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Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Contessa | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-6-2018: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Contessa deposit at the Neds Creek project. Drilling results incl. 1m @ 151.0g/t Au from 140m. West Australian gold explorer Lodestar Minerals Limited (“Lodestar”, o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Clayton (Internal) | |
| ABSTRACT: | West Australian gold explorer Lodestar Minerals Limited (“Lodestar”, or “the Company” ASX:LSR) advises that assay results for 1m split samples from Contessa RC drill hole LNRC026 (see Lodestar’s ASX announcement dated 22nd May 2018) have been received. LNRC026 is one of 12 RC drill holes completed at the Contessa gold prospect in March-April 2018. Contessa is located 35km east of Superior Gold’s 5Moz Au Plutonic gold mine and 170km north of Meekatharra, on the Company’s 100%-owned Ned’s Creek project. RESULTS The high-grade assay result reported in a 4m composite sample taken from LNRC026 (see Figure 1) has been confirmed by follow up assays of the 1m split samples collected from the rig-mounted cyclone-splitter. Composite samples are collected as a first-pass sampling method when mineralisation is not anticipated, to minimise analytical costs. During the RC drilling program 1m split samples were collected routinely and the 1m samples are used in preference where mineralised intervals are recognised. An average grade of 78g/t for the interval 140m to 144m correlates well with the 4m composite result of 74g/t Au. Similarly, the interval from 144m to 148m reported an average 1.33g/t Au against the original 4m composite sample assay of 0.9g/t Au. | |
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