For thousands of other reports visit RSC's Mineral Intellingence Map
Lodestar Minerals Ltd.
Summary
| Project: | Neds Creek | |
|---|---|---|
| Deposit: | Neds Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2017: Lodestar Minerals Ltd. announces an Exploration/Drilling Update report for its Neds Creek deposit at the Neds Creek project. Drilling results incl. 4m @ 8.69g/t Au from 28m. 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) advises that assay results from the recently completed aircore drilling program on the Company’s 100% - owned Ned’s Creek project (see Figure 1) have been received. The results show extensive gold mineralisation that further define important gold targets for follow up drilling and support the Company’s view that the ContessaBrumby area provides a significant opportunity for a major gold discovery. In late May, Lodestar completed an 88 hole, 4833m aircore drilling program over a distance of 7 kilometres along the western and southern contacts of the Contessa granite (see Figure 2). The granite contact is considered to be a key structural control of gold mineralisation in the Ned’s Creek and Yowereena area. The drilling specifically targeted areas where gold mineralisation had been incompletely tested. A single aircore hole, LNR906, tested the bedrock target intersected in LNR806 (3m at 1.0g/t Au from 96m, see Lodestar’s ASX release dated 1 December 2016). LNR906 was drilled at 90 degrees to LNR806, towards grid south (130 degrees) to confirm the target and act as a pilot hole to a planned diamond drill hole to be completed under the EIS co-funded drilling program (see Figures 3 and 4). LNR906 intersected 4m at 4.35g/t Au from 84m to end of hole and terminated due to water inflow. Both LNR806 and LNR906 were drilled to the limit of the aircore rig’s capacity and the target, a siliceous unit containing oxidised sulphides, remains incompletely tested. The Contessa bedrock target is thought to be located near the contact of the diorite and strongly sheared felsic rocks. Given the extensive distribution of supergene gold and gold anomalism through the transition zone in nearby aircore drilling the contact is an important target for planned diamond drilling to effectively test the target and obtain structural information to allow future drilling to be planned more effectively. | |
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