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The Kookynie Project is located approximately 200km north of Kalgoorlie near Kookynie in the Eastern Goldfields of WA. The Project area lies within the Melita Domain of the Keith–Kilkenny Tectonic Zone within the NNW-trending Archaean Malcom greenstone belt. The Keith-Kilkenny Tectonic Zone in the vicinity of Kookynie is a triangular shaped area hosting a succession of Archaean mafic-ultramafic igneous and metasedimentary rocks.

The Project is located in an historical high-grade mining centre and is host to a number of old workings including the Lily Prospect. Some significant intersections have been recorded at the Lily Prospect which highlights the prospectivity for small high-grade deposits. Down dip and plunge extensions of these intersections represent drill targets for Laconia for its initial proposed drilling program.

Only a relatively small amount of previous drilling has been conducted to test the depth potential of this area. Highlights include;

Three RC holes tested the down plunge extensions of the Lily workings where 1,347oz gold has been historically mined from very high-grade structures averaging 64g/t Au

Two RC holes under the historic Kathleen workings where 707oz Au was recovered at an average grade of 27 g/t Au. The best results reported were 2m at 1.44g/t AU and 1m at 3.87 g/t Au

Independent mining consultants Snowdens conducted a detailed review of the tenement in a due diligence document, and provides the following comment;

“Exploration in this area has not fully tested the depth extent of the historic workings and given the mining history along the Niagara trend, the potential to define further zones of high-grade, small to medium tonnage underground mineralisation is considered high”.

Significant results from the Lily Prospect

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