Market Alert: Gold and Silver Continue to Outperform with Robust Gains.
Lightning Minerals Limited (ASX: L1M) announced that at the time of writing it has commenced a diamond drilling program at its Mt Turner Project in Queensland, following the recent 100% acquisition of Lotus Minerals. The campaign will cover 1,300 metres across multiple high-priority gold and silver targets along the Drummer Fault.
Geo Drill Australia has been contracted to undertake the program, bringing significant technical expertise. Historical drilling has already highlighted strong near-surface mineralisation, with results including 12m at 6.5 g/t gold and 7m at 1.7 g/t gold with 67 g/t silver.
The Mt Turner Project sits within a 14 km fault structure where previous shallow pits were mined in the 1990s. Soil and rock chip sampling will accompany drilling to define further targets. Lightning Minerals expects this initial campaign to unlock significant exploration upside across its tenements.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.