Lode Resources Ltd. provided a drilling update from the Company's 100% owned Webbs Consol Silver Project ("Webbs Consol") located in the New England Fold Belt in north-eastern New South Wales. Follow up drilling at the Webbs Consol Tangoa West Lode has retuned 116.1m @ 1,003 g/t AgEq1 from 90.9m. This drill intercept represents the highest endowment of all drill intercepts received to date at the Webbs Consol and is seven times greater than the mineral endowment of recently reported WCS044 intercept of 54.0m @ 304 g/t AgEq1.

The WCS045 drill intercept comprises a number of exceptionally high-grade zones with a cumulative 41.1m @ 1,664 g/t AgEq1. These high-grade zones have individual metals grading as high as 694 g/t Ag over 8.1m, 24.06% Zn over 8.1m and 22.61% Pb over 15.3m. Details of this substantial intercept.

The WCS045 drill intercept more than doubles Tangoa West Lode mineralisation to a depth 200m vertically and was drilled below the previously reported WCS019 and WCS044, which returned 26.7m @ 421 g/t AgEq1 from 30.1m and 54.0m @ 304 g/t AgEq1 from 48.3m respectively. WCS019 and WCS044 are estimated to have true widths of 17.6m and 21.6m respectively. The WCS045 intercept dip angle is too acute to estimate true width at this stage however the trajectory appears to indicate that the lode is becoming wider with depth.

Multiple drill holes have been designed to test the Tangoa West Lode down to a vertical depth of 450m. Designing additional deeper drill holes at Tangoa West indicates a high level of confidence in the rich endowment and potential scale of the Webbs Consol mineral system.