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Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Contessa | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-12-2017: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Contessa deposit at the Neds Creek project. Drilling results incl. 4m @ 6.3g/t Au from 48m. Western Australian gold explorer Lodestar Minerals Limited (ASX: LSR) (“L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Clayton (Internal) | |
| ABSTRACT: | Western Australian gold explorer Lodestar Minerals Limited (ASX: LSR) (“Lodestar” or “the Company”) advises that final gold assay results have been received for the two diamond drill holes completed at Contessa. Contessa is located within the 100%-owned Neds Creek project, 170 kilometres north of Meekatharra, WA. (see Figure 1). Further, a program of 5,000m of aircore and 300m of RC drilling has now been completed and samples submitted for assay. Preliminary resultsare discussed below. Two diamond drill holes completed in October targeted gold mineralisation associated with a northdipping structural contact between felsic schist and diorite. Drilling has identified significant gold mineralisation related to hydrothermal veining located on this major contact. Drill holes LND001 and LND002 were completed and LND001 was drilled perpendicular to the contact, whereas LND002 was drilled sub-parallel to the structure and did not intersect the contact. Priority samples from the contact zone intersected in LND001 were fast-tracked for assay and the results reported last month (see Lodestar’s ASX announcement dated 13th November 2017). Results from the remaining drill core samples, away from the key contact zone, were submitted for first-pass gold assay and have now been received. Significant results are listed in Table 1 and all results are reported in the Annexure | |
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