Total
0
Shares
Latitude Consolidated (ASX:LCD) recieves drilling approval for WA projects
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Junior gold explorer Latitude Consolidated (LCD) has received approvals to commence drilling at the Andy Well and Gnaweeda projects in WA
  • The approval came from the Department of Mines, Industry Regulations and Safety
  • The drilling program includes 10,000 metres of reverse circulation drilling, which will commence in early April
  • Drilling is expected to take around three months and results are expected in June
  • On market close for the day, Latitude is up 13.3 per cent and is trading at 3.4 cents per share

Latitude Consolidated (LCD) has received approvals to commence drilling at the Andy Well and Gnaweeda projects in Western Australia.

The company received approval from the Department of Mines, Industry Regulations and Safety.

Andy Well and Gnaweeda are Latitudes flagship projects and have a combined 343 kilometres squared in the Murchison Gold Fields and host a mineral resource of 776,000 ounces of gold at a grade of 4.0g/t.

The initial program will include 10,000 metres of reverse circulation drilling.

Latitude says the drill rig will arrive on-site in early April, with drilling activities commencing shortly after.

The drilling program will take around three months and results are expected in June.

Latitude is a junior gold explorer with a portfolio of exploration projects across South Australia and Western Australia.

"The company looks forward to updating the market with regard to exploration activities over the coming months," Latitude told the market today.

On market close for the day, Latitude is up 13.3 per cent and is trading at 3.4 cents per share.

LCD by the numbers
More From The Market Herald
St George finds reports more strong results at Mt Alexander

" Marquee Resources (ASX:MQR) begins RC drilling at Redlings

Marquee Resources (MQR) has begun a maiden reverse circulation (RC) drilling program at the Redlings Rare-Earth Element Project.
Red Mountain Mining (ASX:RMX) - Managing Director, Jon Dugdale - The Market Herald

" Red Mountain Mining (ASX:RMX) starts exploring Mt Mansbridge

Red Mountain Mining (RMX) has begun the exploration field season at its Mt Mansbridge Project in WA’s East Kimberley region.
Troy Resources (ASX:TRY) faces delays in Guyana’s first underground mine

" Troy Resources (ASX:TRY) faces delays in Guyana’s first underground mine

Troy Resources’ (TRY) share price has dropped today after updating the market on its Karouni Gold Project in Guyana.
Musgrave Minerals (ASX:MGV) - Managing Director, Rob Waugh - The Market Herald

" Musgrave Minerals (ASX:MGV) extends mineralisation at Big Sky

Musgrave Minerals’ (MGV) most recent assay results from the Big Sky prospect have more than doubled the strike length of gold mineralisation.