High-Grade Gold Intersections Confirm Oxide Potential Ned's
| Stock | Lodestar Minerals Ltd (LSR.ASX) |
|---|---|
| Release Time | 9 Jul 2026, 9:09 a.m. |
| Price Sensitive | Yes |
Lodestar Minerals Reports High-Grade Gold Intersections at Ned's Creek Gold Project
- Drilling supports Exploration Target of 250,000-300,000 oz Au in 5-7 Mt at 1.0-1.7g/t Au
- Significant intersections include 16m @ 3.23g/t Au and 20m @ 1.34g/t Au
- Mineralisation extends into the Gidgee Flat area, enhancing project potential
Lodestar Minerals Limited reports encouraging results from the RC drilling campaign at the Gidgee Flat prospect within the Ned's Creek Gold Project in Western Australia. The drilling continues to support the December 2025 published Exploration Target of 250,000-300,000 oz Au in the range of 5-7 Mt at 1.0 - 1.7g/t Au. Significant intersections include 16m @ 3.23g/t Au from 32m, including 8m @ 6.06g/t Au from 32m in vertical hole LNRC159 and 20m @ 1.34g/t Au from 56m in LNRC159. The results confirm the targeted shear zone / oxide mineralisation previously identified by RAB drilling and indicate that mineralisation in the south of Gidgee Flat is open. The Company is working towards delivering a maiden Mineral Resource Estimate (MRE) for the Ned's Creek Gold Project in CY2026.
Exploration Target of 250,000-300,000 oz Au in the range of 5-7 Mt at 1.0 - 1.7g/t Au
Lodestar Minerals is optimistic about the potential of the Ned's Creek Gold Project, with the latest drilling results reinforcing the prospectivity of the area and the potential for additional mineralisation.