0 seconds of 35 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:35
00:35
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Lodestar Minerals (LSR) wraps up the initial phase of drilling at its Jubilee Well gold prospect in Western Australia
  • This round of reverse circulation drilling kicked off on August 22 and comprised nine drill holes for 1312 metres to test historic shear-hosted gold mineralisation
  • Drilling consistently hit a weakly haematite-altered felsic intrusive within a sequence of variably silicified and altered chlorite schist
  • Though assays are still pending, LSR says the visual mineralisation in drill hole logs indicates the successful intersection of the mineralised shear zone
  • Lodestar shares last traded at 0.7 cents on September 1

Western Australian gold and base metal explorer Lodestar Minerals (LSR) has wrapped up the initial phase of drilling at its Jubilee Well gold prospect in Western Australia.

The prospect lies eight kilometres north of AngloGold Ashanti’s (AGG) Sunrise Dam gold mine and two kilometres from the Golden Delicious gold mine, south of Laverton in WA’s Goldfields-Esperance region.

This round of reverse circulation drilling kicked off on August 22 and comprised nine drill holes for 1312 metres to test historic shear-hosted gold mineralisation along strike from Golden Delicious.

Lodestar said drilling consistently intersected a weakly haematite-altered felsic intrusive within a sequence of variably silicified and altered chlorite schist.

Additionally, the company noted strongly-sheared intervals exhibiting silica-sericite alteration with fine-grained disseminated sulphide mineralisation over the 150 metres of strike.

Though assays are still pending, LSR said the visual mineralisation indicated the successful intersection of the mineralised shear zone.

Lodestar shares last traded at 0.7 cents on September 1.

LSR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index pares gains, Gold hits new record | March 18, 2025

The ASX200 pared early gains to close up by a sliver of less than a tenth of a percent at 7860 points.
The Market Online Video

Tuesday’s HotCopper Trends: Pancontinental price buckles, Advance hits gold | March 18, 2025

The ASX has been up 0.3% at 7,877 points.
The Market Online Video

Expert Exchange: Saul Eslake breaks down the risks of investing in the ASX

Like any investment, share market investing has a risk and reward-relationship.
A huge ship built by Austal cruises through the blue ocean.

Take two: Korea’s Hanwha hasn’t given up on grabbing Austal stake just yet

Heavyweight South Korean business conglomerate Hanwha Group is taking another swing at Austal Ltd (ASX:ASB) half a year after its last takeover play