Latitude66 set to drill high-potential gold targets at Edjudina

Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA.

The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies.

This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure.

Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable through the issue of new shares under its available capacity

Latitude66 managing director Grant Coyle comments on the prospective targets.

“As part of our strategy to unlock latent value from our Australian assets, Lat66 is excited to be commencing a drilling program across multiple targets at the highly prospective Edjudina Project in WA to follow up on previous work,” he said.

“With record high gold prices, it’s a rewarding environment for exploration success and Lat66 will commence drilling in March at both the KSB Project in Finland and now Edjudina in WA.”

Mr Coyle went on to explain that the accompanying drill for equity agreement with Raglan will assist to maximise Latitude66’s exploration activities and provide shareholders with potential value creation on multiple fronts.