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Lac Gold Limited (ASX:LAC)

ALERT: Price-sensitive ASX Announcement for LAC
Current share price for LAC : $0.350 -0.015 (-4.11%)+
Announcement
Release
4 Jun 2026 10:28AM
Price at Release
$0.365
Full Release
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Summary
Lac Gold Limited announced significant findings from the Rouyn Gold Project, with multiple high-grade gold intersections. Notable results include drill hole AS-26-793 with an interval of 5.65 meters at 141.29 g/t gold and 0.50 meters at 1,580 g/t gold. The project, situated along the Cadillac-Larder Lake Break, shows potential for a large hydrothermal gold system. The presence of coarse gold necessitated further analytical procedures to ensure accurate assay reporting. These findings align with the geological model of a structurally controlled orogenic gold system and enhance the understanding of mineralization controls.
Key Points
  • Multiple exceptional high-grade gold intersections reported at the Rouyn Project.
  • Drilling results include significant gold grades, particularly from holes AS-26-793 with 141.29 g/t over 5.65 meters and 1,580 g/t over 0.50 meters.
  • The project is located along the Cadillac-Larder Lake Break, a significant mineralized trend.
  • Additional analytical follow-up required due to the presence of coarse gold and high assay values.
  • Drilling results support a large hydrothermal gold system with broad mineralized halos.
  • The geological model of Astoria suggests a structurally controlled orogenic gold system.
  • The results refine understanding of controls on higher-grade mineralization.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.