Lightning Minerals Limited Eyes 1,000m Drilling at Mt Turner Gold Project Amid High-Grade Discovery and Lotus Minerals Acquisition Catalyst
Thursday, July 24, 2025
at
8:51 am
Lightning Minerals completed a site visit at its Mt Turner Gold Project in Queensland, confirming multiple high-potential gold drill targets along a 14km fault. A soil sampling program and phase one drilling set to begin post-AGM add a near-term growth catalyst amid its proposed Lotus Minerals acquisition.
Lightning Minerals has announced that its management team recently conducted a detailed site visit to the Mt Turner Gold Project located in Queensland. This project, which forms part of the proposed acquisition of Lotus Minerals, is emerging as a promising brownfields exploration opportunity. The visit, attended by the Company’s Managing Director Alex Biggs, Exploration Manager Matthew Watson, and Lotus Minerals’ Exploration Manager Cerith Frame, was aimed at assessing the significant gold and copper potential evident along the 14km Drummer Fault. Key findings included multiple high‐potential drill targets beneath remaining open pits and along known mineralized zones, reinforcing past drilling successes that recorded intercepts such as 16m at 3.56 g/t Au, and other high‐grade hits.
The Company revealed that a soil sampling campaign is currently underway, with samples collected along the Drummer and Rocky Reward open pits to test for coherent linear gold anomalies over a strike length of 12.5km. A phase one drill program of at least 1,000m is slated to commence immediately following an upcoming Extraordinary General Meeting. The project’s historical data from previous mining in the 1990s, along with more recent drill programs and technical surveys, have collectively highlighted the near-surface and high-grade potential of gold mineralisation in the region, providing a solid launching pad for further exploration.
The news is likely to be viewed through a bullish lens given the clear identification of multiple drill targets and the planned drilling program, which is seen as a strong near-term catalyst. The solid technical indicators and the opportunity to leverage long-standing regional exploration data add credibility to the project’s prospects. However, some caution remains, as the acquisition of Lotus Minerals is subject to conditions precedent and additional due diligence. Investors should remain mindful of the inherent risks associated with early-stage exploration, such as execution uncertainties and broader market volatility in the gold and copper sectors.