Latin Resources secures additional tenements in the Lachlan Fold Belt
The granting of the Manildra and Burdette Gold tenements is a significant step forward for the company’s NSW exploration strategy in the highly prospective region.
The tenements are in close proximity to the world class Cadia Mine, and McPhillamys Gold Project.
The recently granted Manildra and Burdett projects straddle the regional scale Manildra Fault within the Lachlan Transverse Zone, with known gold and copper occurrences including recent shallow RC drilling results of 26 metres at 1.5 g/t gold from 25 metres, and 3 metres at 7.82 g/t gold from 57 metres.
In addition, the new tenement application Boree Creek hosts known copper mineralisation, with historic rock chip assays returning up to 2.7% copper.
“Significant step in NSW exploration strategy”
The company is confident of the prospectivity of the project area, which sits just 30 kilometres to the northwest of the Newcrest Mining Ltd’s (ASX:NCM) (TSE:NCM) (FRA:NMA) (OTCMKTS:NCMGF) Cadia Mine (22 million ounces gold, 4.3 million tonnes copper), 60 kilometres west of Regis Resources Ltd’s (ASX:RRL) (FRA:RKQ) (OTCMKTS:RGRNF) McPhillamys Project (2 million ounces gold).
Latin Resources exploration manager Tony Greenaway said: “The granting of our Manildra and Burdette Gold tenements is a significant step forward for our NSW exploration strategy, enabling us to get on the ground in this highly prospective area....