Lode Resources Ltd. announced that Phase II diamond drilling is to commence shortly at the Webbs Consol Silver-Base Metals Project with approximately 19 holes for 2,350m planned. Subsequent to the success of Phase I drilling, where multiple high-grade Ag, Zn, Pb intercepts were reported from the 100% owed Webbs Consol Silver-Base Metals Project, Phase II drilling will target a combination of extensional drilling of previously discovered lodes as well as testing newly identified surface mineralisation. Previously reported drill hole WCS019 returned 26.7m grading 399 g/t AgEq at the Tangoa West prospect whist drill hole WCS023 returned 50.0m grading 284 g/t AgEq at the Castlereagh prospect.

Drilling will test down dip extensions to >100m vertically below surface as well as strike extensions for both prospects. In addition, new drill targets with high grade surface mineralisation have been just discovered 300m to 850m southeast of the Castlereagh prospect. Surface chip samples have graded up to 1,135 g/t Ag, 7.51% Pb, 0.58% Cu and 0.47 g/t Au.

Chip/grab sampling is a spot sample technique and assay grade is not regarded as being representative of the grade of the mineralised occurrence in general nor an indication of the width of the mineralised occurrence. Webbs Consol Project Overview: Located 16km west-south-west of Emmaville, Webbs Consol was discovered in 1890 with intermittent mining up to the mid-1950s. The Webbs Consol Project (EL8933) contains several small, but high grade, silver-lead-zinc-gold deposits hosted by the Webbs Consol Leucogranite which has intruded the Late Permian Emmaville Volcanics and undifferentiated Early Permian sediments.

Several mine shafts were worked for the high-grade galena and silver content only with high-grade zinc mineralisation discarded. Mineral concentration was via basic Chilean milling techniques and sluicing. Some subsequent rough flotation of galena was carried out with no attempt to recover sphalerite.

Ore mineralogy includes galena, sphalerite, marmatite, arsenopyrite, pyrite, chalcopyrite, minor bismuth, and gold. Chief minerals are generally disseminated but also high grade "bungs" where emplacement is a combination of fracture infilling and country rock replacement. Gangue mineralogy includes quartz, chlorite and sericite with quartz occurring as veins and granular relicts.

Historical sampling shows potential for high grade silver and zinc mineralisation at Webbs Consol. It was reported that 12 samples taken from the lowest level of the main Webbs Consol shaft ("205' Level" or 60m depth) averaged 210g/t silver, 22.6% zinc and 2.74% lead. Epithermal style mineralisation occurs in `en échelon' vertical pipe like bodies at the intersection of main north-south shear and secondary northeast-southwest fractures.

No leaching or secondary enrichment has been identified.