Lunnon Metals has defined a maiden Mineral Resource at the Hustler gold deposit within the Kambalda Gold and Nickel Project in Western Australia, adding 30,200oz of gold and strengthening the company’s emerging gold portfolio in the St Ives district.
Lunnon Metals (ASX:LM8) has increased the Lady Herial Mineral Resource 49% to 54,200oz and commenced mining at its Kambalda Gold and Nickel Project in Western Australia.
Lunnon Metals has returned a series of shallow, thick gold intercepts at its Hustler prospect and completed EIS supported diamond drilling at Plentiful, advancing two priority targets within the St Ives Kambalda gold camp in Western Australia.
Lunnon Metals has approved the Final Investment Decision for its Lady Herial gold project, clearing the way for mining to commence following a positive Feasibility Study and an unconditional Ore Purchase Agreement.
Lunnon Metals Managing Director Edmund Ainscough says down plunge drilling at Lady Herial confirms high grade continuity beyond the current open pit.
Lunnon Metals has confirmed a new gold bearing structure at Paringa West after reverse circulation drilling returned 8.0m @ 5.52g/t Au, strengthening the geological case for additional gold within the St Ives gold camp.
Edmund Ainscough outlines how new high grade drilling results strengthen confidence in the Lady Herial development pathway and expand the project’s growth potential.
Managing Director Edmund Ainscough describes the Lady Herial resource update as a pivotal milestone that positions Lunnon Metals for a streamlined transition into production.
Lunnon Metals has advanced preparations for the proposed Lady Herial gold open pit, with shareholder approval of the Ore Purchase Agreement and the appointment of a preferred mining contractor.
Managing Director Ed Ainscough says the latest drilling at Lunnon Metals Plentiful Prospect has extended gold mineralisation to more than 450 metres down dip, confirming scale and continuity in one of Australia’s most prolific gold camps.