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Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Contessa, Brumby | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2016: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Contessa, Brumby deposit at the Neds Creek project. Drilling results incl. 6m @ 0.35g/t Au from 70m. West Australian gold explorer Lodestar Minerals Limited (ASX:LSR | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Clayton (Internal) | |
| ABSTRACT: | West Australian gold explorer Lodestar Minerals Limited (ASX:LSR, “lodestar” or “the Company”) advises that assay results for the final two drill RC holes completed at the Contessa and Brumby prospects have been received. The Contessa and Brumby prospects are located 170km north of Meekatharra, Western Australia within Lodestar’s 100%-owned Ned’s Creek project (see Figure 1). Both prospects are located within a northeast trending regional tectonic zone along the southern boundary of the Marymia Inlier. An induced polarisation chargeability anomaly at Contessa was tested by four RC drill holes drilled to depths of up to 249m, in July2 . Results for the final hole in the program at Contessa (LNRC018) have now been received with the interval from 70m to 76m reporting 0.35g/t gold from a zone of pyrite alteration within the host diorite. Assay results are reported in full in the Annexure. As part of the Contessa program a single RC hole was completed to a depth of 99m at the Brumby prospect, 4 km west of Contessa (see Figure 1), to test a gold intersection in a shallow aircore drill hole completed in 2013 (LNR598). LNR598 was drilled to a depth of 25m and reported an intersection of 10m at 2.6g/t gold3 , subsequently re-assayed as 1m split samples reporting 1m at 6.24g/t gold from 13m; 1m at 18.4g/t gold from 15m and 7m at 0.46g/t gold from 18m. | |
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