Plenty to Like About Plentiful Gold Results
| Stock | Lunnon Metals Ltd (LM8.ASX) |
|---|---|
| Release Time | 30 Sep 2025, 8:18 a.m. |
| Price Sensitive | Yes |
Plentiful gold prospect delivers consistent widths and grades
- Mineralised structure extended to over 450m in dip direction
- Adds to the size and scale of opportunities on Lunnon Metals' tenure
- Significant gold intercepts include 10m @ 1.23g/t, 24m @ 0.74g/t, 18m @ 0.84g/t & 1m @ 14.90g/t
Lunnon Metals Limited (ASX: LM8) is pleased to report the results of exploration drilling at the Plentiful gold prospect, a high-ranking opportunity at its Kambalda Gold & Nickel Project. The current program returned several significant gold intercepts, including 10m @ 1.23g/t Au, 24m @ 0.74g/t Au, 18m @ 0.84g/t Au and 1m @ 14.90g/t Au. The deepest RC scout hole unexpectedly intersected 8m of gold mineralisation grading 0.75g/t Au, extending the Plentiful prospect's dip extent to over 450m. The gold mineralisation intersected was significantly broader than expected, at low-modest gold grades, which may represent areas of additional structural complexity and offer an opportunity for localised higher grades. The next steps at Plentiful will be to test the economic basis of the gold mineralisation, prior to planning potential follow up drilling both at surface and at depth. The company's strategy is to leverage off the success at the nearby Lady Herial deposit and replicate it at other high-ranking prospects like Plentiful, Hustler, Guiding Star, Koombana and Cooee to fill the development pipeline.
The next steps at Plentiful will be to test the economic basis of the gold mineralisation, prior to planning potential follow up drilling both at surface and at depth. The Plentiful EIS diamond hole designed to test the magnetic anomaly is scheduled to start later in 2025 or early 2026.