Lodestar Minerals (ASX:LSR) has revealed there were no significant assay results returned from a recent aircore drilling program conducted at the Coolgardie West Project in Western Australia.
The program comprised 24 holes for 1,397m and aimed to test two main gold soil anomalies that were uncovered via soil sampling conducted in 2018 and 2024.
Lodestar reports the northeastern anomaly did intersect clays interpreted as weathered volcanic rocks on one line but did not reach fresh rock. Each hole on this line ended in sub horizontal pegmatite.
The company adds the remainder of the holes only intersected weathered granite.
At Coolgardie West, the company’s site visits had previously demonstrated the presence of transported cover with limited outcrops. A review of the aeromagnetic data had highlighted the presence of an extension of the Coolgardie greenstone belt between the monzogranites coinciding within the southern part of the northeastern anomaly.
The greenstone belt is 5km-long and is considered to be prospective for gold, nickel, and lithium-caesium-tantalum pegmatite mineralisation.
Meanwhile, Lodestar adds that the southwestern target was interpreted to be linked to a north-west trending cross fault within the monzogranite, and thin quartz vein intervals were encountered without any significant gold results.
The Coolgardie West Project, considered prospective for gold, nickel, and lithium, covers 59km2 in the Eastern Goldfields region of Western Australia.
Lodestar Minerals is a base metal and gold explorer focused on its wholly owned Earaheedy, Ned’s Creek, and Coolgardie West projects. All of the company’s projects, totalling 1,420km2, sit in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Lodestar Minerals
