en.Wedoany.com Reported - Lightning Minerals Ltd has completed a 492-sample soil sampling program at the Drummer Fault area of the Mount Turner gold project in Queensland, Australia, with results helping to identify six targets for the second phase of drilling and reinforcing the perception of district-scale potential.
The company covered approximately 10 kilometers of strike length during this systematic sampling campaign, integrating the geochemical results with petrology reports and other exploration data to refine the geological model. CEO Troy Brice stated that the data suggests six historical mining pits may be connected by a larger mineralized system, rather than being isolated open pits as previously thought. Specifically, a 2.2-kilometer-long corridor was identified between Pit 3 and Pit 5.
The second phase of drilling is scheduled to commence in mid-July, with planned depths of approximately 120 meters, compared to historical drilling which typically reached less than 80 meters. Brice noted that deeper drilling may follow to assess the copper mineralization potential of the Mount Turner porphyry system. The company aims to establish a mineral resource estimate for Mount Turner by 2027, with all exploration activities aligned toward this goal.
Subsequent plans also include a 600-sample soil sampling campaign west of Mount Turner to add data layers for future drilling. The drilling program will be conducted in stages with a focus on cost control.
In terms of asset restructuring, Lightning Minerals Ltd is advancing the divestment of three lithium projects located in Western Australia, Canada's James Bay region, and Brazil. A data room has been opened to interested parties, and the company expects to make announcements regarding these assets in the coming weeks. Capital and exploration focus will be concentrated on Mount Turner, while the company also plans to conduct follow-up work on the Mount Warby tungsten opportunity.
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