Litchfield Minerals’ (ASX:LMS) Drilling Confirms Significant Base Metal Sulphides at Mt Doreen Project, West Arunta
Perth, Australia – 15 August 2024 | Litchfield Minerals Limited (ASX: LMS) ("Litchfield" or "the Company") is pleased to announce the successful confirmation of substantial base metal sulphides at its Mt Doreen Project, located in the West Arunta region of Northern Territory of Australia. The drilling campaign has yielded promising results from the Project, highlighting the potential for high-grade polymetallic mineralisation in the project area.
Highlights:
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Significant Intercepts at Silver King Project: The standout intercept from drill hole LMRD004 included:
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17m @ 2.47% Pb, 1.06% Zn, 15.7 g/t Ag from 49m;
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Including 3m @ 11.84% Pb, 5.62% Zn, 0.1% Cu, 57.1 g/t Ag from 51m;
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Additional intercepts include 33m @ 0.57% Zn, 0.28% Pb, 1.9 g/t Ag from surface.
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Sulphide Distribution: Sulphides were encountered throughout all of the four diamond holes drilled at Silver King, suggesting the potential for scale and higher-grade mineralisation across the Mt Doreen Project.
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Advanced Exploration Techniques: The discovery of massive sulphides is particularly encouraging at a time where the Company prepares for a tenement-wide VTEM survey (starting on August 23rd) that is designed to detect and model Silver King-type mineralisation.
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Future Work: The Company is partnering with PGN Geosciences to deliver a comprehensive litho-structural interpretation that is aimed at refining exploration targets within the tenement. Additionally, ground gravity surveys over Patmungula and Dumunzi have been completed, and results are expected soon.
Matthew Pustahya, Managing Director and CEO of Litchfield Minerals, stated: “The team is thrilled with the results from LMRD004 at Silver King, West Arunta, Mount Doreen. These findings confirm our long-held belief that the Mount Doreen project is fertile, with the potential to generate high-grade polymetallic systems.
Our current priority is to identify broader areas of sulphide distribution and potential trap sites within both the Silver King area and Mount Doreen tenement package. To accelerate ground validation, we have partnered with PGN Geosciences to deliver a litho-structural interpretation, which will provide critical insights into the litho-structural architecture across the Mount Doreen tenement, helping us pinpoint specific exploration targets.
In addition, we have recently completed ground gravity surveys over Patmungula and Dumunzi (August 2024), with results expected shortly. We are also gearing up for a tenement-wide VTEM survey starting around August 23rd, and have engaged Dr. Neil Pendock, a leading expert, to conduct a sentinel data review. Sentinel data has historically been invaluable in mineral exploration, offering key information about surface and subsurface conditions.
Our team is making significant progress, and we remain dedicated to exploration excellence. Our strategy of continuously acquiring more data is significantly enhancing our understanding of the area, guiding us toward the discovery of a potentially much larger mineralized system.”
The Drilling Campaign:
Litchfield's inaugural drilling campaign at the Mt Doreen Project targeted three prospects (Silver King, Mt Irene, Copper Flats), with twelve holes that total 1,769m. The drilling at Silver King has revealed significant zones of mineralisation, and further exploration is already planned to fully understand the extent of the resource.
Matthew Pustahya
Managing Director & CEO
[email protected]
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]
About us:
About Litchfield Minerals Limited:
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 these essential metals for future generations.
We are dedicated to involving cutting-edge technology, responsible practices and stakeholder collaboration drives us to continuously redefine the industry standards and deliver value to our investors, communities and the world.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]