Projects

Currently operating

Six Projects in the New England Fold Belt

With a Project selection criteria of:

 

a. 100% ownership
b. Significant historical geochemistry and/or geophysics
c. Under drilled and/or open ended mineralisation
d. Demonstrated potential for large high grade mineral occurrences

Uralla

Intrusive Related Gold System (IRGS) constituting a significant gold field

Drill ready

  • The Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s.
  • Lode believes the goldfield is host to Intrusive Related Gold System (IRGS) style mineralisation.
  • Characterised by solid gold grades at surface, limited historical drilling but high grade intercepts such as, at Martin’s Shaft:
    • Martin’s Shaft • 14.0m @ 4.83 g/t Au (incl. 3.0m @ 6.94 g/t Au) – SGRDD0021 *
    • 11.0m @ 5.38 g/t Au (incl. 6.0m @ 8.30 g/t Au) – SGRDD0041  *
    • 18.5m @ 2.41 g/t Au (incl. 4.0m @ 4.81 g/t Au) – SGRDD0081 *
    • 8.0m @ 5.40 g/t Au – SGRDD014 ** Refer LDR Prospectus 14 April 2021 p43, p157 (IGR p85 Table 15), p202 (IGR p128 Table 25) & LDR Supplementary Prospectus 6 May 2021.
  • Uralla Granodiorite and other intrusives, which intrude Yarrowyck Granodiorite and Sandon Beds, are believed to be responsible for gold mineralisation in the Uralla Goldfield.
  • Targeting 2 IRGS mineralisation styles:
    1. Veins and felsic dykes – individual deposit target size: 100koz to 500koz
    2. Cupola structures – target size: 500koz to 1moz

Uralla-Overview-map-sml
Webbs Consol Overview

Webbs Consol 

High grade silver bearing lodes, 3 attractive targets

drill ready

  • Webbs Consol was discovered in 1890 with intermittent mining up to the mid 1950’s
  • Several mine shafts worked for high grade galena and silver content only with zinc mineralisation discarded.
  • Sampling shows potential for high grade silver and zinc mineralisation – drill ready.
  • Identified drill targets:
    1. Down dip extension below Webbs Consol main workings and NNE along strike. Non-JORC channel samples taken within the mineralised envelope on Level 3 indicate open ended high-grade mineralisation at 60m depth (12 samples averaged 210g/t Ag, 22.6% Zn and 2.74% Pb* ) Large IP anomaly 300m NE of main workings
    2. Geochem anomaly & insitu mineralisation 1km N of main workings* Refer LDR Prospectus 14 April 2021 p42, p109 (IGR p35) & LDR Supplementary Prospectus 6 May 2021

Trough Gully (Fender)

VMS style copper deposit

drill ready

  • Located 30km SE of Tamworth surface exploration carried out since the 1960s comprising stream/soil, surface mapping, IP and magnetics however no drilling has occurred.
  • 21 copper occurrences of VMS origin have been recorded over 30km strike length and are hosted within steeply dipping shear zones.
  • Identified drill targets:
    1. Four copper mines – walk up drill targets, never drilled
    2. Two large drainage anomaly targets based on regional stream/soil geochemical and magnetic surveys. Large anomaly suggest potential for sizeable occurrence

Fender Copper
Elsinor copper

Elsinore

Large regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling

  • Significant surface work, including IP and soil sampling in 2016 but no follow up hard rock sampling or drilling.
  • Solid IP chargeability anomaly coincides with magnetic ridge possibly reflecting sulphides.
  • E-W magnetic ridge extends over 6 km strike length, bedding also strikes E-W and dips steeply south.
  • Mineralisation exposed in outcrop and prospecting pits as massive and disseminated sulphides.
  • 6 km strike suggest massive size potential

Thor 

Large gold anomaly potentially associated with high level intrusions or major regional fault structures

  • Source of 2km gold in drainage anomaly unexplained at Maules Creek.
  • Newmont has pegged ground with similar geology

Tea Tree Gold

Underexplored goldfield

  • Historical goldfield with 21 historical workings. 93 rock chip samples averaged 2.42 g/t Au. Highest value 152g/t Au *
  • One drill hole returned 6.3 g/t Au over 2m from 35m but no follow up
  • No systematic soil sampling or ground geophysics* Refer LDR Prospectus 14 April 2021 p54, p188 (IGR p114), p190 (IGR p116) & LDR Supplementary Prospectus 6 May 2021

Thor and Teat Tree Gold

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