Lodestar Minerals Announces Encouraging IOCG Results at Three Saints
Key points
- Assays confirm IOCG-style mineralisation with copper, gold, cobalt, and molybdenum
- Multiple mineralisation events identified, including IOCG-style structure
- Mineralisation extends from 197m to 600m depth, remaining open in all directions
- Next steps include reprocessing geophysical survey to target higher-grade core
Full summary
Lodestar Minerals Limited has announced assay results from the first diamond drill hole, L3SRD003, at the Three Saints IOCG Project in Chile. The assays confirm the presence of copper, gold, cobalt, and molybdenum mineralisation, with grades up to 0.77% Cu, 0.38 g/t Au, 449 ppm Co, and 190 ppm Mo. The mineralisation is structurally controlled and extends from 197 meters to 600 meters depth, remaining open in all directions. The project footprint is over 1.6 km wide, highlighting the potential for a large mineralised system. The company plans to reprocess the geophysical magnetic survey using the newly acquired drilling data to better define the controls on mineralisation and target the core of the system for the next drilling campaign.
Outlook
The company plans to reprocess the geophysical magnetic survey using the newly acquired drilling data to better define the controls on mineralisation and target the core of the system for the next drilling campaign.
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