Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Litchfield Minerals Ltd. ( (AU:LMS) ).
Litchfield Minerals has commenced its maiden diamond drilling campaign at the Oonagalabi Project, launching a two-hole, 1,000-metre program co-funded by the Northern Territory Geological Survey to test two priority intrusive-related targets known as Bomb-Diggity and the Oonagalabi Main Zone “Magnetic Finger.” The work aims to identify the intrusive sources and structural pathways driving a large-scale copper-zinc system with a later gold-silver-bismuth overprint, with previous RC drilling already confirming significant Cu-Zn mineralisation and magnetite-associated gold-bismuth zones. By directly drilling a pipe-like magnetic target interpreted as a potential heat and fluid source and an elongated magnetite-rich feature potentially analogous to Tennant Creek–style IOCG systems, Litchfield is seeking to demonstrate that the Oonagalabi corridor hosts a major mineral system, which could materially enhance the project’s exploration significance and future development potential.
More about Litchfield Minerals Ltd.
Litchfield Minerals Limited is an Australian mineral exploration company focused on discovering large-scale copper, zinc, gold and associated metals, with its flagship Oonagalabi Project located in the Northern Territory. The company’s exploration model targets intrusive-related and structurally controlled mineral systems along major crustal boundaries, positioning it within a region of recognised geological prospectivity.
Average Trading Volume: 423,441
Technical Sentiment Signal: Strong Buy
For detailed information about LMS stock, go to TipRanks’ Stock Analysis page.