- Lachlan Star ( LSA) prepares for maiden drilling program at the Killaloe Gold Project in Western Australia, on the back of geological sampling results
- LSA undertook reconnaissance and rock chip sampling of historic workings and targeted exposed ultramafic units across the two tenements of the project
- The results identified multiple gold mineralised trends as well as previously untested gold and silver workings and nickel anomalism
- A drilling contractor is secured to start a maiden reverse-circulation drilling program, which the company says will be underway at the earliest opportunity
- Shares are trading two per cent lower at 4.9 cents each at 11:00 am AEST
Lachlan Star (LSA) has received results from the first round of geological sampling at the Killaloe Gold Project in Western Australia, in preparation of a maiden drilling program.
The project is located at the southern end of the Kalgoorlie-Kambalda trend, with historic work indicating numerous mineralised intersections and anomalous geochemical responses.
In May, the company undertook geological reconnaissance and rock chip sampling of historic workings and geological outcrop within tenement M63/117 and additional reconnaissance and sampling targeting exposed ultramafic units within tenement E63/1018.
LSA said the work confirmed multiple gold mineralised trends within the granted mining lease.
In particular, at the historic workings of licence M63/117, samples returned grades peaking at 4.6 grams of gold per tonne.
Additionally, a review of historic ultramafic lithologies and gold-silver workings within tenement E63/1018 through handheld XRF analysis, indicated anomalous nickel and associated elements, with one selected sample returning 0.14 per cent nickel.
The company is encouraged by the results from both tenements and will subsequently push forward with plans for a maiden reverse-circulation drill program.
The program will be designed to target the multiple gold trends identified within M63/117 to facilitate a mineral resource review, as well as targeting the historic gold and silver workings and nickel mineralisation in E63/1018.
At M63/117, the company plans to test the width of the defined gold mineralised zones to confirm interpretation, and if correct, will follow-up with deeper drilling to define high-grade gold mineralised shoots.
With a drilling contractor already organised, LSA plans to get the drilling program underway at the “earliest opportunity”.
Shares were trading two per cent lower at 4.9 cents each at 11:00 am AEST.