Skip to content
Business Company News, Oil Mining Resources

Northern Territory Explorer, Litchfield Minerals Confirms Intrusion-Related Base Metal Sulphides at Silver King Prospect

Jane Morgan Management 3 mins read


  • Initial drilling at Silver King in West Arunta confirms the presence of intrusion-related base metal sulphide mineralisation.

  • Best intercept from LMD001: 15m @ 0.23% Cu, 0.31% Zn, 762ppm Pb, 4.8g/t Ag, 0.02g/t Au from 20m, including 2.25m @ 0.49% Cu, 0.35% Zn, 0.14% Pb, 16.7g/t Ag, 0.08g/t Au from 20.75m.

  • Best intercepts from LMRD002: 3.9m @ 0.11% Cu, 0.28% Zn, 363ppm Pb, 1.27g/t Ag from 25.26m and 2.1m @ 3.78% Zn, 0.93% Pb, 343ppm Cu, 5.79g/t Ag, 0.01g/t Au from 66.2m.

  • Widespread sulphide distribution suggests a fertile system with potential for higher-grade mineralisation.

Sydney, Australia – July 8, 2024 – Litchfield Minerals Limited (ASX:LMS), a leading explorer with a focus on critical minerals, is pleased to announce significant initial drilling results from the Silver King Prospect, located in the West Arunta region of Northern Territory. The company's Diamond Drilling campaign has successfully confirmed the presence of intrusion-related base metal sulphides, marking a promising start for further exploration efforts.

The initial results from Diamond Drillholes 1 and 2 (LMRD001 and LMRD002) highlight the discovery of substantial base metal sulphide mineralisation near the surface. The standout results from exploration hole LMD001 include an intercept of 15 meters grading 0.23% copper, 0.31% zinc, 762 parts per million lead, 4.8 grams per tonne silver, and 0.02 grams per tonne gold from a depth of 20 meters. This includes a higher-grade zone of 2.25 meters at 0.49% copper, 0.35% zinc, 0.14% lead, 16.7 grams per tonne silver, and 0.08 grams per tonne gold from 20.75 meters.

Drill hole LMRD002 also reported notable intercepts, including 3.9 meters at 0.11% copper, 0.28% zinc, 363 parts per million lead, and 1.27 grams per tonne silver from 25.26 meters, as well as 2.1 meters at 3.78% zinc, 0.93% lead, 343 parts per million copper, 5.79 grams per tonne silver, and 0.01 grams per tonne gold from 66.2 meters. The widespread sulphide distribution observed in these holes indicates a fertile system with potential for further scale and higher-grade mineralization.

Matthew Pustahya, Managing Director and CEO of Litchfield Minerals, commented, 

"We are excited by our recent discovery of intrusion-related base metal sulphides in the early stages of our exploration drilling program at the Silver King Project, located in the Aileron province of the West Arunta, Northern Territory. The widespread distribution of sulphides is an initial indication of a fertile system with additional holes designed to demonstrate scale and potentially identify higher-grade mineralisation. The journey has only just begun."

The company has completed a total of 1,769 meters of combined Diamond and Reverse Circulation drilling across the Silver King, Mount Irene, and Copper Flats prospects during this maiden campaign. Assays from an additional 10 drill holes are pending and will be reported as they become available.

Relating to the Copper Market:

The confirmation of copper mineralisation at Silver King comes at a pivotal time for the global copper market. Copper, often referred to as "Dr. Copper" for its widespread use in economic activities, is experiencing strong demand due to its essential role in the transition to green energy and electric vehicles (EVs). The metal's critical application in renewable energy systems, including wind turbines and solar panels, as well as in the infrastructure needed for EVs, makes it indispensable for the global push towards decarbonization.

Recent market analyses indicate a potential supply deficit in the coming years, driven by robust demand growth outpacing new supply sources. This dynamic underscores the importance of new discoveries and developments in copper exploration, positioning companies like Litchfield Minerals at the forefront of meeting future demand.


Next Steps:

Litchfield Minerals plans to expand its geological knowledge and database to cover the entire Mount Doreen tenement package. The company aims to explore the underexplored areas of Mount Doreen, presenting substantial opportunities for the project and shareholders.

The West Arunta region is witnessing heightened exploration activity, and Litchfield Minerals is well-positioned to contribute to the discovery of valuable mineral resources in this promising area.

About us:

About Litchfield Minerals

Litchfield Minerals is a critical mineral explorer, primarily searching for base metals and uranium out of the Northern Territory of Australia. Our mission is to be a pioneering copper exploration company committed to delivering cost-effective, innovative and sustainable exploration solutions.

We aim to unlock the full potential of copper and other mineral resources while minimising environmental impact, ensuring the longevity and affordability of this essential metal for future generations.

Contact details:

For further information
Jane Morgan



More from this category

  • Business Company News, Oil Mining Resources
  • 16/07/2024
  • 10:44
Jane Morgan Management

Victory Metals Ltd (ASX:VTM) Confirms Largest Australian Indicated Heavy Rare Earth Element Resource

Perth, Australia - 16 July 2024 | Victory Metals Limited (ASX: VTM) is pleased to announce a significant milestone with the updated Mineral Resource Estimate (MRE) for its North Stanmore Heavy Rare Earth Elements (HREE) dominant Project, confirming it as the largest Indicated Mineral Resource of Australian HREE-dominant deposits. Key Highlights: Total Updated MRE: 235Mt, with 149Mt (63%) in the indicated category. Contained Indicated MRE: 79,200t of Total Rare Earth Oxides (TREO) and 28,000t of Heavy Rare Earth Oxides (HREO). Contained Indicated MRE Dy2O3 + Tb4O7: 3,010t. Near Surface High-Grade Domain: 45.9Mt at 1,050ppm TREO, supporting a rapid development strategy…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 16/07/2024
  • 10:32
Jane Morgan Management

Intra Energy Corporation Ltd (ASX:IEC) Commences Track and Drill Pad Preparation at Maggie Hays Hill Project

Sydney, Australia – 16 July 2024 |Intra Energy Corporation Limited (ASX: IEC)is pleased to announce that track and drill pad preparation is underway at its high-priority Maggie Hays Hill ("MHH") Project in the Lake Johnston Greenstone Belt. This preparation marks the beginning of a comprehensive 2,000-metre RC drilling program set to commence in the coming weeks. Key Highlights: Preparation Underway: Track and drill pad preparation has begun at the MHH Project, focusing on the southern pegmatite lithium target and multiple gold targets across the project. Drilling Program: A 2,000-metre RC drilling program will start soon, expected to take 14-20 days.…

  • Contains:
  • Business Company News, Women
  • 16/07/2024
  • 08:47
Collective-Inspiring Women in Business

Collective brings national networking event to Parramatta

Dr. Catherine Kizana, Founder of ABC Parenting and esteemed Parenting Coach, will speak at a national networking event for businesswomen in Parramatta later this…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.