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Mining industry

Lightning Minerals Commences Drilling at Mt Turner Gold Project

Strategic Insights

— 1 min read

Lightning Minerals Ltd, an ASX-listed mining company, has commenced a 1,300-metre drilling program at its Mt Turner Gold Project in Queensland, Australia. The program marks the first phase of an expanded exploration strategy along the Drummer Fault, with the company aiming to assess gold and silver zones beneath shallow oxide pits and extensions along the 14-kilometre fault. The project adds a gold-focused asset to Lightning Minerals' diversified portfolio, which includes lithium and critical minerals assets in Brazil, Canada, and Western Australia.

Key Takeaways:

  • Lightning Minerals has commenced a 1,300-metre drilling program at the Mt Turner Gold Project in Queensland, Australia.
  • The program targets gold and silver zones beneath shallow oxide pits and extensions along the 14-kilometre Drummer Fault.
  • Geo Drill Australia has been appointed to undertake the drilling program.
  • Historic results from Mt Turner show strong potential, including 16 metres at 3.6 g/t gold, 12 metres at 6.5 g/t gold, and one metre at 3.4 g/t gold with 100 g/t silver.
  • The company believes northeast-trending structures intersecting the Drummer Fault may host higher-grade mineralisation and intends to test these targets during the campaign.
  • Alongside drilling, soil and rock chip sampling will begin soon to refine exploration plans and support an expanded program.
  • Mt Turner adds a gold-focused project to Lightning Minerals' diversified portfolio, which also includes lithium and critical minerals assets in Brazil, Canada, and Western Australia.
  • Managing Director Alex Biggs said the program marks the start of what the company sees as a significant value add to the business.

Statistics:

  • 1,300 metres: length of the drilling program at Mt Turner Gold Project.
  • 14 kilometres: length of the Drummer Fault, which stretches across the project area.
  • 16 metres, 12 metres, and 1 metre: thickness of gold-bearing zones in historic results from Mt Turner.
  • 3.6 g/t, 6.5 g/t, and 3.4 g/t: grades of gold in historic results from Mt Turner.
  • 100 g/t: grade of silver in historic results from Mt Turner.

Sources:

  • Proactive - "Lightning Minerals Ltd: Managing Director Alex Biggs talks with Proactive"
  • ASX - Lightning Minerals Ltd, company profile

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