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- Five new copper and gold targets identified at the Águila prospect.
- Integrated targeting defines copper-molybdenum porphyry targets.
- Historical drilling confirms potential of targets.
- Diamond holes underway at Three Saints IOCG project.
Lodestar Minerals (ASX:LSR) has defined five new targets with geophysical survey results within the Águila prospect at the newly acquired Los Loros project in Chile. The new targets align with the surface work completed across the area and delineated targets ranging from 150 metres to 800 metres below surface.
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The targets have also been confirmed by historical drilling, Lodestar said today, with results including 136m at 0.20% copper equivalent (CuEq).
“At the Los Loros project, these five new IP targets are aligned with the surface expressions and historical drilling across the Águila prospect, proving that the potential of this project is entirely preserved,” CEO and executive director, Coraline Blaud, explained.
“We are very pleased with the results and are looking forward to starting our first drilling campaign at the Los Loros Project, which will target the copper-molybdenum porphyry as well as the high-grade epithermal gold system.
Ms Blaud added that at the Three Saints project, maiden drilling has been an outstanding success, delineating a new, large IOCG system in a fully covered area.
The company chief said Lodestar “interprets [that] to be similar in terms of mineralisation and alteration style to the outer zone of the significant Candelaria IOCG deposit in the region. Three Saints has a huge potential; however, it will require a review of the newly acquired data to direct the next phase of diamond drilling. We are looking forward to drill deeper into the system targeting the potential copper-rich core.
“Having two projects in Chile with such large-scale potential demonstrates the remarkable discovery upside that exists within the Lodestar portfolio, and we are looking forward to the next steps of exploration,” she added.
The geophysical work at Los Loros included the acquisition of three DC resistivity and induced polarisation – magnetotelluric (DCIP-MT) lines at the Águila prospect in the southern area. A drone magnetic survey (GeoMagDrone) was also carried out at Los Loros over the full Águila prospect.
A high-resolution (25 metre spacing) program was planned with a preferential E-W direction of acquisition to highlight the two main structural trends in the area (NNW and NE trend). Perpendicular (N-S) control lines are spaced at 250 metres, for a total area of coverage of 2.8 square kilometres.
The interpretation of the 2D inversion for the three DCIP-MT lines, in combination with a 3D model, resulted in the identification of multiple zones of anomalous chargeability and resistivity at various locations and depths along Águila.
Lodestar entered an option to acquire the Los Loros project in early February.
LSR is steady at 2.2¢. Mkt cap $25.59M.
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