$0.092 ... likely to open higher
a new batch of high-grade assays have been received from previous drilling at the recently acquired Montezuma Antimony Project located in Tasmanian’s premier West Coast Mining Province.
Highlights
• A new batch of high-grade drill core assays have been received resulting in spectacular high-grade antimony and silver drill intercepts. These assays have also shown mineralisation to be generally much wider than previously thought. Furthermore, significant gold, copper and tin assay values have enhanced the overall mineral endowment.
• Significant intercepts include:
➢ 18.23% Sb, 612 g/t Ag, 1.30 g/t Au over 0.8m in drill hole MZSFW7
➢ 5.36% Sb, 913 g/t Ag, 0.66 g/t Au over 1.9m in drill hole MZSFW1
➢ 6.58% Sb, 826 g/t Ag and 0.76 g/t Au over 1.3m in drill hole MZS03
➢ 5.51% Sb, 285 g/t Ag and 1.33 g/t Au over 0.9m in drill hole MZS02
• These very high-grade antimony and silver drill intercepts are contained within broader nevertheless high-grade intercepts:
➢ 3.57% Sb, 432 g/t Ag, 1.03 g/t Au over 7.0m in drill hole MZSFW7
➢ 1.86% Sb, 291 g/t Ag, 0.38 g/t Au over 9.5m in drill hole MZSFW1
➢ 2.31% Sb, 329 g/t Ag and 0.48 g/t Au over 4.8m in drill hole MZS03
➢ 1.79% Sb, 101 g/t Ag and 0.51 g/t Au over 3.0m in drill hole MZS02
• An extensive diamond drill programme of up to 10,000m is in the final stages of planningand details are expected to be reported to the market once mobilisation is underway. The Montezuma deposit remains open to the north, south and at depth.
• Lode has reviewed and modeled historic soil sampling which has revealed a 500m long tin anomaly that is coincident with the modelled extension of the Montezuma structure at surface and along strike.
• Ongoing surface mapping and sampling is focusing on this coincidental geochemical and modelled structure target as it has the potential to extend the Montezuma structure significantly.