The Koojan Project is located in the New Norcia region of Western Australia (Figure 1), approx. 80km north of the recent Julimar Ni-PGE-Cu discovery by Chalice Gold Mines Ltd, and is located in a similar geological 2 setting.
and
Page 4.
Historic exploration and recent work undertaken by Liontown has identified number of gold and base metal targets that are drill ready and warrant further work. These include: • Barrall Prospect – A 4km long gold target defined by the alignment of nugget patches and coincident As-Cu-Te anomalism • 1713 Prospect – A 800m long coincident gold/arsenic anomaly that remains open along strike • Buldania Prospect – Multiple historic workings where historic drilling (Pre-1983) recorded significant intersections including: o 11m @ 1.7g/t Au from 18m o 7.6m @ 2.4g/t Au from 90m o 6m @ 4.7g/t Au from 210.6m • A number of other targets partially tested by previous explorers with better intersections including: o 28m @ 2.1g/t Au (Duke Prospect); o 48m @ 0.3g/t Au (Gossan East Prospect); and o 2m @ 6g/t Au (Cashel Prospect) In addition to being prospective for gold, previous work has also recorded significant nickel and zinc mineralisation which warrants further assessment. Lachlan Star is planning a work program for the Killaloe project. A total of 550 auger geochemical samples have recently been collected that cover the majority of tenement E63/1713 and results are expected within in the March quarter. The program planned by Lachlan Star will consist of aircore drilling to follow-up defined structural zones and reverse circulation drilling at the Buldania Gold prospect to follow-up and define the high-grade gold mineralisation and determine the potential for gold mineralisation.
News in the March Quarter, for the FY that is Jan-Mar. so think based on that gem we might have some news inbound and results of the 550 samples collected.
good things
DYOR
LSA Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
