Lodestar Minerals (ASX:LSR) is reporting it has begun reverse circulation (RC) drilling on the Ned’s Creek Project JV, targeting a discrete magnetic anomaly within the mineralised Contessa shear zone adjacent to the granite contact.
The magnetic anomaly has been modelled as a 200m long body dipping to the southeast.
Lodestar discovered multiple zones of syenite intrusion-related gold mineralisation at the Ned’s Creek Project on this Yilgarn Craton margin, 150km west of Imbin, Western Australia.
Prior drilling alongside strike to the northeast of the magnetic feature has intersected anomalous gold in the transition zone and basement, with the closest hole LNR840 reporting elevated gold from 60m to the end of the hole at 84m, to a maximum 3.14g/t Au.
Lodestar is reporting the magnetic target and adjacent shear zone will initially be tested by up to 4 RC drillholes to a depth of 150m to 200m.
the magnetic target and adjacent shear zone will initially be tested by up to 4 RC drillholes to a depth of 150m to 200m
Vango Mining (ASX:VAN) is earning a 51% interest in the Ned’s Creek JV by contributing $5 million of expenditure over three years.
Lodestar Minerals is a Western Australian gold and base metal explorer with projecrs including the Nepean Nickel Project JV, the Ned’s Creek JC and the 100% owned Camel Hills, Earaheedy-Imbin, Jubilee Well, Bulong, and Coolgardie West projects.
The Earahardy-Imbin Project is a major strategic land holding in the emerging Earaheedy Province, site of Rumble Resources’ (ASX:RTR) recent ‘potentially world-class’ Zinc-Lead discoveries.
The Imbin Project is located on the northern margin of the prospective basin and is the site of significant historic copper intersections in drilling and abour 20km of strike of the target Yelma-Frere unconformity.
Bulong and Jubilee Well are located in highly endowed gold districts, and first-pass drill programs have been planned.
Coolgardie West, located 12km west of Coolgardie, has potential for greenstone hosted gold, nickel and LCT pegmatite mineralisation with priority lithium and gold drill targets identified by soil geochemistry.
Lodestar Minerals Limited
