Litchfield Minerals (ASX:LMS) confirmed the completion of its latest drilling campaign at the Oonagalabi Copper-Zinc Project while simultaneously recording high-grade sampling results from its nearby Silver Valley prospect.
The Northern Territory explorer finalised an 11-hole reverse circulation and three-hole diamond drilling programme designed to test critical magnetic anomalies and extensions to the known "Main Zone".
While core samples have been dispatched for laboratory analysis to define future regional targets, the company’s focus has sharpened on the burgeoning potential of the Silver Valley site.
Recent rock-chip sampling at Silver Valley has yielded exceptional results, including peak grades of 378g/t silver and 44.9% lead, alongside notable copper and gold mineralisation.
The findings reinforce the interpretation of a robust, structurally controlled mineralised system that likely extends well beneath shallow cover.
Managing Director Matthew Pustahya described the data as a "compelling near-term opportunity" for rapid value creation, noting that the presence of extensive quartz reefs and visible sulphides suggests the system remains well-preserved at depth.
Litchfield plans to return to the field next month to delineate specific drilling targets across the tenement.
At the time of reporting, Litchfield Minerals’ share price was $0.40.