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Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Gidgee Flat, Contessa | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-5-2018: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Gidgee Flat, Contessa deposit at the Neds Creek project. Drilling results incl. 4m @ 74.0g/t Au from 140m. West Australian gold explorer Lodestar Minerals Limited (“ | |
| 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 final assay results for the 23 hole, 4,240m RC drilling program completed at the Contessa and Gidgee Flat gold discoveries have been received. Contessa and Gidgee Flat are located within the Company’s 100%-owned Neds Creek project, north of Meekatharra, Western Australia (see Figure 1) and 35km east of Superior Gold’s 5Moz Plutonic gold mine. At Gidgee Flat 11 RC holes were completed for 1,969m of drilling. Drill holes LNRC035 to LNRC040 targeted the down-dip extension to gold mineralisation reported in aircore drilling and RC drill holes LNRC030 to LNRC034 (see Lodestar’s ASX announcements dated 27th December 2017, 30th April 2018 and 9th May 2018). Drilling was completed on four traverses spaced at 25m with holes at 50m spacing on sections. Down dip intercepts are between 40m and 60m apart. RC drilling has tested the contact over a distance of 100m. All holes intersected shear-related and/or syenite-host gold mineralisation and the system remains open along strike and at depth. The latest RC drill results confirm that gold mineralisation extends to depth, reporting the highest gold grades to date from Gidgee Flat. The mineralisation occurs within a series of moderately to steeply north-dipping shear zones adjacent to the granite contact. The shear zones display silicasericite-pyrite, carbonate, haematite-magnetite and epidote alteration and are interspersed with syenite intrusives that also contain gold-bearing pyrite mineralisation. There is a close association between shear-hosted gold mineralisation and undeformed mineralised syenite intrusions as dykes and apophyses, a setting that confirms the intrusion-related style of gold mineralisation proposed for the Ned’s Creek district (see Figures 2 to 4). | |
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