Lodestar Minerals (ASX:LSR) is in the midst of various exploration activities across its portfolio as it continues to “prudently assess new opportunities” amid strengthening gold and copper markets.
During the current quarter, Lodestar is seeking to complete a review of all previous and new geochemical data along with geological and geophysical data to delineate new H2 2024 drill targets at Earaheedy.
The Earaheedy Project is located some 200km north of Wiluna on the opposite side of the Earaheedy Basin to Rumble Resources Chinook base metal discovery.
Following compilation, the delineation of 16 significant and large base metal anomalies spread over the project area – which extends over more than 100km of strike length and more than 30km across strike in the main area – with the 2023 sampling programs. A further 2,206 samples were taken in the June quarter.
All samples were sieved to -200 µm size fraction and assayed for a multi-element suite of 60 elements. This large suite of elements includes potential ‘pathfinders’ which may be associated with various styles of mineralisation and are used as tools, along with geological and geophysical information, to improve the interpretation and delineation of new targets.
All assays have been received and are being compiled and interpreted to plan further exploration programs in the September quarter.
At the Coolgardie West Project, following grant of E15/2013, Lodestar completed infill soil sampling comprising 307 samples in order to better define existing large gold soil anomalies.
The two anomalies are planned to be drilled during the current quarter with a 1,000m aircore program. First pass geochemical soil sampling is being undertaken for the remaining prospective but untested areas.
Meanwhile, at the Ned’s Creek Project, a heritage survey and PoW approvals of the planned drill areas is also being conducted this quarter.
Ned’s Creek is comprised of five non-contiguous Exploration Licenses totalling 186.81km2 located 180km northeast of the township of Meekatharra within the Ned’s Creek and Marymia Pastoral Leases, Western Australia.
Commenting on exploration activity completed during the June 2024 quarter, Lodestar Managing Director Ed Turner says the company continues to advance exploration within its three project areas with the aim of drilling untested targets in all three projects in the September quarter.
“With gold and copper market strengthening, Lodestar will also continue to prudently assess new opportunities as they come to hand,” he says.
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Images: Lodestar
