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Posted: 2024-10-01 05:00:41

With assays anticipated for early November, the rig has been kept on site for further drilling and to continue exploration, depending on the how the results shape up. Additionally, several of the K8 and K9 holes have proven to be useable for a DHEM program, which with the help of a geophysics team, will kick off in the next fortnight and allow the company to test for further conductive plates.

Concurrently and 200km to the north-east of the KSB, Latitude is working through data at its earlier-stage Peräpohja Schist Belt Project (PSB) project. Recent rock-chip samples have generated 20 new targets with similar tenor to the KSB, including surface samples as high as 137.7g/t gold, 10.6 per cent copper, 0.16 per cent cobalt and 73g/t silver.

Further work, involving electromagnetic (EM) structural surveys and induced-polarisation (IP), has also been conducted on the company’s Petaja, Reutu and Vinsa prospects.

Although the summer exploration window is rapidly closing, the PSB has given management plenty to think about going into next year and a glimpse of what may possibly lie beneath.

Northern Finland is proving rich pickings for Latitude and with a maiden resource at K South potentially only a couple of months away, the next few months could prove pivotal for the company in lifting its overall estimate – especially given the current runaway price of its key metal, gold.

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