Drilling Results Strengthen IOCG Model at Three Saints

Key points

• Assay results confirm IOCG-style deposit model at Three Saints
• Positive correlation between iron content and presence of sulphides
• Anomalous copper and cobalt values provide significant exploration vector
• Los Loros drilling postponed due to El Nino weather conditions

Full summary

Lodestar Minerals Limited announces assay results from the second diamond drill hole, L3SDD004, at the Three Saints IOCG Project in Chile. The results confirm the IOCG-style deposit model with significant copper-gold mineralisation and a strong alteration assemblage consistent with an IOCG system. Notably, the second hole intersected skarn alteration accompanied by cobalt mineralisation, providing a significant geological vector for further exploration. Drilling at the Los Loros Project has been postponed due to severe El Nino weather conditions that have damaged access roads. Lodestar remains optimistic about Los Loros, with five new copper and gold targets identified at the Águila prospect. The company also highlights its acquisition of the Pacifico Cu-Mo-Au Porphyry Project, enhancing its Chilean copper portfolio.

Guidance

No specific financial guidance provided

Outlook

The company remains optimistic about the potential of the Three Saints and Los Loros projects, with plans to resume drilling at Los Loros once access is restored.