Lodestar Minerals (ASX: LSR) has identified a large target on granite contact with ‘significant’ potential for mineralisation following an RC drilling campaign at the Ned’s Creek Project in Western Australia, co-owned with Vango Mining (ASX: VAN).
The target was identified following the finalisation of a wide-spaced RC contact drilling campaign at the project’s Contessa prospect, which returned key individual grades including:
- Hole LNRC097: 20m @ 0.69g/t Au from 120m; including
- 8m @ 1g/t Au from 132m
- Hole LNRC099: 24m @ 0.51g/t Au from 116m
- Hole LNRC095: 4m @ 2.35g/t Au from 120m
- Hole LNRC083: 12m @ 1.46g/t Au from 50m
- Hole LNRC089: 8m @ 1.84g/t Au from 36m
- Hole LNRC092: 7m @ 2.99g/t Au from 58m
- Hole LNRC086: 4m @ 1.5g/t Au from 36m
The company interprets these results as providing ‘significant’ potential for further mineralisation at Ned’s Creek between the Contessa and Central Park prospects, across 1,200m of strike.
The recent RC campaign was conducted in order to verify historic AC results within the Contessa supergene gold mineralisation over 600m of strike, and to better define the limits of the mineralisation.
Map of the Ned’s Creek Project including the 1,200m zone between the Central Park and Contessa prospectsLodestar also reports that samples taken from the north-eastern end of the target zone have been reported missing amidst a backlog that is affecting laboratory turnaround times.
The Ned’s Creek Project is located 150km north-east of Meekatharra within Western Australia’s Murchison gold field, and comprises seven tenements equalling a total combined area of 340km².
Lodestar reports that it is set to follow up these results with drilling along the prospective 1,200m zone between Central Park and Contessa.
Lodestar Minerals Limited
