{"id":11102,"date":"2024-06-19T02:25:46","date_gmt":"2024-06-19T02:25:46","guid":{"rendered":"https:\/\/economicherald.net\/?p=11102"},"modified":"2024-06-19T02:25:46","modified_gmt":"2024-06-19T02:25:46","slug":"lode-restarts-high-grade-silver-drilling-at-webbs-consol","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11102","title":{"rendered":"Lode restarts high grade silver drilling at Webbs Consol"},"content":{"rendered":"<p>Special Report: Lode Resources is revving up the drills at its Webbs Consol silver project in NSW.<\/p>\n<p>A key objective of the 2,200m, 17-hole program is to test for extensions at discovered lodes with multiple high-grade silver intercepts close to surface.<\/p>\n<p>One of those is the <a href=\"https:\/\/stockhead.com.au\/?s=ldr\">Lode Resources (ASX:LDR)<\/a>\u2019s <a href=\"https:\/\/stockhead.com.au\/resources\/lode-resources-follows-up-silver-with-gold\/\">Webbs Consol North<\/a> prospect which has yielded intercepts like 21 metres at 122 g\/t silver equivalent from just 2m, with high-grade zones such as 779 g\/t silver equivalent over 3 metres.<\/p>\n<p>Lode will also do more testing at the Castlereagh prospect where there have been intercepts including 50 metres at 224 g\/t silver equivalent from 17 metres, with standout zones such as 801 g\/t silver equivalent over 4.1 metres.<\/p>\n<p>Additional to the extension work, Lode will drill untested surface silver occurrences including at the Canoon prospect where selective grab samples have returned up to 126 g\/t silver.<\/p>\n<p>Also promising for Lode is that earlier follow-up holes have often shown high-grade mineralisation is contiguous at depth, with silver mineralisation showing continuity throughout both the upper lead-rich and the lower zinc-rich zones.<\/p>\n<p>\u201cWe haven\u2019t spoken to the market since the mid-March quarter about Webbs Consol but we have been working hard to configure this drill program at the project,\u201d said Lode managing director Ted Lescke, speaking exclusively to <em>Stockhead.<\/em><\/p>\n<p>\u201cThe silver price is top of mind for a lot of investors\u00a0these days and we are keen to get the rigs turning\u00a0at our existing discoveries and follow up what are some pretty chunky intercepts, of up to 800g\/t silver equivalent.<\/p>\n<p>\u201cWe hope to have assays from the program in hand over the September quarter.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Rich potential<\/strong><\/h2>\n<p>So far most of extension drilling has been at the <a href=\"https:\/\/stockhead.com.au\/resources\/lode-resources-follows-up-silver-with-gold\/\">Tangoa West<\/a> prospect where 12 drill holes have intercepted exceptionally high-grade silver mineralisation down to 300m.<\/p>\n<p>A couple of top hits to date include 116.1 metres at 721 g\/t silver equivalent from 90.9 metres and 149.2 metres at 455 g\/t silver equivalent from 98 metres.<\/p>\n<p>Lode\u2019s aggressive exploration comes as the global <a href=\"https:\/\/stockhead.com.au\/resources\/industrial-demand-flatlining-mine-production-pushes-silver-deficit-to-second-highest-on-record\/\">silver deficit<\/a> threatens be the second highest on record this year, with industrial demand \u2013 especially from the clean energy sector \u2013 reaching a new high.<\/p>\n<p>Lode also recently announced it was planning more drilling at\u00a0the\u00a0<a href=\"https:\/\/stockhead.com.au\/resources\/lode-gets-better-look-at-urallas-irgs-potential-as-it-targets-gold-in-the-style-of-30moz-donlin-creek\/\">Uralla Gold Project<\/a> to boost its understanding of the project\u2019s intrusive related gold system <a href=\"https:\/\/stockhead.com.au\/resources\/lode-gets-better-look-at-urallas-irgs-potential-as-it-targets-gold-in-the-style-of-30moz-donlin-creek\/\">(IRGS) potential<\/a>.<\/p>\n<p>Lode has built up an impressive 1700km2 landholding in the New England Fold Belt, where mining giants Fortescue\u00a0and Newmont Corporation have\u00a0<a href=\"https:\/\/stockhead.com.au\/resources\/lode-resources-get-big-name-neighbours\/\">recently settled in as neighbours<\/a>.<\/p>\n<p>Webbs Consol is also just 10 kilometres to the southwest of Thomson Resources 100% owned Webbs silver project, where Lode owns a 2% Net Smelter Royalty. Lode additionally has right of first refusal over the project containing a significant undeveloped JORC mineral resource estimate of 2.2 Mt at 205 g\/t silver equivalent for a contained 14.2 Moz silver equivalent.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Lode Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/lode-restarts-high-grade-silver-drilling-at-webbs-consol\/\">Lode restarts high grade silver drilling at Webbs Consol<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Special Report: Lode Resources is revving up the drills at its Webbs Consol silver project in NSW. A key objective of the 2,200m, 17-hole program <a href=\"https:\/\/economicherald.net\/?p=11102\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11103,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lode restarts high grade silver drilling at Webbs Consol - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11102\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lode restarts high grade silver drilling at Webbs Consol - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Special Report: Lode Resources is revving up the drills at its Webbs Consol silver project in NSW. 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