Highlights: ✚ Laneway achieves another significant milestone as it progresses towards commercial extraction of high-grade gold material from its 100% owned Agate Creek Gold Project with the receipt of outstanding high grade results from the recently completed 1,314m (51 hole) RC drilling program at the Sherwood Deposit. ✚ Numerous and consistent high-grade intersections encountered with several intersections exceeding 100 g/t gold and grades of up to 564 g/t gold. ✚ The objective of the drilling program was to improve the geological confidence of the high grade deposit that is planned to be initially mined once the Mining Lease is granted. ✚ Results confirm the high-grade nature of the Sherwood Deposit and highlight the broader potential of the Agate Creek project which includes an Indicated and Inferred Mineral Resource containing 381,000 oz of Gold at 1.4 g/t currently outlined. ✚ Several of the high grade gold intercepts are tabled below. • CCGC019 – 3.0m @ 32.81 g/t • CCGC030 – 5.0m @ 12.86 g/t • CCGC031 – 2.0m @ 68.51 g/t including 0.5m @ 250 g/t • CCGC032 – 1.5m @ 50.37 g/t including 0.5m @ 106 g/t • CCGC033 – 1.5m @ 56.45 g/t including 0.5m @ 148 g/t • CCGC043 – 4.5m @ 91.70 g/t including 0.5 m @ 564 g/t & 0.5m @ 157 g/t • CCGC044 – 5.0m @ 27.94 g/t Full assayed gold results >3.5 g/t analysed for Laneway can be seen in Table 3.
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
