A comprehensive review by Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) of current and historical geological, geophysical and geochemical data at its Lady Grey Lithium Project in Western Australia is complete, confirming the presence of high-priority gold and copper targets.
Company consultants completed the review of all the open file and multi-client magnetics data in combination with a review of historical open file geological data and targets highlighted by the geophysics have been merged with those generated by the recently completed tenement-wide soil sampling program.
Lanthanein says it plans to acquire additional magnetics data in “the very near future” with a drone magnetics program to give complete coverage of the tenement. As it stands, a narrow zone of stratigraphic interest on the eastern boundary has little or no high-resolution magnetics coverage.
A geophysics crew is mobilising to site this week to conduct a moving loop electromagnetic survey (MLEM) survey over priority gold and copper targets highlighted by geophysical and geochemical data.
The company is primarily targeting the more than 2-kilometre-long gold anomaly coincident with structural flexure plus copper and nickel targets.
High-priority targets confirmed
Lanthanein technical director Brian Thomas said: “We are very excited to have finalised the full review of all the current and historical geological, geophysical and geochemical data which has confirmed the presence of high-priority gold and copper targets, particularly on a large regional structural flexure in the centre of the tenement which also coincides with the Godzilla geochemical lithium anomaly.
“The Forrestania region is also well known historically for its significant gold production with the old Bounty Mine producing ~1.3 million ounces of gold.
"We continue to press ahead with the approvals processes of plans of work (PoWs) and heritage for drilling these targets in Q3 2024.”