LSA 4.41% 6.5¢ lachlan star limited

Lachlan Star - Killaloe Gold Project, page-8

  1. 145 Posts.
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    ok - so latest announcement outlines the near term plan. Have summarised:

    The drilling program will consist of a minimum of 1,200m of RC drilling, with the majority of the drilling expected to be completed on tenement E63/1018. Have secured a drilling contractor targeting:

    M63/117 (Multiple historical high-grade gold trends):
    - drilling program will be undertaken to assess the zone for mineral resource potential.
    - drilling to facilitate mineral resource review
    - Initial drilling program will test the widthof the defined gold mineralised zones to confirm interpretation.

    Then if correct will follow-up with deeper drilling to define high-grade gold mineralised shoots similar to the high-grade quart reefs within the Norseman region.

    E63/1018
    Historic gold-silver workings of quartz blows over 1500m that have never been drilled. They sit along contact between sediment and mafic rocks and potentially represent a target zone for high grade gold along the contact.
    Some ultramafic rocks that have anomalous nickel- a review of historic exploration has identified several targets that require drill testing - reviewing the possibility of a ground EM survey

    Importantly there are "there are no other land users and access is generally good". I expect they can get going very quickly here with their drilling and the strategy is to provide short term newsflow through this permit whilst the 'main game' is going through its process at Koojan.
 
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