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- Shallow, high-grade gold intersected at the New Waverley
- Results confirm continuity of stacked high-grade quartz vein-hosted gold mineralisation
- Shallow depths identified across Waverley and Trial Pit areas
- Results increase confidence in continuity of the mineralisation
Lachlan Star (ASX:LSA) has received promising early high-grade assay results from its maiden diamond drilling program at the New Waverley gold project in the Eastern Goldfields of Western Australia.
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The program comprised a total of 13 DD holes for 1,031.4m of drilling, including seven holes at the Trial Pit and six holes at Waverley Pit.
The drilling was designed to test beneath high-grade rock-chip results from the Trial Pit area and to follow up on in-situ historical high-grade gold intercepts, of 4.1m at 12.53 grams per tonne (g/t) from 59.7m, including 0.65m at 77.3 g/t from 63.1m and 4.0m at 13.83 g/t from 16m, including 1.0m at 53 g/t from 19m.
Importantly, initial drilling has confirmed the presence of stacked quartz vein-hosted gold mineralisation within a north-northeast trending shear corridor, with laminated and locally brecciated quartz veins observed across both the Trial Pit and Waverley Pit areas.
“These exciting initial drill results mark a significant step forward at New Waverley, giving confidence in the broader scale and potential of the high-grade gold system,” CEO, Andrew Tyrrell, said.
“The diamond drill program has successfully validated the continuity and structural framework of mineralisation beneath the historical open-cut workings, confirming the presence of a broader stacked quartz vein system hosted within a significant mineralised shear corridor.
“The geological and structural information generated from this program gives us a strong foundation for the next phase of systematic in-fill and step-out drilling, with a particular focus on the higher-grade shoot positions.
“With additional assays pending from the remaining seven diamond holes and follow-up RC drilling planned for June, we believe New Waverley is continuing to emerge as a compelling high-grade gold discovery within the Norseman region.”
LSA is steady at 17.5¢. Mkt cap $66.29M.
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