Latitude hits visible gold at Murchison project, assays to come

Latitude has pulled up visible gold in drilling at ‘Turnberry South’, part of the 1.1Moz Murchison project in WA.

Latitude Consolidated’s (ASX:LCD) struck a landmark deal with Silver Lake late last year to acquire the Murchison asset, which includes the shuttered Andy Well mine and infrastructure made famous by Doray Minerals in the early part of the 2010s, and the Gnaweeda gold project of which Turnberry is part.

It now hosts a large, high grade 1.1Moz Mineral Resource, which is just the beginning.

The company is actively exploring this tenure while also progressing mining studies to determine the best pathway to production.

Phase 2 drilling is currently underway initially focussed on the high-grade zone at ‘Turnberry South’ which appears to plunge to the south, away from the existing mineral resource.

All new holes drilled at Turnberry South as part of this Phase 2 program have intercepted a veined and strongly altered zone at the target depth with sulphide mineralisation observed in the rock chips.

Visible gold was observed in hole 21TBRC007:

Latitude Consolidated — Caption: Visible gold in RC chips at 226-227m down hole 21TBRC007.

Assays are pending.

LCD continues to drill this high-grade shoot, as well as the high-grade zone at ‘Turnberry Central’ where previous thick, high-grade intercepts include:

41m at 4.8g/t Au from 148m in TBRC062
23m at 7.1g/t Au from 69m in TBRC208
9m at 10.4g/t Au from 162m in TBRC070
18m at 4.7g/t Au from 192m in TBRC092
18m at 3.4g/t Au from 154m in TBRC221
37m at 2.8g/t Au from 209m in TBRC316

“We are extremely pleased to see all Phase 2 holes intercepting mineralisation as anticipated,” LCD chief exec Tim Davidson says.

“It is also pleasing to see visible gold observed in the RC chips of hole 21TBRC007.

“Visible gold has previously been observed in drilling at Turnberry Central which is 1km to the north, however to our knowledge this is the first time visible gold has been observed at Turnberry South.

“A significant number of samples are currently at the laboratory, and we look forward to having them processed and updating our shareholders with the results as they are returned.”

This article was developed in collaboration with Latitude Consolidated, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.