Lanthanein Resources commences drilling

Lanthanein Resources (ASX:LNR) has started a drilling program at the Lady Grey Project in Western Australia. The project targets a modelled conductor plate beneath an MLEM Survey line. The site is near historical and significant gold deposits, aiming to drill depths up to 600 meters.

Overview of Lanthanein Resources' strategic moves

Lanthanein Resources has launched a drilling initiative at the Lady Grey Project, focusing on a promising electromagnetic conductor beneath an MLEM Survey line. The project, positioned near the historic Bounty Gold Mine, aims to explore potential gold deposits aligned with known anomalies. The drilling process involves RC precollars and diamond drilling to reach depths of 600 meters. Additionally, Lanthanein has generated A$2.4 million from the sale of shares in Tolu Minerals, bolstering its financial resources. The company is committed to responsible exploration, coordinating environmental and heritage surveys. The Lady Grey Project holds potential not only for gold but also for lithium exploration, given its strategic location.

Executive insights on drilling program

The MLEM target coincides with a surface gold geochemical anomaly and its alignment with a regional structural zone favourable for gold deposits is exciting. We are eager to test the modelled conductor plate.