High Grade Mineralised Corridor at the Mojave Project

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Stock Locksley Resources Ltd (LKY.ASX)
Release Time 6 Jan 2026, 9:18 a.m.
Price Sensitive Yes
 High Grade Mineralised Corridor at the Mojave Project
Key Points
  • Results from rock chip sampling returns 409g/t Ag confirming high-grade silver mineralisation
  • Significant base metal mineralisation confirmed in addition to silver, with samples returning grades up to 4.2% Copper, 1.5% Lead, and 1.5% Zinc
  • Twelve (12) rock chip samples exceeded 30g/t Ag, reinforcing additional precious and base metal potential
Full Summary

Locksley Resources Limited (ASX: LKY) has successfully identified a consistent northwest to southeast oriented mineralised corridor at the Mojave Project. This discovery represents an important advancement in the Company's exploration strategy and identifies a new, potentially high-value component of the Mojave Project. The delineation of the mineralised corridor suggests a strike extent approximately 2.4km west-northwest of the Hendricks Shaft, and approximately 600m to the east-southeast, extending the mineralised corridor almost 3km from the initial high-grade silver discovery. Rock chip sampling within the Mojave Project's North Block has returned results of up to 409g/t Ag, with associated base metal values of up to 1.5% Zn and 0.88% Pb, supporting the interpretation of a polymetallic mineralised system and enhancing the prospectivity of the corridor. Additional rock chip sample 258420 returned values up to 117g/t Ag, & 3.1% Cu, also located within the interpreted mineralised corridor. Locksley will advance this exciting silver and base metal opportunity through a systematic exploration program including detailed geological mapping, petrology and geochemistry, geophysical surveys, and drill targeting to delineate high-priority drill-ready targets along the NW-SE corridor for future testing.

Outlook

Locksley will advance this exciting silver and base metal opportunity through a systematic exploration program run in parallel with ongoing activities at DAM and El Campo, comprising detailed geological mapping, petrology and geochemistry, geophysical surveys, and drill targeting to delineate high-priority drill-ready targets along the NW-SE corridor for future testing.