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Lodestar Minerals Ltd.

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Summary

Project:

Neds Creek

Deposit:Gidgee
Location:Australia
Commodities:Gold
Date:12/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-12-2018: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Gidgee deposit at the Neds Creek project. Amended previous announcement to include JORC table. 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) has received assay results for another 12 of the 26 RC drill holes completed on the Company’s 100%-owned Ned’s Creek project (see Figure 1). The RC program was designed to delineate gold mineralisation near previous aircore intersections in greater detail and to scope the potential for additional mineralisation along strike and down-dip. The results represent six holes from Gidgee Flat, all four holes completed at Central Park and two holes from Contessa. The remaining eight holes from the program are from Gidgee Flat and Contessa. Significant results greater than 1g/t Au are listed in Table 1 and results from all holes are listed in the Annexure. GIDGEE FLAT Drilling targeted the strike extension to mineralisation identified by RC drilling completed in March 2018. The current drill holes tested the interpreted position of the granite contact 50m and 90m north east (LNRC057 to LNRC060) and 100m south west (LNRC067 and LNRC072) of the earlier RC drilling (see Figures 2 and 3). The step-out drilling has now demonstrated continuity of the geological target and mineralisation over a strike length of 280m and mineralisation remains open to the southwest and northeast. Results are awaited for two of the RC holes (LNRC061 and LNRC062) from the most north easterly drill traverse, where aircore drilling has reported an intersection of 9m at 3.4g/t Au (see Lodestar’s ASX announcement dated 4th July 2018).

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