Projects
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
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
Sandon
Two new projects added to Lode’s base metal portfolio
- Granting of Exploration Licence No. 9319 (“Sandon”) increases Lode’s Exploration Licence area by 78%
- Bundarra Copper Project and Abington Base Metal Project are the two most prominent explorations targets
- Extensive historic surface work means minimal preliminary work needed for drill target definition
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
