Locksley's Managing Director Steve Woodham commented:
Steve Woodham, Managing Director, Locksley Resources
"Both the Carolina and Orange Plains deposits continue to grow in size. The additional tonnes that have been attributed to the global resource at Tottenham, together with the additional encouraging results on the margins of both deposits, provides the confidence in moving forward with multiple drilling campaigns this year.
Along with continued resource drilling in order to expand and upgrade the existing Resource, the Company will embark on an aggressive work program for the remainder of the year."
Locksley Resources listed in 2021 with the Tottenham Project as its major asset. In 2021, Locksley completed 28 RC and 7 diamond drill holes over the Chris Watson, Orange Plains and Carolina deposits.1,2 The Tottenham Project is located in central New South Wales and surrounds the historic copper mining town of Tottenham.
The Tottenham deposits are hosted within the Ordovician Girilambone Group that also host the Tritton and Girilambone Mines, 110km to the north-northwest (Aeris Resources Ltd.), and is immediately along strike from the CZ Copper Deposit, that is being progressed by Helix Resources Ltd. The recently discovered Constellation Deposit is also in this belt.
Significant previous exploration has defined two exploration targets at the Mount Royal – Orange Plains and Carolina Deposits.
Over the coming months the following activities are being progressed, to expand the existing resources and attempt to identify additional resources:
View the full announcement here.
Along with the recent ASX announcement, LKY has also released an updated investor presentation.
Overview:
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