Lanthanein Resources has completed diamond drilling at its Lady Grey Project, targeting a significant EM conductor plate aligned with gold anomalies. Approval for further drilling under a higher-grade anomaly sets the stage for potential resource expansion.
- Completion of diamond drilling testing EM conductor plate under MLEM Line #6
- Drilling target coincides with a 75ppb gold soil anomaly and regional structural zone
- Programme of Work approved for drilling under higher-grade conductor plate at Line #1
- Line #1 target aligns with a 256ppb gold soil anomaly, indicating stronger potential
- Assay results from recent drilling expected within the current quarter
Drilling Milestone at Lady Grey
Lanthanein Resources Limited (ASX: LNR) has announced the completion of the first stage of diamond drilling at its Lady Grey Project, located within the prolific Mt Holland region of Western Australia's Yilgarn Craton. The drilling targeted a modelled conductor plate identified through Moving Loop Electromagnetic (MLEM) surveys along Line #6, which is spatially associated with a 75 parts per billion (ppb) gold soil anomaly and a favourable regional structural zone known for hosting gold mineralisation.
This initial drilling phase faced operational challenges, including interruptions from the festive season and a nearby bushfire, but the company has successfully completed the diamond tails. The drill core is currently undergoing logging, cutting, and sampling, with assay results anticipated to begin arriving during the current quarter. These results will be critical in validating the presence and extent of gold mineralisation associated with the conductor plate.
Strategic Approval for Next Drilling Phase
In a significant regulatory development, Lanthanein has received approval from the Department of Mines, Industry Regulation and Safety (DEMIRS) for its Programme of Work (PoW) to drill the conductor plate beneath MLEM Line #1. This target is considered higher priority due to its alignment with a much stronger 256 ppb gold soil anomaly, suggesting a potentially richer mineralised system.
Preparations are underway to refurbish access tracks, drill lines, pads, and sumps to facilitate this next phase of drilling. The Line #1 target's proximity to the historic Bounty Gold Mine, which produced approximately 1.3 million ounces of gold on the adjacent Covalent Lithium's Mount Holland site, further underscores the prospectivity of the Lady Grey area.
Context and Outlook
The Lady Grey Project sits within a highly prospective gold belt, with the combination of geophysical conductor plates and coincident geochemical anomalies providing compelling drill targets. The successful completion of the Line #6 drilling and the green light for Line #1 drilling mark important steps in Lanthanein's exploration campaign, potentially paving the way for resource definition and development.
Technical Director Brian Thomas highlighted the excitement around these developments, noting the challenges overcome and the promising nature of the anomalies. The upcoming assay results will be closely watched by investors and analysts alike, as they will provide the first substantive data on the mineralisation intersected by the recent drilling.
While forward-looking statements remain subject to the usual exploration risks and uncertainties, the combination of geophysical data, geochemical anomalies, and historical mining context provides a solid foundation for optimism about the Lady Grey Project's potential.
Bottom Line?
As assay results loom, Lanthanein’s Lady Grey Project could soon reveal new gold prospects that reshape its exploration narrative.
Questions in the middle?
- What will the assay results from the Line #6 drilling reveal about gold grades and mineralisation continuity?
- How will the higher-grade anomaly at Line #1 influence Lanthanein’s exploration strategy and capital allocation?
- Could the proximity to the historic Bounty Gold Mine translate into a significant resource discovery at Lady Grey?