company said Plentiful has now been drilled at approximately 20-metre by 20-metre spacing, which is capable of supporting an initial reportable mineral resource estimate. It will first model the mineralisation and assess the prospect’s economic potential and ranking within its portfolio.
Lunnon is undertaking a $13 million, 43,000-metre exploration program in the 2027 financial year. Separately, it has completed two EIS-supported deep diamond holes totalling 1,429 metres at Foster-Baker. The company said the deep program did not identify a compelling follow-up target and no further work is currently planned on that target.
Lunnon Metals managing director Edmund Ainscough:
Plentiful continues to provide consistent, thick, and modest gold grade intercepts. We have done enough now at Plentiful to model the mineralisation, test its economic potential and make an assessment on where it ranks in our portfolio. A key objective of the FY2027 discovery program is to assess opportunities quickly and then advance them swiftly or park them, so they do not become a distraction. Our site team’s mantra is to make sure the drill rigs keep testing as many new prospects/targets as possible, as the next line of holes, the next deep diamond hole, or the next follow up RC hole might be the one to shift the dial.
