Lode Resources Ltd. announced Drill hole WCS028 has intersected 42.0m of sulphide mineralisation containing an estimated 6% sphalerite ((Zn,Fe)S) 1% galena (PbS), 0.5% chalcopyrite (CuFeS2) at the Main Shaft prospect. Significant silver is also anticipated. The WCS028 intercept demonstrates a widening of lode mineralisation at depth, a vertical extension of 30m below drill hole WCS007, 80m below the deepest mining level and 150m vertically below surface.

Since the Main Shaft prospect was discovered in the late 1800's, well prior to the advent of exploration drilling techniques, it is highly like mineralisation at this prospect did outcrop at surface but has since been obliterated by mining and infrastructure activities. This indicates that mineralised lodes at Webbs Consol do have the potential to exceed 150m vertically. In addition, it is now apparent that mineralised lodes at Webbs Consol show vertical zonation with lead-silver rich mineralisation contained within higher levels of lodes transitioning to zinc-silver rich mineralization at depth.

Historical mining was almost entirely focussed on lead rich mineralisation (galena) as zinc rich mineralisation (sphalerite) was not amenable to primitive gravity separation methods used at the time and also, quite possibly, the lack of offtake markets, despite silver mineralisation being associated with both minerals at Webbs Consol. Since historical records were almost entirely focussed on the mineralisation of economic importance at the time, that being lead-silver rich mineralisation, the prospectivity of zinc-silver mineralisation at depth appears to have been completely missed by modern explorers, until now. Obviously, recognition of this transition of lead to zinc mineralisation at depth also has, by extension, potential implications for other mineralised lodes discovered at the Webbs Consol silver-base metal project to date.

It also has implications for surface exploration as zinc mineralisation is highly susceptible to surface chemical weathering and outcropping mineralisation is almost always depleted of zinc values when sampled. Thus, mineralised lodes rich in zinc at or near surface may have been completely overlooked. Drill hole WCS029 has intersected 30.5m of sulphide mineralisation containing an estimated 4% sphalerite ((Zn,Fe)S) 1% galena (PbS), 0.5% chalcopyrite (CuFeS2) at the Main Shaft prospect.

Significant silver is also anticipated. The WCS029 intercept demonstrates a transition to base metal mineralisation (sphalerite and galena) with depth as the higher intercept in drill hole WCS008 was predominantly arsenopyrite with elevated levels of gold and silver but hosted negligible base metals. To date preliminary Phase I drilling has discovered 5 thick mineralised lodes rich in Ag, Pb and Zn with lesser Cu and Au.

This together with > 3km north-south strike and the latest deeper drill intercepts demonstrates the significant but previously unrecognised prospectivity of the Webbs Consol mineral system.