Lodestar Metals (TSX-V:LSTR) has reported ‘high-grade’ silver results from its maiden drilling program at the Black Diamond target within the Gold Run Project in Nevada, US.
Hole LSRC13 returned 15.2m @ 102.2 grams per tonne silver equivalent (AgEq) from 50.3m, including 1.5m @ 431.1g/t AgEq. Hole LSRC14 returned 12.2m @ 98.3g/t AgEq from 48.8m, including 3m @ 289.2g/t AgEq.
Eight reverse circulation (RC) holes totalling 902m tested Black Diamond as part of an 18-hole, 2,680m program across four priority targets at Gold Run.
Drilling targeted dipole-dipole induced polarisation (DDIP) chargeability anomalies combined with elevated silver and gold surface geochemistry.
All eight holes intersected silver-gold mineralisation, with the best results in the central area of the structure. Mineralisation was intersected over about 850m of strike.
The northern extent returned 10.7m @ 0.6g/t gold and 9.7g/t silver from 9.1m in LSRC10. Meanwhile, the southern extent returned 7.6m @ 36.8g/t AgEq from 91.4m in LSRC16.
Mineralisation occurs with manganese and disseminated sulphides hosted in carbon-bearing siliciclastic phyllites.
CEO Lowell Kamin says the results may represent a separate silver-rich mineralised system.
“Our strategy of following up surface geochemistry and DDIP anomalies has again proven successful and has resulted in a discovery at Black Diamond which may represent a separate silver-rich mineralised system and another strong target for follow-up drilling,” Kamin notes.
The company plans follow-up drilling to test mineralisation at depth and potential stacked structures.
Assays remain pending from two holes totalling 312m at the Crown North target.
Lodestar Metals is a Canadian junior explorer advancing a portfolio of precious metals projects across North America.
Write to JC Villarba at Mining.com.au
Images: Unsplash
