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Lachlan Star (ASX:LSA) has obtained significant visible fine gold from rock chip sampling from the floor of the historic Trial Pit area within the New Waverly mining lease in Western Australia. Top assay highlights from the sampling include 56 grams per tonne (g/t), 29.2 g/t, 20.9 g/t, 14.15 g/t and 9.8 g/t.
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The samples were obtained from cross-cutting quartz reef structures at the northern end of the pit. CEO, Andrew Tyrrell, said the relationship between the reefs and associated high-grade gold mineralisation supports Lachlan Star’s interpretation that the 400m mineralised trend identified at the Waverley and Trial Pits represents an under-explored Norseman-style, high-grade quartz reef-hosted gold system.
“These results continue to strengthen our confidence in the geological model at New Waverley, highlighted by the high-grade assays and visible gold within the exposed quartz reef system at Trial Pit,” he said.
“The mineralisation occurs at a key structural intersection within a corridor currently defined over approximately 400 metres, with geological mapping indicating the system may extend for at least 800 metres along strike.
“With diamond drilling set to commence shortly, our focus is on systematically testing this corridor to confirm historical drill intersections, determine the continuity and orientation of the quartz reef structures and their potential to host repeat high-grade gold intersections along strike and at depth.”
Some ~16km north-east of Norseman and next to Pantoro Gold’s 4.6M ounce Norseman gold project, New Waverley comprises 40 sq. km of contiguous tenement.
The project includes two mining leases containing historical small open-cut workings at the Waverley Pit and the nearby Trial Pit, mined by Great Fingall Mining Company in 1988.
Mr Tyrrell said historical drilling across the area was completed on west-east traverses and has not systematically tested the New Waverley structural corridor for these interpreted structural intersections, and this will be the primary focus of the company’s upcoming drilling program.
The upcoming campaign will start with diamond drilling on high-grade shoot positions and stacked quartz reef extensions within the Waverley-Trial Pit corridor.
Following completion of the diamond program and receipt of assays, the Western Australian company is planning to undertake a follow-up reverse circulation (RC) drilling program to more systematically test the approximately 400m strike extent of the Waverley quartz reef system.
LSA is up +3.85%, to 13.5cps.
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