Lodestar completes RC drilling at Contessa

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Image credit: Lodestar Minerals ASX release

West Australian gold explorer Lodestar Minerals Limited has completed an RC drill program at its 100%-owned Ned’s Creek project located 170km north of Meekatharra, Western Australia.

Image credit: Lodestar Minerals ASX release
Image credit: Lodestar Minerals ASX release

“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 12,” Lodestar said in a statement to the ASX.

“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.”

Lodestar said that 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 its previous RAB drilling.

Adertisement

“Hole LNR598 intersected 3m at 8.2g/t gold from 13m and 7m at 0.6g/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,” read the statement.

“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.”

According to the company, assay results are expected to be released by the end of July.