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The latest announcement is out from Lodestar Minerals ( (AU:LSR) ).
Lodestar Minerals has identified five new copper and gold geophysical targets at the Águila prospect within its Los Loros porphyry project in Chile, following induced polarisation, magnetotelluric and magnetometry surveys. The work suggests a fully preserved, near-surface porphyry system with copper-molybdenum and high-grade epithermal gold targets between 150m and 800m depth, and indicates that historical drilling stopped short of the newly defined zones.
At the Three Saints IOCG project, the company has completed a 611.1m diamond drill hole that encountered visible sulphides and extensive skarn-type alteration characteristic of regional IOCG deposits, although assay results are still pending. Management says the results at both projects highlight substantial discovery potential in Chile and will guide the next phases of drilling, underlining the strategic importance of these assets within Lodestar’s exploration portfolio.
More about Lodestar Minerals
Lodestar Minerals Limited is an ASX-listed exploration company focused on copper, molybdenum, gold and iron oxide-copper-gold (IOCG) deposits in Chile. Through projects such as Los Loros and Three Saints, the company targets large-scale porphyry and IOCG systems, aiming to build a portfolio of high-impact mineral discoveries in a globally significant mining region.
YTD Price Performance: 83.33%
Average Trading Volume: 33,275,847
Technical Sentiment Signal: Sell
Current Market Cap: A$25.64M
See more data about LSR stock on TipRanks’ Stock Analysis page.