Latitude 66 provided an update on exploration activities at its Kuusamo Schist Belt project following a recent capital raise and the completion of a corporate transaction between Latitude 66 Cobalt Limited and DiscovEx Resources Limited. Following an initial drilling campaign at the K9 prospect and subsequent DHEM surveys earlier this year, the company is currently drill testing the extension of the K1 resource (650koz @ 2.7g/t Au) further to the north. An additional drilling campaign, testing extensions to known prospects, and conceptual EM targets at the K South project is planned to commence in mid-August.
Kussamo Schist Belt tenement areas and selected prospects (Source: www.lat66.com)
