Extremely High Drilling Success at MatildaAt Matilda, 30 of 33 holes successfully hit mineralization .
This is well above peer drilling success at the early exploration stage .
That long intercepts we're Mineralized shows ubiquitous gold such that every hole hits mineralization.
At Matilda Extension which was a blind discovery, incredibly , 7 out of 7 holes hit the jackpot.
Drilling in early 2023 that showed that LDS hosts extremely high-grade gold, silver, and copper in certain areas.
' Located 675 metres northeast of the Matilde gold discovery, Matilde Extension is a blind discovery that was made by drill-testing a coincident gold in soil anomaly overlying the intersection of a northeast-southwest trending structure and an east-west trending structure.
Seven holes totaling 3,123 metres were drilled, and all intersected multiple intervals of gold mineralization.
Importantly, high-grade gold, silver, and copper mineralization was encountered in three holes, suggesting a metal zonation vector towards a higher-grade zone of mineralization within the Matilde/Matilde Extension corridor.
The most significant hole, 21MT020, intercepted three intervals of mineralization.
The third intercept was the most important, as it was characterized by a thick interval of continuous sulphide-style mineralization (bornite, chalcopyrite, pyrite) featuring very high-grade gold, silver, and copper in pervasively hydrothermally altered granodiorite.
It assayed 10.00 metres grading 13.21 g/t gold, 22.94 g/t silver, and 0.22% copper from 345.00 metres, including 5.00 metres grading 23.15 g/t gold, 42.75 g/t silver, and 0.41% copper from 347.00 metres.
It had a 1.00 metre sub-zone that yielded grades as high as 63.70 g/t, more than 100 g/t silver, and 0.63% copper from 347.00 metres.
Other key highlights Include:
multiple broad moderate to high-grade intercepts in hole 21MT018
high grade continuous gold, silver, and copper mineralization in pervasively hydrothermally altered granodiorite in hole 21MT020, suggesting that the mineralization is related to magmatically derived hydrothermal fluids that were carrying significant amounts of gold, silver, and copper
multiple elevated gold, silver, and copper values in 22MT029, where in general, narrow millimetre to centimetre scale quartz-sulphide veinlets cross-cut relatively fresh granodiorite.
This suggests that metal-bearing hydrothermal fluids travelled upward towards the surface through a network of small fractures in the host granodiorite where metals "