Locksley Resources (ASX: LKY) (‘LKY’ or the “Company”) is pleased to announce that ELA6213, ELA6262 and ELA6265 have been granted as a single exploration licence EL9307 by Regional NSW – Mining, Exploration and Geoscience (MEG) for a period of six years.
This 90 unit licence (261km2), covers areas adjacent to the historic Tottenham Copper Deposits and the CZ Deposit that is currently being drilled by Helix resources Limited (ASX: HLX). Location of the Locksley Resources’ Licences are shown in the attached Figure 1.
The Company is also happy to advise that the processing of diamond drill core from the seven-hole programme at the Orange Plains and Carolina Deposits is almost complete. A 28 hole reverse circulation drill programme for 3,398m has now been completed on time and under budget, over the Chris Watson and Orange Plains Deposits, with all samples in the assay lab. First assay results are expected in approximately three weeks.
Work is ongoing converting the previously announced Exploration Target to a 2012 JORC compliant resource.
"The company is happy with the progress of the current aggressive work program. The new Exploration Licence is a welcome addition to our existing land package and expanding on our current holding signifies our commitment to this highly prospective area."
Steve Woodham, Managing Director at Lockley Resources Ltd
Managing Director of Locksley, Steve Woodham, also commented:
"The company is looking forward to updating shareholders with assay results expected within the next three weeks."
View the full announcement here.
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