Latitude 66 has initiated a diamond drilling campaign at the K South site in the Kuusamo Schist Belt Project in Finland.
The campaign will target the K9 and K8 prospects, with plans to drill up to 1,000m at each prospect, totalling 2,000m.
The program aims to investigate down-dip/down-plunge conductive plates identified by a recent downhole electromagnetic survey and includes testing areas of previous high-grade intercepts.
Past results at K9 include a 22.4m intersection with 2.40g/t Au, 0.07% Co, and 0.16% Cu from 44m.
Managing Director Grant Coyle stated, "We are excited to be back on the ground at K South to follow up on the high-grade mineralisation confirmed in both historic and Lat66 drilling."
He added, "Results from both prospects will be used to identify whether maiden JORC mineral resource estimates can be calculated to grow our existing global resource base." The drilling, expected to conclude by the end of September, will provide assay results in early November.
Based on these results, further drilling activities will be determined for both the K9 and K8 prospects.
The outcomes will also assess the feasibility of calculating maiden JORC mineral resource estimates, potentially enhancing the company's existing resource base of 650,000 ounces of gold and 5,840 tonnes of cobalt.
Latitude 66 is a diversified gold and critical minerals company. Its projects include Kuusamo Schist Belt, Greater Duchess JV, Sylvania Project, and Edjudina Project.
It conducts regional exploration activities in the highly prospective Perapohja Schist Belts, Kainuu Schist Belts, and Central Lapland Greenstone Belt.
At the time of reporting, Latitude 66's share price was $0.125.