Lodestar driven by new Earaheedy targets

Lodestar Minerals (ASX:LSR) has defined 16 new base metal anomalies via a first pass geochemical soil sampling program at its Earaheedy Project in Western Australia. 

All of the anomalies are considered prospective for copper, lead, zinc, and cobalt and cover in excess of 100km of strike length and 30km strike width. 

The company says these anomalies require infill soil sampling to better delineate more discrete anomalies in early March 2024. 

Upon completing this work, an ongoing review of all current and new geochemical data will be included with geological and geophysical data to delineate new drill targets for the first half of 2024.

Lodestar Managing Director Ed Turner says upon intersecting ‘significant’ gold, copper, and zinc mineralisation, the company is ‘happy’ to have revealed multiple defined base metal anomalies that require follow-up. 

“The multi-element assays from 6,605 geochemical soil samples have highlighted numerous exciting base metal anomalies over large areas. 

Despite the size of these programs, we have still only sampled approximately half of the Earaheedy Project area, so we expect further high-quality targets to be identified in the near-term. 

Infill sampling will shortly commence over these anomalies, as well as first pass programs for the remaining untested areas. These will lead to definition of drill targets for the first half of 2024.”

All of the assays have been compiled and interpreted from multiple soil sampling programs completed in late 2023, as well as earlier surveys from 2022. 

Each sample was assayed for a multi-element suite of 60 elements, including potential path finders that 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. 

The Earaheedy project covers a 1,400km-square area in the emerging Earaheedy province of Western Australia. 

Lodestar Minerals is an active Western Australia base metal and gold explorer focused on its portfolio of projects including the Earaheedy, Ned’s Creek, and Coolgardie West projects. 

As of 31 December 2023, the company had $606,000 cash and cash equivalents at hand, according to its latest quarterly report.

Write to Aaliyah Rogan at Mining.com.au   

Images: Lodestar Minerals
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.