High-Grade Gold Intersected Beyond Target Expands Gidgee
| Stock | Lodestar Minerals Ltd (LSR.ASX) |
|---|---|
| Release Time | 18 Jun 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Lodestar Minerals Reports High-Grade Gold Results at Ned's Creek
• Drilling program completed with 12,344m over 106 holes • Significant gold intercepts including 6m @ 7.16g/t and 1m @ 35.34g/t • Assays confirm continuity and potential to expand mineralisation beyond target • Maiden Mineral Resource Estimate expected in CY2026 • High-grade gold intersections suggest potential for project growth
Lodestar Minerals Limited has completed a 106-hole reverse circulation drilling campaign at its Ned's Creek Gold Project in Western Australia, totaling 12,344 meters. The drilling aimed to support the company's objective of delivering a maiden Mineral Resource Estimate (MRE) in CY2026. Initial assay results from the first 13 holes have returned significant gold intercepts, including 6 meters at 7.16 g/t gold and 1 meter at 35.34 g/t gold, suggesting the potential to expand mineralisation beyond the previously outlined Exploration Target. The drilling has confirmed continuity within the targeted shear zone and identified new zones of mineralisation, indicating strong potential for growth. Lodestar is working towards delivering the MRE for the Ned's Creek Gold Project in CY2026.
The initial results from the drilling campaign at Ned's Creek are promising, with high-grade gold intersections suggesting potential for project growth. Lodestar is well-positioned to advance towards a maiden Mineral Resource Estimate in 2026.