- Lodestar Minerals (LSR) commences a reverse circulation (RC) drill program at the Jubilee Well gold project in Western Australia
- The company has planned nine holes, for 1200 metres, to target an interpreted north-striking host structure over a strike of 150 metres
- The drilling is designed to infill and confirm historical bedrock gold intersections and identify the style and dip of mineralisation
- The company says it will plan further drilling if the results justify it
- Shares are trading flat today at 0.7 cents each at 3:37 pm AEST
Lodestar Minerals (LSR) has commenced a reverse circulation (RC) drill program at the Jubilee Well gold project in Western Australia.
The company has planned nine holes, for 1200 metres, to target an interpreted north-striking host structure over a strike of 150 metres.
The drilling is designed to infill and confirm historical bedrock gold intersections and identify the style and dip of mineralisation.
Managing Director Bill Clayton said the company will plan further drilling if the results justify.
“Given the wide spaced nature of historic drilling (100m by 200m) there is scope to significantly extend and upgrade the drill hole intersections at Jubilee Well,” he said.
The company acquired the project last year, with historic drilling intersecting anomalous gold with grades up to 4.5 grams per tonne (g/t).
Shares were trading flat today at 0.7 cents each at 3:37 pm AEST.