Highlights
- Strong Induced Polarisation (IP) anomaly in close proximity to supergene gold mineralisation identified at Contessa.
- The IP anomaly extends for a distance of 150m, has a target depth of 150m to 200m and lies below and south-east of Lodestar drilling.
- The anomaly is strongest on the section corresponding with previous ore-grade drill intercepts1, including
- LNR546 – 15m at 3.1g/t gold from 40m
- LNR656 – 21m at 3.01g/t gold from 40m and
- LNR545 – 10m at 1.2g/t gold from 50m
- An RC program to test the IP anomaly is now a high priority and currently being planned.
West Australian gold explorer Lodestar Minerals Limited (ASX:LSR, “Lodestar” or “the Company”) advises that the results of the recently completed detailed aeromagnetic and Induced Polarisation (IP) geophysical surveys at the Contessa gold prospect have now been received and reviewed. Contessa is located on the Company’s 100%-owned Ned’s Creek project, located 170km north of Meekatharra, Western Australia (Figure 1).
Lodestar completed a gradient array and pole-dipole IP survey at Contessa to assist with targeting bedrock gold mineralisation beneath the extensive supergene gold mineralisation intersected by aircore drilling.
The Contessa gold discovery was made by the Company in 2013. An initial surface sampling program identified a 6km gold and Bi-Mo anomaly overlying granite-greenstone.