Lunnon Metals Enjoys Further Exploration Success at Plentiful and Paringa West Gold Targets

Lunnon Metals (ASX: LM8) has reported continued exploration success at the Plentiful and Paringa West prospects along the Paringa gold belt on the western side of the company’s Foster-Baker project in Western Australia.

The company completed a 14-hole, 20 metre x 20m reverse circulation (RC) program at Paringa West during the March quarter to assess the short-range continuity of previous intercepts and confirm the interpreted strike of the hosting structure over approximately 200m.

Numerous significant intercepts were encountered including 13m at 1.73 grams per tonne gold, 14m at 2.62g/t gold, 5m at 1.44g/t gold, and 15m at 1.10g/t gold.

Visible gold was observed in drill chips and logged intervals of quartz veining in heavily weathered and fresh rock continue to support the interpretation of a main shallow north-west dipping mineralised structure (now termed “050”) with subsidiary footwall structures.

Paringa West Exploration

A single diamond hole was drilled down dip of one Paringa West intercept to better understand the 050 structure in fresh rock.

However, its interpreted position was difficult to confirm owing to the heavily oxidised material and several intervals of lost core at the expected target depth.

The hole was pushed on to test for the presence of additional footwall structures.

Two of these recorded visible gold, with best assays of 0.5m at 41.98g/t from 177.2m and 0.5m at 0.43g/t from 303.6m.

Plentiful Structure Drilling

The company intersected the down plunge position of the Plentiful structure within the dolerite to assess for potential mineralised structures in the favourable host rock, returning 1.9m at 1.18g/t gold from 142m; however, no additional mineralised structures were identified.

A number of shallow RC holes and moderate depth diamond holes were drilled further to the northwest along the 600m length of the dolerite’s magnetic anomaly to better understand the geometry along strike and at the apparent north-western termination.

A series of potentially important gold structures were identified, confirming that the Plentiful dolerite is much wider at depth than expected—increasing the target area of host rock that could be mineralised with any through-going gold structures.

Lunnon has generated a high-quality 3D model of the dolerite that identifies with improved confidence the likely location of the north-western termination, and is drilling a second hole to test this position and explore the cause of the termination, which could conceptually be the result of cross-cutting gold-bearing structures.

The hole is scheduled for completion later this month, with assays due in September.