
businessJul 1, 20265:10pending
Lightning Minerals confirms rhyolite-hosted gold at Mt Turner
About this episode
Lightning Minerals Ltd managing director Troy Brice talked with Proactive about the company’s Mt Turner Gold Project in northern Queensland and the results of an independent University of New South Wales petrology study, which confirmed the presence of rhyolite intrusion-hosted gold mineralisation.
Brice said the study provided “strong, independent validation” of Lightning Minerals Ltd’s exploration model and supported the company’s view that Mt Turner may host a large-scale district gold system. The study was based on selected drill core from the company’s 2025 diamond drilling program and found that gold mineralisation is associated with rhyolite and dacite intrusions along the 14-kilometre Drummer Fault corridor.
Brice explained that the findings indicated a large-scale, long-lived mineralised system rather than a series of separate mineralised pockets. He said the results were “better than expected” and gave the company further confidence that it is applying the right exploration plan and drilling in the right locations.
The company plans to use the petrology findings to refine targets ahead of its Phase 2 drilling program, which is scheduled to start in mid-July 2026. Brice said the program would help build toward Phase 3 drilling in November and support the company’s work toward a future mineral resource estimate.
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#LightningMinerals #L1M #ASX #MtTurner #GoldExploration #NorthernQueensland #DrummerFault #GoldMineralisation #MiningNews #ResourceEstimate #Phase2Drilling #InvestorNews #ProactiveInvestors
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