Latitude 66 defines new drill targets in Finland

By Mining Hub News Desk
12 July 2026, 7:48 p.m. EDT 2 min read

Latitude 66 Limited (ASX: LAT) has identified multiple high-priority drill targets across its KSB and PSB projects in Finland, following the completion of comprehensive Fixed Loop Electromagnetic (FLEM) surveys. These results are expected to refine the company’s upcoming exploration program, with the data pinpointing conductive bodies that may represent sulphide accumulations hosting gold and cobalt mineralisation.

At the KSB project, the survey work has significantly upgraded the definition of the K1 conductor. By integrating new FLEM data with downhole electromagnetic modelling, the company has confirmed a continuous conductor extending 320 metres along strike and 650 metres down dip. Notably, the modelled conductance of this target has increased to 2,466 S, an improvement over previous interpretations. Given that historical drill intersections—including 5.6m at 7.3 g/t gold—sit near the margins of this anomaly, the company believes there is strong potential to expand the existing resource base beyond current boundaries.

Exploration at the PSB project has also yielded results, with surveys at the Reutu Prospect defining a large-scale conductor measuring approximately 1,200 metres by 700 metres. This feature lies sub-parallel to the regionally significant Sihtunna Fault, a structural setting that geologists consider highly prospective for hosting large sulphide mineralisation systems. The increased resolution provided by the FLEM method has allowed the company to define the geometry and depth of these targets with greater confidence than previous airborne surveys.

The company is currently moving to advance these opportunities through active field programs. Drill rig procurement is already underway, setting the stage for testing these refined targets.

"With multiple high-priority targets now defined across both projects, we are well positioned to commence the next phase of drilling aimed at growing our resource base and unlocking further value from our Finnish portfolio." — Grant Coyle, Managing Director

Read the full announcement: High-priority gold targets at both KSB and PSB Projects