-- Lunnon Metals (ASX:LM8) said recent exploration results support key mineralized structures continuing at depth at its Lady Herial gold system in Western Australia, with the depth extent of the structures now at a significant plunge of more than 500 meters, according to a Monday Australian bourse filing.
The company said the results highlight the potential for these structures to interact down-dip with the Foster underground nickel mine and other prospective gold host rocks within the St Ives camp, creating potential future synergies between gold and nickel underground at Foster and Lady Herial.
The results also open up the opportunity for the Lady Herial gold system to interact with the Lunnon Sediment, the host rock to the Father's Day Vein at Beta/Hunt, a gold and nickel mine within the St Ives camp, the filing added.
The company's shares fell 1% in recent Monday trade.