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Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Gidgee Flat | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-5-2018: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Gidgee Flat deposit at the Neds Creek project. Drilling results incl. 11m @ 3.5g/t Au from 80m. West Australian gold explorer Lodestar Minerals Limited (“Lodestar” or | |
| 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 initial results from the first five holes from the program of RC drilling carried out at the Gidgee Flat prospect within the Company’s 100%-owned Ned’s Creek project (see Figure 1) have been received. The remaining assay results from the RC program are expected by mid-May and will be released once all results are to hand. Drilling at Gidgee Flat comprised 11 holes for 1,969m. Assay results have been received for the first five of the 11 RC holes drilled targeting significant gold mineralisation intersected in aircore drilling (see Lodestar’s ASX announcement dated 27th December 2017). RC holes LNRC030 to LNRC033 reported significant gold mineralisation at down hole depths of between 66m and 120m, confirming and extending results reported in earlier aircore drilling over an area of 60m by 50m. Aircore drilling defined a shallow north-dipping zone of mineralisation extending from the oxide to the transition zones. RC drilling targeted the interpreted down-dip extension of this zone. LNRC034 was drilled to the north of LNRC030 to LNRC033 and may have been drilled above or stopped short of the target. RC holes LNRC035 to LNRC040 (results pending) targeted the north-dipping mineralised zone at a deeper level, directly below LNRC030 to LNRC033. | |
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