West Australian gold explorer Lodestar Minerals Limited advises that an RC drill program has now been completed at its 100%-owned Ned’s Creek project located 170km north of Meekatharra, Western Australia.
HIGHLIGHTS
Four holes completed at Contessa prospect testing new IP anomaly.
Single hole completed at Brumby testing vertical extent of gold mineralisation intersected in previous RAB drilling.
Assay results expected to be returned by the end of July.
Four holes were completed at the Contessa gold prospect targeting a new induced polarisation (IP) geophysical anomaly. Earlier RC drilling at Contessa intersected pyrite alteration associated with narrow intervals of +1g/t gold mineralisation in bedrock.
The IP survey was conducted to improve targeting of bedrock gold mineralisation in the Contessa area. The survey identified an anomaly with a length of 150m and a target depth of 150m to 200m. The current four-hole RC drilling program successfully tested the target zone on two traverses, achieving depths of up to 249m. Alteration and disseminated pyrite mineralisation was logged within diorite host rocks.
Following completion of the drill program at Contessa, the rig was mobilised to the Brumby prospect where a single RC drill hole tested a gold anomaly intersected in Lodestar’s previous shallow RAB drilling – Hole LNR598 intersected 3m at 8.2g/t gold from 13m and 7m at 0.46g/t gold from 18m to end of hole3.
The hosting granite at Brumby has been identified as a mafic granite, a type of granite associated with gold mineralisation elsewhere in the Eastern Goldfields. The RC drill hole tested the vertical extent of the mineralised quartz veining and alteration and will assist with future drill targeting and geological interpretation.
Assay results are expected to be available by the end of July.