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The latest announcement is out from Lodestar Minerals ( (AU:LSR) ).
Lodestar Minerals has reported further visual evidence of an IOCG-style mineralised system at its Three Saints Project in Chile, after intersecting multiple intervals containing visible native copper, chalcopyrite, pyrrhotite, magnetite and pyrite in its second drill hole, L3SDD004, from 219 metres to 510 metres depth. The second hole, located 700 metres from the maiden hole, shows more continuous and pervasive hydrothermal alteration, confirming that a key magnetic anomaly reflects a mineralised system and indicating potential scale across the geophysical target.
Management said the increasing alteration intensity and sulphide content with depth, along with consistent IOCG-style assemblages between the two holes, suggest that drilling is on the margin of a larger system, boosting confidence that the program is vectoring towards its core. Assay results from the maiden hole are expected by the end of May and from the second hole in early July, which will be critical in determining copper and precious metal grades and in assessing the potential economic significance of the discovery for Lodestar and its stakeholders.
More about Lodestar Minerals
Lodestar Minerals Limited is an Australian exploration company focused on discovering and developing mineral resources, with current emphasis on iron oxide copper gold (IOCG) systems. The company is advancing its Three Saints Project in Chile’s Coastal Cordillera, a well-established mining region with strong infrastructure and access to major transport routes.
YTD Price Performance: 133.33%
Average Trading Volume: 27,564,419
Technical Sentiment Signal: Sell
Current Market Cap: A$25.59M
For an in-depth examination of LSR stock, go to TipRanks’ Overview page.