Lodestar Minerals (ASX:LSR) has commenced it first diamond core drilling programme at the Earaheedy Project in Western Australia.
The drilling is designed to follow up significant gold and copper intersections in first pass Aircore and RC drilling.
We are on a rapid learning curve at Earaheedy and with successful first pass Aircore and RC drilling we now look forward to completing our first diamond core drilling programme before Christmas,” Managing Director, Ed Turner, said.
“We believe the project has the potential to host multiple copper-gold deposits but as we are drilling under sand cover we need the oriented diamond core to measure geological contacts, dips and strikes to help us vector in to the best mineralisation. Our geological model, which has gold and copper being associated along with the presence of volcanic sills within the sedimentary pile, has similarities to the high-grade VMS copper-gold DeGrussa deposit, which occurs within the region in the same aged sedimentary rocks of the Bryah Basin.”
The diamond core drilling is expected to be completed in two to three weeks with the core being geologically processed directly on site by the company’s exploration manager. The core will then be transported to Perth for cutting and sampling. Assays results are expected for late January to early February.
A total of 4,650 soil samples have been completed this year with all the assays expected to be received in January. These extensive geochemical soil sampling programmes will allow the company to define new Copper-Gold, Gold and Zinc-Lead-Silver targets across its large tenure.
]The samples have been collected on wide space grid (200m x 200m, 200m x 400m, 200m x 800m) which will require infill programme before defining drilling locations.
The company is planning to collect these additional samples early in the year to drill these new targets areas in Q1 2024.
