PEAK ASSET: ARVO WRAP 20 January: Greenland jitters hit ASX, banks; BHP hit by Jansen blowout | Gold surges past $US4700 for the first time | Latitude 66 Enjoys Early Success with Multiple Gold Hits in Initial Laverton Drilling |

Latitude 66 Enjoys Early Success with Multiple Gold Hits in Initial Laverton Drilling

Latitude 66’s (ASX: LAT) initial drilling program at its new Laverton Gold project in Western Australia has brought the company some early success, with results from the Red Dog and Tin Dog prospects confirming wide, high-grade gold mineralisation across multiple lodes.

Highlight gold hits including 11 metres at 4.6 grams per tonne from 10m and 6m at 4.2g/t from 24m delivered extensions to flat-lying high-grade mineralisation at Red Dog.

Meanwhile, high-grade intersections such as 2.0m at 12.5 g/t from 83m, and 4m at 3.9g/t from 54m including 2m @ 7.5g/t, signify a new discovery within northwest-to-southeast striking shear zones at Tin Dog.

Red Dog and Tin Dog sit on granted mining leases with extensive infrastructure including an existing haul road network and five gold mills within 100 kilometres.

Red Dog currently comprises a mineral resource estimate of 231,000t at 1.82g/t for 13,500 ounces of gold, with 89% of the resources in the Indicated category and 11% Inferred.

Late-2025 Acquisition

The results come from reverse circulation (RC) drilling Latitude conducted in December 2025 at Laverton – located approximately 80km south the town of the same name in WA’s Goldfields region – soon after it had signed an agreement to acquire 80% of the project.

The company drilled 31 holes for 2,653m at Red Dog and Tin Dog, with all assays now received, along with results from a drilling program the previous owner completed earlier in 2025 that was partially funded through the Exploration Incentive Scheme.

Latitude now plains to rapidly advance the project towards mineral resource definition and development, with a follow-up drilling campaign to commence next month targeting an extension of defined mineralisation and an expanded view on resource potential.

Upcoming exploration will also feature induced polarisation geophysics at Red Dog and re-processing of previous surveys at Tin Dog.

‘Highly Encouraging Step Forward’

Managing director Grant Coyle called the results a “highly encouraging step forward for Latitude 66”.

“At Red Dog, we are seeing strong confirmation of wide, flat-lying high-grade gold mineralisation beyond the existing mineral resource, reinforcing our confidence in the continuity and growth potential of the deposit,” he said.

“At Tin Dog, the results not only validate historical syenite-hosted mineralisation but also confirm our newly developed structural model, with new high-grade gold discoveries along previously underexplored corridors.”

“These results demonstrate the clear potential for rapid mineral resource growth in line with the reported exploration target across both prospects.”

“With a strong balance sheet [$5 million in cash and shares, as at 15 January], Latitude 66 is well positioned to capitalise on our initial exploration success in the record high gold price environment to unlock further value at the Laverton gold project.”