Lode Resources (ASX:LDR) said assays from drilling at its Montezuma antimony project in Tasmania resulted in high-grade intercepts of antimony and silver, according to a Monday Australian bourse filing.
The assays resulted in intercepts of 18.23% antimony, 612 grams per tonne grade of silver, and 1.30 g/t gold over 0.8 meters as well as 5.36% antimony, 913 g/t silver, and 0.66 g/t gold over 1.9 meters.
It said that the assays show mineralization to be much wider than previously thought and the significant gold, copper, and tin results enhanced the overall mineral endowment.
It is in the final stages of planning an extensive diamond drill program of over 40 drill holes of up to 10,000 meters.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.