LDR: 5 High Grade Intercepts and New Lode in Montezuma Drill Hole
Original announcement by asx on
- Company
- Lode Resources Ltd
- Ticker
- LDR
- Exchange
- ASX
- Region
- Tasmania
- Primary commodity
- Silver
- Secondary commodities
- Antimony, Copper, Lead, Zinc, Gold, Tin, Arsenic
- Document categories
- Drill results, Metallurgy, Resource update
- Extracted
- 2026-10-05 22:19:56 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lode Resources Ltd announced exceptional high-grade polymetallic drill results from hole MZS43 at its Montezuma Silver & Antimony Project in Tasmania, including the discovery of a new lode and extensions to existing mineralization. The drilling returned multiple significant intercepts with bonanza grades for silver, copper, antimony, and tin, demonstrating strong endowment and resource growth potential. These results also confirm a second silver-zinc replacement mineralization style, providing additional exploration targets for the project.
Reasoning: Lode Resources reported multiple high-grade polymetallic intercepts from drill hole MZS43 at its Montezuma project, including the discovery of a new lode (Moores Lode) and significant extensions to existing mineralization. Several intercepts show bonanza grades for silver, copper, antimony, and tin, significantly exceeding prior results and demonstrating strong resource growth potential. The detailed QA/QC disclosure and favorable drill orientation further enhance confidence in these results, despite the presence of deleterious arsenic and the exclusion of gold and tin from the metal equivalent calculation.
Positive factors
- Bonanza Intercept
- New Lode Discovery
- Step-Out Extension
- QA/QC Disclosed
- Drill Orientation Quality
Negative factors
- Deleterious Elements Present
- Metal Equivalent Opaque
Facts used in scoring: 6
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
MZS43Montezuma Silver & Antimony · silverGrade: 437Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- silver
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 437
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Metal Eq. Grade
- 1241
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode shows bonanza silver grades (437 g/t Ag) over a good width, contributing significantly to the project's overall endowment and demonstrating high novelty and materiality. The AgEq grade of 1,241 g/t further highlights its value.
Positive factors
- Bonanza Intercept
- New Lode Discovery
Negative factors
- Deleterious Elements Present
- Metal Equivalent Opaque
Evidence · table
“437”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 437 g/t Ag is a bonanza grade for silver, well above the 200 g/t strong threshold and approaching the 500 g/t exceptional threshold.
Evidence · table
“437”
Context: 1
New Lode DiscoveryRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: This intercept is explicitly stated as being from the 'New discovery – Moores Lode'.
Evidence · text
“New discovery – Moores Lode”
MZS43Montezuma Silver & Antimony · arsenicGrade: 6Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- arsenic
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 6
- Grade Unit
- %
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode contains a high percentage of arsenic (6.0%), which is a deleterious element that could pose processing or concentrate quality challenges.
Negative factors
- Deleterious Elements Present
Evidence · table
“6.0”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Deleterious Elements PresentRejected · negative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Reason: 6.0% arsenic is a high concentration of a deleterious element, potentially impacting processing or concentrate quality.
Evidence · table
“6.0”
Context: 1
MZS43Montezuma Silver & Antimony · copperGrade: 3.4Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- copper
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 3.4
- Grade Unit
- %
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode shows exceptional copper grades (3.4% Cu) over a good width, contributing significantly to the project's overall endowment and demonstrating high novelty and materiality.
Positive factors
- Bonanza Intercept
- New Lode Discovery
Negative factors
- Deleterious Elements Present
Evidence · table
“3.4”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 3.4% Cu is an exceptional grade for copper, exceeding the 2.5% threshold.
Evidence · table
“3.4”
Context: 1
New Lode DiscoveryRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: This intercept is explicitly stated as being from the 'New discovery – Moores Lode'.
Evidence · text
“New discovery – Moores Lode”
MZS43Montezuma Silver & Antimony · leadGrade: 2.4Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- lead
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 2.4
- Grade Unit
- %
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode contains a moderate lead grade (2.4% Pb) over a good width, contributing to the polymetallic nature of the discovery.
Positive factors
- New Lode Discovery
Negative factors
- Deleterious Elements Present
Evidence · table
“2.4”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
New Lode DiscoveryRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: This intercept is explicitly stated as being from the 'New discovery – Moores Lode'.
Evidence · text
“New discovery – Moores Lode”
MZS43Montezuma Silver & Antimony · zincGrade: 0.3Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- zinc
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 0.3
- Grade Unit
- %
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode contains a low zinc grade (0.3% Zn), contributing to the polymetallic nature of the discovery but not a primary driver of value for this specific interval.
Positive factors
- New Lode Discovery
Negative factors
- Deleterious Elements Present
Evidence · table
“0.3”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
New Lode DiscoveryRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: This intercept is explicitly stated as being from the 'New discovery – Moores Lode'.
Evidence · text
“New discovery – Moores Lode”
MZS43Montezuma Silver & Antimony · antimonyGrade: 1.2Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MZS43
- Project
- Montezuma Silver & Antimony
- Commodity
- antimony
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- LDR
Geometry
- Grade
- 1.2
- Grade Unit
- %
- Intercept
- 1 m
- From
- 133.5 m
- To
- 134.5 m
- Hole Depth
- 488.8 m
- Intercept Depth
- 133.5 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MZS43:133.5-134.5
- Mining Method
- underground
Location
- Easting
- 373345
- Northing
- 5363895
- Elevation
- 660 m
- Azimuth
- 302 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Burnie and Brisbane
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: This intercept from the newly discovered Moores Lode shows strong antimony grades (1.2% Sb) over a good width, contributing significantly to the project's overall endowment and demonstrating high novelty and materiality.
Positive factors
- Bonanza Intercept
- New Lode Discovery
Negative factors
- Deleterious Elements Present
Evidence · table
“1.2”
Context: 1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "ASX Announcement | 6 October 2026 ASX Code: LDR 1 ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506,"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 1.2% Sb is a strong grade for antimony, exceeding the 1% threshold.
Evidence · table
“1.2”
Context: 1
New Lode DiscoveryRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: This intercept is explicitly stated as being from the 'New discovery – Moores Lode'.
Evidence · text
“New discovery – Moores Lode”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.