Interim LiDAR Results Enhance Antimony and Gold Prospectivity at Drake East
HIGHLIGHTS
-
RML has received an interim report for a High-quality Light Detection and Ranging (“LiDAR”) interpretation being conducted at the Company’s Drake East Antimony-Gold Project.
-
Drake East hosts fifteen antimony, fifty gold and three copper prospects, with the antimony prospects spread over a 15km wide area. The mineralisation is classified as antimony-quartz, antimony-gold-quartz, and antimony-gold-tungsten-quartz vein-type.
-
LiDAR interpretations to date have identified hundreds of historical mine workings associated with these prospects, including 534 pits, 27 shafts and 15 adits across the project area.
-
LiDAR interpretations to date have also identified a total of 56 linear features/veins across Drake East. These have a collective strike length of 4,150m.
-
The LiDAR interpretation is ongoing so the total number of workings and interpreted veins is not likely to remain the same.
-
As previously announced by RML (ASX announcement 10 March 2025) Drake East hosts high- grade antimony, high-grade gold, and high-grade silver mineralisation, including peak values of 5.72% Sb, 60.9 g/t Au and 214 g/t Ag from sampling of various historical workings.
-
RML’s Drake East Project is immediately adjacent to Legacy’s Drake Project (ASX:LGM, market cap $22m).
-
The final LiDAR interpretation report is anticipated to be completed within 7 to 10 days. Upon receipt of the final report, the Company will further update the market.
Executive Director, Aharon Zaetz, commented about the interim LiDAR results:
“The LiDAR interpretation to date has provided RML a glimpse into the antimony and gold potential of Drake East. The plus five hundred historical mine workings that we have so far identified with LiDAR automatically become targets, which we will prioritise and move quickly to map and sample those for evidence of mineralisation. We will wait for the LiDAR interpretation to be completed, but even these interim results are beyond our expectations.”
