Lode Resources Ltd (ASX:LDR or 'Lode' or 'the Company'), a leading mineral exploration company, is delighted to announce the commencement of a collaborative research study with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) on the Webbs Consol Silver-Base Metals Project. This project, situated in the New England Fold Belt of New South Wales, has significant potential for silver-base metal mineralisation.
The collaborative study, supported by an Innovation Connections Grant from the Entrepreneurs' Programme, aims to evaluate and process newly acquired and existing geophysical, lithological, and geochemical data. These findings will serve as the foundation for constructing a comprehensive 3D model of the prospect and understanding the emplacement controls of silver-base metal mineralisation.
The CSIRO study will focus on key aspects such as mineralogical, geochemical, and metal alteration zonation, the relationship between deposit geometry and structures, as well as drawing analogies with other deposits. By conducting an extensive analysis, the study aims to enhance the understanding of silver-based metal mineralisation at Webbs Consol. This newfound knowledge will contribute to improved exploration strategies, mapping techniques, and drilling practices.
Lode's Managing Director, Ted Leschke, expressed enthusiasm for the collaboration, stating, "The Company is very pleased to have engaged the CSIRO for the study at Webbs Consol, as it provides Lode with access to the CSIRO's expertise in the fields of geochemical and structural vectoring and 3D modelling. The improved understanding of the controls of mineralisation should allow for better drill targeting beyond the current drill program. The very significant drill results achieved to date are well beyond our initial expectations, and this indicates that the prospectivity of silver-base metal mineralisation associated with the Webbs Consol Leucogranite is very strong and extensive, and completely overlooked by previous explorers."
Through the collaboration with CSIRO, Lode Resources aims to unlock the full potential of the Webbs Consol Silver-Base Metals Project. The Company's commitment to cutting-edge research and innovative exploration techniques is bolstered by the financial support from the Department of Industry, Science, Energy, and Resources. This collaboration marks an important milestone in Lode's mission to advance the understanding and development of silver-base metal mineralisation in Australia.
About us:
Lode Resources is an ASX-listed explorer focused on the highly prospective but under-explored New England Fold Belt in north-eastern NSW. The Company has assembled a portfolio of brownfield precious and base metal assets.
Contact details:
Katrina Griffiths