Locksley Resources Limited has today announced the identification of a high-grade, northwest to southeast oriented mineralized silver corridor at its Mojave Project in California in the United States, marking a significant advancement in the Company’s exploration strategy for the Project.
Reconnaissance and surface rock chip sampling has confirmed high-grade silver mineralization extending almost 3 kilometers from the initial high-grade silver discovery, located ~320 meters southwest of the historic Desert Antimony Mine (DAM). Assay results include values of up to 409 g/t silver, with twelve rock chip samples exceeding 30 g/t silver, reinforcing the precious metal potential within the Mojave Project’s North Block.
In addition to silver, the results confirm a strong polymetallic system, with significant base metal mineralization recorded. Samples returned grades of up to 4.2 % copper, 1.5 % lead and 1.5 % zinc, highlighting the multi-commodity nature of the mineralized corridor and enhancing the overall prospectivity of the project area.
The interpreted mineralized corridor was announced to extend approximately 2.4 kilometers west-northwest of the historic Hendricks Shaft and around 600 meters to the east-southeast, which suggestss the presence of a large-scale hydrothermal system. High-grade samples collected from outcropping veins and historic stockpiles display gossanous textures and boxwork structures, indicating weathered sulphide-rich polymetallic veins and the potential for fresh sulphides at depth.
A total 398 rock chip samples have been collected across the North Block, with around 260 samples taken along the interpreted corridor between the Desert Antimony Mine and areas up to 5.6 kilometers to the southeast. Additional notable results include a sample returning 117 g/t silver and 3.1 % copper, collected near historic workings where copper carbonate mineralization is visibly present.
Kerrie Matthews, Managing Director & CEO, commented: “Defining a 3 km mineralized trend with surface results of up to 409 g/t silver and 1.5 % copper is a highly encouraging outcome. Importantly, this discovery complements our core antimony development strategy and gives exposure as a diversified U.S. critical minerals company, providing shareholders with upside to precious metals, base metals, and strategic minerals within a single, high-quality project area.”
Locksley plans to advance this silver and base metals opportunity through a systematic exploration program, to be undertaken in parallel with ongoing activities at the Desert Antimony Mine and El Campo prospects. Planned work includes detailed geological mapping, petrological and geochemical studies, assessment of suitable geophysical surveys, and the delineation of high-priority, drill-ready targets along the mineralized trend.