- Lodestar Minerals’ (LSR) infill soil sampling “confirms” two large gold targets at its Coolgardie West project in Western Australia
- Lodestar says the two gold-in-soil anomalies represent priority drill targets
- Both prospects are associated with north-east trending shear zones and occur in areas of soil cover where no previous drilling has taken place
- The company says a first-pass drilling program will be planned to test gold and lithium targets at the project
- Lodestar Minerals last traded at 1.4 cents on April 26
Lodestar Minerals’ (LSR) follow-up soil sampling has “confirmed” two gold targets at its Coolgardie West project in Western Australia.
The company said the infill, multi-element soil geochemical work upgraded and reinforced two significant gold-in-soil anomalies, which were described as priority drill targets.
The northern target is located 1.5 kilometres along strike from the greenstone pinch-out and the western target lies 2.4km north-west of and parallel to the greenstone.
Lodestar said both targets are associated with north-east trending shear zones and occur in areas of soil cover that have not seen any drilling.
The follow-up soil sampling was designed to infill gold anomalies outlined by the company’s first-pass ultrafine soil sampling program and extend the sampling coverage across most of the tenement area.
Meanwhile, the company said assay results from follow-up sampling of the greenstone-hosted pegmatite lithium target at Coolgardie West were pending.
Once received, Lodestar said a first-pass drilling program will be planned to test the gold and lithium targets.
LSR shares were up 7.14 per cent to 1.5 cents at 10:48 am AEST.