Annamite Resources, Located a Significant Copper-Gold Porphyry in Laos

After completing our geophysical drone survey and scout drilling program at Namthom, we believe that Annamite has located a significant copper-gold porphyry system that has the potential to impact positively the Lao economy and provide support to local communities.

The Annamite team, together with our geophysical and drilling contract partners, has successfully completed a drone magnetics, LIDAR and aerial photography survey and 1978 metres of core drilling in eight holes at our Namthom prospect.

The 200 line kilometre drone survey at 50 metre spaced lines has provided high quality two dimensional data which offers significant insights into the structural framework of the system and has already impacted drilling decisions at the Namthom copper-gold porphyry prospect and peripheral high grade gold targets.  Three dimensional modelling of geophysical and drilling results is in progress.

Eight inclined core holes were drilled within an 800 metre by 250 metre area across the strike of the prospect.  Five holes (NT_22_001 to NT_22_003, NT_22_005 and NT_22_008) directly targeted the central porphyry system, NT_22_006 tested a strike-extensive chargeability response seen in legacy data, while NT_22_004 and NT_22_007 tested a gold in soils anomaly. Encouraging analytical results continue to be received and will be reported on in due course. Field activities will continue, but  at a slow pace during the remainder of the monsoon season, with full data interpretation taking place in parallel.