The Company is exploring tenements located in the New England Fold Belt in northern NSW and covers an area of more than 950 square kilometres. All the Company’s exploration licences are fully granted and fully owned by the Company.
Lode’s six projects have the following key criteria:
- 100% ownership;
- significant preliminary surface work including geochemistry and/or geophysics;
- under drilled and/or open-ended brownfields prospects; and
- demonstrated high grade mineralisation and/or potential for large mineral occurrences.
The company has inherited a significant geological database as well as undertaking its own exploration work and believes the Tenements have potential for the discovery of large scale commercially viable gold, copper and silver mineralisation.
The six projects are:
Uralla Gold (incorporating Uralla West): The historical and significant Uralla Goldfield where two mineralisation styles are being targeted, that being high grade mineralised veins and high tonnage mineralisation associated with cupula structures. Previous work has discovered and delineated the former style of mineralisation in high-grade lodes that remain open and many targets including high grade surface samples, defined through preliminary surface work, were not followed up with drilling.
Webbs Consol Silver: Webbs Consol is a historical silver mining centre with high grade silver bearing lodes providing attractive targets that are essentially drill ready. Historical records of underground sampling indicated open ended high-grade mineralisation remains at relative shallow depths and subsequent geophysical anomalies were never followed-up by drilling.
Fender Copper: This project has four known copper deposits of which the Trough Gully copper mine is a drill ready target. In addition previous exploration surface work has delineated two significant copper anomalies presenting potential large tonnage targets.
Elsinore Copper: The project possesses a large 6km regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling.
Thor Gold: This project contains a large 2km long gold anomaly potentially associated with high level intrusions and/or the surface representation of large and deep crustal structures.
Tea Tree: This project covers a historical goldfield which is underexplored with only two drill holes of which one intercepted gold mineralisation but with no follow-up drilling.
It is anticipated that LDR will list on the ASX during May 2021.
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Lode Resources LTD is an Australian exploration company with multiple base and precious metals projects in the New England Fold Belt.
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