Latitude 66 (ASX: LAT) has announced encouraging initial assay results from its recent drilling program at the Edjudina project, located north of Kalgoorlie in Western Australia, further substantiating the potential of the Colossus gold discovery. Latitude 66 is an Australian exploration company focused on discovering and developing resource projects. The company’s projects include the Circle Valley Project and the Edjudina Gold Project.
The early results stem from a recently completed 88-hole, 5,093-metre aircore drilling program at Edjudina. These results have further confirmed the presence of bottom-of-hole gold mineralisation. Highlights from the first 36 drill holes completed at the Colossus prospect include 1 metre at 0.45 grams per tonne of gold from 78 metres and 4 metres at 0.32 grams per tonne of gold from 68 metres.
Managing director Grant Coyle expressed optimism regarding the initial findings, stating they reinforce the company’s belief that the Edjudina project has the potential to host a significant gold deposit. Mr. Coyle noted the presence of a consistent alteration assemblage, including silica-hematite alteration and associated quartz veining observed in end-of-hole drill chips, as particularly intriguing.
Latitude 66 is currently awaiting assays for the remaining 52 drill holes, including those from drilling at the Falcon, Hercules, and Spartan South prospects. The company intends to conduct deeper reverse circulation and/or diamond drilling to assess the potential for structurally focused, intrusion-related gold mineralisation at depth, beneath the anomalous end-of-hole intersections.
