Lanthanein Strikes Primary Gold at Lady Grey: What’s Next?
Lanthanein Resources has confirmed primary gold mineralisation at its Lady Grey Project in Western Australia, with diamond drilling intersecting promising grades aligned with prior geophysical and geochemical targets.
- Diamond drilling confirms gold mineralisation at Lady Grey
- Key intercepts include 4.1m at 1.35 g/t Au and 1m at 3.66 g/t Au
- Drilling targets high-priority EM conductor plates under significant surface gold anomaly
- Project adjacent to Covalent Lithium’s Mount Holland mine site
- Further exploration drilling planned to expand understanding
Exploration Breakthrough at Lady Grey
Lanthanein Resources Limited (ASX: LNR) has announced encouraging diamond drilling results from its Lady Grey Project, located in the prolific Mt Holland region of Western Australia’s Yilgarn Craton. The recent drilling campaign targeted two high-priority electromagnetic (EM) conductor plates identified through modelled MLEM surveys, with particular focus on the conductor beneath EM Line #1, which aligns with a notable surface gold geochemical anomaly measuring 256 parts per billion.
Significant Gold Intersections
The standout results come from drill holes LGDH004 and LGDH005, which intersected primary gold mineralisation within the targeted conductor plate. LGDH004 returned 4.1 metres at 1.35 grams per tonne (g/t) gold starting from 134.66 metres depth, including a higher-grade 1 metre interval at 3.66 g/t. LGDH005 also intersected gold, albeit at lower grades, with 1.27 metres at 0.55 g/t from 287.41 metres. These findings validate the geophysical and geochemical targeting approach and suggest the presence of a structurally controlled gold system beneath the surface anomaly.
Strategic Location and Project Context
The Lady Grey Project is strategically positioned adjacent to Covalent Lithium’s Mount Holland mine site and near the historic Bounty Gold Mine, which produced approximately 1.3 million ounces of gold. This proximity to established mining operations underscores the prospectivity of the tenement. Lanthanein holds a 70% interest in the project through a joint venture with Gondwana Resources Ltd, with tenements in good standing and no known impediments to exploration.
Robust Methodology and Quality Assurance
The drilling program employed industry-standard reverse circulation and diamond drilling techniques, with HQ3 triple tube core used to maximise sample recovery and preserve core integrity. Comprehensive quality assurance and quality control (QA/QC) protocols were implemented, including certified reference materials, blanks, and duplicates, ensuring the reliability of assay data. The company’s technical team, led by Technical Director Brian Thomas, highlighted the significance of intersecting primary gold mineralisation in a challenging exploration environment affected by bushfires and unseasonal rains.
Looking Ahead
While these results are promising, they represent early-stage exploration outcomes. Lanthanein plans further drilling to delineate the extent of mineralisation and to better understand the structural controls on gold distribution. The company’s methodical approach and the alignment of geophysical, geochemical, and drilling data provide a solid foundation for advancing the Lady Grey Project towards resource definition.
Bottom Line?
Lanthanein’s Lady Grey results mark a pivotal step, but the path to resource definition and economic viability remains ahead.
Questions in the middle?
- What is the potential scale and continuity of the gold mineralisation at Lady Grey?
- How will upcoming drilling refine the geological model and resource estimates?
- What impact will these results have on Lanthanein’s valuation and investor sentiment?
