en.Wedoany.com Reported - Lode Resources (ASX:LDR) has discovered a second mineralized system at the Montezuma silver-antimony project in Tasmania, a find that could further expand the existing 8.2 million ounce silver equivalent resource.

Drill hole MZS42 intersected 6.40 meters from 267.0 meters to 273.4 meters, grading 6.20% zinc, 1.50% lead, 0.10% antimony, 43 g/t silver, and 0.10 g/t gold.

The company stated that these grades are comparable to those at the Rosebery and Hercules mines near the West Coast mining province of Tasmania.

The new discovery includes replacement-style silver-zinc mineralization within the Maestries carbonate conglomerate unit, representing a different type from the existing silver-antimony vein system.

Lode noted that the mineral genesis characteristics are similar to the nearby Renison and Mt Bishoff tin deposits, where primary resource mineralization originates from carbonate replacement.

Managing Director Keith Mayes said: "This discovery, adjacent to our existing 8.2 million ounce resource, is the kind of result that can change the scale of a project." "When we drill from the eastern side, we will be able to test both the Montezuma silver-antimony vein and the newly discovered silver-zinc vein in a single drill hole, which will significantly improve drilling efficiency."

Replacement mineralization typically strengthens towards the source of the ore-forming fluids. Consequently, the company now views the entire 40-meter-wide Maestries carbonate conglomerate unit as a deep drilling target.

Lode recently released the first JORC Mineral Resource estimate for the Montezuma project, with a resource of 480,000 tonnes grading 533 g/t silver equivalent, containing 8.2 million ounces of silver equivalent, and has initiated a scoping study and pre-feasibility study (PFS).

The existing Montezuma vein remains open in all directions, with drilling defining mineralization extending over 250 meters of strike length and 200 meters down-dip depth.

The discovery of the adjacent silver-zinc system may support a resource upgrade, with further drilling planned to delineate the extent of both systems.

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