Lode self-assured of silver right after yet another NSW drill hit

The hits keep coming for Lode Sources at its Webbs Consol undertaking in north-east NSW right after its most recent drill hole at the company’s Tangoa West prospect found substantial mineralisation pointing to silver.

The most current gap intersected 31.1m of sulphide mineralisation with an approximated 7 for every cent galena, 5 for each cent sphalerite and 1 per cent chalcopyrite from 31m.

The business expects significant silver mineralisation from assays simply because the steel is strongly associated with both of those sphalerite and galena at Webbs Consol.

The intercept is Lode’s widest at Tangoa West so significantly, with mineralisation open at depth in addition to the north and south.

It is the second gap to strike important mineralisation at the undertaking soon after the business this week described a 26.7m intercept likely 399 grams for each tonne silver equivalent from 30.1m, like 9.4m at 633 g/t silver equal from 31.6m.

The 9.4m part integrated a greater grade 3m hit from 37m likely 376 g/t silver, 17.68 per cent lead, .28 for each cent zinc and .64 per cent copper for a silver equal worth of 1023 g/t.

The identical hole also observed hits of 6.2m heading 587 g/t from 50m, which includes 2.9m at 344 g/t silver, 19.62 for each cent guide, 1.54 per cent zinc and .82 for each cent copper from 53.3m for a silver equal price of 1126 g/t.

Lode says the two most modern holes clearly show how underexplored the Webbs Consol task is and highlights the probable for more discoveries.

Tangoa West experienced not been mined or drilled ahead of the most recent exploration irrespective of the prospect becoming uncovered at surface area.

Drilling at the web site is continuing to take a look at other a short while ago recognised near-floor targets at Webbs Consol with 10-15 holes remaining.

The Webbs Consol mineral technique now extends more than a 3km north-south strike that incorporates Tangoa West to the south and Fortunate Lucy North.

Downhole and fixed-loop electromagnetic geophysical surveys are underway to examination mineralisation at potential targets Shaft 1, Blessed Lucy North and now together with Tangoa West ahead of further section 2 drilling.

Webbs Consol was uncovered in 1890, with intermittent mining up to the mid-1950s.

The US Geological Survey suggests planet creation of silver in very last yr was 771.6 million ounces, with about 42 million attributed to Australia.

Is your ASX-shown company undertaking anything fascinating? Make contact with: matt.birney@wanews.com.au

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