For thousands of other reports visit RSC's Mineral Intellingence Map
Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Contessa, Brumby | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-12-2016: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Contessa, Brumby deposit at the Neds Creek project. Drilling results incl. 20m @ 1.61g/t Au from 48m at Contessa. The Company is very excited about the results of th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Clayton (Internal) | |
| ABSTRACT: | The Company is very excited about the results of this latest drilling campaign, which have upgraded both Contessa and Brumby and provided further evidence that the under-explored Contessa complex has the potential to host a major gold deposit. With multiple drill-ready targets to test, the Company looks forward to the planned follow-up drilling to further confirm this. The in-fill drilling at Contessa has successfully extended the relatively shallow zone of supergene gold mineralisation between 69600N and 69700N, over a distance of approximately 200m. The persistence of the supergene gold horizon is consistent with dispersion from a rich, underlying primary bedrock source and several holes have reported gold anomalies persisting at depth into the transition zone, potentially narrowing the source area. Data from all past and current drilling will be compiled and used to guide future RC drill targeting. Reconnaissance drilling at Brumby, targeting geochemical anomalies on the western margin of the syenite intrusion has returned positive results, highlighting a new area of untested potential 300m west and south of previous drilling. This area requires systematic drilling in addition to in-fill drilling of the lag gold anomaly between the drill traverses completed in 2013 -2014 and a first-pass drill test of a recently identified zone of rock and lag anomalies east of the current drilling (see Lodestar’s ASX announcement dated 8 August 2016). The Contessa and Brumby prospects are evidence of the presence of a large, gold mineralising system related to a multi-phase, intrusive complex centred on the Contessa granite. The recent results support Lodestar’s regional geological targeting model which indicates the potential to contain both syenitehosted, lower grade, bulk tonnage deposits and higher grade, structurally controlled deposits (see Figures 10 and 11). Significant supergene gold intercepts previously achieved at Contessa southwest and Gidgee Flat (see Lodestar’s ASX announcement dated 30 January 2015), which are located along the 4km long granite contact between Brumby and Contessa, have not been followed up and are further evidence that the granite margin is a major, largely untested target for future exploration and drilling. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report