Lunnon Metals Limited Secures $220K WA Government Grant to Drill Promising Gold Target in Prolific Kambalda Camp
Wednesday, May 28, 2025
at
8:17 am
Lunnon Metals Limited secures a WA government grant to drill a promising gold target at Foster-Baker. This new project, focused on a 600m magnetic anomaly in a historic gold area, enhances the company’s exploration potential and could drive significant future growth in the gold market.
Lunnon Metals Limited has secured a Western Australian government Exploration Incentive Scheme grant of up to A$220,000 to further test an innovative gold target at its Foster-Baker project. The funding will support a program involving two diamond drill holes totaling 1,400 meters aimed at investigating a 600-meter long magnetic anomaly now identified as the Plentiful Dolerite. Earlier drilling had highlighted a consistent, shallowly west-dipping gold structure within the dolerite, yielding encouraging assays such as 2 meters at 24.49 g/t gold, 6 meters at 3.02 g/t, and 11.8 meters at 1.43 g/t. The current EIS-funded program is being designed to test deeper parts of this system, particularly where it intersects with the significant Orchin-Defiance (OD) structural system known to have controlled major historical gold mineralisation in the region.
This exploration target lies between two established gold mining complexes, with adjacent areas owned by a major gold producer that have collectively produced over 7 million ounces of gold over the past 35 years. By drilling along the plunge of the dolerite in a west-northwesterly direction, Lunnon Metals aims to uncover a potentially blind gold hosting system that has not been previously examined at depth. The drill program, proposed to commence after June 1, 2025 and complete by May 31, 2026, comes on the back of recent successes at Defiance West, reinforcing the company’s commitment to tapping into the gold potential of the emerging Foster Gold Belt.
The announcement is set against the backdrop of the world-renowned Kambalda/St Ives gold camp, where historical exploration and production have established the region as a major gold discovery and mining centre. Lunnon Metals holds full mineral rights on the Foster-Baker project, an area with a storied history of gold production dating back to the early 20th century. The company’s strategy to leverage government co-funding minimizes financial risk and underpins its broader objective of highlighting robust gold resources in a mature mining district with significant existing infrastructure.
The news presents a bullish outlook for investor sentiment. Optimists may point to the secure government funding, strategic location within a prolific gold-producing region, and the promising technical indicators that suggest potential high-grade mineralisation waiting to be uncovered. On the bearish side, critics might note that deep drilling to test blind structures is inherently high risk and the exploration program remains conceptual until definitive economic mineralisation is confirmed. Nonetheless, Lunnon Metals’ track record and ongoing exploration efforts position the company as an intriguing play for those looking to benefit from advanced-stage gold exploration in a well-established mining region.