Latitude 66 Confirms Colossus Gold Potential with Successful Drilling at Edjudina Project

Latitude 66 (ASX: LAT) has further confirmed the potential of its Colossus gold discovery with positive initial assays from drilling at the Edjudina project north of Kalgoorlie in Western Australia.

The early results from a recently completed 88-hole, 5,093-metre aircore drilling program at Edjudina have further identified the presence of bottom-of-hole gold mineralisation.

Highlights from the first 36 drill holes completed at Colossus include 1m at 0.45 grams per tonne gold from 78m and 4m at 0.32g/t gold from 68m.

Significant Gold Deposit

Managing director Grant Coyle said the initial results are highly encouraging and reinforce the company’s belief that the Edjudina project may host a significant gold deposit.

Mr Coyle said Latitude was particularly intrigued by the presence of a consistent alteration assemblage comprising silica-hematite alteration and associated quartz veining observed in end-of-hole drill chips.

“The confirmation of consistent bottom-of-hole gold mineralisation, coupled with the geological setting, silica-hematite alteration and quartz veining, suggests we are vectoring in on a primary source of gold mineralisation that remains open at depth and has not yet been intersected by drilling.”

Further Assays to Come

Latitude is now awaiting assays for the remaining 52 holes including those from drilling at the Falcon, Hercules and Spartan South prospects.

Latitude first identified Colossus during a regional soil sampling campaign that generated multiple surface gold anomalies, most notably the Spartan anomaly consisting of a 1.8km long gold-in soil anomaly with results up 0.54 g/t Au.

As these surface anomalies are often coincident within drainage channels, the company believes there is a good chance they have been derived from a proximal gold source.

Growing Mineralised Corridor

Recent assays from a single drill section have defined a mineralised corridor approximately 200m wide and up to 400m long.

The Colossus target remains untested at depth and is considered a high-priority drill target for the upcoming phase of exploration.

Latitude now intends to undertake utilise deeper reverse circulation and/or diamond drilling to evaluate the potential for structurally focused, intrusion-related gold mineralisation at depth, beneath the anomalous end-of-hole intersections.