{"id":8857,"date":"2024-04-29T01:30:37","date_gmt":"2024-04-29T01:30:37","guid":{"rendered":"https:\/\/economicherald.net\/?p=8857"},"modified":"2024-04-29T01:30:37","modified_gmt":"2024-04-29T01:30:37","slug":"lanthaneins-lady-grey-lithium-project-takes-new-dimension-with-new-gold-copper-nickel-anomalies","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8857","title":{"rendered":"Lanthanein\u2019s Lady Grey lithium project takes new dimension with new gold-copper-nickel anomalies"},"content":{"rendered":"<p>New gold, copper and nickel anomalies have been identified in a recently completed soil sampling program at Lady Grey project in WA<br \/>\nA &gt;2km long gold anomaly has been uncovered with a peak result of 256ppb gold<br \/>\nWork programs and approvals are being fast tracked ahead of drilling <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special report:<\/em> A recent tenement-wide soil sampling program has turned up multiple gold, copper and nickel anomalies at Lady Grey, paving the way for diversification and untapped multi-metal discoveries. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/lanthanein-resources-lnr\/\">Lanthanein Resources\u2019 (ASX:LNR)<\/a> Lady Grey project near Southern Cross in WA\u2019s Forrestania greenstone belt is immediately adjacent to Covalent Lithium\u2019s 189Mt at 1.53% Li2O Earl Grey deposit, one of the largest operating lithium mines in WA.<\/p>\n<p>Recent exploration across the 77km2 of prospective tenure, which hosts a mapped continuation of the Early Grey pegmatite, has resulted in the identification of a large lithium caesium anomaly smack bang in the middle of Lady Grey.<\/p>\n<p>An anomaly like this \u2013 when the concentration of a mineral is higher than background levels \u2013 could indicate the presence of a deposit.<\/p>\n<p>With a strike length of +4km and assays peaking at 454ppm Li2O, LNR believes it could be in the early stages of a large lithium discovery.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>But wait \u2026 there\u2019s more<\/strong><\/h2>\n<p>The same exploration program has now uncovered multiple gold, copper and nickel soil anomalies.<\/p>\n<p>LNR says the largest gold anomaly extends over 2km of strike in a highly favourable geological setting with peak gold, copper and nickel results returning 256ppb, 170ppm, and 263ppm respectively.<\/p>\n<p>\u201cThe copper and nickel anomalies are spatially adjacent to each other along with the high sulphur with a peak value of 5.33% and 50 samples &gt;0.05% which would indicate the presence of weathered sulphides,\u201d the company says.<\/p>\n<p>\u00a0<\/p>\n\n<p><em>New gold anomalies at Lady Grey. Pic: Lanthanein Resources <\/em><\/p>\n<p>\u00a0<\/p>\n<p>WA\u2019s Forrestania region is known historically for its significant gold production with the Bounty Gold Mine \u2013 also on Covalent Lithium\u2019s tenure, adjacent to Lady Grey \u2013 producing ~1.3Moz gold before the mine was closed in 2002.<\/p>\n<p>The region also has proven nickel endowment with IGO\u2019s Forrestania Operations, 30km to the south.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Out with drill bit by mid-year <\/strong><\/h2>\n<p>\u201cWe are greatly encouraged by the identification of multiple new gold, copper and nickel anomalies picked up by the recent tenement wide soil sampling,\u201d LNR technical director Brian Thomas says.<\/p>\n<p>\u201cThis adds another dimension to the project wide prospectivity following the recent discovery of two large Lithium anomalies, Godzilla and Avenger.<\/p>\n<p>\u201cWe will now accelerate our work programs and approvals processes to be drilling these targets by mid-year.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Pipeline of compelling targets <\/strong><\/h2>\n<p>These new soil anomalies represent compelling targets for drilling potential new discoveries.<\/p>\n<p>Extensions and in-filling to the current soil surveys are already planned to further delineate and add to the company\u2019s current lithium targeting, in conjunction with heritage surveys and drilling.<\/p>\n<p>Both the anomalies, Godzilla and Avenger, stand out as a key priority for follow up and further evaluation.<\/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 Lanthanein Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/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><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/lanthaneins-lady-grey-lithium-project-takes-new-dimension-with-new-gold-copper-nickel-anomalies\/\">Lanthanein\u2019s Lady Grey lithium project takes new dimension with new gold-copper-nickel anomalies<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>New gold, copper and nickel anomalies have been identified in a recently completed soil sampling program at Lady Grey project in WA A &gt;2km long <a href=\"https:\/\/economicherald.net\/?p=8857\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8858,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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