LCL 0.00% 0.8¢ lcl resources limited

Ann: Trading Halt, page-17

  1. 758 Posts.
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    Company is operating in a jurisdiction that is in a totally different time zone to that of disallowed. Results more than likely released by local labs in South America last night and the board for orderly disclosure purposes needs to halt trading in the stock for an orderly market to exist.

    Not every announcement of drill results go into a TH.

    eg. announcements made on the following days weren't proceeded by a TH when a form of assay results were released.

    29th March 2021
    First trench intersects 75m @ 1.2g/t Au and 25m @ 1.3g/t Au

    16th March 2021
    Drillholes CHDDH10 through to 12, focussed on the eastern (Guyacanes) porphyry target with CHDDH12 intersecting porphyritic diorite (assays pending) and CHDDH10 intersecting:▪ 38m @ 1.14g/t Au from 82m within 94m @ 0.63g/t Au from 82m▪ Pathfinders suggest intercepted lithological unit is porphyry related▪ Of particular interest in terms of gold potential at depth are multiple pulses of diorite adjacent to 164m of magmatic breccia in CHDDH12 with classic porphyry pathfinder characteristics ▪ Drillhole CHDDH13 expected to commence shortly, targeting the interpreted eastern porphyry under the ‘hot spot’ now defined by five diamond holes (CHDDH01, ‘02, ’10, ’11 and ’12)▪ Drillhole CHDDH09 intersected high grade epithermal veins before entering zones of a western (Corporacion) porphyry system. Intercepts include:▪ 1.35m @ 10.57g/t Au & 89.77g/t Ag from 133m incl 0.4m @ 94.9 g/t Ag from 133m– epithermal veining▪ 2.10m @ 37.94g/t Au & 18.64g/t Ag from 232.5m incl 0.8m @ 98.3g/t Au and 44.80g/t Ag from 233.8m – epithermal veining▪ 43.70m @ 0.99g/t Au with elevated Cu & Mo from 414m - classic porphyry style alteration and veining


 
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