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The latest announcement is out from Lachlan Star ( (AU:LSA) ).
Lachlan Star has provided additional technical disclosure on visible gold reported at its New Waverley project, detailing the geological characteristics and assay support for rock chip samples previously highlighted. One sample from a north-south quartz reef in the Trial Pit, hosted in weathered basalt with disseminated fine gold, correlates with an assay of 20.9 grams per tonne gold, while a second sample from a west-east crosslink quartz reef assayed 9.36 grams per tonne gold.
The company confirmed that all assay results related to the Trial Pit rock chip program have now been received, with no further results pending, and emphasised that visible gold observations are qualitative and not a reliable indicator of grade without laboratory assays. The clarification aligns with ASX disclosure requirements and is intended to provide investors with greater context on sampling methods and assay data, while tempering expectations by stressing that imagery of visible gold is illustrative rather than indicative of overall resource potential.
The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Lachlan Star stock, see the AU:LSA Stock Forecast page.
More about Lachlan Star
Lachlan Star Limited is an Australia-based gold exploration and development company listed on the ASX under the ticker LSA. The company is focused on advancing its New Waverley project in Western Australia, targeting high-grade gold mineralisation within quartz reef systems hosted in mafic volcanic rocks.
YTD Price Performance: 140.38%
Average Trading Volume: 655,728
Technical Sentiment Signal: Hold
Current Market Cap: A$36.98M
Find detailed analytics on LSA stock on TipRanks’ Stock Analysis page.