Lanthanein Resources Completes Drilling at Lady Grey Prospect

Highlights:

• Lanthanein Resources Ltd finalizes diamond drilling at the Lady Grey Gold Prospect targeting geophysical anomalies.

• Two drill holes completed intersected a key structural corridor near the historic Bounty Gold Mine region.

• Samples are undergoing geological logging in Perth with assay results expected within several weeks.

Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF), a mineral exploration company operating in the resource-rich sector of Western Australia, has concluded its diamond drilling program at the Lady Grey Gold Prospect. This initiative focused on a priority electromagnetic target associated with surface geochemical signatures indicating the presence of gold mineralisation.

The Lady Grey Gold Prospect is situated near Covalent Lithium’s Mount Holland operation and adjacent to the historic Bounty Gold Mine. The area is located along a broader regional structural corridor known to host various mineralised systems, further elevating the geological significance of this exploration project.

Drilling Program Details and Core Recovery

The program involved two diamond drill holes designed to intercept a geophysically modelled Moving Loop Electromagnetic (MLEM) conductor plate beneath a defined geophysical survey line. The first drill hole (LGDH #4) reached significant depth, while a second hole (LGDH #5) was collared on the same line but offset to the east.

Both holes were planned to investigate subsurface structures associated with a surface soil anomaly measuring at a notably high concentration of gold. Core samples have since been recovered and transported to Perth, where geological logging and sample preparation are progressing.

Next Phase: Sample Dispatch and Assaying

Sample dispatch for laboratory assay is expected shortly following the completion of geological assessment and splitting. Laboratory processing is anticipated to produce assay results within a standard time window. The results will provide additional clarity on the subsurface mineral characteristics of the Lady Grey area.

According to company updates, the drilling process experienced disruptions due to unseasonal weather conditions in the Mount Holland area. Despite these delays, the drill contractor, Terra Drilling, completed the campaign with all planned drill targets successfully tested.

Strategic Positioning Near Historic and Active Mines

The Lady Grey tenement lies in close proximity to the Mount Holland lithium operation and the former Bounty Gold Mine, which has historically produced a substantial quantity of gold. This geographic positioning enhances the geological context of Lanthanein’s project area, aligning it with known mineral-rich domains.

The identified MLEM conductor is situated directly below a gold soil anomaly and an interpreted structural feature that extends through the centre of the tenement. The alignment of geophysical, geochemical, and structural indicators formed the basis for prioritising the drill locations.

Implications for Resource Sector Activity

With ongoing exploration in Western Australia’s mineral belts, projects such as Lady Grey contribute to the broader dynamics of the gold sector. Lanthanein’s progress adds further interest to the Mining Stocks, ASX 200 segment, especially as companies continue to assess underexplored terrains near legacy mine sites.

ASX:LNR remains active in expanding its geological knowledge across its holdings, with particular emphasis on data-driven drill targeting. The integration of electromagnetic surveys, geochemical sampling, and core logging enables the company to refine its understanding of local subsurface structures and mineralisation zones.

As the industry awaits laboratory data, the completed drilling campaign represents a key operational milestone in Lanthanein’s gold exploration program. The Lady Grey project continues to evolve within a region long recognised for its mineral resource endowment.