Laverton Drilling Complete, But Resource Growth Hinges on Pending Assays
Latitude 66 Limited has completed a significant Phase 2 drilling campaign at its Laverton Gold Project, targeting resource expansion and structural clarity at the Red Dog and Tin Dog prospects. Assay results are expected soon, potentially shaping the project's next exploration phase.
- Phase 2 RC drilling completed with 3,914m drilled
- Focus on extending mineralisation at Red Dog and Tin Dog prospects
- Step-out drilling targeting resource growth and geological confidence
- Existing Red Dog resource stands at 231kt at 1.82g/t Au
- Assay results pending to guide future exploration
Phase 2 Drilling Wraps Up at Laverton
Latitude 66 Limited (ASX:LAT) has successfully completed its Phase 2 Reverse Circulation (RC) drilling program at the Laverton Gold Project in Western Australia. The campaign, comprising 38 holes for a total of 3,914 metres, builds on promising results from the earlier Phase 1 drilling earlier this year.
The program targeted two key prospects within the project: Red Dog and Tin Dog. At Red Dog, the focus was on extending the known mineralised zones along strike and at depth, aiming to grow the existing resource base. The Tin Dog prospect drilling sought to improve geological and structural understanding of the shear-hosted mineralisation, while also testing for additional parallel lodes that could expand the mineralised footprint.
Strategic Focus on Resource Growth and Confidence
Latitude 66’s Managing Director, Grant Coyle, emphasised the strategic importance of this drilling phase. He noted that the step-out drilling at Red Dog was designed to test continuity of shallow, flat-lying lodes and evaluate potential repetitions down-dip, which could materially increase the Mineral Resource Estimate (MRE). At Tin Dog, the drilling aimed to define the structural framework associated with northwest–southeast trending shear zones, a critical factor in understanding mineralisation controls.
The existing JORC (2012) Mineral Resource at Red Dog stands at 231,000 tonnes grading 1.82 grams per tonne gold, equating to approximately 13,500 ounces. The Phase 2 drilling results are expected to provide further clarity on the potential to expand this resource.
Awaiting Assay Results to Shape Next Steps
Samples from the drilling program have been regularly dispatched to a geochemical laboratory in Kalgoorlie, with assay results anticipated in the coming weeks. These results will be pivotal in guiding Latitude 66’s next phase of exploration, potentially accelerating resource growth and refining the geological model for both prospects.
Latitude 66’s systematic approach to exploration at Laverton reflects a broader industry trend of methodical resource definition combined with structural analysis to unlock value in gold projects. The company’s focus on both strike extensions and down-dip repetitions at Red Dog, alongside structural confidence at Tin Dog, positions it well to enhance the project’s economic potential.
Bottom Line?
With assay results imminent, Latitude 66’s Laverton project stands at a critical juncture that could redefine its resource potential.
Questions in the middle?
- Will the Phase 2 assay results confirm significant extensions to the Red Dog resource?
- How might the structural insights from Tin Dog influence future drilling targets?
- What timeline and scale can investors expect for the next exploration phase following these results?
