Lunnon Metals expands gold exploration program at Kambalda Gold & Nickel Project

Lunnon Metals Limited (ASX:LM8) is expanding its gold exploration program at the Foster area of the Kambalda Gold & Nickel Project. The company has reported significant, near surface, high-grade drill results from the current program at the Lady Herial prospect. The expansion aims to test a suite of high-ranking prospects in parallel to advancing Lady Herial, with the intention of firming up the pipeline of gold opportunities at various stages of maturity.

Executive Commentary on Gold Exploration Program Expansion

Managing Director, Edmund Ainscough, expressed, 'Again, more opportunities keep revealing themselves at Lady Herial. We are diligently going about collecting as much new data as possible and confirming the information we've already recorded. Recognising the strong host rock control on the better thicknesses and grade of the gold mineralisation at Lady Herial has also encouraged us to revisit mapping of the immediate surrounds as well as further afield. This has highlighted that not only is Lady Herial open, but it may also be part of a family of stacked structures and at the larger belt scale that there are multiple other gold prospects with the right characteristics and potential to replicate the success enjoyed to date. Approving an expanded drill program was the logical next step and this redoubled effort will look to quickly assess and define all these opportunities to firm up a portfolio of robust gold prospects capable of exploitation.'

Summary of Expansion and Outlook

Lunnon Metals is expanding its gold exploration program at the Foster area, targeting multiple high-ranking prospects in addition to advancing Lady Herial. The company aims to firm up a portfolio of robust gold prospects capable of exploitation. The expansion comes after significant, near surface, high-grade drill results from the current program at Lady Herial. The recognition of multiple other gold prospects with the right characteristics and potential to replicate the success enjoyed to date has led to the approval of an expanded drill program. The objective is to test and define all these opportunities, ranging from early stage testing through Mineral Resource estimation and definition, to open pit design and permitting. The company is optimistic about the potential for these stacked structural systems in the Foster 'nickel' belt and is considering preparing an Exploration Target based on the JORC 2012 guidelines to quantify the emerging and exciting gold potential.