Exploration update on Webbs Consol Silver Project

Lode Resources Ltd (ASX: $LDR) has announced a significant exploration update on drilling at the Company's 100% owned Webbs Consol Silver Project located in the New England Fold Belt in north-eastern New South Wales. The preliminary RC drilling at the Webbs Consol North prospect has successfully intercepted significant silver and zinc mineralisation in several drill holes.

Managing Director's Comment on Webbs Consol North Prospect

The Webbs Consol North prospect is shaping up to be significant addition to the portfolio of mineralised lodes discovered to date at the Webbs Consol Silver Project. LDR remains well funded for the further exploration work at both the Webbs Consol Silver and Uralla Gold Projects.

Outlook for Webbs Consol Silver Project

The preliminary RC drilling at Webbs Consol North has revealed significant silver and zinc mineralisation, potentially representing multiple lodes or a larger mineralised body. Lode Resources plans to design a follow-up program to infill drill spacing and test mineralisation at depth at Webbs Consol North and other lodes discovered to date, including Tangoa West. The company remains well funded for further exploration work at both the Webbs Consol Silver and Uralla Gold Projects, indicating a positive outlook for their ongoing exploration and development efforts.