Lunnon Metals (ASX:LM8) identifies high-priority areas at Long South Gap
January 22, 2024Lunnon Metals has received assays from its Long South Gap prospect, collected during the first diamond drill-hole program undertaken in this part of the prolific Kambalda Dome in Western Australia’s Goldfields.
According to the WA company, the final assays more accurately define the zones of elevated geochemistry and highlight potential channel settings within the prospect area.
Lunnon Metals’ original drilling team stopped the parent hole at 928 metres due to difficult conditions, but the final assays from an adjoining wedge hole identified a quartz-breccia structure at 1,083m.
The area tested by this program represents less than 0.05 per cent of the total area recently covered by the entire 3D seismic survey.
Portable field XRF (pXRF) readings on the DD core enabled an initial assessment of select prospective measures and highlighted zones of elevated geochemistry defined by the “Kambalda Ratio.”
“The Long South Gap prospect is close to 6 square kilometres in area, where the prospective komatiite-basalt contact has never been tested,” Managing Director Edmund Ainscough said.
“This data, the very first geochemistry, geological and structural information ever collected, reinforces our view that it is a high-priority target area.
“This early drilling data helps evaluate the recent 3D seismic survey. The new targets that are soon to be generated will no doubt present exciting opportunities for our 2024 discovery program.”
The company is analysing a 3D seismic survey to further understand the program’s potential implications on the Kambalda Dome.
About Lunnon Metals
Lunnon Metals Limited is a Western Australian mineral resource exploration company with a focus on nickel sulphide exploration and discovery. The West Perth-based company owns two prospective projects in its home state.
$0.16Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
