Lodestar Minerals Limited (ASX:LSR) has kicked-off the maiden drilling programme at the company’s flagship Earaheedy Project in Western Australia.
Air Core drilling will comprise approximately 100 holes for 5,000m and will test seven targets that have been identified as high priority, These targets were defined by both electromagnetic (EM) anomalies and soil geochemistry anomalies using ultrafine (UFF+) multi-element assaying methods developed by the CSIRO who also analyzed and interpreted the assay data for LSR.
“We are excited to have this important drilling programme at Earaheedy underway following a series of rain delays. This is just the first step for Lodestar towards testing these promising targets at our Earaheedy Project,” Managing Director, Ed Turner, said.
“The Earaheedy Basin is rapidly emerging as a Tier-1 base metal province, highlighted by the recent success of Rumble Resources who have proved the potential of the Earaheedy Basin with their robust maiden resource which comprised 94Mt @3.1% Zn+Pb and 4.1g/t Ag.
“We look forward to accelerating our exploration efforts in the region and providing regular updates on progress to our shareholders.”
Earaheedy Base Metals Project
The Project totals 1,344sq. km along the under-explored Earaheedy Basin NE margin. The Earaheedy Basin is an emerging metallogenic terrane with Tier 1 base metal potential. It includes Zn-Pb-Ag targets with a similar geological setting as Rumble Resources Chinook Discovery which is located on the unconformity between the Frere Formation and the underlying Yelma Formation.
Rumble recently announced a maiden Mineral Resource Estimate (MRE) of 94Mt @3.1% Zn+Pb and 4.1g/t Ag on 19 April 2023.
Lodestar has approximately 80km strike length of the targeted Yelma-Frere unconformity within its tenements.
The Project also includes Cu-Au targets within a similar geological setting to the DeGrussa Copper Deposit which is located in the neighbouring Bryah Basin. Limited historic drilling within Lodestar’s tenements has intercepted high grade copper including 2m @4.65% Cu and 3m @1.97% Cu.
For further information please visit: https://www.lodestarminerals.com.au/
