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Latitude Consolidated Ltd.
Summary
| Project: | Mt Ida South | |
|---|---|---|
| Deposit: | Tim's Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-11-2016: Latitude Consolidated Ltd. announces an Exploration/Drilling Update report for its Tim's Find deposit at the Mt Ida South project. Drilling results incl. 8m @ 10.45g/t Au from 12m. Latitude Consolidated Limited (ASX: LCD) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alan Downie (Not Stated) | |
| ABSTRACT: | Latitude Consolidated Limited (ASX: LCD) is pleased to announce its strategy to build a significant gold inventory in the Mt Ida region of Western Australia has received a significant boost with maiden drilling results of up to 37g/t from the Quinns and Mt Ida South gold projects. The recently completed reverse circulation (RC) drilling program, which comprised 26 holes for 2,524 metres, was designed to test potential strike and depth extensions of existing Mineral Resources at the recently acquired Quinns and Mt Ida South gold projects (see Figure 1). Drilling was focused across a number of prospects and included the Matisse, Quinn Hills and Tim’s Find prospects. Regional drill testing was also completed at the Quinn Hills South prospect. Significant intersections were returned at all prospects, which has allowed the Company to narrow itsfocus on several key areas. Of particular interest is the confirmation of a zone of significant shallow oxide mineralisation at Tim’s Find, which has now been confirmed over a strike length of more than 800m with the mineralisation remaining open to the north and south. In light of the excellent potential to extend the Indicated Mineral Resource at Tim’s Find (see Figure 4), and with the recent acquisition of the Mt Ida South tenements, Latitude considers Tim’s Find a high priority, and further drilling is required to test the strike extensions 1km north and south of the current resource. Drilling at Quinn Hills confirmed the high grade nature of the existing Indicated Mineral Resource, with a best intersection of 6m @ 9.53g/t Au from 46m (including 2m @ 26g/t Au, comprising 1m @ 37.3g/t Au and 1m @ 14.7g/t Au) returned from the drilling. | |
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