Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Litchfield Minerals Ltd. ( (AU:LMS) ) has provided an announcement.
Litchfield Minerals has reported new induced polarisation survey results from the Oonagalabi Project in the Northern Territory that reinforce its geological model and highlight strong spatial correlation between magnetic structures and chargeability anomalies. The work has outlined four chargeability trends, including a 5km prospective corridor between VT1 and VT2, and defined the Silverado Deeps anomaly at depth, indicating potential for deeper mineralisation.
The IP lines at VT1 intersected chargeability anomalies adjacent to magnetic features, supporting the potential for both disseminated and massive sulphide mineralisation consistent with known controls at the Oonagalabi Main Zone. With diamond drilling set to resume, including a planned hole to obtain continuous core for detailed structural and mineralogical analysis, the company is aiming to expand the mineralised footprint and refine its broader mineral systems framework along the emerging southern magnetic corridors.
More about Litchfield Minerals Ltd.
Litchfield Minerals Limited is an Australian exploration company focused on discovering and advancing mineral systems in the Northern Territory. Its Oonagalabi Project targets structurally controlled mineralisation associated with magnetic and chargeability anomalies, with an emphasis on expanding prospective corridors for base and precious metals discovery.
Average Trading Volume: 401,046
Technical Sentiment Signal: Strong Buy
See more insights into LMS stock on TipRanks’ Stock Analysis page.