Laconia Resources (ASX: LCR) is targeting a resource upgrade at the Lennons Find Base Metals Project, and the latest reverse circulation results didn't disappoint.
High grade silver and zinc mineralisation has been intersected outside of the current resource, with the highlight at the Hammerhead prospect 4 metres at 174 grams per tonne (g/t) silver, 0.23g/t gold, 2.35% zinc, 0.08% copper and 1.04% lead from 150 metres.
Other intersections of note included 2 metres at 307g/t silver and 1.32% zinc from 89 metres, including 1 metre at 402g/t silver.
Hammerhead already hosts an Inferred JORC Resource of 853,000 tonnes at 115g/t silver, 7.7% zinc, 0.7% copper and 1.8% lead.
The significance of the new results at Hammerhead which were targeting infill and deeper drilling, is the potential to significantly increase the project’s resource base.
Boosting the potential of the project even further, the highlight at the Bronze Whaler prospect was 5 metres at 117g/t silver, 0.66g/t gold, 0.67% zinc, 0.23% copper and 1.52% lead from just 10 metres.
Other hits at Bronze Whaler from less than 20 metres included 5 metres at 93g/t silver, 2 metres at 130g/t silver, 5 metres at 68g/t silver and 2 metres at 128g/t silver.
Adding some extra spice, further drilling results from the Tiger prospect are still pending.
Ian Stuart, managing director, added “Our maiden drill program at Lennons Find has been an outstanding success and has provided the company with enormous encouragement that further drilling will significantly add to the project’s current resource base.
"After acquiring the project in March this year, we have made rapid progress in our aim to increase its resource tonnage, and the intersection of high-grade silver near surface along strike at the Bronze Whaler prospect has been particularly pleasing.”
A brief history of Lennons Find
In March Laconia acquired a 95% stake in the Lennons Find project from Jabiru Metals (ASX: JML). At the same time it announced the acquisition of the nearby Yandicoogina base metals project from Shaw River Resources (ASX: SRR).
The two projects are located about 40 kilometres from Marble Bar on the southern edge of the Mt Edgar Granitoid Complex, in the East Pilbara region of Western Australia.
The Lennon’s Find and Yandicoogina projects are located in close proximity to Laconia’s highly prospective Barramine Base Metal Project.