Lodestar Minerals (ASX:LSR) hits mineralised zone in first round of Jubilee drilling

• 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.